The concept of a new class of internet services developed utilizing decentralized blockchains, or shared ledger systems that utilize cryptocurrencies like Bitcoin and Ethereum, is known as Web3. Although the phrase has been in usage for some time, it only recently gained popularity. Web3 is described as "an internet that is owned by developers and consumers, controlled with tokens promoted the technology. Web3 advocates see it assuming many different shapes, such as decentralized social netwo...
