# Web.3

By [Untitled](https://paragraph.com/@0x98e5640d5f7b03b102246abb952f3b74103e17f8) · 2022-08-08

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Web3 or Web 3.0 is a concept of a new iteration of the Web development, which was decentralized and based on blockchains. It is a counterweight to Web 2.0, where most of the data and content is concentrated in the hands of a small group of companies

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*Originally published on [Untitled](https://paragraph.com/@0x98e5640d5f7b03b102246abb952f3b74103e17f8/web-3)*