CryptoBox #13 - What Is Web 3.0 In Layman's Terms (Part 2)
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Hello Friends š In the last article, we talked about the Evolution of Web (Web 1.0, Web 2.0 & now Web 3.0) and the Core Ideas of Web3. You can go through this article below before we dive deep into Web3 - Web3 Ownership You may have come across games that allow you to collect gaming-related assets such as weapons, objects, and wearables by completing in-game objectives or by paying for these assets. The underlying problem with this arrangement is that these digital assets are stored on servers that belong to the firms that generated them, giving them complete ownership of the things you paid for or earned. They decide to shut down for any reason; all your earned assets get lost. With the introduction of blockchain technology, a new paradigm shift has emerged: you may now earn cryptocurrencies that you can exchange for in-game goods (weapons, objects, and wearables) or real money. You can now own these in-game assets through NFTs and sell them freely outside the platform.
CryptoBox #13 - What Is Web 3.0 In Layman's Terms (Part 2)
CryptoBox #13 - What Is Web 3.0 In Layman'sā¦
CryptoBox #13 - What Is Web 3.0 In Layman's Terms (Part 2)
Hello Friends š In the last article, we talked about the Evolution of Web (Web 1.0, Web 2.0 & now Web 3.0) and the Core Ideas of Web3. You can go through this article below before we dive deep into Web3 - Web3 Ownership You may have come across games that allow you to collect gaming-related assets such as weapons, objects, and wearables by completing in-game objectives or by paying for these assets. The underlying problem with this arrangement is that these digital assets are stored on servers that belong to the firms that generated them, giving them complete ownership of the things you paid for or earned. They decide to shut down for any reason; all your earned assets get lost. With the introduction of blockchain technology, a new paradigm shift has emerged: you may now earn cryptocurrencies that you can exchange for in-game goods (weapons, objects, and wearables) or real money. You can now own these in-game assets through NFTs and sell them freely outside the platform.