Web3 is a very famous term not only for lovers of the Cryptocurrency universe, but also for anyone and everyone who is interested in technology. In general, the simplest definition we find for this term is about being the evolution of Web2 (the centralized internet we know today).
Nowadays, in 2023, the internet is in the hands of centralized companies. There are countless applications that we use on a day-to-day basis without realizing it, such as Facebook, Google, WhatsApp, Spotify... All these applications have one or a few owners.
The idea of Web3 is to bring a decentralized internet where instead of having a CEO behind each website, application or company; each human being can have ownership over the service used.
The simplest way to understand this type of governance is to learn about DAOs: autonomous decentralized organizations. Summarizing what they are, in DAOs, all users have the right to vote on improvements in the projects they use and when a DAO makes profits, the same is distributed among users! A more democratic and effective way of leading.
Ethereum cryptocurrency wallet Metamask has a fabulous course on the Web3 universe, you can check it out when you finish reading with us.