Summary
The Ethereum Foundation’s explainer frames Web3 as an internet owned by its builders and users rather than by platforms — decentralized, verifiable, and built on programmable smart contracts. It generalizes Nakamoto’s ledger from money to arbitrary applications and ownership.
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Why it matters
Web3 added programmable ownership to the decentralization story. The Independent Internet (Web 4.0) builds on it by adding control of the underlying compute and data — self-hosting, mesh networking, and post-quantum security on top of ownership.
Part of the AP0110.ORG source library. See the wiki overview.
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