HomeBlogweb3Web3 Is Dead. It’s time for Web5.

Web3 Is Dead. It’s time for Web5.

Web3 has been put forward as the blueprint for the latest version of the Internet but it doesn’t exist yet.

That hasn’t stopped former CEO of Twitter and current CEO of Block, Jack Dorsey, skipping ahead and announcing plans to build a new decentralised Internet platform, coining the term Web5 for the first time.

The initiative will be based heavily on current blockchain technology, with Dorsey announcing plans to use the Bitcoin network to build the project.


What is Web 5?

WEB5 is an EXTRA DECENTRALIZED web platform. Building an extra decentralized web that puts you in control of your data and identity.

The web democratized the exchange of information, but it’s missing a key layer: identity. We struggle to secure personal data with hundreds of accounts and passwords we can’t remember. On the web today, identity and personal data have become the property of third parties.

Web5 brings decentralized identity and data storage to your applications. It lets devs focus on creating delightful user experiences, while returning ownership of data and identity to individuals.

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