futureoftheweb

“From browsing to owning: Web3 is changing how the internet works.”
Most of us use the internet every day — but do we really own any part of it?
With Web3, the answer might finally be yes.

💡 What is Web3?
Web3 refers to the next generation of the internet, where:
Ownership belongs to users, not corporationsData is stored on blockchains, not centralized serversApps run using smart contracts, not company serversTransactions use cryptocurrencies, not credit cards
It builds on Web1 (read-only websites) and Web2 (social, user-generated content), aiming for a decentralized, permissionless, and trustless web.

🧩 Key Characteristics of Web3

🛠️ Core Technologies Behind Web3
Blockchain – Distributed data storageSmart Contracts – Code that automates rules and transactionsCryptocurrencies – Native digital assets for payments and accessDApps – Decentralized applications that run on blockchainNFTs & DAOs – Tools for digital ownership and community governance

🧪 Real Examples of Web3 in Action
🎨 Own digital art via NFTs (OpenSea, Rarible)
💰 Lend or borrow without banks (Aave, Compound)

📚 References:
Binance Academy – What is Web3?Investopedia – Web 3.0

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