# Web3

**Published by:** [sollonia](https://paragraph.com/@sollonia/)
**Published on:** 2023-03-20
**URL:** https://paragraph.com/@sollonia/web3

## Content

Web3 (also known as Web 3.0[1][2][3]) is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics.[4] Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as "Big Tech".[5] The term "Web3" was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms

## Publication Information

- [sollonia](https://paragraph.com/@sollonia/): Publication homepage
- [All Posts](https://paragraph.com/@sollonia/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@sollonia): Subscribe to updates