Although defining Web3 is difficult, there are a few guiding concepts that govern its development, and a Web3 Developer Parkland can help you. Instead of significant swaths of the internet being managed and controlled by centralized companies, Web3 distributes ownership among its creators and users.
- Web3 is permissionless, which means that anybody can participate and no one is excluded.
- Web3 offers native payments: rather than relying on the outmoded infrastructures of banks and financial processors, it spends and sends money online using cryptocurrencies.
- Web3 is decentralized: instead than relying on trusted third parties, it runs through incentives and economic systems.
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