A ~60-second YouTube explainer by Ben Simpson that defines Web3 as the next generation of the internet. It contrasts web1 (read-only static pages) and web2 (read/write platforms like Facebook, Twitter, YouTube, TikTok) and presents Web3 as read/write/own enabled by blockchain, tokenization, DeFi, and NFTs.
This is web3 in 60 seconds. The biggest thing you need to know is web3 is the next version of the Internet. Right? Back in the 1960s, we had web one. This is read only, all right, static web pages. Web two was the real generation of the Internet. This is when you can not only read, but also write on these platforms. Think Facebook, Twitter, YouTube, TikTok. These are platforms where you can read and consume. Web3 is now the next generation of the Internet, which crypto and blockchain are built on, which is read, write and own. Not only do you create content, you read these platforms, you can also own a piece that is through tokenization, blockchain, DFI, NFTs. This is the next generation of the Internet, and that is why web3 so exciting.
