What is Web3 | Cryptocurrency
Web3 (also known as Web 3.0) is an idea for a new iteration of
the World Wide Web which incorporates concepts such as
decentralization, blockchain technologies, and token-based
economics. Some technologists and journalists have
contrasted it with Web 2.0, wherein they say data and content
are centralized in a small group of companies sometimes
referred to as “Big Tech”.The term “Web3” was coined in
2014 by Ethereum co-founder Gavin Wood, and the idea
gained interest in 2021 from cryptocurrency enthusiasts, large
technology companies, and venture capital firms. The concepts
of Web3 were first represented in 2013
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