14 Feb What Is Web 3 0? The Future of the Internet

The web3 version works on a decentralized principle offering complete control to the user. Web2 offers a dynamic user interface providing excellent user experience with real-time updation of the information. Web3, on the other hand, provides data control to the user making it more secure. However, as it is in the nascent stage, it might be slower than web2. A major advancement of Web2, the Web3 is the next-generation technology that wants a democratic and decentralized internet environment. An individual user can be an owner or shareholder, not a tech giant.

In this perspective, Web 3.0 can thus be viewed as a semantic and personalized version of Web 2.0. New Tech Forum provides a venue to explore and discuss emerging enterprise technology in unprecedented depth and breadth. The selection is subjective, based on our pick of the technologies we believe to be important web 3.0 development and of greatest interest to InfoWorld readers. InfoWorld does not accept marketing collateral for publication and reserves the right to edit all contributed content. But there are many more technical capabilities required for Web 3.0 solutions to deliver visibility, choice, and control over data.

Semantic web

Achieving the full promise of Web 3.0 will require Solid technologies and standards that enable interoperability and fine-grained access control within a distributed and compliant system. These capabilities serve to engender trust as people gain visibility, transparency, and consent over their data. The following criteria would be the kind of applications connected to the two versions. Web 2.0 applications include two-way websites, video websites, podcasts, and individual blogs. Web 3.0, on the other hand, encourages the development of smart applications by enabling them to use ML and AI characteristics. Web 3.0 applications that stand out include integrated gaming, 3D portals, and multi-user virtual environments.

The internet has evolved immeasurably from those early days, and it now has more than 5 billion regular users, roughly 63% of the world’s population. The future remains bright, and remains tied to blockchain and crypto, if you know where to look. The success of Axie Infinity in 2021 kicked off the play-to-earn mania, promising gamers the opportunity to make money from playing games.

Web 3.0 and Digital Marketing

I Their syntax may be different, but their semantics are pretty much the same, since semantics only deals with the meaning or emotion of the content. With Web3, creator communities of artists, writers, musicians, designers and developers will finally be able to bypass intermediaries and connect directly with their audiences and supporters. This will help them earn the bulk of any revenue generated in the process. One of the biggest gripes with Web 2.0 giants such as Facebook, YouTube and Spotify are that they don’t adequately reward artists and creators on their platforms for the visitors they pull in. To use a cinematic analogy, if Web 1.0 represented the black-and-white movie era, Web 2.0 is the age of color/basic 3D, while Web 3.0 would be immersive experiences in the metaverse.

Edge computing is a networking paradigm that focuses on placing processing as near as feasible to the source of data to decrease latency and bandwidth use. Edge computing, in simple words, involves executing fewer processes on the cloud and relocating them to local locations, such as a user’s PC, an IoT device, or an edge server. By bringing https://globalcloudteam.com/ processing to the network’s edge, the quantity of long-distance transmission between a client and server is reduced. Machine learning is also used to forecast human wants and behaviour by processing vast volumes of data in real-time. We now have intelligent network-connected gadgets everywhere thanks to the Internet of Things .

Semantic Web

Centralization has helped onboard billions of people to the World Wide Web and created the stable, robust infrastructure on which it lives. At the same time, a handful of centralized entities have a stronghold on large swathes of the World Wide Web, unilaterally deciding what should and should not be allowed. Web 3.0, or the Semantic Web, is a system in which data link everything—not just any data, but data that machines can understand. This information was previously hidden from visitors, but it has now been made available to employees and users to improve usability.

Significantly, web users could not interact freely because it was “read-only,” so any discussion was done offline. Permissionless – Anyone, including users and providers, can engage without the need for permission from a controlling organization. Hence, this third evolution of the web is an Internet where you will enjoy personalized interactions with machines and websites in the same manner as when you communicate with any other human.

Web3, Cryptocurrency and Blockchain

Web 2.0 has also been tremendously disruptive to certain sectors and industries to the point of being an existential threat. They either have failed to adapt to the new web-centric business model or have been slow to do so. Retail, entertainment, media, and advertising have been among the hardest hit. Web 2.0 has disrupted sectors that failed to integrate a web-based business model. Solidity is the most widely used language for blockchain programming, which is fundamental to Web3.

What is clear, though, is that Web 3.0 will place a strong emphasis on decentralized applications and probably make extensive use of blockchain-based technologies. It will also use machine learning and AI to empower a more intelligent and adaptive web. Web 3.0 is a more decentralized version of the web that focuses on openness and greater user utility. It is based on core concepts like decentralization, which makes it different from Web 2.0, which was built on centralized systems. Rather than code being written and controlled by a small group of experts, it was developed in full view of everyone as a lot of apps are built on blockchain.

Examples of Web 3.0 Applications

Web 3.0 is all about creating a more interactive and personalised web experience. It includes using data to customise the content, using artificial intelligence to provide recommendations, and allowing users to interact with each other directly. Virtual reality, on the other hand, is all about creating an immersive experience that feels real. By combining web 3.0 and virtual reality, we can create experiences that are much more personal and engaging than what is possible with either one alone. Searches are not sorted by keywords alone, and users and content creators have control of their data thanks to the decentralisation that blockchain brings. Some sectors, including architecture, online gaming, real estate, e-commerce, and tourism, have already used 3D graphics for product and service promotion.

• If you believe in the vision of the future, buying cryptocurrency is an easy way to gain exposure to Web3.
• This means that success continues to be determined by which companies can hoard the most data and not who delivers the best services.
• The exponential growth of Web 2.0 has been driven by key innovations such as mobile internet access and social networks, as well as the near-ubiquity of powerful mobile devices like iPhones and Android-powered devices.
• A major advancement of Web2, the Web3 is the next-generation technology that wants a democratic and decentralized internet environment.
• Much of Web 3.0 is already here, since blockchain and its applications are increasingly becoming a reality.