With the improvement of the encryption infrastructure, we are gradually moving towards Web3 and Metaverse. So, what is Web3? What kinds of infrastructure does Web3 need? What is the relationship between Web3 and Blockchain?

 What is Web3

On basis of the overall development of the Internet, the most concise definition of Web3 is:

Web1: Read

Web2: Read + Write

Web3: Read + Write + Own

Through the comparison above, the most significant difference between the Web3 and Web1 and Web2 era is "Own". Think about it, in the Web1 era, we could only browse information on web pages, and the size of computers and mobile devices were large. In the Web2 era, we started to share and interact with all kinds of information online seamlessly, but this time, the internet is controlled by several Internet giants, with frequent data privacy leakage incidents.

Looking over at the development of the Internet, Web1 collects information, Web2 connects humans, while Web3 focus on user data ownership. This requires the help of blockchain technology so as to achieve a trustless and permissionless system.This is why when people talk about Web3, they also need to mention blockchain. Currently, many projects are exploring the world of Web3.

Why Develop Web3?

Perhaps you may think that the Internet today is already convenient and efficient enough. The network and mobile applications at your fingertips have already made life smart enough. Why do we still develop Web3?

The truth is, the Internet nowadays is monopolized by tech giants, and it's not "free" enough. Ordinary people have never gained their due benefits from the Internet revolution, that is, the time you spend on mobile apps every day. The mobile apps have been collecting your data and habits without paying for them. In turn, you're helping the algorithm understand you more intelligently.People often complain that if they talk about a topic with their friends, the shopping and short video apps would start to push related content at night, which is why Web2 is scary.

How can we find a more “free” Internet?So, Web3 was born.

The "free" refers to the characteristics of Web3.Web3 is naturally anti-monopoly. The decentralized blockchain technology ensures that no giant can single-handedly access all users' data. It uses encryption technology to enable and protect users' privacy, open-source code, open governance, and traceable transactions.

How to Invest in Web3?

Web3 is a decentralized internet world.Decentralization is the feature of cryptocurrency or blockchain, so the most direct way to invest in Web3 is to invest in Web3-related cryptocurrencies.

BingX will continue to launch the most popular cryptocurrencies of Web3. Visit BingX App [Buy/Sell - Spot - Web3] or https://bingx.com/en-us/market/spot/ to invest in the most popular coins.