A popular analogy for explaining web3 vs. old web paradigms goes like this: Web1 = Read Web2 = Read & Write Web3 = Read, Write & Own In Web1, the average internet user could, for the most part, only read content online. It involved going to the AOL or Yahoo homepage and checking out the latest news, or some other activity that was simply just consuming content. Like radio or television, information was beamed down to the end-user by third parties (usually large companies) that could afford th...