> For the complete documentation index, see [llms.txt](https://bibmeta.gitbook.io/whitepaper.en/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bibmeta.gitbook.io/whitepaper.en/introduction.md).

# Introduction

<figure><img src="https://2475201441-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXu0I7lok6jbd7UNrkVxu%2Fuploads%2FgueweaF022oaiNyMH5zp%2FMicrosoftTeams-image.png?alt=media&amp;token=230a05f8-9de9-4f9e-a7e9-8b0219b711b6" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
In view of the flourishing cryptocurrency market and decentralized applications, the market is given a greater scope of future and imagination. Most notably of all, Web3 is becoming a phenomenal opportunity on par with bitcoin.
{% endhint %}

## What is Web3?

> Web3 is comprehensively defined as "a web that transforms the Internet itself into a pantheon of databases; cross-browser and hyperbrowser content delivery and requesting mechanisms along with artificial intelligence technologies; the semantic web; the geographically mapped web; websites built using 3D technology and even virtual worlds or cyber principalities".

> Understanding from a technical perspective, by all accounts "Web 1.0 is read-only, Web 2.0 is read-write and Web3 represents read-write with information". Whereas, when it is deemed from the perspective of the cryptocurrency market, Web3 acts as an ecosystem that comprises a series of projects such as DeFi, NFT, GameFi, etc. More precisely, users are able to set foot in Web3 by participating in these projects and seizing revenue opportunities from it.