Web3
Web3 is an evolution of the web based on blockchain and decentralisation. The idea, attributed, among others, to Gavin Wood, co-founder of Ethereum and Polkadot, is that of a web in which users control their own data and digital assets without depending on a few central intermediaries.
While the current web is largely based on centralised platforms, Web3 uses technologies such as smart contracts, decentralised applications or dApps, decentralised autonomous organisations or DAOs, NFTs and cryptocurrencies, that is, crypto-assets.
Themes associated with Web3 include managing digital identity on the network and in NFT domains. Web3 is a set of evolving technologies and projects which involve specific risks, both technological and linked to the crypto-assets involved.
Disclaimer: Young Platform does not offer all the products and services mentioned in this entry. Many of the tools and protocols associated with Web3 – including dApps, DAOs, NFTs, and DeFi protocols – do not fall within the scope of crypto-asset services regulated by Regulation (EU) 2023/1114 (MiCAR) and are not subject to the corresponding regulatory protections. For details on the services actually provided by Young Platform, please refer to the General Terms and Conditions.