What is Web 3.0?
Web 3.0, or Web3, is a vision for the next iteration of the internet that focuses on decentralizing data storage, better privacy controls, and ownership of the data.
This third generation of the internet is currently under development and most of today’s sites are still classified as Web 2.0. While the data and content of Web 2.0 sites are stored on servers owned by the top tech companies, Web 3.0 sites will use blockchain technology to store data on decentralized servers, just as it’s being done with cryptocurrencies.
Supporters of Web 3.0 claim decentralizing the internet will improve privacy, give users more control over their data, and take data out of the hands of the big tech companies, which currently control the majority of our data.