Web 3.0 is a hypothetical future internet version built on public blockchains, a record-keeping technology best known for facilitating cryptocurrency transactions. Web 3.0 is appealing because it is decentralized, which means that instead of customers accessing the internet through services mediated by firms like Google, Apple, or Facebook, individuals own and regulate areas of the internet themselves. Web 3.0 does not require “permission,” which implies that central authorities do not have the authority to select who has access to what services, nor does it require “trust,” which means that virtual…
Why Web 3.0 Decentralized Financial Products have Become a Rage
