Web3 is the third ‘iteration’ of the internet. Hence, you can think of the internet as a spectrum of evolution. Change is the only constant. Hence, the internet is always changing. We started with static web pages in the 1990s. Today, we can do many things, like shop, communicate, collaborate, play and earn. To shed some context of how we got here, it is best if we start a history lesson. This history lesson gets divided into Web1, Web2 and Web3. Once done, we can understand how Web3 is a new way of engaging your audience and gaining a competitive edge.
What is Web1?
We start with the invention of the transistor and microprocessor. Hence, these silicon based electronic items help information in as little space as possible. You must be familiar with Moore’s law. It says that every 18 months or so, our ability to pack in information in less space has doubled. This means that we do more with our information with less space. As we gained the ability to store massive amounts…
