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Web 3.0 is Exciting and You Should be a Part of it

what is web 3.0 and why is it exciting?

We are seeing the beginning of things. Web 2.0 s broadband. Web 3.0 is 0 gigabits a second.

~ Reed Hastings 

Consider a new web that correctly translates what you enter and understands what you say, whether it is text, speech, or any other form of media. On this web, the information you consume is more personalized than ever before. Interestingly, we have reached the turning point of a new stage in the evolution of the web. Some early adopters refer to it as Web 3.0.  

However, before this blog talks about Web 3.0, one important thing is to understand what Web 1.0 and 2.0 mean.  

Web 1.0 and Web 2.0

Between 1990 and 2004, the web was mostly a collection of static sites. Some referred to it as “read-only.” There was no signing in, commenting on posts, or monitoring stats. Most of the early internet wasn’t even lucrative through advertising. Instead, it was one giant Wikipedia that was all connected through hyperlinks. This was Web 1.0.  

Next, we had web 2.0, which dates from roughly 2004 to the present. In this, we were not just collecting information from pages, but the web pages were also trying to get information from us as we browsed Facebook and YouTube and ran Google searches. Web 2.0 is the era of targeted ads and consumers’ loss of privacy.

Now comes the most talked about – WEB 3.0! 

Web 3.0 emerged from the natural growth of older-generation web applications. It is paired with cutting-edge technology such as AI and blockchain, user connectivity and increased internet usage. As a result, Internet 3.0 appears to be an improvement over its predecessors, web 1.0 and 2.0.

But, why is it exciting?

Let us find out!

  1. Ownership: As you browsed social networks in web 2.0, you were the product, but in web 3.0, many people believe you would be the author of your material. It will not store your uploaded work on a social network server. Instead, it would potentially be running on thousands of machines worldwide, guaranteeing that the blockchain networking site you’re using is neither attacked nor restricted.
  2. Monetization by Individuals: The goal of Web 3.0 is to restore the privacy of personal information. It builds on a rising movement to allow people choice over not only the ownership but monetization of their data. Instead of firms collecting data for free, Web 3.0 encourages consumers to select how they want to acquire and retain their data—and whether and how they want to sell it.

Key Features of Web 3.0 which makes it more exciting:

  • Its omnipresence through not just computers but other Smart Devices (IoT) 
  • Artificial intelligence eventually gives us the best and most unbiased data that it can 
  • Wolfram Alpha answers all our questions directly through computation without giving you a list of websites to look from

It would be naive to underestimate the internet’s future direction. Web 3.0 has ushered an era of organisation, exchange and communication unlike anything in the past. Don’t miss the exciting change Web 3.0 will bring to our lives with its enormous potential. FAANG corporations are making significant investments in interactive virtual reality, blockchain, and cryptocurrency; it’s time to grab this exciting opportunity and claim our own wins.

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