Thread by @Manthan_1997

What is Web3?
A thread where I have included, Blockchain, Smart Contract, Crypto, NFT, and Wallet and tried to compare them to real-world entities, so you can understand them easily

#Web3 #Blockchain #Bitcoin #NFTCommunity

1/ Think Web3 as the most fertile land you have ever seen where you can grow your own fruits by planting seeds, Build your house, start a family, and everything else, with no restrictions all clean and transparent

2/ Think of Blockchain and Smart contracts as the stone and the cement, using you going create and discover new things like Houses, Buildings, offices, roads, runways, and XYZ things you can imagine of, its the pillar of your comfort

3/ Think of Cryptocurrency as metals, Like gold, Silver, and Diamonds, Iron (Coin) comes from STONES, and later using that we can create ornaments, utensils, and tools, (Tokens), the value of these mental totally depends on their rarity and utility, same goes for crypto

4/ Think of NFT as a Keys of ownership, if you have the key house you are the owner, tickets to your movie, a Subscription to your gym, and much more, so you can own it or transfer it to someone you want the value will stay the same

5/ Think wallet like a Lockers, where you keep all your keys (NFTs), and metals (Crypto) together as they are safe there, because it is password protected, as you have created the password, and you know nobody can open it as only you know the password of it