Wall Street

The Answers to All Your Not-So-Stupid Questions About Web 3.0

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InsideHook

By Kirk Miller We’ve explained NFTs like you were 12 (or like you were us, just as befuddled). We’ve broken down the metaverse into a three-word description. But can anyone really explain Web 3.0? Part of the problem is that Web 3.0, or web3 or Web3, is a bit nebulous. Gavin Wood, who helped develop the cryptocurrency Ethereum and currently helps run the Web3 Foundation, coined the term in 2014. It’s loosely the idea of a decentralized online system based on blockchain technology. Theoretically, there are advantages, as we’ll note below (no monopoly powers holding all your data, more transpare…

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