Connect with us

Trends

What is Web3 and will it change the Internet?

Web3 is another new buzzword that has got the internet excited, but what exactly is it? In this article, we will discuss everything

Published

on

What is Web3 and will it change the Internet?

Web3 is another new buzzword that has got the internet excited, but what exactly is it? In this article, we will discuss everything you need to know about Web3.

No doubt, Web3 refers to Web 3.0 – which could be the next generation of the World Wide Web. Its function would be to break the monopoly of the big tech giants and decentralise the Internet completely – thus returning it to its libertarian roots.

What is Web3

To a handful of believers, Web3 represents the next phase of the internet and, perhaps, of organizing human society. Web 1.0, the story goes, was the era of decentralized, open protocols, in which most online activities involved navigating to individual static webpages.

In retrospect, Web3 refers to a decentralized online ecosystem based on the blockchain. Platforms and apps built on Web3 won’t be owned by a central gatekeeper, but rather by users, who will earn their ownership stake by helping to develop and maintain those services.

 However, the sole purpose of a ‘third version of the internet, according to its believers, is weaving the various blockchain technologies – cryptocurrency, NFTs, etc – together to create a web that is less reliant on the five big technology companies.
What is Web3 and will it change the Internet?

What About Webs 1 and 2

You know the first web was actually the world wide web, started in 1989, that allowed humanity with technical know-how to put information online in a decentralised way. And it was consist of static pages which are poorly designed by today’s standards, gave information to users with little interactivity.

More so, Web2 was first named in a 1999 magazine article, is more or less the Internet we know now; it saw the development of easy-to-use tools that let anyone create content online. This, not just experts, but at a cost of centralising into the tech giants, we have today, such as Facebook and Google. Perhaps, do you noticed how Apple helped mediate our relationship with the web via the iPhone?

Web3, on the other hand, sets its own typographic trend by ditching the “.0” and a space and will allow the best of both worlds, say its supporters: easy-to-use, decentralised tools.

Importance of Web3 To Humanity

From the believer’s standpoint, there are three Importance of the rise of Web 3.0 on our lives;1. A more personalised browsing experience

Web 3.0 provides a far more personalised browsing experience for all of us. Websites can automatically customise themselves to best fit our device, location and any accessibility requirements we may have and web apps will become far more attuned to our usage habits.

2. Better search

As noted previously, the ability to speak in natural language with a search engine is incredibly powerful. The learning curve becomes almost non-existent, and the benefits extend far beyond the consumer; businesses will increasingly be able to take a more natural approach to the search engine optimisation on their websites, rather than resorting to tricky keyword strategies.

3. Richer app experiences

It isn’t just websites that will benefit from the multifaceted Web 3.0 – web apps will also start to offer far richer experiences for users.

Consider a mapping service like Google, which is now able to combine the basics of location search with route guidance, hotel recommendations and live traffic updates. This simply wasn’t possible in the Web 2.0 era.

Danger of Web3

The critics of Web3 has strongly been harsh about the process; the fear is that Web3 could usher in another form of digital landlordism as seen in NFT and Metaverse. And also the fear of having power moved into the hands of a new cabal of executives.

RECOMMENDED ARTICLEs

What are NFTs and how you can become a millionaire investing in them?

What is Metaverse, and how do you invest in it?

What is the meaning of the sci-fi term Metaverse of Mark Zuckerberg?

Advertisement