Web3 Foundation becomes WEF partner

The Web3 Foundation has been invited to become an associate partner at the World Economic Forum, Invezz learned from a press release.

On a mission to promote apps for decentralized web software

The Web3 Foundation’s goal is to nurture and promote bleeding-edge applications for decentralized web software protocols to deliver Web 3.0, a fair and decentralized internet where users control their identity and data and forge their fate.

The future of the internet

According to the Web3 Foundation, the internet of the future should be characterized by secure global digital transactions, control of personal data by users, not corporations, and decentralized online exchanges of information.

The partnership between the Web3 Foundation and the WEF is aimed at helping world leaders and their organisations understand the prospective global advantages of decentralization and underlying blockchain technology. An upcoming WEF Annual Meeting will run from the 22^nd to the 26^th May.  

About Web3 Foundation

Web3 Foundation funds research and development teams building the technology stack of the decentralized web. It was established in Zug, Switzerland by Ethereum (ETH/USD) co-founder and former chief technology officer Dr. Gavin Wood. Polkadot (DOT/USD) is the Foundation’s flagship project.

About Polkadot

Polkadot provides the technical advances necessary to make blockchain technology practical, accessible, scalable, interoperable, and future-proof, removing limitations and barriers to entry, and thereby fueling innovation, growing the decentralized technology space, and bringing the Web3 vision to life.

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