DAPP: A Framework for the Web3 Stack

As decentralized applications (dapps) continue to evolve, the tools needed by developers and users to make effective use of them have become more sophisticated. Trends such as decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), play-and-earn (P&E) gaming, and the metaverse are bringing new infrastructure requirements to the dapp development space. There is a new awareness and demand to access, operate, and store both on-chain and off-chain data in a decentralized and trustless way. 

These dapp trends collectively define what “web3” is today. Web3 is an idea born out of the dapps it is composed of. What makes dapps special is their use of blockchains, which allows anyone to participate without monetizing their data. Moreover, blockchains allow something that web2 lost as it became dominated by companies providing services in exchange for your personal data: decentralization.