The Future of the Internet is Decentralized: Why Web3 Matters

Ujjwal Dhariwal
3 min readMar 21, 2024

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So, What IS Web3?

Web3 is the next stage of the internet’s evolution. At its heart, it’s about decentralization through blockchain technology. Think of blockchain as a super-secure, public record-keeping system that no single company or person controls. This is a radical shift from the way the internet currently works.

Busting the Web3 Buzzwords

You’ve probably heard terms like “crypto,” “NFTs,” and “the metaverse” thrown around in the same breath as Web3. It’s true, these things are connected, but Web3 is about so much more than buzzy headlines:

  • It’s NOT just about cryptocurrency. Sure, crypto is often the way you buy and sell things in the Web3 world, but it’s just one part of the big picture.
  • It’s NOT too complicated for the average person. Tech jargon can be intimidating, but the core ideas of Web3 are about empowerment, and they’ll get easier to use over time.
  • It’s NOT a fad. The drive for more control and transparency online isn’t going away. Web3 is the tech framework built to address that

Web3 in Action: Changing the Game

Let’s get concrete. Here are a few industries Web3 is already shaking up:

  • Finance: Imagine banks without the high fees and bureaucracy. Decentralized finance (DeFi) allows lending, borrowing, and investing directly, peer-to-peer.
  • The Creator Economy: NFTs (non-fungible tokens) let artists, musicians, and all kinds of creators sell their work directly to their audience, cutting out exploitative middlemen and keeping more profits where they belong.
  • Gaming: Play games where the cool armor or weapons you earn actually have real-world value you can trade or sell, even outside the game itself.

Web3: What’s In It for You?

This isn’t just about transforming businesses. Web3 holds the potential to give ordinary people a level of power the internet has never seen before:

  • True Ownership of Your Data: No more tech giants selling your browsing history to advertisers. Web3 puts YOU in control of what data you share and who you share it with.
  • Direct Monetization: If you create cool stuff online, Web3 cuts out the platforms skimming off the top, letting you connect directly with your fans and supporters.
  • A Voice in the Future: Many Web3 projects give you a say in how they’re developed and run. This means the services you use are shaped by the community, not just corporate boardrooms.

Taking the First Step & Learning More

Okay, you’re intrigued. How do you actually start exploring Web3?

  1. A Basic Crypto Wallet: Think of this like your email inbox for the Web3 world. Popular options include MetaMask or Coinbase Wallet.
  2. Explore Marketplaces: Sites like OpenSea or Rarible let you browse NFTs and see how creators are using this tech.
  3. Credible Resources: I recommend [Insert 1–2 good beginner-friendly Web3 websites or blogs].

The Road Ahead

Web3 is the future, but it’s a future still being built. There will be challenges along the way, but the potential for a more democratic, user-empowered internet is revolutionary. Want to stay ahead of the curve? Leave a comment with what aspect of Web3 most interests you, and subscribe for my future deep-dives!

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Ujjwal Dhariwal
Ujjwal Dhariwal

Written by Ujjwal Dhariwal

SDE at Infinite. Skilled in Java, Spring Boot, Batch, Kafka, React, Next.js, Gatsby, Monorepo.Passionate about development for impactful solutions.

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