Web3 promises to decentralize the internet by removing gatekeepers and giving users control over their data and digital assets. Powered by blockchain, Web3 enables smart contracts, token economies, and decentralized applications (dApps) that operate without centralized servers. But with hype often outweighing understanding, many still ask: Is Web3 the next evolution or just a niche trend?
This post explores the foundational principles of Web3 and the real-life use cases being tested, from DeFi (Decentralized Finance) to NFT-based memberships and DAO (Decentralized Autonomous Organization) governance. It discusses both the potential and the pitfalls—like scalability issues, regulatory hurdles, and environmental impact—and offers a balanced outlook on whether Web3 will redefine the internet or evolve into something entirely new.
