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Web3

Web3 is the label for applications built around blockchain-based ownership and payments, instead of the account-and-database model most of today’s web runs on. The name contrasts it with “Web 2.0” — the era of centralized platforms (social networks, app stores, cloud services) where a company’s database is the final record of what you own or posted.

On a typical Web 2.0 platform, your account, your in-game items, your posts — all of it lives in that company’s database. If the company deletes your account or shuts down, that data is gone. In a Web3 application, the underlying assets (tokens, NFTs) live on a blockchain that no single company controls — the app can disappear, but the on-chain asset itself doesn’t depend on the app staying online.

Strip away the buzzword and “Web3” usually just means three concrete things: connecting a crypto wallet instead of creating a username/password account, transactions that settle on-chain instead of in a company’s internal ledger, and assets you can move between different apps because they’re not locked inside one platform’s database.

SOLMEME’s core mechanics — holding tokens, the Vault’s key-combination rewards, on-chain Contracts — are Web3 by this definition: your holdings are recorded on Solana, not inside a SOLMEME-run account system, and you interact with them through a wallet, not a login.

Blockchain covers the ledger this all runs on; Solana covers the specific chain; Crypto covers the asset side.