Web3 is the new Era of the Internet.
It’s a tech paradigm where applications are built upon Open Blockchains harnessing the powerful built-in features of these platforms.
It’s Web1 combined with the best of Web2.
It’s the Web with a shared open and neutral digital infrastructure where anyone can publish data and applications, with the guarantee that no one will ever arbitrarily change it. Neither the underlying rules of the platform nor the data and applications.
Think of Ethereum Blockchain (the main App Blockchain) as a global computer, where everyone has root access to create files (store data) and run programs, assign its ownership to themselves, and no one can stop it, delete it, or move it, besides you, the owner.
In addition, this kind of global computer also has natively, for each user, a digital bank account enabled to receive and send payments globally.
So, if Web1 was about freely publishing and reading online, and Web2 was about adding scalability and convenience to this recipe; Web3 is about ownership.
All your data and systems are published on this public infrastructure with decentralized governance, making it impossible for anyone to block access or take content down arbitrarily.
Only the owner of the data has the privilege to transact with that digital asset.