Web1 was the internet of information. It enabled users to read and receive information.

Web2 is the internet of creation and sharing. It enabled users to read and receive information as well as write, create and share their own information.

Web3 is the Internet of value. It is powered by the tokenization of items, assets, services of all kinds, and the encoding of the rights and rules of ownership that apply to them, into a transparent yet secure system on the blockchain. It allows users to own, share and trade those items with anyone and everyone else in the world. All that is required is an internet connection and a device.