Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Top 10 Solana Telegram Bots for Automated Crypto Trading – TRADE NOW! (July 2025)

    July 2, 2025

    Best Macroeconomics Books to Lay a Strong Foundation 2025

    July 2, 2025

    Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin

    July 2, 2025
    Facebook X (Twitter) Instagram
    Cryptify Now
    • Home
    • Features
      • Typography
      • Contact
      • View All On Demos
    • Typography
    • Buy Now
    X (Twitter) Instagram YouTube LinkedIn
    Cryptify Now
    You are at:Home » Web3: The New Internet Powered by Crypto
    Crypto

    Web3: The New Internet Powered by Crypto

    James WilsonBy James WilsonMay 2, 2025No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Web3 is a term for a new kind of internet service that uses decentralized blockchains, which are the ledger systems that underpin cryptocurrencies. Web3 is the internet where the builders and users own and control the platforms they use, using tokens as the medium of exchange.

    Web3 is more than just crypto, which refers to all the coins and tokens that exist on top of blockchains. Web3 is an internet where cryptocurrencies and NFTs are embedded into the platforms you use.

    How the Web Has Changed Over Time

    To understand what Web3 is, it is useful to look at how the web has changed over time. The web can be roughly divided into three phases: Web 1.0, Web 2.0, and Web 3.0.

    Web 1.0: The Static Web (1990-2004)

    Web 1.0 was the first version of the web, which consisted mainly of static websites owned by companies. There was little interaction between users and content creators, and most people were passive consumers of information. Web 1.0 was a read-only web.

    Web 2.0: The Social Web (2004-now)

    Web 2.0 emerged with the rise of social media platforms, which enabled users to create and share their own content and engage with each other. Web 2.0 was a read-write web, where users had more voice and influence. However, Web 2.0 also created some problems, such as:

    • Centralization: A few large tech companies dominated the web and controlled most of the data, value, and power.
    • Privacy: Users had to give up their personal information and data to use the platforms, which could be exploited or leaked by hackers or governments.
    • Monetization: Users did not benefit from the value they created or contributed to the platforms, which relied on advertising-driven revenue models that often manipulated user behavior.

    Web 3.0: The Decentralized Web

    Web 3.0 is the next phase of the web, which aims to solve the problems of Web 2.0 by using blockchain technology. Web 3.0 is a read-write-own web where users have more ownership and control over their data, identity, and assets. Some of the features of Web 3.0 are:

    • Decentralization: Web 3.0 platforms are powered by distributed networks of nodes that run on peer-to-peer protocols instead of relying on centralized servers or intermediaries.
    • Cryptography: Web 3.0 platforms use cryptographic techniques to ensure security, privacy, and integrity of data and transactions.
    • Tokenization: Web 3.0 platforms use tokens to incentivize participation, reward contribution, and enable governance. Tokens can represent anything from currency to digital art to voting rights.

    Why Web3 Matters for Crypto

    Web3 is important for crypto because it provides a new paradigm for creating and using cryptocurrencies and other digital assets. Some of the benefits of Web3 for crypto are:

    • Innovation: Web3 enables new forms of innovation and experimentation in the crypto space, such as decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and more.
    • Inclusion: Web3 lowers the barriers to entry and access for crypto users and creators by providing open, permissionless, and censorship-resistant platforms that anyone can join and use.
    • Empowerment: Web3 gives more power and agency to crypto users and creators by allowing them to own their data, identity, and assets and participate in the governance and decision-making of the platforms they use.

    Conclusion

    Web3 is a vision for a new internet that is built on blockchain technology and powered by cryptocurrencies and tokens. Web3 offers a read-write-own version of the web, where users have more ownership and control over their online experience.

    Web3 is significant for crypto because it enables new forms of innovation, inclusion, and empowerment in the crypto space.

    For on-demand analysis of any cryptocurrency, join our Telegram channel.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBrown University invests $4.9m in BlackRock’s Bitcoin ETF
    Next Article S&P 500 climbs toward historic streak as jobs data, China talks boost sentiment
    James Wilson

    Related Posts

    Top 10 Solana Telegram Bots for Automated Crypto Trading – TRADE NOW! (July 2025)

    July 2, 2025

    Best Macroeconomics Books to Lay a Strong Foundation 2025

    July 2, 2025

    Best 10 Solana Telegram Trading Bots (July 2025)

    July 1, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Remittix (RTX) hits $4m presale as XRP holders take notice

    February 4, 2025

    Here’s why OKB price spiked 20% today

    February 4, 2025

    iDEGEN price prediction: Is this the AI agent token to buy?

    February 4, 2025

    Gate.io to list CYBRO token on Dec 14 after $7M presale success

    February 4, 2025
    Don't Miss

    Top 10 Solana Telegram Bots for Automated Crypto Trading – TRADE NOW! (July 2025)

    By James WilsonJuly 2, 2025

    Solana stands out as one of the fastest and most efficient blockchains in the cryptocurrency…

    Best Macroeconomics Books to Lay a Strong Foundation 2025

    July 2, 2025

    Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin

    July 2, 2025

    Best 10 Solana Telegram Trading Bots (July 2025)

    July 1, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    About Us
    About Us

    CryptifyNow: Your daily source for the latest insights, news, and analysis in the ever-evolving world of cryptocurrency.

    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    Top 10 Solana Telegram Bots for Automated Crypto Trading – TRADE NOW! (July 2025)

    July 2, 2025

    Best Macroeconomics Books to Lay a Strong Foundation 2025

    July 2, 2025

    Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin

    July 2, 2025
    Lithosphere News Releases

    Colle AI’s iOS App Launch Brings Multichain NFT Creation to Mobile

    February 4, 2025

    AGII Transforms Web3 Infrastructure with AI-Optimized Smart Contracts

    February 4, 2025

    Colle AI (COLLE) Allocates $250M for AI Tool Development and Liquidity Growth on Solana

    February 4, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.