What is web3? An explainer

January 01, 2023

Understanding web3 therefore begins with an understanding of Web 1.0 and Web 2.0. While it’s still built on the same foundations as Web 1.0, Web 2.0 is incredibly centralized and dominated by big tech. Whereas with Web 2.0 companies profit from user-created content, web3 rewards creators directly. In another post we’ll get into all the various permutations of blockchain tokens, such as utility tokens, governance tokens, etc. Begin your web3 journey with MoonPayNow you know the basics of web3, it’s time to experience it for yourself.

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