Future of Internet

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The term “Web 3.0” was coined by Ethereum co-founder Gavin Wood in 2014.

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Web3 or Web 3.0 is the third generation of the World Wide Web.

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The idea has been around for years, but interest in Web3 has grown in the last two years.

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It encompasses the technologies of crypto, including decentralization, token-based economies, and blockchain.

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It directly aims to replace all traditional industry practices by using Web3 technologies in innovative and progressive ways.

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The most important concept is Decentralized Finance (DeFi), which replaces the traditional financial system.

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Blockchain companies and institutions associated with Ethereum, Polygon, Solana, Cardano, etc. have received funding for Web3 development.

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