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What is Web3?

Web3 is a young and evolving ecosystem. Gavin Wood coined the term in 2014, but many of these ideas have only recently become a reality.

How do I access Web3?

To access web3, you need a crypto wallet and a web browser. Your wallet address becomes your online identity rather than using your real name. Web3 destinations range from decentralized financial platforms like Aave to metaverse platforms such as Decentraland. When will Web3 be released? Many well-known web3 platforms are already here.

Does Web3 cost a lot?

Important Web3 features, like Sign-in with Ethereum, are already available for anyone to use at zero cost. But, the relative cost of transactions is still prohibitive to many. Web3 is less likely to be utilized in less-wealthy, developing nations due to high transaction fees.

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