Inside ‘Web3,’ Crypto’s Plan to Retool the Internet: QuickTake

Crypto enthusiasts don’t only dream of revolutionizing the world of money. They want to reinvent the World Wide Web. That vision, which goes by the name of “Web3,” is of a decentralized environment built on crypto technology in which swarms of collaborators take back control of the web from giant tech companies. It’s a threat that those tech firms -- including Facebook owner Meta Platforms Inc. and Twitter Inc. -- are starting to take seriously.

1. Why Web3?

The idea is this: The early web was composed of static pages of text and simple images. In what became known as ...