Web3 and the Decentralized Internet: Promise vs. Reality in 2021
Web3 represents an ambitious vision for the next evolution of the internet, promising to return control from Big Tech platforms to individual users through blockchain technology and decentralization. As venture capital flows into Web3 startups and major corporations announce blockchain initiatives, it’s crucial to examine both the transformative potential and current limitations of this paradigm shift. Defining Web3: The Vision The Evolution of the Web Web 1.0 (1990s-2000s): The Read-Only Web ...