The World Wide Web (henceforth referred to as the Web) is the fastest-growing publishing medium in the world. It is essential to stay up with technological advancements in order to maintain a competitive edge. The Web evolves in its own unique manner. Web 1.0’s static informational features were replaced by Web 2.0’s interactive experience. Web 3.0, the next evolutionary phase of the Web, has already begun.
What exactly is Web 3.0?
Twitter co-founder Ev Williams coined the phrase “Web 3.0.” This concept exemplifies the next stage in the evolution of the web, extending beyond Web 2.0 to depict a new kind of internet in which people and things are seamlessly integrated in ways that we cannot even fathom today. Web 3.0 is all about apps that are increasingly integrated into our everyday lives; it is about connecting people and things in meaningful ways.
How will Web 3.0 Function?
Sites and pages on the third-generation web will intelligently analyze user-provided data (through voice, text, or other media) to tailor content for each user. Different users will see the same material differently. As a consequence, data will become a common resource rather than the property of a single business. Twitter’s Senior Project Manager, Esther Crawford, told NPR that the social media giant is exploring ways to integrate Web3 principles into the platform, such as allowing users to tweet from a cryptocurrency account instead of a Twitter account.
Attributes of Web 3.0
The move from Web 2.0 to Web 3.0 is slow and mostly undetected by the general public. Web 3.0 apps have the same appearance and feel as Web 2.0 applications, but their backends are significantly different. The future of Web 3.0 will consist of universal apps that can be read and used by a range of devices and software kinds, hence facilitating our commercial and leisure activities.
The introduction of technologies such as distributed ledgers and blockchain storage, which will challenge Web 2.0’s centralization, surveillance, and exploitative advertising, will allow for the decentralisation of data and the construction of a transparent and safe environment. When decentralised infrastructure and application platforms replace centralized tech businesses, people will have complete control over their data on the decentralised web.
The “semantic web” is a crucial component of Web 3.0. Tim Berners-Lee created the word to describe a network of machine-parsable data. So, what does that literal translation entail? What precisely does the word “semantics” mean? What is the difference between “I love Bitcoin” and “I adore Bitcoin?”
Despite the changes in syntax, the meanings of both sentences are equivalent. In the foregoing instance, semantics is concerned with the meaning or emotion conveyed by facts, and both of these assertions express the same emotions. The semantic web and artificial intelligence are Web 3.0’s two pillars. The semantic web will aid in teaching the computer about the meaning of the data, enabling artificial intelligence to produce real-world use cases for the data.
Web 3.0 will have a big influence on the future of the internet as it transitions from a two-dimensional web to a more realistic three-dimensional cyber world. Web 3.0 websites and services, including e-commerce, online gaming, and the real estate industry, make considerable use of three-dimensional design.
Thousands of individuals from all around the globe are presently engaging at this area, however strange it may look. Consider online games such as Second Life or World of Warcraft, in which players are far more worried about the safety of their virtual avatars than their actual counterparts.
Websites will be able to filter and provide the most relevant content to consumers using artificial intelligence. In the Web 2.0 era, organizations have started to gather customer feedback to gauge the quality of a product or asset. Consider a website similar to Rotten Tomatoes that enables people to rate and review movies. Generally, films with a higher grade are referred to as “good films.” These types of lists allow us to bypass “poor data” and get directly to “good data.”
The phrase “ubiquitous” refers to the notion of simultaneously existing or being present in several places, also known as “omnipresence.” This functionality is already included in Web 2.0.
Consider Instagram, a social networking site that allows users to take pictures with their smartphones, share and distribute them online, where they become their intellectual property. The photograph becomes ubiquitous or accessible everywhere once it is uploaded.
What is Web 3.0 in Crypto?
When discussing Web 3.0, the phrase “cryptocurrency” is often used. This is the situation since several Web 3.0 protocols depend heavily on cryptocurrencies. Instead, it provides everyone who wants to assist develop, control, contribute to, or strengthen one of the projects a monetary incentive (tokens) (tokens). Web 3.0 tokens are digital assets associated with the development of a decentralised Internet. These protocols might provide internet services such as computing, bandwidth, storage, identification, and hosting that cloud firms previously offered.
For example, the Ethereum-based Livepeer protocol operates as a marketplace for video infrastructure providers and streaming apps. Helium, on the other hand, utilises blockchains and tokens to compensate consumers and small companies for providing and validating wireless coverage and sending device data through the network.
In a footnote, let us examine the benefits of Web 3.0.
Web 3.0 is the next major stage in the development of the Internet, providing us a better, faster, and more intelligent experience. Web 3.0 is built on a new set of standards that combine blockchain and artificial intelligence (AI). Users and investors who have invested in creative companies such as Uber, Airbnb, and Spotify will reap substantial benefits from this technology.
In addition, blockchain technology will help in the creation of decentralized apps, leading in an improved internet. The major purpose of this program is to facilitate transactions between users without the need for a mediator.