Evolution from Web1.0, Web2.0 to Web3.0
| Web1.0 (1990–2004) |
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| Web2.0 (2004 onwards) |
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| Web3.0 (2021 onwards) |
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| Web1.0 (1990–2004) |
Open protocols that were decentralized and community-governed |
Most of the value accrued to the edges of the network-users and builders |
| Web2.0 (2004 onwards) |
Siloed, centralized services run by corporations |
Most of the value accrued to a handful of companies like Google, Apple, Amazon and Facebook |
| Web3.0 (2021 onwards) |
Open-source protocols, but collectively owned through cryptoeconomics |
Independent of traditional organizations, code executed as written |
Values open source software, user ownership of data and permissionless access |
Source(s): Table by the authors