This report asserts that Web3 is not just a simple innovation at the application layer of the internet but a comprehensive evolution and systematic upgrade of the internet architecture as a whole. The World Wide Web (Web) provided a graphical and user-friendly interface for users to search and browse web pages, becoming the first successful internet application worldwide. From a narrow perspective, during the Web1.0 era, users could only passively browse web pages, while in the Web2.0 era, users relied on platforms to create and disseminate information. In the Web3 era, users have more autonomy in managing data and can derive value from creating internet content. From a broader perspective, Web3 aims to decentralize the internet and make it more secure by designing new technical protocols and building new infrastructure. It allows users to have control over their digital identities and assets, creating a truly data-centric economic system in the digital world. This integration of technological and economic systems promotes the fusion of the digital economy and the physical economy through collaborative innovation.
