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Waking up to Web3

It has been touted as the next big thing, but what exactly is Web3? Emmet Ryan demystifies the jargon and goes in search of an internet model that offers real value for all users

Web3 is about making the internet not just open to everyone, but owned by everyone. Picture: Getty

It’s a simple question but one that perplexes even those working in the space. What is Web3? Colourful varieties of swearing usually precede any efforts from those working in the space to explain it to the layperson.

At its core, Web3 is about making the internet not just open to everyone, but owned by everyone. Every action you take and interaction you have online under the Web3 model is owned by you. If somebody wants ...