5 Projects to Understand Web3

In 2021, Web3 became one of the year’s top 12 technology buzzwords according to Reuters. While Web1 had low engagement and interaction between users, Web2 is a creator-centric internet generally controlled by tech giants, with users’ behavior, data and communications controlled and utilized by centralized institutions. As dissatisfaction around information control grows, a new vision of the next generation of the internet has emerged. In this article, we will introduce Web3 using 5 representative projects. What is Web3 Web3 is based on blockchain technology, and its core lies in decentralization and devolution of power to the people. Users can control their own information, rather than being controlled by tech companies. Through blockchain technology, Web3 can reintroduce true ownership, verifiability, and reopen the internet to secure peer-to-peer interaction. What are the segments of Web3 Web3 is a very broad concept, but in general, it is all moving towards a decentralized network with blockchain-based power. Building a Web3 network takes a lot of work. Based on the development of technology and applications, Web3 now has a preliminary architecture. At the level of decentralized infrastructure, the most basic network architecture, privacy protection, data storage, and DAO governance are needed to operate the projects. At the level of decentralized applications, projects such as creator economic platforms, social entertainme...