What the heck is web3?!
decoding and demystifying web3
Thanks for tuning in again to our third newsletter instalment. As we mentioned in our last newsletter, since our launch, we’ve been cooking up plans to bring you more regular conversations, musings, and curated content on everything web3. We’ll be announcing shortly a whole host of offerings which we hope you’ll enjoy and gain a whole lot from. There’s so much to cover when it comes to web3, with new ideas and technologies emerging all the time. Our promise is to do the hard work for you and keep bringing you the best and most reliable information we can find. With that, we’ve decided to theme our months. Every month we’ll pick a web3 topic and focus our conversations and learnings under a theme. This will give us a ‘learning’ structure and allow you to pick and choose what ‘topic’ makes sense for you to join based on your interest, passion, and skills.
🎯 THIS APRIL
There’s no better place to start than to start at the beginning with What the heck is web3.
This month, April, we’ll be going deep to decode the catch-all phrase web3. We’ll be bringing you our perspective, thoughts from experts in the space, and why this even matters.
So let's begin…..
🧐 WHAT THE @#&! IS WEB3?
In order to understand web3 let's first align on what web1 and web2 are and what each web allowed you to do as a participant in each of these stages of the internet:
web1 = Read
web2 = Read & Write
web3 = Read, Write & Own
web1 was the earliest stage of the web, where webpages were static and offered a read-only functionality.
web2 brought the interactive stage of the internet, offering the ability to write or publish content thus giving birth to a culture of participation and social connectivity.
web3 is still being shaped by three key concepts: semantic (i.e. making the web readable by machines - think AI), geospatial ( i.e. 3D graphics to create virtual worlds like the Metaverse), and decentralisation (i.e. giving back ownership of your user data or content as a result of blockchain technologies).
🐰 Want to go deeper and down a rabbit hole? Have a listen to this episode of Babbage from The Economist, Host Kenneth Cukier, where he revisits the internet of yesteryears and breaks down both the fundamentals, criticisms and the possibilities of web3.Want to know more? Join one of our events and conversations this month. Keep a lookout on the UNTAM3D FB page for more details coming soon.