Roadmap to Legal Implications of Web3

Abstract

The internet has undergone significant transformations over the past three decades, progressing from the early ‘read-only’ Web1 to the interactive ‘read-and-write’ Web2, and is now entering the era of Web3 marked by decentralisation, user-centricity, and transparency. In Web3, users transition from passive consumers to active participants, contributors, and owners of the digital landscape. Essentially, in this Web3 space, participants enjoy greater autonomy to create their own ‘society’ and engage in transactions.