What is Web3 and how is it different from Web2?

Web1 was built by companies and not by individuals ‘way back in the day’ when the internet just started.

Web2 is what we now know the internet to be: Google, Facebook, IG, eBay, clouds, Spotify (and, yes… porn). Basically, every app on your computer, phone, or TV that connects everyone in a centralized world wide web.

Web3 is built by individuals (and here at EQ, for individuals!) and decentralizes the world wide web with decentralized apps and decentralized finances (DeSo and DeFi). This “decentralization” means every individual can use the internet and build on it however each individual sees fit. And that’s both good and bad.

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