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What is Web3 and How Will It Change the Internet?

Updated: Aug 5, 2022

If you feel like you’re just now starting to wrap your head around the concept of cryptocurrency, get ready to expand your syllabus. There’s a whole new internet coming your way, and it’s based on blockchain technology — just like Bitcoin and Ethereum.

See: Metaverse Virtual Real Estate Is Booming: What’s the Appeal? Find: Best Metaverse Coins To Buy for 2022

If you read up on web3, also called Web 3.0, you’ll notice that people use words and phrases like “decentralization,” “digital self-sovereignty” and “user-specific” to describe it — but what does all that mean?

The third iteration of the internet is slowly but surely becoming a reality, so GOBankingRates asked the experts to help make sense of web3 — and predict what the future holds.

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