What The F$#@ is Web3?! - The Forest

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What The F$#@ is Web3?!

I love the internet. Truly, madly, deeply. 🥰
(Yes, that was a Savage Garden reference)

I remember the pure fascination and excitement I felt discovering the web as a kid. The excruciating sound of AOL dialing up, greeting people with “A/S/L?” in chat rooms, collecting rare items in Neopets, pouring out my deepest emo thoughts in my Xanga journal, spending several hours a day redesigning my MySpace profile…and the list goes on.

I knew then that my life and my career, was going to involve the web somehow, I just wasn’t sure in what capacity.

That level of curiosity and that feeling of unlimited potential that I had back then is exactly how I feel about this new era of web3. And just like it was then…it’s a little complicated and confusing.

There is so much more to learn than what is included in this post, but learning these basics will help you build a solid foundation and, hopefully, create the momentum for you to get more involved in web3!

Web1: Read.

Simple, static web pages

Web2: Read + write.

Blogs, social media, user-created

Web3: Read, write, own.

True ownership of your own content
and assets

What is a blockchain?

In short: blockchains allow digital data and assets to be stored, and publicly viewable, but not editable.

Everything in the following slides is built on a blockchain.

Check out etherscan.io for examples of Ethereum blockchain ledgers.

What is crypto?

Cryptocurrency is a highly secure digital currency, which is not reliant on any central authority (i.e. a government or bank).

Crypto is typically used to purchase NFT’s, or held onto as an investment.

Examples: Bitcoin, Ethereum, Solana, Litecoin, etc.

What is decentralization?

In web3, decentralization refers to a system of interconnected computers that work together to provide private, secure, censorship-resistant access to information and services.

Blockchains, NFT’s, DAO’s, and Cryptocurrencies are all decentralized technology.

What is an NFT?

A Non-Fungible Token is simply a record of ownership of a rare asset; such as: artwork, music, animated objects, group memberships, domain names, and much more.

We are just scratching the surface of what is possible with NFT’s currently.

What is a DAO?

A Decentralized Autonomous Organization is similar to a company, but where every member of the DAO has an equal voice in decision making and profit sharing.

Typically, DAOs are founded by a group of people who have a shared goal or mission.

There is still a lot more to learn and explore in web3.

Let’s do it together.

➡️ Have questions about NFT’s, crypto, or web3 in general? Join our Discord and we will answer them! ⬅️

Rachel Zampino

Rachel Zampino

Lover of the internet since ‘93. 🔮 Patrolling the depths of web3 + bringing you along for the ride via The Forest! 🦉

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