Web3 or web 3.0 is basically the next iteration of the Internet. It follows on from the previous two evolutionary phases of the Internet, i.e., web1 (or web 1.0), the birth of the internet we all ...

Web3 saw a staggering $62 billion investment in 2022, according to the McKinsey.com “ Tech Trends 2023 ” report. This influx of investment correlated with a notable 40% increase in job postings.

Web3 companies also have to communicate with their users, mostly through Web 2.0 technologies such as email or online messaging that are also prone to legacy security issues.

Web3's proponents claim their vision for the internet can cut the Big Tech middlemen out of the picture by completely decentralizing the web in much the same way cryptocurrency is attempting to ...

"Web3 is a repackaging of some particular technologies," McCullough told CBS News. "Blockchain went down a kind of tech culture cul-de-sac and consumers got tired of the hype.

Here is where Web3 currently has some impressive proof points: The respected venture capital firm Andreessen Horowitz is already into its fourth and largest-ever Web3-related fund, Crypto Fund 4 ...

Web3 has major backers—including investor Chris Dixon. Key to this decentralization is blockchain technology, which creates publicly visible and verifiable ledgers of record that can be accessed ...

While Web3 and Web 3.0 are often used interchangeably, and both aim to give internet users more control over their data, how they go about returning that control is quite different.

Douzina compared web3 gaming to the early days of mobile gaming, which started off with simple games like Snake. In the near term, Linden expects there will be three or four games that bring in ...

Web3 is a scam. Web3 is a world-changing opportunity to make a better version of the internet and wrest it away from the behemoths who control it today. Web3 will make some people a lot of money.

Except Web3 is supposed to be anathema to kings and other powermongers. But before you start imagining some digital utopia, many (with some justification) think the Web3 movement is also rife with ...

Thankfully, web3 might be able to provide an antidote to the suffering. How web3 is putting control in the hands of artists Trying to define web3 is a bit like trying to define social media.