Transition of Web 1, Web 2 and Web 3 (Part 3)
Here's part 3 of our series on how Web 3 came to be
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Web 3.0 is a revolutionary world wide web as it is powered by blockchain technology where users are in control of their own data and no single centralised platform can gain access to it without permission. Additionally, because it is a decentralised web, many opportunities are on the rise and we can only expect more to come!
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Transition of Web 1.0, Web 2.0 and Web 3.0 (Part 2)
Here's part 2 of our quick series on how Web 3 came to be. Stay tuned for part 3!
As technology progressed, Web 2.0 emerged to provide more interactive experiences and greater user engagement. This new version of the web became the avenue for social networks (such as Facebook, Instagram, etc.) where users could consume and share rich media content such as audio and video. Ultimately, Web 2.0 allows users to collaborate, create content, and interact with others in a more meaningful way.
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Transition of Web 1, Web 2 and Web 3 (Part 1)
Ever wondered what the transition of Web 1, Web 2 and Web 3 looked like? Here's part 1, stay tuned for part 2!
Web 1.0 was mostly a collection of static websites. As this version of the internet was still new, it had limited capabilities compared to today's modern web.
It mostly provided text-based content, where there was limited interactivity between users and the website. Given its limitations, Web 1 was more of an information repository than a platform for communication or collaboration.
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What is a DAO?
What is a DAO? 💡
Just like any organisation, a Decentralised Autonomous Organisation (DAO) consist of individuals, but it has no centralised authority, such as a CEO or board of directors. Instead, it runs on the basis of the collective wisdom and decisions made by the token holders. This allows for greater transparency and distributed decision-making, as token holders are granted the freedom in how the organisation is run. The code that a DAO runs on can be regularly checked and audited by anyone since it is based on open-source blockchains. This makes for a much higher degree of trustworthiness when compared to traditional organisations.
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What are dApps?
What are dApps?📲🔗
Decentralised applications (dApps) offer a digital alternative to centralised technologies or apps, operating on an expansive blockchain or a P2P network. In a nutshell, DApps are similar to the usual applications we use today except that they are decentralised, meaning that no single organisation or person has control over them.
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Are NFTs part of the Metaverse?
Are NFTs part of the Metaverse? 🚀🪙
YES THEY ARE!
NFTs (Non-Fungible Tokens) are playing an increasingly important role within the metaverse. This new form of digital asset ownership is revolutionising the way people interact with games, virtual worlds, and other digital experiences. One example of how NFTs are used in the metaverse would be wearables such as clothing items.
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What does minting mean?
What does minting mean? 💡
In simple terms, Minting is the process of adding a digital asset to a blockchain so that others may purchase these assets. For example, an NFT being added to the blockchain, Ethereum.
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What is a Blockchain?
What is a Blockchain? 🔗
A blockchain is a distributed digital ledger that records and stores data in an immutable, secure and verifiable manner. By being distributed across multiple computers, it ensures that the data stored is protected from tampering or unauthorised access.
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What's so great about NFTs
What's so great about NFTs?
You may have heard a lot of buzz around NFTs but what exactly makes them so great?
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Interested in exploring the world of Nonfungible tokens
Explore the world of NFTs and learn everything you need to know! By joining our Discord, you'll discover topics related #Web3 #Nonfungibletokens #Crypto and more! You'll also get a chance to be one of 3 lucky people who can receive A FREE NFT!
Wondering what a crypto wallet is
Understanding #cryptowallets might be confusing, espeically when diving into hot and cold wallets. So here's a quick overview on crypto wallets!
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