Web 3 Review b (b ( What is Web 3? b (b ( 2025 Global Crypto Adoption Index b (b ( L2 ecosystem tracker b (b ( State of Crypto 2024 – Products: Metamask
Web 3 is the idea that the web should feel less like a commodity owned by a few landlords and more like a bustling marketplace where you actually hold the keys to your shop. It’s built on blockchains (a shared database with receipts), smart contracts (code that behaves like fine-print vending machines), and tokens (digital assets that can represent money, membership, or a picture of a rock you swear by).
what is it A decentralized web stack where apps consist of smart contracts, data resides on public ledgers or decentralized storage, and users log in with a wallet instead of a password. You keep assets, identity and history in your pocket (well, in your wallet).
Is it still relevant? yes Hype waves come and go like the seasons, but the real use remains complex – payments, stablecoins, games, defies and identities. It’s less “gold rush,” more “infrastructure quietly improving.”
Pros and Cons Pros: User ownership, programmable amount, open APIs by default, permissionless innovation. CONS: UX can be “expert mode”, scams exist (use reputable tools and never sign mystery transactions), and fees/latencies vary by network.