#Web3 is taking over... So get ready!

If you haven't heard yet, web3 domains are the newest members of the blockchain family and they've got the power to alter what we know of as the internet today. But before we get into all that awesome goodness, let’s take a step back to run through what traditional domains are and define NFTs — so you can really understand the superpowers behind web3 domains. Typically, you'll interact with a traditional domain when you type the address (like Twitter.com) into your browser. But did you know traditional domains were originally built to do so much more on the internet? Think of functionalities like email and payments. It'll take some time to get used to, but it's true. But as you can see, traditional domains have only progressed a little bit beyond displaying websites. This may be because these domains have been controlled by centralized servers since the internet was created. This made it much more difficult for developers to innovate on top of that technology. Luckily for us, the technology that powers web3 domains (a.k.a. blockchains) opens up a world of new possibilities for us on the web!

DAOs are network of people utited by idea of operating with smart contracts and blockchains. All token holders in DAO can vote and impact on key decisions

NFT (non-fungible token): a digital certificate of authenticity used to assign and verify ownership of a unique digital or physical asset. Unlike fungible tokens, NFTs aren't interchangeable.

What if web3 domains were actually a suite of smart contracts? This means that instead of one company controlling your data online, the power is transferred back to you as the user. And by being built on blockchains, anyone will be able to look at the data stored there, creating a level of ultimate transparency and openness. On top of that, there's the added benefit of enhanced security—only you have the power to make updates to your web3 domain, which minimizes worries about servers getting hacked or domains getting stolen. All of which is to say, blockchain superpowers give everyone a safer way to surf the internet while also giving you more control over what gets shared and where it gets shared.

Web3 doesn't harm personal information within the scope of its explained principles. Since the software for Web3 is programmed equivalent to high-security protocols, there is no command to change their minds. In this case, software is designed to be non-malicious software. In Web 2.0, some of the security of information is in the hands of people, and there is a risk of vulnerabilities. Web 3.0 is further along in terms of infrastructure and communication security on a more advanced technology.

Sure, Here some of them:
1. Ethereum - most popular blockchain platform for dAPPS
2. IPFS - a protocol and method of storing and sharing
3. Filecoin - decentralized storage network, where users can store and retrieve data on a distributed network of nodes.
4. Chainlink - a new oracle network for secure, reliable data feeds for your smart contracts.

Here are your domain’s superpowers:
1. Simplify crypto transactions by replacing all your complicated wallet addresses with your domain name as your username.
2. Login to apps with your domain name as your universal web3 username.
3. Unlike traditional domains, fully own and control your domain. You buy it once, you own it for life!
4. Easily create and host websites, ranging from personal websites to NFT galleries.

Ethereum is the world’s second-largest cryptocurrency and an open-source, community-driven blockchain that powers thousands of decentralized applications. Ethereum is a technology for building apps and organizations, holding assets, transacting and communicating without being controlled by a central authority.

There are a few and more are being created.
1. Blockchain networks (Bitcoin, Ethereum, Solana, Avalanche, Polygon, etc.)
2. NFTs
3. Cryptocurrencies
4. DApps = decentralized apps

Web3 is the future of the Internet, and Web2 is the present as you know it today. In fact, Web3 isn't exactly there yet, so we don't even know exactly what it will look like. However, thanks to cryptocurrency projects, we can paint a picture of Web3 and the components it could have - many of which have already adopted it. Thanks to blockchain technology, they are revolutionizing the world of finance. If the internet as a whole shifts in the same direction, it will have a huge impact on how we act and interact online.

In Web 3.0, every movement of people on the internet will be linked to blockchain accounts. In this system, only peer-to-peer data will be exchanged. Since the information will only go back and forth between two people, it won’t be under the control of third parties, and data security will improve. This is where cryptocurrencies and Blockchain come together. Metaverse projects work similarly. Everyone has to create their own cryptocurrency wallet in the system. Thus, all kinds of authority and control are at your fingertips.

The internet is currently controlled by Big Tech companies like Amazon, YouTube and Facebook - they hold knowledge, power and profit. Web3 instead plans to let it flow to the participants. Currently, the best way to achieve this is by using blockchain technology and a version of Decentralized Applications (Dapps).