Web 2 & Web3

	Web 2.0	Web 3.0
Information Processing	Read, Write	Read, Write, Ownership
Operating Entity	Major Platform	Network
Operational Authority	Centralization	Decentralization

Web2 and Web3 are two main concepts related to the development of the Internet. Although a full definition has not yet been established, there are some distinct differences between the terms.

Web 2.0

Web2 represents the phase when internet users shift from just consuming content to actively creating and sharing it, which enhances information exchange. It's a significant term in the evolution of the internet.

Popular platforms like Facebook, Twitter, and Instagram are commonly cited as prime examples of Web2. These sites have been crucial in promoting communication and spreading information, which has led to an explosion of user-created content.

However, the Web2 model, which revolves around platforms, has its challenges. Content creators often face restrictions imposed by platforms on how they own and make money from their content. Additionally, there are ongoing issues where users aren't fairly rewarded for their contributions, and their data is used for profit-driven purposes.

Web 3.0

Web3 refers to building a more personalized Internet environment by moving beyond centralized authority towards decentralization. The key distinction between Web2 and Web3 lies in who has the right to be rewarded for information. In Web3, the traditional content used by platforms in Web2 is transformed into a transparent reward system where individuals in the network can actively participate.

fanC is a project that links creators and users across both Web2 and Web3-based social platforms. It aims to merge social media with blockchain technology and user-driven reward services under the Web3 framework. Additionally, fanC offers users opportunities for participation and rewards, fostering interaction between creators and users. Through these efforts, fanC aims to establish a novel social economy ecosystem and deliver fresh value to users, positioning itself as a vital component of future social platforms and creator communities.