What is Web3, let’s start with an intro | Episode 1

Here's our introduction to Web3, what you should learn and how it differs to Web2.

This is the launch of our “Let’s Learn” Series; a series of content focusing on key areas ranging from crypto to blockchain to Web3 and beyond. We intend to run this as part of our Educational Portal across all Divi Sites to educate and help you with your learning of crypto, blockchain, Web3 and beyond. In this particular series, we are going to look at Web3, its benefits, and why you should learn about it. With the support of our CEO Nick Saponaro and the rest of the team, we intend to dissect all the critical questions in Web3 and help you understand it well and everything that goes along with it. This is the first article of this content series, so strap in and join us on this journey.

I’m sure you have come across the term Web3, especially if you follow Divi’s social media channels. Despite seeing this across multiple places, it might still be unclear what it means, how it affects you, and whether you should care to learn about it. We hope to help you with all those questions and more with our latest Divi Educational Series - “Let’s learn… Web3”. 

This series will tackle the fundamental questions surrounding Web3 and some questions we have received from our community. If you still have more questions, please contact us via the Divi Project Twitter or Discord Channel. Let’s start with a brief introduction to Divi Labs to get the proceedings underway.

At Divi Labs, our vision is to revolutionize the way digital financial and business-related transactions are conducted. We are committed to creating cutting-edge products and services that make these transactions simple and accessible for all, while empowering users with sovereignty over their data and assets. We strive to be at the forefront of innovation in this space and to establish ourselves as leaders in creating a more secure and user-centric digital economy. This vision drives us towards building into Web3 and helping our users and B2B customers along this journey so you are as well versed in it as possible to get the most out of Web3 for you or your business.

So, what is Web3?

Web3 refers to the decentralized web. Where Web2 was a generational upgrade and changed the way we did things, Web3 promises to be a multi-generational upgrade. Web2 failed users in implementing shared incentives across a broad network. While the benefits offered to humanity are undebatable, the centralization of infrastructure and power has created an imbalanced value between the user and platform provider. 

Yes, it’s lovely that we can connect with friends and family more easily than ever, but the cost of our privacy, security, and sanity has become too great. Web2 companies have designed algorithmic addiction to fuel our base instincts and meet ever-inflated expectations set by shareholders who only care about the bottom line. We have become the product. 

Web3 changes this by democratizing the value-sharing mechanisms, decentralizing infrastructure, renewing our ability to retain our right to privacy, and enabling us to share in the economic mechanisms that fuel the platforms we love to use.

Simply, web3 is the internet the way it’s supposed to be. Open, secure, private, and user-centric. It’s worth noting that we are still at the very start of the Web3 journey and there is still so much more to achieve, including the real decentralization of the web.

What is Web3 and how does it differ from Web2?

We hope that this gave you a good introduction into Web3 and the key aspects of differentiation from Web2. Think about it like this, Web1 was when you were a baby when your parents fed you. Web2 was when we were a toddler where we started to form our own personality and to do things together with our parents. Web3 is like a teenager, where we start to build our own lives/views, be rebellious, take control of our own decisions and try different things to the status quo. Imagine where things could go from here onwards… Gone are the days of just scrolling through feeds and websites, now it’s the time to really immerse in technology (Metaverse, AR), the internet and everything else that it brings with it. The internet of things is mainstream, our lives are spent mostly immersed in tech and with a computer of some sort (tablets, mobile phones, smart watches, laptops, etc.) and the beauty of it is that we’ve only just scratched the surface of what’s possible. 

Throughout the rest of this series on Web3, we will be discussing key facets of Web3, the challenges it faces, how it would impact us and the industries and the future of it. Stay tuned for our next article. Our next article of this series will be focusing on the benefits of Web3