Web 3.0 is one of the biggest technological revolutions going to happen in the coming years. This article tells you about web 3.0, web 3.0 companies, web 3.0 examples, web 2.0 vs web 3.0, web 3.0 metaverse, web 3.0 and blockchain, web 3.0 and metaverse, advantages of web 3.0, advantages and disadvantages of web 3.0, web 3.0 blockchain, and web 3.0 business opportunities.
You can have a glimpse of the Table of Contents to have a better understanding of the Article.
Table of Contents
- Entry of Web 2.0
- Web 3.0
- The reason behind the need for Web 3.0
- D.O.B | Pillars of Web 3.0
- Origin and Founder of Web 3.0
- Benefits of Web 3.0
- Earn Money by Watching Ads on Brave
- Do not forget to read this!
In the previous time, the Internet used to be treated like a digital newspaper where people come, read the content, and then go away from the platform. There was no option for interaction.
Entry of Web 2.0
After the era of the Internet being treated as a Newspaper, Web 2.0 came into existence and yes YouTube was also a part of the same. Web 2.0 is the same internet that we are using at present in 2022. Nowadays the options for interactions have been increased by a huge margin you can make your own content, interact with your fans via Instagram/ Meta Lives, share messages with each other and do video calls to each other.
Web 3.0
Over the past few days, Web 3.0 is one of the most trending topics across the globe. The first thing that should come to your mind after hearing about Web 3. o is why we need this when we have web 2.0 and are happy with the same!
The reason behind the need for Web 3.0
So here is your answer, At the present age of the Internet, only 2-3 Tech Giants are ruling over the internet and have their monopoly in the game. For example: google Controls 87% of the search over the Internet and you will be surprised after hearing that Meta (Previously known as Facebook) has now reached a userbase of 3.6 Billion each month.
Now the problem arises here is that who has allowed and given permission to these Internet Giants to control the internet. I hope that you are aware of that how these Giants use our data to show us personalized advertisements based on our interests.
Sometimes these advertisements are convenient but the Privacy invasion becomes an issue. Recently Apple has launched a new feature in ios 14.5 in which users can choose which app can track/her or not. This feature has become a trouble for meta, Facebook has estimated a loss of 10 Billion Dollars due to this feature.
Now The time has come which We as users will have whole control over the internet.
The next paragraph of the article will be consisting of The 3 Key components that are Decentralization, Open Source, and Blockchain.
D.O.B | Pillars of Web 3.0
Decentralization
Let’s start with Decentralization. The whole power of the Internet which is owned by the big giants is to be distributed among all.
Open Source
We are having a demand that Web 3.0 should also be open source in which anyone can come and make the modifications in the same as per his/her own convenience.
Blockchain
The third point is Blockchain. This is a very secure place to store your data and this will be in WEB 3. O, As the name states BLOCKS IN CHAIN, Data will be stored in different blocks which will be informed of chains. This technology is very secure and it is very hard to hack it.
Origin and Founder of Web 3.0
If you are into the cryptocurrency space then you definitely know about Ethereum (2ND Largest Cryptocurrency followed by Bitcoin). One of the co-founders of Ethereum Gavin Wood has introduced Web 3.0
Dr. Gavin Wood says that “Web 3. o is something different and is going to provide a great experience to users”
Also Read: Metaverse and Powerful Use Cases-2022 explained by Metaverse Tech Club
Benefits of Web 3.0
Anonymous single sign-on
The first benefit is ANONOMOYS SINGLE SIGN-ON
Whenever we browse the internet it happens frequently when we open a new site we have to create a new account to get access to the same or fill in the sign-in information again and again.
WEB 3.0 IS GOING TO SOLVE THIS PROBLEM.
In web 3.0 we will only have to create a username and we can access all websites by the same user id. This is going to be a time saver and a secured option.
Self Governing
The users of websites collectively can build rules and decisions for websites. A good example, in this case, can be Facebook, Like nowadays, Facebook sets rules for us in Web 3.0 you can reverse the situation. You will be able to set the rules for Facebook.
Censorship can also be removed in Web 3.0
Better Search Results
Many times it happens when we search or ask something from any virtual assistant like SIRI or Google Assitant we have to be particular to get our work done.
To make this process more streamlined and natural this feature comes in Web 3 in which we will be able to ask assistants in the way we ask for something from our friends.
SEO
Nowadays many businesses are investing huge money in SEO so that their product displays on top of Google Results. This problem will also be solved in Web 3 in which businesses will save their money and get their results ranked in an organic way.
Personalized Browsing Experience
When we use the internet, the website for all of us remains the same but when we talk about the ads they are personalized as per our own interests. Imagine, Your website changes according to your wanted experience to provide you with a better browsing experience.
Uninterrupted Internet Services
If you remember Whatsapp got down a few weeks ago and it became very difficult for all of us to manage our texts. Web 3 will solve this problem as we have told you that Web 3 will use Blockchain technology. So Any Big Service whether it’s Amazon, Facebook, or Snapchat will be divided into millions of blocks so if any single block gets damaged so our services will be going on smoothly without any interruption.
Earn Money by Watching Ads on Brave
Do you know when you browse with a Browser called “BRAVE”, you will earn money when you will see any advertisement? Till now in Web 2.0 when you see an advertisement on a site then the amount goes into the Pocket of the Advertising Company and Site owner You were not getting any benefit.
Web 3 believes that you should also get money for the advertisement you will see. This is not sponsored by BRAVE, We have only mentioned this for informational purposes.
Do not forget to read this!
This article is brought to you by the collective efforts of Metaverse Tech Club and Devansh Kaushal. You can follow us on Instagram.
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