Web3 refers to the third generation of the World Wide Web, which incorporates blockchain technology and smart contracts to create a decentralized, open-source network. This new web is focused on providing a more secure and transparent way to interact online, with a greater emphasis on user ownership and control of data.

WebDev changes that come with web3

1. Decentralized hosting

Instead of relying on centralized servers, web3 websites can be hosted on a decentralized network of computers, which makes them more resistant to censorship and data breaches.

2. Interoperability

Web3 technologies allow for different blockchain networks to interact with each other, which opens up new possibilities for creating decentralized applications that can be accessed across different platforms.

3. Tokenization

Web3 technologies enable the use of digital tokens to represent assets, whether they be physical or digital, this enables a new way to monetize digital assets and create new revenue streams.

4. Smart contracts

Web3 allows the use of smart contracts which are self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code, this allows for automatic execution of the contract without the need for intermediaries.

5. Personalized experience

Web3 technologies can provide a more personalized experience for users by allowing them to own and control their data, which can be used to create personalized digital experiences and content.

In conclusion…

Web3 is a new generation of the World Wide Web that utilizes blockchain technology and smart contracts to provide a more secure and transparent way to interact online. Web3 technologies have changed the way we design websites, from decentralized hosting and interoperability to tokenization and smart contracts, it enables new ways of creating digital experiences and monetizing them