<- Business Glossary

Web3

What is “Web3” meaning?

Web3 is a business and tech concept describing the third generation of the internet, which emphasizes decentralization, transparency, and user ownership. It shifts control from centralized platforms to individuals, using blockchain, smart contracts, and crypto assets to enable permissionless and trustless environments.

Example

“Our startup is building a Web3 social platform that rewards users with tokens for their engagement.”

How is “Web3” used in business?

In business, Web3 is reshaping how companies approach ownership, monetization, and community involvement. Startups and enterprises are leveraging Web3 to build decentralized finance apps, NFT marketplaces, DAOs, and creator economies. It offers new business models and aligns with the demand for more ethical, user-focused platforms.

Pro Tip

When entering Web3, prioritize user education, security, and compliance. The space is rapidly evolving and requires a future-focused mindset.

Related Terms

Blockchain, NFT, Decentralized Finance (DeFi), DAO

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