The Evolution of the Internet and Web3

The internet has undergone significant changes from its early days to the current phase, identified as Web3. In its initial state, often termed Web1, the internet provided static pages with limited interaction, transitioning to Web2, which introduced social media and significant user engagement. However, Web2 also gave rise to privacy concerns as dominant tech companies began to control user data and interactions. Web3 aims to address these issues through decentralization facilitated by blockchain technology, empowering users with greater control over their data and enabling value exchanges without centralized intermediaries.