Web3 is not just an evolution; It is society’s last chance of correcting the wrongs of digital centralization, empowering individuals to build true social wealth and reclaim control over the internet’s future.

To understand Web3 and how we got here, it is important to highlight that the internet as an infrastructure has already undergone many changes in its relatively short history.

The history of the internet can be categorized into 3 main eras:

1. The first era of the internet (Web1) widely regarded as the READ ONLY era, circa 1990-2005.

This period of the internet’s development is characterized by early protocols that democratized information and is likened to a vast digital library that everybody had access to. Anybody could input a few words into a web browser and read about almost any topic.

2. The Second era of the internet (web2), also known as the READ-WRITE era, began roughly in 2006 with the rise of corporate networks.

This era democratized publishing, as anyone could now write and publish to mass audiences through social networks and other network services.

3. The third stage of the internet’s development represents a synthesis of the two previous types. Widely referred to as the READ-WRITE-OWN era, Web3 aims to democratize ownership.

Anyone can now become a network stakeholder, gaining power and economic upside previously enjoyed by a small number of corporations and corporate affiliates.

Web3 promises to challenge Big tech consolidation and return the internet to its dynamic roots. With web3, people can read and write on the internet, but they can also now OWN.