Ultimate Guide to Web3 Companies

This post showcases what web3 is, where it came from, the most funded web3 companies, the newest web3 companies, the top venture capital firms investing in web3 and outlines common criticisms of web3

what is web3

An English computer scientist born in 1980, a guy named Gavin Wood, coined the term “Web 3.0” in 2014, a few years after the last Web 2.0 Summit that had ran from 2004–2011. The term morphed into web3 and spread like a California wildfire. As it spread it’s developed many meanings to many different people but the overarching theme is that it’s supposed to be a new internet with protocols and technologies that eliminate middlemen and protect freedom for businesses and consumers. Bitcoin launched in 2008 as a response to the financial meltdown, web3 has risen largely in response to monopoly gatekeepers like Amazon, Google, Facebook, Apple and Microsoft that control how we interact and transact with each other in the digital realm.

Mr. Wood is credible in the web3 space because he cofounded the ethereum blockchain and served as CTO of the Ethereum Foundation for two years. He’s an accomplished academic and computer scientist, with a PhD in human computer interaction and he served as a research consultant for Microsoft for four years. Wood went on to make another cryptocurrency called Polkadot which brands itself as a…