Basically, the name Web3 is term given by Gavin Wood, a cofounder of Ethereum. This next generation of internet will work by distributing an even amount of online power. It will also take off the responsobility to control giant technological platforms.
Just like the Ethereum, Web3 will be operating on the blockchain. But, there’s no need to worry, as utilizing the Web3 is almost similar to the way you operate the current internet version, the Web2.
The main concept of Web3 revolves around the idea of getting a token once you participate into it. Basically, the token is actually your permission of having an ownership with the things that you’ll be posting on social media.
Social Media Platforms Working with Web3
Almost all the big names in the internet world are planning to grasp the Web3 principle. However, not all accepted this new innovation. Let’s see below which one gets in:
This social media platform is already working its way to decentralization. Well, this step is actually one note closer to Web3. Twitter is planning to create a designated crypto group. This would serve as the core of all things such as blockchain and Web3.
Here are other social media platforms that also welcome Web3 features: