Web 3.0

Web 3 is a term used to describe a new version of the internet that is more decentralized, secure, and user-centric compared to the current web (Web 2.0). In simple terms, Web3 aims to give users more control over their data and online interactions by leveraging blockchain technology and decentralized protocols.

Web 3.0 has the potential to change the internet as we know it forever. You're still early in catching the trend and building your first blockchain application or creating your own web 3.0 projects that can make you money.

In Web 2.0, all the data is controlled by Big Tech companies, such as Google, Apple, etc. In the decentralized web, no single person/company owns any data or information about anyone, and everything is visible to the public.

Web3, also known as the decentralized web, is the third and latest "phase" of the internet. Web3 is built on peer-to-peer networks of computers that talk to each other without middlemen.

Examples of Web3 applications include:

1. Decentralized Finance (DeFi): Platforms that allow users to access financial services like lending, borrowing, and trading without traditional banks or intermediaries. Examples include Uniswap, Aave and Compound.

2. Non-Fungible Tokens (NFTs): Digital assets that represent ownership of unique items or content, such as art, collectibles, or virtual real estate. Examples include CryptoPunks, NBA Top Shot and Decentraland.

3. Decentralized Social Networks: Platforms that allow users to interact and share content without relying on a central authority. Examples include Mastodon, Peepeth and Diaspora.

4. Blockchain Domain Name Systems (DNS): Decentralized alternatives to traditional domain name systems that give users full ownership and control over their domain names. Examples include Ethereum Name Service (ENS) and Unstoppable Domains

5. Decentralized Autonomous Organizations (DAOs): Organizations that are governed by smart contracts and operate without a central management structure. Examples include The DAO and MakerDAO.

These examples demonstrate how Web3 is reshaping the internet to be more transparent, secure, and user-driven, offering new possibilities for innovation and collaboration.