Home / Glossary / Web3 Foundation

Web3 Foundation

Web3 Foundation is a blockchain company that was developed to promote emerging decentralized web software protocols, technologies, and applications. Web3 Foundation's mission is to empower individuals and organizations to build a decentralized web that is more accessible, resilient, and transparent.

Web3 Foundation was founded in 2017 by a group of individuals who are passionate about building a better internet. Web3 Foundation is a non-profit organization that is funded by grants and donations. Web3 Foundation's team is distributed all over the world and is made up of developers, designers, writers, and more.

Web3 Foundation's goal is to build a decentralized web that is more accessible, resilient, and transparent. To achieve this goal, Web3 Foundation is working on a number of projects, including:

- Polkadot: Polkadot is a protocol that enables different blockchains to interoperate with each other. Polkadot is being developed by Web3 Foundation and Parity Technologies.

- Substrate: Substrate is a toolkit for building blockchain applications. Substrate is being developed by Parity Technologies.

- Ethereum Foundation: The Ethereum Foundation is a non-profit organization that supports the development of the Ethereum protocol and ecosystem.

- Interchain Foundation: The Interchain Foundation is a non-profit organization that is building protocols and tools to enable interoperability between different blockchains.

Web3 Foundation is also working on a number of other projects, including:

- WebAssembly (Wasm): Wasm is a web standard that enables high-performance applications on the web. Wasm is being developed by the WebAssembly Community Group.

- Decentralized Identity (DID): DID is a decentralized identity standard that enables individuals and organizations to have control over their own data. DID is being developed by the W3C Decentralized Identity Community Group.

- IPFS: IPFS is a decentralized file storage system that enables individuals and organizations to store data in a decentralized way. IPFS is being developed by the IPFS Community.

Web3 Foundation is committed to building a better internet for everyone. If you are interested in learning more about Web3 Foundation or getting involved in our work, please visit our website or contact us.



27 Dec 2023

Share this glosssary
bannar