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A name for internet services built on blockchains, where users own their assets and data. Ethereum co-founder Gavin Wood coined it in 2014.
A lot of Web3 people think, “Why are these institutions so slow? We buy stuff in a second. Why do they have to think about it for a year?” But I think it's important to have these places with time horizons in the hundreds to thousands of years.
Rafaël Rozendaal, Rafaël Rozendaal on a Liquid Canvas
Sometimes with Web3, there's such a tendency towards disruption and innovation and everything new that we forget that some of these ideas and efforts have been around for a while, and a lot of meaningful ideas have already emerged.
Lauren Lee McCarthy, Lauren Lee McCarthy on Software Values