This article on Web3 is part of our Advanced Membership package. To enjoy unlimited access to The Long View from Vogue Business and bi-monthly Market Insights Reports and webinars, sign up for Advanced Membership here. 

Web3 — a simplification of the term Web 3.0 — refers to the third major evolution of the internet. It follows the introductions of e-commerce (or the first stage of the internet) and the advent of social media and user-generated content (Web 2.0) and is expected to be as disruptive and important to fashion, commerce and culture.