There are 3 distinct phases of the internet, representing the evolution of online experiences and user engagement:
The first one:
Web1 (1990s-early 2000s):
- Static websites with limited interactivity
- Passive consumption of content
- Emphasis on information provision
Web1 was characterized by a one-way flow of information, with users primarily consuming content.
The second one:
Web2 (mid-2000s-2010s):
- Rise of social media platforms
- User-generated content and interaction
- Data collection and monetization
Web2 introduced two-way interaction and user-generated content, but at the expense of data monetization.
The third one, the actual one:
Web3 (2020s onwards):
- Decentralization and blockchain technology
- User ownership of data and content
- Focus on cryptocurrencies and NFTs
Web3 aims to democratize the internet, empowering users through decentralization and ownership.
Always remember, WEB3 = OWNERSHIP