Over the last several years Web3 or Web 3.0 has come to nominate two completely different but equally hazy visions of the future of the Internet.

Web 3.0

One, conceived and evangelized by Tim Berners Lee, the father of the internet, is an extension of the internet as a Semantic Web which basically envisions all the content being machine-readable. This promotes a standards-based approach to promote common data formats and exchange protocols, across the web.

The other, which is the main concern of this blog and conceptualized by Ethereum co-founder Gavin Wood in 2014, is a vision to decentralize individual services, both in terms of ownership and power, using technologies like blockchain, smart contracts, various cryptocurrencies, and non-fungible tokens.

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