Web3

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Web3 refers to a proposed new decentralized web architecture built upon blockchains and related technologies such as cryptocurrencies to deliver a paradigm shift in the world wide web.[1]

The original concept and naming of Web3 came about in 2014 from Gavin Wood, a co-founder of Ethereum, who saw the blockchain as the key to what he would name "Web3". [1]
  1. 1.0 1.1 "Congressional Research Service. (2022). Web3: A Proposed Blockchain-Based, Decentralized Web (IF12075). Retrieved from https://crsreports.congress.gov/product/pdf/IF/IF12075/2