Communications of the ACM
What Is Web3 and Why Should You Care?
Web3 shifts the power dynamic from the giant tech entities back to the usersor at least thats the theory.
Credit: Gizmodo
In recent months, you may have come across a phrase growing in popularity: Web3. You might be wondering what it is, what it will mean for the future, and how exactly the third-generation Internet differs from the first two. Let's cut to the chase: For Web3 evangelists, it's a revolution; for skeptics, it's an overhyped house of cards that doesn't stand up to much scrutiny.
Part of the reason that there's such a heated debate going on about Web3—and cryptocurrencies, and NFTs, or non-fungible tokens—right now is that it's very early days. A lot of the promise of Web3 has yet to be properly implemented or even mapped out, so we're really dealing with what's potentially possible rather than what's actually here.
From Gizmodo
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