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Web5 Fundamentals - A New Evolution of Web and Data Ownership
The 'Extra' decentralized web that puts you in control of your Data and Identity
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WEB5: AN EXTRA DECENTRALIZED WEB PLATFORM

The web democratized the exchange of information, but it's missing a key layer: identity. We struggle to secure personal data with hundreds of accounts and passwords we can’t remember. On the web today, identity and personal data have become the property of third parties.

Web5 brings decentralized identity and data storage to your applications. It lets devs focus on creating delightful user experiences, while returning ownership of data and identity to individuals.

Just when we were beginning to get a hand on Web3 and its attempts to popularize crypto-related projects, Block Head Jack Dorsey announced plans to build a new decentralized web centered around Bitcoin (BTC), and this largest blockchain network will play a major role in the internet’s evolution. The new project, called “Web5,” is part of Square’s TBD subsidiary, which is working on a suite of BTC-based solutions to help revolutionize the financial system. It will be the next step in the internet’s evolution, with the goal of removing third-party control over its customers’ data.

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