Current standards of Web2 + :
-Digitally scarce assets
-Hot wallets
-person to person trading of digitally native assets
-BIP39 and or PGP encryption

-Allows devices to function as nodes
"Web3 is lit as fuck" - Web3 users
by jokes and stuff June 6, 2019
Get the Web3 mug.
The future of web technology intended to bring in a new generation of the Internet. Based on ideas around an Internet that is decentralized and based on peer-to-peer technologies such as public blockchains.
"Yo my startup is struggling to get off the ground."
"You should reconsider building it on Web3 technology."
by KhunSing December 9, 2021
Get the Web3 mug.
A slogan used by people centrally printing tokens in control of various projects and networks that they are trying to portray as decentralized without actually designing it that way, just so for profit they can trick people into thinking it's somehow a new type of web. In reality control over it is always fully centralized making it indistinguishable from web as we know it as it still relies on trusting a central authority.
Yet again, the central party that premined almost the entire supply of a web3 project called Ethereum confiscates users funds, changes many rules practically overnight, and there is 0 anyone can do about it. How embarrassing to fall for scams called web3!
by Satoshi1337 August 24, 2022
Get the web3 mug.