Technologycalendar_todayLast updated: Apr 2026
What is Web3?
/wɛb θriː/
Web3 is a vision for a decentralised version of the internet built on blockchain technology, where users own their data and digital assets rather than corporations controlling them.
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Everyday Example
In Web2 (now), Facebook owns your social graph. In Web3, you would own your connections and content as blockchain assets that you take with you to any platform.
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“The Ethereum blockchain hosts thousands of Web3 applications — from decentralised finance platforms to digital art marketplaces — with no central company controlling them.”
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Did you know?
The term "Web3" was coined by Ethereum co-founder Gavin Wood in 2014. It became a cultural phenomenon in 2021-2022 before a crypto market crash cooled enthusiasm.
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Key Insight
Web3's promise of decentralisation is real; its current reality is that most Web3 applications still rely on centralised infrastructure, and their users are largely early adopters and speculators.
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