Web 3.0 is the upcoming third generation of the internet. Let's break down each version of the web in a few words

World Wide Web generations Web 1.0: Users log onto the web to consume content, not create it. web1 was read-only

Web 2.0: Web2 was read and write version of the web. users are creators as well as consumers but it belonged to platforms like Google, Twitter, Yahoo and Facebook. It is centralized, which means that it is controlled by a single authority. This means that you are not the owner of the data you are creating, but the centralized players are

There are several problems with Web 2.0:

• Centralized

• Censored

• Single point of failure

• Security and Privacy

Web 3.0 (Web 2.0 + Decentralization = Web 3.0)

In the 2020s, web3 is bringing digital ownership to users. Several features are now available, such as owning digital assets, control of your data, and more. you can create or purchase a digital asset and have full control of it. Web 3.0 solves all of Web 2.0's problems.

With digital ownership you:

• can participate in and benefit from the internet economy

• own your online identity and social media content

• own your online personal, medical data and browsing history

• move it from one online platform to another

web3 is the internet owned by the builders and the users with a token based economy.