web3/concepts/web3.md

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# Web3
An umbrella term for a variety of endeavours to integrate [crypto assets](cryptoasset.md), [NFTs](nft.md), [DAOs](dao.md), [DeFi](defi.md) and [smart contracts](smart-contracts.md) into existing web infrastructure.
It is important to be aware that Web3 both lacks a precise definition and has become an intellectual nexus for grand visions of technical and financial reconfiguration.
## References
1. Morozov, Evgeny. 2022. Web3: A Map in Search of Territory. The Crypto Syllabus. 13 January 2022. https://the-crypto-syllabus.com/web3-a-map-in-search-of-territory/.
1. Levine, Matt. 2022. Web3 Takes Trust Too. 10 January 2022. https://www.bloomberg.com/opinion/articles/2022-01-10/web3-takes-trust-too.
1. OReilly, Tim. 2021. Why Its Too Early to Get Excited About Web3. OReilly Media. 13 December 2021. https://www.oreilly.com/radar/why-its-too-early-to-get-excited-about-web3/.