How Embracing a Decentralized Internet Can Improve Digital Ownership

Web2 is not proprietary, but Web3 will give users more control over platforms, websites, and protocols.< /p> Known as Web2, the current iteration of the Internet emphasizes the creation and distribution of user-generated content. Websites like YouTube, social media apps like Instagram and Twitter, news sites, personal blogs and many more make up a large part of the internet.

Web2 is a step up from Web1, which was primarily a read-only web version filled with simple static websites. Web3 aims to bring decentralization and token-based economies to the internet.

Web2 versus Web3

The development of several different web protocols in the early 21st century allowed programs and content to be linked through read and write interactions. Web2, in its current form, allows users to consume material created by other users and create their own content. Readers are probably the most familiar with Web2. Due to Web2's autonomy in content production, the era of social networking was ushered in, and with it came the proliferation of blogs, online forums, and online marketplaces.

However, rent-seeking centralized companies have taken advantage of this free flow of information to monetize user data and habits, despite the undeniable fact that Web2 has offered users significant benefits. The demand for a web controlled by developers and users has increased, mainly due to a breakdown of trust, exploitation of users and control of data.

Web3's goal is to encourage open services driven by decentralized applications (DApps) rather than centralized applications controlled by tech giants. Web3 users can connect directly to applications and protocols, eliminating the need for third-party intermediaries in the process. Web3 has been described as the "read/write/own" version of the Internet. Open services built on Web3 encourage unauthorized access, maximize value, and ensure auditability. These services are much more reliable, fair and ethical.

Users are not required to pay any recurring fees or provide any personal information to use the Technology Platforms;...

How Embracing a Decentralized Internet Can Improve Digital Ownership

Web2 is not proprietary, but Web3 will give users more control over platforms, websites, and protocols.< /p> Known as Web2, the current iteration of the Internet emphasizes the creation and distribution of user-generated content. Websites like YouTube, social media apps like Instagram and Twitter, news sites, personal blogs and many more make up a large part of the internet.

Web2 is a step up from Web1, which was primarily a read-only web version filled with simple static websites. Web3 aims to bring decentralization and token-based economies to the internet.

Web2 versus Web3

The development of several different web protocols in the early 21st century allowed programs and content to be linked through read and write interactions. Web2, in its current form, allows users to consume material created by other users and create their own content. Readers are probably the most familiar with Web2. Due to Web2's autonomy in content production, the era of social networking was ushered in, and with it came the proliferation of blogs, online forums, and online marketplaces.

However, rent-seeking centralized companies have taken advantage of this free flow of information to monetize user data and habits, despite the undeniable fact that Web2 has offered users significant benefits. The demand for a web controlled by developers and users has increased, mainly due to a breakdown of trust, exploitation of users and control of data.

Web3's goal is to encourage open services driven by decentralized applications (DApps) rather than centralized applications controlled by tech giants. Web3 users can connect directly to applications and protocols, eliminating the need for third-party intermediaries in the process. Web3 has been described as the "read/write/own" version of the Internet. Open services built on Web3 encourage unauthorized access, maximize value, and ensure auditability. These services are much more reliable, fair and ethical.

Users are not required to pay any recurring fees or provide any personal information to use the Technology Platforms;...

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