Web3 Foundation

The Web3 Foundation is a Swiss-based foundation dedicated to the advancement of Web3 technologies. Web3 is seen as the next era in computing that will focus on the decentralization of the web, the exchange of value online and users owning their data. Founded by Gavin Wood, the former CTO and co-founder of Ethereum, Web3 publishes research on cryptography and other blockchain-related fields and provides grants for web3-focused startups and blockchain projects. The Polkadot blockchain is one such project.

Discover more terms

Related Cryptopedia

Web3

The term Web 3.0 refers to a vision of the third generation of computers...

Snapshot

A snapshot means a snapshot of the distribution of all tokens of...

Sharding

Sharding is a mechanism used to divide a blockchain network...

Poap (Proof of attendance protocol)

Poaps are a special kind of NFTs. You can see it as...

Proof-of-Work (POW)

Proof of Work (PoW) is a blockchain consensus mechanism first...

TRC-20

TRC-20 is a smart contract standard for token...

Related blogs

01 - 05 - 23 Yoren

Consensus Mechanisms: What Are They and What Are the Pros and Cons for Each Different Method?

Discover the consensus mechanisms in the world of blockchain and cryptocurrency: PoW, PoS, PoA, DPoS, PoC, PoET, and PoB.

30 - 03 - 23 Bart

What are ZK-rollups en why are they so significant?

Lately, we've been hearing more and more about zk rollups as the ideal solution to Ethereum's scalability problem. Learn more about ZK rollups and why they matter here.

Cryptopedia: Web3 Foundation