👋 Hey Nimbus Community,

The new age of the internet is upon us - the Web 3.0!

But it also brings with it a new learning curve of terms, concepts, tech stacks, and slang!

If you’re feeling the FOMO, let’s get you up to speed with all things Web 3…Basics first!

So, the word of the day is - Web 3.0.

The "Web 3.0" term was coined by Tim Berners-Lee, who originally named it the “Semantic Web.”

The 🏗 pillars of Web 3.0 include - permissionlessness, trustlessness, decentralization (open), portability, and composability.

The evolution of the Web:
✅ Web 1.0 - Myspace and Livejournal
✅ Web 2.0 - Uber, Airbnb, Facebook
✅ Web 3.0 - Bitcoin, Ethereum

What sets Web 3.0 apart from Web 2.0?
While the ERA or Web 2.0 was driven by the advent of 📱 mobile and socialization and ☁️cloud, Web 3.0 is primarily being built across new layers of technological innovation, including - 🤖artificial intelligence, ⛓ decentralized data networks, and 🖥 edge computing.

In Web 2.0, personal computer hardware was commoditized in data centers. In Web 3.0, the data centers are spread right until the edges and often right into the✋hands of the distributed users.

What makes up Web 3.0?
🌟 Decentralized Finance (DeFi)
🌟 Decentralized Autonomous Organizations (DAOs)
🌟 Play-to-Earn (P2E/GamFi)
🌟 Non-Fungible Tokens (NFT)
…and so much more!