Web 3.0, also known as decentralized internet, is the future of the internet. After Metaverse, Web 3.0 is the most discussed topic in the internet community. As the name suggests, Web 3.0 is the third version of the internet focused on achieving real-world human communication with the help of artificial intelligence, machine learning, and blockchain technology.
Why Web 3.0 is Important?
The significant growth of cryptocurrency has proved that people aren’t comfortable sharing their valuable information with a centralized authority. They’re eagerly waiting for solutions that can truly secure their information while eliminating the need for dealing with centralized entities.
Right now, there’s a small group of tech giants including Microsoft, Apple, Amazon, Facebook (Meta), and Google that are monitoring all activities of users on the internet. The users are bound to accept all the terms and conditions of these companies if they want to use their services.
As a result, they lose control over their personal, financial, and business data. Moreover, the current version of the internet doesn’t truly provide freedom of speech to the users as the social media platforms immediately take action if someone publishes a piece of content against their policies.
Web 3.0 is going to remove all these limitations by providing users complete control over their data. The users will now get the freedom to share their thoughts on the internet without worrying about any restrictions. Moreover, the web 3.0 projects are going to compensate the users for the time they’d spend on the internet.
Evolution of the Web
Web 3.0 is an upgraded version of its predecessors. Having an understanding of different eras of the web makes it easier to determine how internet 3.0 is going to affect lives in the future. Over the years, the web has drastically changed. And the recent version of the web is a thousand times better than the previous one.
The web is divided into three different categories known as Web 1.0, Web 2.0, and Web 3.0. And Web 3.0 won’t be the end of this journey because experts have already predicted an upgraded version of Web 3.0 labeled as Web 4.0.
Web 1.0 (1989-2005)
Web 1.0 (the Static Web) was the early version of the internet that was used in the 1990s. Web 1.0 was the read-only web where the content was available in the text or graphic format with little to no user interaction. Those, who have used the internet in the early 90s, must be aware that there wasn’t an option for leaving comments on the articles.
During these days, the content was mostly produced by the web developers while the rest of the participants were just consumers. Finding the relevant information was quite a tough job because Web 1.0 didn’t use any algorithms.
Web 2.0 (2005-Present)
Web 2.0 applications provided free resources to the users so they may share their thoughts with the rest of the world. In this era of the internet, the companies collect the users’ data and share it with the advertising companies without the user’s permission. The user’s privacy is being compromised at this time.
These platforms may even ban the users from accessing their services if they don’t comply with the rules and regulations.
The bank applications are also part of Web 2.0. Thus, the users don’t have any control over their data/finances because the banks can seize their funds whenever they want. Even the government can ask the banks to seize the funds in case of political instability.
Web 3.0 is going to solve most of these problems while providing a better experience to the users.
Web 3.0 (Upgrading Gradually)
Web 3.0 is the upcoming version of the internet where machines will process information like humans with the help of Machine Learning, Artificial Intelligence, and other technologies. Decentralization and openness are the most distinctive features that differentiate between Web 2.0 and Web 3.0.
In the upcoming version of the web, the apps are going to be built on blockchains and the data will be stored in a secure way. Web 3.0 will even enable machines to create content and make decisions like humans. In this new universe, humans will be able to interact with machines and websites as they communicate with humans.
Web 3.0 is going to deliver the most accurate results after deeply interpreting the concept of the data. Most importantly, web 3.0 will break the monopoly of tech giants while allowing users to sell their own data to advertisers without compromising their privacy.
Key Features of Web 3.0
Some applications of web 3.0 are only launched in the market but the general public hasn’t noticed it yet because the look and feel of these applications are pretty much similar to those of web 2.0. However, these applications are providing better convenience in several commercial and leisure activities.
Web 3.0 is a combination of four key elements recognized as:
- Semantic Web
- 3D Graphics
- Artificial Intelligence
Semantic Web and Artificial Intelligence are the most important parts of Web 3.0. Humans use different phrases and terms to express their feelings. Semantic Web will help AI with creating real-world use cases of these expressions by decoding the meaning and emotions behind different phrases and terms. For instance:
- I Adore Bitcoin
- I <3 Bitcoin
A standard system considers these sentences as two different phrases but the Semantic web considers them the same as they both have the same meaning. The semantic web provides a better user experience by decoding the meaning and emotions of the phrases.
Web 3.0 is going to enable users to access the internet anytime anywhere. Web 2.0 has already introduced an initial type of Ubiquity in the form of Social media platforms as users can easily access the content available on these platforms.
Web 3.0 is going to introduce a range of smart devices that will be connected to the internet. The users will be able to operate these devices without having to use a smartphone or computer. Smarthomes are the early example of how Web 3.0 will make the internet available everywhere.
Web 3.0 is going to provide a real-world experience to its users with the help of 3D graphics. 3D graphics are already implemented in several gaming, e-commerce, and real estate applications. These applications have significantly changed the way how humans interact with each other on the internet.
World of Warcraft, Second Life, Decentraland, and Minecraft are some of the recent examples of the virtual web where users are more concerned about their avatars than their physical appearance.
Web 3.0 will bring an updated version of Artificial Intelligence that will be able to distinguish between good and bad. Nowadays, humans rely on reviews and feedback to decide whether a product/service is good for them or not. Web 2.0 has already introduced an initial form of Artificial Intelligence that shows results based on the user’s preferences.
The problem with the current system is that artificial intelligence ranks different products based on the positive reviews they’ve received. So, a group of people may manipulate the tool by leaving positive reviews for a product. In web 3.0, artificial intelligence will work in collaboration with semantic web to provide better results to the users.
Web 3.0 is the 3rd generation of the web that will provide freedom of speech to the users while securing their personal and financial information. The decentralized internet is going to provide users with complete control over their data. With its four key features, web 3.0 will completely change the way how humans interact with devices. If you need more information about web 3.0, feel free to get in touch with us.