Studying the impact of innovation on business and society

Tag: Wall Street journal

What is Web3? The Definition of Web 3.0

What is Web3? The Definition of Web 3.0

Defining Web3 Cryptocurrencies, NFTs (nonfungible tokens), blockchain, DAOs (decentralized autonomous organizations), the metaverse, decentralized financeĀ (DeFI), decentralized application (DApp). Buzzwords, yes, but they also represent important trends that are shaping the next iteration of the Web, aka Web3, aka Web 3.0. Web 2.0 was largely recognized as an era of the social web or the web as a platform, combining the ā€œgolden triangleā€ of mobile, social and cloud computing. Web 3.0 business models are built upon the core concepts of decentralization,…