The latest Internet technology, Web 3.0, combines machine learning, artificial intelligence, and blockchain to enable real-time human communication. The icing on the cake is that web 3.0 gives consumers control over their data and rewards them for their time spent online.
Does it appear to be too good to be true? Welcome to the future of the Internet.
What exactly is Web 3.0?
Web 3.0 is the third generation of internet services for websites and applications, focusing on offering a data-driven and Semantic Web that uses machine learning to analyze data. Web 3.0’s ultimate goal is to make websites that are more intelligent, linked, and open.
Trends and Statistics
- The top Web3 crypto networks have a total market valuation of $27.5 billion.
- So far, 438 Web 3.0 startups have raised over $4.5 billion in funding.
- Polkadot has the highest market valuation of any Web3 token ($17.48 billion).
- In the United States, up to 54% of customers had never heard of “Web 3.0.”
- The word “Web3” is foreign to 79 percent of American adults who do not possess cryptocurrency.
- Men are far more likely than women to be aware of Web3.
- Consumers who have heard about Web 3.0 believe it will boost their happiness and wellness by 81 percent.
- Only a few people will gain from Web3, according to 41% of those who are aware of it.
- Web 3.0 should be regulated even more strictly than the Internet is now, according to 43% of users.
Web 3.0 includes four distinct characteristics:
to have a more profound knowledge of the complexities
Nuances of Web 3.0
Pervasive Semantic Web 3D Graphics
Web 3.0’s Benefits
- By adding extra data, the semantic web will aid in online data network.
- It is expected to be more trustworthy. Web 3 point 0 will give companies and consumers more options. Decentralized networks will ensure users maintain control over their online data. The future version of the web is expected to be more dependable.
- It usually has a very professional appearance.
- Internet personalization, to a greater extent
- Because Web 3 point 0 will recognize your preferences, you will be able to personalize your online browsing experience substantially. This will also help you be more productive while surfing the internet.
- Web 3.0 will help suppliers sell their products more effectively.
- With Web 3 point 0’s artificial intelligence, sellers can comprehend your purchasing requirements and present the things and services you are interested in purchasing. As a result, you will see more relevant and better advertisements that are more likely to be helpful to you.
- It will be helpful to all parties involved.
- Services are unaffected. Users will not have to worry about their accounts being suspended or services being disrupted for technical or other reasons. All data will be retained on distributed nodes due to the decentralization.
- The control of a single entity is not required in Web 3.0. More giant corporations may lose complete control of the internet. As a result, dApps (decentralized apps) cannot be screened or controlled.
- The presentation has improved.
- Exploring the internet is a more effective method.
- The correspondence is intriguing.
- Search results that are more sufficient and exact are needed to change the human partnership.
- Working on the internet is becoming easier as it becomes more personalized.
- It is now simple to share data.
Web 3.0’s disadvantages
- Less advanced devices will be unable to access Web 3.0.
- Web 2.0 sites will appear to be much older.
- Regulating is challenging. Some observers feel that decentralization will make Web 3.0 more challenging. This could lead to increased cybercrime and online abuse, among other things.
- There are concerns about ownership. According to former Twitter CEO Jack Dorsey, regular people will not be the owners of Web 3.0 enterprises. Venture capitalists and financiers will own it. Command and control may remain centralized.
- It’s difficult for newcomers to understand.
- The technology has not yet fully prepared it.
- Information about a user’s public and private life is easy to get.
- There will be more time spent on the internet.
- Policies concerning privacy are required.
- Faster CPUs will be required for Web 3.0. Older devices will be incompatible with Web 3 point 0. As a result, you’ll need a device with above-average hardware to use the future version of the internet.
- Owners of existing websites will be required to update their sites. As Web 3.0 apps and websites become more popular, incumbent businesses will be compelled to improve their digital services to risk losing market share.
- It is now easier to access one’s personal and political data. Web 3.0 is a vast and interconnected network. Although this is one of its benefits, the neural network makes it easy for anybody to access the public and private information you supply online. This compromises privacy.
What is the distinction between web 2.0 and 3.0?
There are numerous differences between web 3.0 and web 2.0. However, a critical aspect of web 3.0 is humanization, or the ability to think. People produce and share material with others using web 2.0 (where we are now) by labeling, categorizing, and other means. However, web 3.0 (including the semantic web, AI, and machine learning) thinks autonomously and connects users to the most relevant and correct information.
What are the features of Web 3.0?
The following are the five key aspects of Web 3.0:
- Web with semantics
- Intelligent machines
- Graphics in 3D
The new internet will provide a more personalized and personalized browsing experience, a smarter and more human-like search assistant, and other decentralized benefits, all of which contribute to a more egalitarian web. This will be accomplished by giving each user control over their data and improving the overall experience through a range of improvements applied once the system is in place.
When Web 3.0 hits, the internet will become more integrated into our daily lives, which is tough to conceive given how smart devices have already influenced our behavior patterns.
Today’s typically offline machines will become part of the IoT economy, interacting with its autonomous servers and decentralized applications (DApps) and advancing new digital realms like blockchain and digital assets to power a slew of new tech “miracles” for the twenty-first century.
Marco Shira is a technical content writer and editor who has generally written technology-based blogs and articles for 4 years. He has a few published pieces on mobile applications, and data science, which consist of proven techniques, future costs, and benefits.