Who Invented Web3?

Gavin Wood is the one who coined the term Web3. He is the co-founder of Ethereum and Blockchain infrastructure company Parity Technologies. This web3 term was coined in 2014.

He gives a new version of the internet. Web3 is genuinely decentralized and the more democratic version of the internet. The main objective of this new version of the internet is accuracy, and data privacy is maintained in your own hands.

It’s an algorithmic thing; we can say in another way that everybody hosts it. The key technology used here is blockchain, and whatever transactions are carried out will be based on Cryptocurrencies.