What is Web 3.0, and Why Should We Care?
In 1990, Berners-Lee pioneered the early development of the Internet and ushered in the era of Web 1.0. This was the age of static web pages retrieved from servers, a far cry from today’s slick content.
Over the past 15 to 20 years, Web 2.0 replaced the static web pages with interactivity, social connectivity, and user-generated content. The internet has become a massive app store, dominated by centralized giants in which everyone is trying to build an audience, collect data, and monetize that data through targeted advertising.
Indeed, Web 2.0 represents successive, advanced iterations of the original Web 1.0 of the 1990s and early 2000s.
But is this the twilight of Internet development?
Web 2.0 led to the creation of massive volumes of data and content, which are largely controlled by a small group of tech giants. This is creating privacy issues, and their stricter norms are creating controversy over free speech.
What’s more, all terms and conditions must be accepted to use the Internet services offered by these companies.
Web 3.0. can overcome these problems.
While, Web 2.0 is the current version of the centralized web, Web 3.0 represents its next phase. It will be decentralized, open, and of greater utility.
This third version of the internet will have more transparency and boast massive content that will be accessible to all. Additionally, Web 3.0 is believed to be more user-specific, which will ensure data security and privacy while avoiding the risk of Internet hacking and fraud.
Why do we care?
Web 3.0 is built on blockchain, with its crypto and metaverse use cases It is a fast-moving technological shift that, once realized, will enjoy well-deserved attention in the middle and long term.
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