• Web 3.0 is the potential next phase of the internet wherein the internet will be decentralised and run on blockchain technology.
  • Of the earlier versions, Web 1.0 was mostly static where users would go to a website and read and interact with static information; The differentiating characteristic of Web 2.0, which we use now, is that users can create content.
  • In Web 2.0, most of the data in the internet and the internet traffic are owned or handled by a few large companies creating issues of data privacy, data security and abuse of data. Web3 offers a solution to these problems.