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Web3 is the next evolution of the internet. It builds off current Web 2.0 with added functionality. Whereas Web 2.0s is focused on read-write, Web3 is read-write-own or read-write-execute. Decentralization, privacy, security and machine learning are early principles of Web3.
What is Web3?
There are a bunch of ways to answer that question - but I’d argue that the simplest definition is to contrast it with what web 1 and 2 were:
Web 1.0: Web 1.0 was basically the first version of the internet. Most people on the web consumed content, and the creators were typically developers who built websites that contained information in text or image format (anyone remember geocities?). Web 1.0 lasted approximately from 1991 to 2004.
Web 2.0: Today’s web. We’re all content creators sharing our thoughts amid several platforms that are primarily owned by a handful of companies. Infrastructure is largely centralized through a few big companies (Amazon, Google, Social Media Companies, etc.), and privacy is, well, “meh”.
Web 3.0 is a little different. While the full definition of what web3 can be is pretty exhaustive, I’m going to boil it down to 3 things:
In web 3, applications don’t run on single servers in the cloud - rather they are powered by decentralized blockchain technology that potentially has the ability to create a much more secure and elastic framework for interactions.
- Web3 technologies and non-fungible tokens have already reshaped the art world as proponents seek to democratize access to digital assets.
- There are concerns about crypto's sustainability but the Ethereum 'merge' showed that it was possible to cut the network's energy usage by 99.5%.
- Lessons from the art world show that Web3 technology could be used to transform our consumption habits and stop excessive production.
To conclude, Web3 and NFTs can reshape our symbiosis between the physical and the digital realms to optimize our polluting consumption economy while improving end users’ ownership over their digital assets.
We should strive for conscious consumerism and endow impactful digital and NFT initiatives.
We can use Bill Gates's cynical remark earlier this year that "expensive digital images of monkeys" would "improve the world immensely" as a driver toward meaningful exploration of Web3 possibilities.
Not for the sake of short-term benefits reap, but as a powerful conduit between communities, artists and computer engineers to support ideas that can improve our physical and digital well-being.
Web3 has become a catch-all term for the vision of a new, better internet. At its core, Web3 uses blockchains, cryptocurrencies, and NFTs to give power back to the users in the form of ownership.
While Web 3.0 is primarily concerned with who will rule( tech giants or individuals) and govern the internet in the future, the Metaverse is concerned with how users will interact with it. A large section of people now use computers, smartphones, and tablets to navigate websites and to access apps.
In summary, Web3 brings the potential to unlock more value for everyone on the internet. Instead of platforms having control of the data, users own any content they create, any digital objects they purchased, and those assets are usually portable.
The allure of Web3. 0 is that it is decentralized, thus instead of consumers being able to access the internet through services managed by Google, Apple, or Facebook, individuals own and govern portions of the internet.
Web3 domains are rising in popularity as the Web3 evolution continues to grow. As a result, numerous blockchain domain name service (DNS) systems have emerged, including Ethereum Name Service (ENS), Unstoppable Domains, Decentraweb, and Handshake. Many existing website owners looking to stay technologically relevant are seeking ways to incorporate decentralization into their business models and websites. A logical place to test the waters is investing in a Web3 domain and creating a Web3 website. Moreover, Web3 domains can redirect to existing traditional Web2 sites. Keep reading this “How to Build a Web3 Website” article to learn how!
Web3 domains are multi-utility NFTs (non-fungible tokens) or “digital certificates” that are publicly transparent on the blockchain. As unique assets, Web3 domains act as a gateway to decentralized websites and applications, alongside providing a convenient way to send and receive funds. For people looking to create their own Web3 website, it will first start with purchasing a Web3 domain.
In this article, we provide a comprehensive guide to creating a Web3 website with a Web3 domain. We will cover methods to build your own site using a template and redirect existing websites to a newly purchased Web3 domain. For the purpose of the article, we will explore ways of creating a Web3 website with Unstoppable Domains. Finally, we’ll cover how to configure the Google Chrome browser settings to access Web3 domains.
This guide requires users to interact with Web3 wallets. For a video tutorial on installing the number one Web3 browser wallet, MetaMask, see our Master DeFi in 2022 course at Moralis Academy. Here, we provide a step-by-step guide on setting up and navigating the leading crypto wallet and interacting with popular Ethereum applications. Check out Moralis Academy today!
Web3 is another name for the “decentralized” Web. It works a lot like the internet you use every day (albeit with a few important technical differences). Web3 still has familiar websites and apps—from social media and streaming services, to news outlets, financial tools, and more. And it’s more open, in that there’s no Big Tech (or government) gatekeepers, so how you connect to these sites and apps is fundamentally different.
Confused? Don’t worry. Let’s back up a bit, and review the basic structure of the Web and how this new concept of “decentralization” fits in.
The centralized Web: What are servers?
The internet is home to millions of websites and apps, all of which are just a click away on devices like smartphones, laptops, smart TVs, and other internet-ready gadgets. But these sites all have to “live” (or be stored) somewhere. That’s where servers come in.
A server—which is really just another computer—physically houses the stuff on the internet. When you access online services, sites, or apps, you’re communicating back and forth with the servers where they live.
And, in most cases, apps and sites need lots of servers. Maybe very small sites (like a personal portfolio page) can be hosted on a single server, but web apps that support millions of users need much more storage. That means that most sites and apps are stored across multiple servers—in a “distributed” manner.
If you operate a site, app, or service, you either need to provide your own data storage (aka servers), or rent from an established data storage provider. That’s where Big Tech companies like Amazon, Microsoft, and Google come in…and part of how they’ve become so powerful: they monopolize. These tech giants offer servers and maintenance at a (relatively) low fee, and it’s often easier for people (or businesses) to rent servers than run their own. The big service providers also often have lots of server farms around the world, making it easier for apps and sites to distribute their storage across multiple remote data centers.
But whether someone runs their own servers, or rents them from a storage provider, they (mostly) have control over them. This model is called “centralized” because the owner is the ultimate authority over the servers, and thus the service. Even if their servers are widely distributed, they’re still always controlled via a centralized authority.
This is core to how the old Web works. In Web 1.0 and 2.0, governments, Big Tech, and Wall Street (to name a few) are the central authorities that verify your identity, transactions, rights to publish content, even basic access to the Web.
Web3, then, is about moving away from these principles. It’s about decentralization.
What does decentralization in Web3 look like?
In Web3, we still need servers to host apps, sites, and services. And they’re often still distributed all around the world. What makes the new Web3 model so unique is that the servers (or “nodes,” as they’re known in Web3) are owned and operated by independent parties rather than centralized authorities. In other words, they’re not only distributed, but also “decentralized.”
This may seem like a small difference, but it has big implications for the future of the internet and how we use it. It’s both a technical and an ideological difference. Decentralization is the heart of Web3, and it’s all about putting control of the internet into the hands of the people who use it and contribute to it, rather than Big Tech companies.
The Web3 model of ownership is, however, much more complex and trickier to achieve from a technical perspective. To have truly decentralized ownership, Web3 relies on cutting edge technology like blockchain and crypto to coordinate nodes, and to incentivize independent parties to run those nodes. Anybody can then build on top of these networks, effectively choosing to use decentralized nodes to host their sites, apps, and services.
The result is that the networks powering Web3 are said to be “decentralized,” meaning no single party (or group of parties) have complete authority or control over them. Nobody has special privileges like the ability to see all the network traffic, or to shut off access for certain users. Blockchain networks rely on independent participants (rather than centralized Big Tech companies) to keep things up and running. And individual participants are incentivized to do so by earning crypto rewards for supporting blockchain networks.
The apps and sites that are built on the blockchain networks of Web3 are called “decentralized applications” (or “DApps”). This term really just means that they’re collectively hosted by nodes that belong to independent parties, rather than the servers of one singular, controlling entity. Technically, anybody can make their computer available to the network as a node. But practically speaking, it’s advanced computers that perform best as nodes, so most nodes are still operated in large-scale setups—just without the centralized ownership.
Why should you care about decentralization?
Web3 works just like the old Web, but with different—decentralized—infrastructure backing it. Why’s that such a big deal?
There are two main reasons. First, Web3 is much more secure, private, accessible, and resistant to censorship than Web 2.0. Second, Web3 also represents a new philosophy for how the internet should work, and who should be in control of it—offering individuals a chance to shape the future of the Web. Advocates of Web3 say that, in this regard, it democratizes (or de-monopolizes) the Web. It puts the power back in the hands of the user.
The Web3 advantage
Compared to today’s centralized version of the internet, Web3 is more:
- Secure (thanks to cryptography)
- Resilient (thanks to globally distributed infrastructure)
- Resistant to censorship (because there aren’t central authorities to block access to content)
- Open (because nobody needs permission to participate)
- Private (thanks to the lack of centralized servers, there isn’t privileged access to data)
Let’s look at each of these benefits in more depth…
Web3 is more secure and private than Web 2.0 thanks to the cryptography that’s baked in. For example, a Web3 user accesses a DApp with a private key—sort of like a cryptographically secured passport—instead of a username / password. This puts you in control of your own data; there’s no need to trust a central authority to store and verify your credentials when you go to log in.
While nodes / servers can be distributed in both Web3 and Web 2.0, there’s typically more distribution in Web3 because the Big Tech companies of Web 2.0 tend to concentrate server farms in “strategic” areas. With nodes spread all over the world, owned and operated by independent parties and individuals, it’s much less likely for one event to cause an outage or downtime on the networks that make up Web3. In this regard, Web3 is more “resilient,” meaning it’s less likely for something like a simple power outage to disrupt the service. And widespread outages—like when there’s a problem with Amazon Web Services that affects all their data centers and everything they host—are practically unheard of in Web3.
Resistance to censorship
Decentralized hosting on Web3 means that sites and apps are more censorship resistant than their Web 2.0 counterparts. In Web 2.0, it’s possible for authorities like a government or an Internet Service Provider (ISP) to block your access to a site by restricting access to its servers. But Web3 has no central authorities ruling over its blockchain networks and the DApps they support—because the servers are independently owned and operated. That means there’s no controlling parties that can limit access to these services.
The decentralized nature of Web3 makes it open, permissionless, and transparent: anybody with an internet connection can access it regardless of their location, nationality, age, gender, or any other factors. What’s more is anybody can download the required software, become a node operator, and participate in securing a blockchain network as well. There’s no need to seek permission, because there’s no central authority in charge of granting it.
When you connect to DApps on Web3, you’re communicating back and forth with nodes that are independently owned. Contrast this with Web 2.0 where you communicate back and forth with servers that have centralized ownership behind closed doors. In Web 2.0, you have to trust the owners of the service you’re using to respect your privacy. And, realistically, Web 2.0 Big Tech companies have shown time and again that they’d rather sell your data than protect it. But in Web3, you’re dealing with independent parties. There’s no central “Ethereum corporation,” for example, that has privileged access to all of the data sent through its network, or that’s following you around the Web with trackers.
Web3 is an ideological movement
Aside from its technological advancements, Web3 is somewhat of a rebellion. Web3 represents a rejection of the current mismanagement of the internet that disregards everyday users in favor of mega corporations looking to cash in.
With Web3, users can freely access the internet, and have full ownership of their data—no Big Tech required. It’s a whole new philosophy for how the Web should be managed and how users should access it: in a Web3 world, we’re no longer dependent on monolithic, centralized authorities like governments, Big Tech, and Big Banks.
Web3 is about democratizing the internet so that anyone can participate in these networks, run nodes, build DApps, and enjoy the services of Web3 no matter where, or who, they are.
Web3 sparking tech innovation
Aside from ushering in a more equitable version of the Internet, Web3 is also spurring the creation of some really exciting new technology.
Web3 is built on blockchain and cryptocurrency, which have opened the floodgates for all kinds of new technological innovation. Cryptocurrency introduced the concept of “tokenization”—taking an asset and creating a blockchain-backed digital version of it. That led to all kinds of new crypto tokens that capture the value and innovation of Web3. Take the Basic Attention Token (BAT), for example, which Brave leverages to create a better world of online advertising for users and advertisers alike.
Then tokenization expanded even further as Non-Fungible Tokens (NFTs) first took the digital art world by storm—though NFTs have grown to entail much more than just digital art. NFTs have sparked a new generation of Web3 users to reconsider digital assets and how we own, store, display, and interact with them. NFT galleries gave rise to instances of the “metaverse,” for example, where digital artworks can be displayed for all to see. In turn, metaverses will surely give rise to even more new technologies.
But just as much as these new technologies are exciting and innovative for the tech space, they’re also powerful and full of potential to benefit other sectors. The first industry to be strongly impacted by Web3 tech was finance (with the introduction of decentralized finance, or DeFi), but many more will surely follow. Many industries stand to benefit in various ways from the streamlined, automatic, and trustless systems of Web3. This includes anything from supply chain, healthcare, insurance, real estate, gaming, social media, and more.
Exploring Web3 for yourself
The more people who join the Web3 movement, the more momentum the revolution gains. As people become aware of the problems and inefficiencies of Web 2.0, and make the shift to Web3, the internet should gradually become a more equitable and innovative place.
But how to join the movement? It’s easy! Just switch to a privacy-centric Web browser with built-in Web3 capabilities like a crypto wallet…Just switch to a browser like Brave. Download now to experience the easiest way to dive into Web3.