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The European Crypto Initiative (EUCI) has announced the launch of the inaugural Future Web3 Experts Summer School of Law. This program offers a comprehensive examination of Web3, focusing on digital trust and ownership facilitated by blockchain technology.
According to EUCI, the Future Web3 Experts Summer School of Law was held on July 7th and 8th, 2024, in Brussels. The event provided law students and early-career professionals with an in-depth exploration of blockchain technology and its regulatory challenges. Attendees delved into Web3, which introduces decentralized digital trust and ownership through blockchain, diverging from traditional centralized systems. The program featured expert-led lectures on various topics including EU crypto regulations, blockchain essentials, token classification, governance, and financial applications. Highlights included sessions on MiCA regulations, decentralized autonomous organizations (DAOs), and the use of blockchain in finance.
Web3 is a term introduced by Ethereum co-founder Gavin Wood in 2014. It refers to technologies aimed at creating a decentralized, trustless, and permissionless internet using blockchain technology. According to EUCI, it builds on the evolution from Web1—a ‘read-only’ web where users had minimal interaction and content control—to Web2, which introduced user interaction through social media but retained centralized control and monetization by platform owners. Web3 addresses these limitations by promoting true ownership of content and reducing intermediary influence. It leverages distributed ledgers, cryptography, smart contracts, and common APIs to create a decentralized digital economy that empowers users to own, share, and trade digital assets globally.
