What is Web3 and why should you care?

Web3 shifts the power dynamic from the giant tech entities back to the users—or at least that’s the theory. In its current form, Web3 rewards users with tokens, which will eventually be used in a variety of ways, including currency or as votes to influence the future of technology.

What is Web3 and how will it work?

The common consensus is: With Web3, people can finally own what they have on the Internet. Because in Web 3, ownership and control are decentralized. On a high-level overview, this means that the internet will no longer be controlled by centralized, big tech companies. Instead, the users of the internet will control and manage it.

What is Web3 and how do I use it?

While the Web2 was a frontend revolution, the Web3 is a backend revolution. It is a set of protocols led by blockchain, that intends to reinvent how the Internet is wired in the backend, combining the logic of the Internet with the logic of the computer. This is why some refer to blockchain as a distributed world computer.

What is Web3 and why should advisors care?

Web3 is a concept describing the state of the Internet, with massive implications on how advisors conduct virtual meetings, the level of financial intermediary participation and the opportunities available to investors.