What is web 3?

What is Web 3.0 (Web3)? Web 3.0 describes the next evolution of the World Wide Web, the user interface that provides access to documents, applications and multimedia on the internet. Web 3.0 is still being developed, so there isn't a universally accepted definition.

Is Web3 a myth?

Liam Proven, writing for The Register, concludes that Web3 is "aa myth, a fairy story. It's what parents tell their kids about at night if they want them to grow up to become economists". In 2021, SpaceX and Tesla CEO Elon Musk expressed skepticism about Web3 in a tweet, saying that Web3 "seems more marketing buzzword than reality right now".

Is Web 3.0 the next stage of the Internet?

Some say that Web 3.0 is the next stage of the internet that may change society. Others say that Web 3.0 is simply a marketing term used to describe the latest trends in web development, such as the rise of social media, mobile applications, and cloud computing. However, it’s not debatable to say that money is pouring into Web 3.0.

Is Web3 the next generation?

"Web3: The next generation of the web is here… apparently". The Register. Archived from the original on December 15, 2021. Retrieved December 16, 2021. ^ "The irrational exuberance of web3".