Is Investing in Web3 a Bad Idea? A Complete Guide
Aug 19, 22 | Raza Mehmood
Cryptocurrency, DAO, DeFi, NFT, and Blockchain are concepts that have been bandied about in discussion and woven into headlines, and most of us have at least a vague idea of what they mean.
But what do all these phrases signify, and how can we learn more about these outlandish investing possibilities?
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Here, we'll explore the many facets of the Web3 cosmos and outline the easy steps you may take to join this exciting new community.
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The Evolution of the Internet
What before Web3? Web1.0 started in the '90s and '00s. Email, static websites, domain names, online shopping, and search engines were introduced.
Before email, most people used paper for everything. Payphones and briefcases were essential for communication.
The email caught on slowly. Some of us bought domain names, but we didn't know how Web 1.0 would develop.
Content production governed Web2.0, whereas email and static websites ruled Web1.0. Web2.0 began in about 2005 and emphasized interactivity and connectivity. Consumers and customers focused on building connections.
We joined Facebook, Instagram, Twitter, and YouTube. Web2.0 included the iPhone, podcasting, ad tracking, and product and content development. All these operations are centralized.
Creation and community are Web3.0's key themes.
Web3.0 shifts from centralized to decentralized online communication, trade, and governance.
All Web3 contributors may earn money incentives, and smart contracts execute financial transactions on the blockchain. Contracts to come.