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Cryptocurrency News

How adoption of a decentralized internet can improve digital ownership

09/13/2022

Less than a minute

2022.09.13 00:40

How adoption of a decentralized internet can improve digital ownership

Known as Web2, the current iteration of the internet emphasizes creating and distributing user-generated content. Websites like YouTube, social media apps like Instagram and Twitter (NYSE:TWTR), news sites, personal blogs and more make up a large part of the internet.

Web2 is a step up from Web1, which was mainly a read-only web version filled with simple static websites. Web3 aims to bring decentralization and token-based economies to the internet.

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