Definition
The next generation of the internet, built on blockchain technology. Web3 envisions a decentralized internet where users own their data, digital assets, and identities — contrasted with Web2 where platforms like Facebook and Google own user data.
Why It Matters
Web3 represents a fundamental shift in how the internet works. Understanding it helps you grasp why crypto, NFTs, DAOs, and DeFi matter beyond just price speculation.
Example
In Web2, your Instagram photos are owned by Meta. In Web3, digital assets you create are stored on-chain and provably yours — no platform can delete or seize them.
Related Terms
Blockchain
DAO
NFT
DeFi