FAQ About Web3

What is the purpose of Web3? Web3
one year ago | gizem

What is the purpose of Web3?

The internet is currently controlled by Big Tech companies like Amazon, Youtube and Meta (Facebook) - they hold knowledge, power and profit. Web3 instead plans to guide us towards the decentralization of power and profit by letting it flow to the participants. Currently the most promising way to achieve this would be to use blockchain technology and a version of Decentralized Applications (Dapps).