Too Long; Didn't Read
Web3 is a new type of internet service built using blockchain technology. It remains decentralized using registries that use cryptocurrencies such as **Ethereum**. The growth of this technology has been exponential during the last year. Web3 can take all kinds of forms, such as decentralized social networks where a centralized organization cannot have direct access to your data. In 2021 venture capital firms invested more than**$27 billion** in projects related to cryptocurrencies, NFTs, and other types of crypto assets.