Web3
The vision of an internet owned by users rather than platforms — built on blockchains, wallets, and open protocols.
Web3 is shorthand for the next-generation internet: one where data, identity, and money move through open protocols and user-controlled wallets instead of corporate databases. Web1 was read-only, Web2 was read-write, Web3 aspires to read-write-own.
Building blocks
A Web3 stack typically involves a blockchain for settlement, smart contracts for logic, a wallet as your identity, and token incentives aligning users and builders. The terminal’s decentralization audits sit squarely in this vision.
Web3’s credibility gap
Not every “Web3” product is decentralized in practice. W3D exists to separate genuine decentralization from token-slinging marketing — scoring infrastructure, capital, governance, and software pillars rather than accepting hype at face value.
Related terms
Decentralization, Blockchain, DApp, Wallet, Token