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Web2


While Web1 was focused on making information accessible to the public, Web2 — the current version of the internet we know today — is about creating and contributing. It has become the basis for the commercialisation of the internet, spawning significant applications, such as e-commerce, social media, and virtual communication platforms.

Web2 is occasionally referred to as the participative (or participatory) web, social web, or ‘read-write’ web, and this second generation of web services places a heavy emphasis on interaction, interoperability, and connectivity. It is also much more user-friendly and dynamic in comparison with Web1.

Characteristics of Web2 include centralisation; responsive, dynamic content; a wide variety of applications and interaction-based technologies like AJAX, JavaScript, HTML5, and CSS3; and high levels of user participation and user-generated content. Additionally, Web2 offers interoperability across different services, improved user interface and user experience from Web1, seamless communication, and proliferation of companies that provide services in exchange for personal data.

Applications include social media like Instagram, YouTube, and Meta (Facebook); blogging; voting, tagging; social bookmarking; and podcasting.

Key Takeaway

Web2 is the second version of the World Wide Web (WWW) — the current version of the internet — characterised by the shift from the static web pages of Web1 to dynamic or user-generated content.

Related Words

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Before you:

(a) pay Foris DAX Asia Pte. Ltd. any money or DPT; or

(b) pay a third party any money or DPT under an arrangement by Foris DAX Asia Pte. Ltd.,


you should be aware of the following.

  1. Foris DAX Asia Pte. Ltd. is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to Foris DAX Asia Pte. Ltd. or any other third party referred to above, if Foris DAX Asia Pte. Ltd’s or the third party’s business fails.1A. You should be aware that MAS does not supervise or regulate Foris DAX Asia Pte. Ltd. for the provision of unregulated services . This includes any service of trading digital payment token derivatives such as futures.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Foris DAX Asia Pte. Ltd.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that Foris DAX Asia Pte. Ltd., as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
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