We are marching toward a future where people have absolute power and control over their data and privacy. Expanding impact of the blockchain system, artificial intelligence, machine learning, the semantic web, and virtual reality technologies lead us on this journey.
Web3 is a young and evolving ecosystem. Gavin Wood coined the term in 2014, but many of these ideas have only recently become a reality. In the last year alone, there has been a considerable surge in the interest in cryptocurrency, improvements to layer 2 scaling solutions, massive experiments with new forms of governance, and revolutions in digital identity.