Web3 101: A Beginner’s Guide

Here’s What You Need to Know About the Decentralized Web

To kick off 2022, I’ve resolved to teach myself the fundamentals of web3, cryptocurrency, and the metaverse. I’ll be sharing what I learn here.

Table of Contents

• What is web3?
• Web3 and Ethereum
• What are the benefits of web3?
• How do I access web3?
• How do I create a web3 presence?
• Web3 Glossary
• Lingering Questions
• References/Resources

What is Web3 and how is it different than the internet we know today?

The gist: Web3 is the next era of the internet, focused on intelligent computing and a peer-to-peer network with no central authority.

To add some context, the evolution of the internet can be understood in 3 stages:

Web 1.0 (1990–2000) is the first stage of the web. It could be considered as read-only since there were few creators, and most users were consumers. Interactions were minimal.

Web 2.0 (2000 to present), aka the social web, coincides with the rise of user-generated content and social media platforms. It could be thought of as the read-write web. This version of the web is dominated by companies that provide services in exchange for your personal…