# Web.3

**Published by:** [Untitled](https://paragraph.com/@0xc8f1b316fe8e4d85c72b500d8f6b5f4f6a8b4cec/)
**Published on:** 2022-08-08
**URL:** https://paragraph.com/@0xc8f1b316fe8e4d85c72b500d8f6b5f4f6a8b4cec/web-3

## Content

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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