Understanding the basics of Web3 for Beginners

Published
May 29, 2025
To read
minutes
Category
Web3
Written By
Alabi Mercy

Let's delve into this. Web 3 is a new generation of web technology that promises to revolutionize how data is stored and accessed online.

What is Web3? This is a huge question that sparks curiosity in many users.

Well, let’s start from Web2. In this era, you're still online. But the internet you’re using isn’t the same one it was built to be. Every click you make, every login, every form you fill, someone else owns it. You trade your data for access, and most of the time, you don’t even know what you’re giving away.

However, in simple terms, Web 3 is the next stage of Internet development, where users control their data more. Web3 can be seen in the following niches,

  • Blockchain
  • Cryptocurrency
  • Non-fungible tokens (NFTs)
  • Decentralized Finance (Defi)
  • Decentralized apps (dApps)
  • Initial Coin Offerings (ICOs)
  • And much more

So, what does that mean for you and me? Well, let's take a look.

What Is Web3?

Web3 is the next evolution of the internet, a decentralized network where users own their data, identities, and digital assets. Unlike Web2, where platforms control everything you create and share, Web3 uses blockchain technology to shift that power back to individuals.

It’s built on open protocols, not private servers. It allows for peer-to-peer interactions without relying on big tech intermediaries.

Web3 is the internet owned by users, not corporations or the government. It’s built on blockchains and decentralized networks that remove the need for middlemen.

Instead of logging into Google, Facebook, or any app through a central authority, you connect directly. With Web3, there are no gatekeepers and no silent surveillance; what we have is trustless systems that run on code, not promises.

If you think you are still not familiar with the concept, trust me, you’ve already seen fragments of it: People buying NFTs that live entirely on the blockchain, Developers building apps (dApps) without cloud servers, Smart contracts replacing legal paperwork and Decentralized finance (DeFi) giving people access to lending, staking, and payments without banks.

Web3 isn’t one tool or one platform; it’s an ecosystem where many activities are already happening.

Web2 vs Web3: What’s Different?

Web2 gave us interaction. Web3 gives us control. In Web2, platforms own your content. In Web3, you own your identity and data. A single breach in Web2 can expose millions of users. In Web3, your wallet address and private key protect you without a password.

Web2 was built around centralized platforms like social media networks, payment processors, and content platforms that offered convenience in exchange for control. Users could publish content, connect with friends, and build businesses online.

But every post, like, and transaction passed through a gatekeeper. These platforms stored your data, decided what stayed online, and monetized your activity, often without your knowledge or permission.

Web3 flips that structure on its head. Instead of platforms owning the network, users participate directly in it. You don’t just use an app; you help run it. Your data sits in your digital wallet, not on a private server.

Value moves through crypto wallets, not through banks. Web3 introduces transparency, verifiability, and user ownership as defaults. Web2 built audiences. Web3 builds communities that can own and grow what they create.

How Does Web3 Works

Web3 is the blockchain, a public ledger that records every transaction across a distributed network of computers. In Web3, every change is permanent, traceable, and transparent.

Let me break it down: Web2 is like renting an apartment. You live there, decorate it, and invite friends over, but you don’t own it. The landlord sets the rules, collects your data (rent), and can kick you out or raise prices anytime.

That’s how platforms like Twitter (X), Instagram, or YouTube work. You create content, but they control the space, the audience, and the profits.

On the other hand, Web3 is like owning your own home. You control who comes in, how it’s used, and what gets built. If you improve it, you capture the value. There’s no landlord tracking your every move, and the properties (your data, your content, your identity) are yours. You hold the keys.

Feature Web2 (Centralized) Web3 (Decentralized)
Identity Email + password stored on platform Wallet (e.g., MetaMask) that you control
Data Ownership Owned by platforms Owned by users (stored on-chain or IPFS)
Revenue Model Ads, user data monetization Token-based, creator-owned economies
Control Platforms decide who sees what Protocols are open-source and community-governed
Access Requires permission from third parties Permissionless — anyone can join or build
Censorship Content can be removed or throttled Resistant to censorship — runs on open ledgers
Payments Through banks, subject to fees and limits Crypto payments, direct and borderless

In Web3, no single server means no single point of failure. If one node goes down, the others keep running. Your data isn’t stored in a warehouse in Silicon Valley; it’s spread across thousands of machines worldwide.

Why Should You Care?

You might not be a developer. You might not trade crypto. But you use the internet, and how you use it is changing.

Web3 brings three things to your life:

  1. Ownership – Your digital assets, identity, and credentials belong to you.
  2. Privacy – No third party is tracking your behavior.
  3. Access – Financial services, digital communities, and platforms not limited by geography or gatekeepers.

This isn’t about becoming a tech expert. It’s about knowing the rules of the next era — so you’re not left playing catch-up.

What It Means for Business and Work

For founders and teams, Web3 unlocks new business models. You can launch tokens instead of equity, build communities that co-own your product, and let users earn by participating rather than just consuming.

For individuals, it’s a shift in how work happens. Your wallet becomes your resume, your contributions live on-chain, and your ownership in projects becomes liquid and tradable.

The freelance platforms, crowdfunding tools, and digital products of the future will not be built on Stripe and PayPal but will be powered by wallets, DAOs, and smart contracts.

How to Start Preparing for Web3

You don’t need to be a developer. You need to be aware. Web3 is already reshaping how people work, earn, build, and interact. Here’s how you start preparing, not with theory but with real action.

Set up your wallet

Start with a wallet like MetaMask or Phantom (for Solana). This becomes your digital identity, your passport in Web3. You’ll use it to log in, transact, and interact with decentralized platforms. No more email-password combos. You own the keys.

Learn by doing

Visit platforms like Mirror xyz (decentralized blogging), Zora (creator economy), or Farcaster (Web3 social). Connect your wallet and explore. See how signing in feels different. Notice what you control and what you don’t.

Get comfortable with crypto basics

You don’t need to buy crypto, but you do need to understand it. Learn how ETH or SOL works. Study how gas fees affect transactions. Learn what tokens do beyond trading for access, governance, and rewards.

Secure your assets

Your wallet is powerful, but it’s also your responsibility. Learn how seed phrases work. Use hardware wallets like Ledger for large amounts. If you lose your phrase, no one can help. That’s the trade-off of full control.

Follow the right voices

Web3 moves fast. Stay sharp by following founders, developers, and product thinkers, not hype accounts. Use platforms like Lens or Warpcast to join conversations outside the noise.

Experiment with ownership

Try minting an NFT. Join a DAO. Collect content on platforms like Paragraph xyz. Don’t just watch; make sure you interact. That’s how the shift becomes real.

The Future Won’t Be Centralized

Web3 won’t replace the internet overnight, but the signs are clear: people want more control, more ownership, and fewer intermediaries. That’s not a trend; that’s a direction.

If the first version of the internet was about publishing, and the second was about sharing, Web3 is about taking back control.

It’s not perfect. It’s still early. But if you’re building, investing, or participating in the future of the internet, you can’t afford to sit on the sidelines.

Conclusion

Web 2 brought people together online to create and share content. Web 3 takes that one step further by using blockchain technology to create a more decentralized internet where users control their data.

This opens up a world of possibilities for businesses and consumers alike. As Web 3 goes mainstream, we can expect significant changes in how we use the Internet over the next few years.

If you want to be ahead of the curve in this revolutionary new technology, now is the time to learn about it. Why not start with our free beginner's guide to Web 3?

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