Web 3.0

Web 3.0: The Future of the Internet

With advanced artificial intelligence and machine-based learning, Web 3.0 is designed to provide a more personalized, faster, and autonomous web experience. Utilizing cutting-edge technologies such as augmented reality, virtual reality, AI-powered search algorithms, and improved data analytics, Web 3.0 is set to change how we interact with the internet.

A Gradual Evolution

The internet of the 90s, created by Tim Berners-Lee, was initially intended to serve as a collaborative source for scientists to share their experiments. However, the rise of portals such as Yahoo, CompuServe, and AOL marked the beginning of Web 1.0, where governments, businesses, and individuals could use the internet and occasionally post material. Then, in 1994, Netscape introduced a web browser, leading to the dot-com boom and browser war.

Web 1.0 was primarily a one-way street, where a few content creators produced material for many consumers. Web 2.0, on the other hand, provided a forum where the web could be used to create software applications, and consumers could participate in the creation of content on blogs, social networks, and other platforms. As a result, social media venues and search engines evolved in the retail and advertising industries, leading to the extinction or struggle for survival of firms that failed to keep pace with the technology.

The business model of Web 2.0 is centered around consumer participation in developing new content and selling personal data to third parties for marketing purposes. As a result, the internet is overrun with centralized applications developed by companies like Amazon, Facebook, and Google, aimed at creating an audience, gathering data, and monetizing it through targeted advertising. However, this model leaves users vulnerable to manipulation by central authorities.

Web 3.0: Individual Sovereignty and Meeting Future Needs

Five years ago, Web 3.0, also known as the Semantic Web, was introduced as the next stage of the internet. Berners-Lee's vision of Web 3.0 is a web where machine content is processed human-like, forming a Global Brain with all data interconnected and understood both conceptually and contextually.

Web 3.0 aims to provide a place where consumers have individual sovereignty and require no permission from central powers to post anything. Decentralized blockchains in Web 3.0 would allow consumers to avoid an unfair and exploitative web, with proper compensation for their data and time. This web type would expand peer-to-peer information exchange by utilizing open-source software, IoT, and blockchain technologies.

Examples of Web 3.0 dApps include social network dApps like Sapien, Steemit, Sola, and e-Chat, DeFi (Decentralized Finance) Apps such as AAVE, IDEX, and EOSFinex, Insurance and banking dApps like AiGang, and Everledger, Streaming dApps like DTube, UjoMusic, and Theta EdgeCast, and gaming dApps like Cryptokitties, Zed Run, Splinterlands, and Alien Worlds.

In conclusion, Web 3.0 represents a significant step forward in the evolution of the internet, offering a more personalized, autonomous, and fair web experience. With cutting-edge technologies and decentralized systems, it promises to meet consumers' individual autonomy and future needs. It will be exciting to see how Web 3.0 develops and shapes the future of the internet.