> For the complete documentation index, see [llms.txt](https://sinceredogedao.gitbook.io/sinceredogedao/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://sinceredogedao.gitbook.io/sinceredogedao/web3.md).

# Web3

### ***What is Web3?***

Web3 is the future of the internet.The vision for this new, blockchain-based web includes cryptocurrencies, DAOs & governance, GameFi, decentralized social media, self-sovereign identify, layer 1 and layer 2 infrastructure, bridges,decentralized finance, and more. It offers a read/write/own version of the web, in which users have a financial stake in and more control over the web communities they belong to.

Web3 will create new economies, new classes of products, and new services online; that it will return democracy to the web; and that is going to define the next era of the internet. Like the Marvel villain Thanos, Web3 is inevitable.

### ***Status of Web3***

Ethereum is the clear leader, but faces competition. Ethereum dominates web3, but plenty of competitors are working to add more options. Developers of blockchains like Solana, Polygon, BNB Chain, Avalanche, and Fantom are angling for similar success.

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