WEB 3.0 impact on the business and legal issues

The definition of WEB 3.0 and what is important to know about it

Web 3.0 (Web3) is an idea of a version of the Internet that is based on the concepts of openness, decentralization, and changing the course of “internet ownership”. It also uses distributed registry (DLT) and blockchain technologies that ensure decentralization. The separation into periods has been gradual and each has its own distinctive features that make it possible to divide it into periods.

The basic concepts of Web3 were outlined by Jason Calacanis, the head of Netscape. It appeared in the aftermath of the promotion of the idea of dividing eras of the Internet into “versions”. Therefore, it is natural that first there were Web1 and Web2.

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