Frequently Asked Questions

Web1 is the read-only internet, Web2 is read-write, and Web3 is read-write-own.

Web 1.0 was the first iteration of the web, which lasted from 1989 to 2005. It is a “read-only” web, and users consume content. Most websites had static content, and the only interaction was to read and obtain information. Websites didn’t have much interactivity.

Web 2.0 started to rise with the appearance of social networks. The most significant change from the first paradigm is that, in the Web 2.0 world, you don’t have to be a developer to participate in the creation process. Tools and platforms quickly started to appear to allow anyone to create their content via blogs, websites, videos, social media pages, shares, likes, gifs, memes, and so on. However, the platforms used (like Youtube, Facebook, Instagram, et al.) were the ones that owned the content and monetized it.

Web 3.0 refers more and more to a truly open and decentralized Internet made possible by emerging networks such as Bitcoin, Ethereum, NEAR Protocol, and others. The key innovation of these networks is the creation of protocols and applications that no single entity controls, yet everyone can still trust. This opens up many possibilities to bring power back to the users and back to the Internet's core values: an Internet for everyone, owned by everyone.

Ultimately, Web 3.0 is about creating a more user-centric web where we retain complete ownership of our data, identity, and digital assets.

NFT stands for Non-Fungible Token. These tokens are unique digital assets and primitives of Web3 that are user-owned, verifiable, and living on decentralized blockchains.

A common misconception is to say that NFTs are digital art or collectibles. That’s a helpful shortcut, but the reality is that the NFT represents the ownership rights of that art piece or collectible to whoever holds that NFT. And so, NFTs can be applied to Digital Art, Collectibles, Certificates, and anything in the digital realm that requires proof of ownership or verification.

The rise of NFTs paved the way for digital ownership to emerge. Until now, digital ownership has always been challenging to address appropriately and prove. NFTs, because they are decentralized, and living on public blockchains, provide an immutable source of truth on digital ownership rights that hadn’t previously existed.

NFTs are a game-changer for the digital economy and can unlock tremendous value for all the stakeholders of the digital economy of the XXI century.

A blockchain is a decentralized and immutable ledger. The fact that the NFTs are issued on a blockchain allows for verifying the ownership of a specific asset in a decentralized manner, where you don’t need a centralized third party to confirm ownership.

Before the blockchain, users didn’t fully own digital goods. Instead, they always had to be stored in a centralized server by the provider of the digital asset. After its creation, the NFT becomes detached from the original issuer and truly becomes user-owned by being on a blockchain.