Written by

Anders Helseth

Vice President

10 May 2023

Web3 - the buzzest of buzzwords

People frequently misuse many words and their associations for a variety of purposes. The phrase 'Web3' has risen high on that list lately. Numerous companies and projects brand themselves as Web3 – but often, this could not be further from the truth.

In short

Web3 is a promise to revamp the power structures of the internet. Large companies control internet access and own the data on today's internet. On Web3, the users are in charge.

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