With all the Metaverse hype surrounding crypto, many wonder what Web3 is and whether it might be the next major trend. This article will demystify the meaning of Web3 technology and the various cryptocurrencies associated with it. Who Coined the Term Web3? Ethereum co-founder Gavin Wood coined the term Web3 in 2014 when he envisioned a new economy built around blockchain tech where individuals exchanged services with no central authority. The idea of Web3 started gaining popularity in 2021. Projects like Helium Network and Arweave gained multi-billion dollar valuations with their decentralized peer-to-peer networks, closely imitating Gavin Wood’s Web3 vision.
The post What Is Web3 and How Can I Invest in It? appeared first on The Merkle News.
Powered by WPeMatico