Web3 incorporates elements of Web1 and Web2 with a focus on decentralisation and democratisation – new applications, technologies, and communities are being built around the idea of reclaiming power from companies and governments that reign supreme in a centralised world

The technologies underpinning Web3 are not necessarily novel, but they are evolving and being combined in new and exciting ways – distributed SaaS applications, digital asset tokenisation, Decentralized Autonomous Organizations(DAOs) all represent the next evolution of the internet

The Web3 community has grown rapidly, bringing with it a fresh mindset and branding that have become a focal point for SaaS operators and investors around the world – industry leaders like Reddit and Discord have announced new Web3 initiatives, while the topic has been at the centre of social media discourse for many of the top VCs and operators in the space