WHAT IS WEB3
Want to actually understand Web3, you hear people always talking about it,bnow let me break it down.
Let’s dive in ▼
⥤ What is Web3?
Web3 is a decentralized version of the internet where users own their data and interact through blockchain-based apps. Do the calms, you'll still understand
It's the next version of the internet:
No middlemen
You own your data
Built on blockchains
Think of it like going from Netflix owning your account to YOU owning your content and rewards, you get me.
⥤ Let's go back to the past
⤑Web1 = Read
Static websites. Info only. No interaction.
⤑Web2 = Read + Write
Social media, content creation, but platforms own your data.
⤑Web3 = Read + Write + OWN
You control your identity, your assets, your data.
Let me make an example: In Web2, You play a game like Call of Duty. You spend hours grinding, earn skins or items, but you don’t really own them. If the game shuts down or bans you, it’s all gone.
While...
Web3 version:
You play a game built on blockchain. The skins you earn are NFTs. You can sell them, trade them, or use them in other games. You own what you earn.
⥤What makes Web3 possible?
⤑Blockchain tech
⤑Smart contracts
⤑Tokens (for value + access)
⤑Decentralized networks (no single owner)
4 • dApps (Decentralized Apps)
(Calm, it's easy)
These are like apps you use daily, but they run on the blockchain.
Examples▼
⤑Uniswap (DeFi)
⤑OpenSea (NFTs)
⤑Lens Protocol (Social)
No need to trust a company. Trust the code.
⥤DAOs (Decentralized Autonomous Organizations):
A group chat with a shared wallet and voting rights.
People come together, pool funds, and vote on decisions.
Imagine running a business with your Twitter mutuals.
6 • Why Web3 matters, na you know why you enter am😂but sha:
⤑You can earn for your time online
⤑You actually OWN your NFTs, tokens, identity
⤑You don’t need to beg companies for access or permission
⥤ But Web3 isn’t perfect yet.
UX is still rough
⤑Scams exist
⤑Gas fees can be wild
But the space is evolving FAST, and that’s where the opportunity is.
⥤So what can YOU do in Web3?
⤑Join a DAO
⤑Explore dApps
⤑Mint an NFT
Learn, earn, and build with others
This space is wide open for creators, thinkers, and doers.
Web3 = internet owned by users
The earlier you learn it, the bigger the edge you’ll have.
Don’t wait until it’s mainstream.
Start exploring now.
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More simple Web3 threads coming soon.
Let’s learn and build together.