Tech has always been a very diverse and fast-paced field, but there has never been a time where tech is changing at the speed it is now. In the previous several months you must have been hearing a lot about the blockchain and Web 3.0, but what exactly is it? Web 3.0 is one of three phases of the internet, succeeding Web 1.0 and Web 2.0. To understand what Web 3.0 is one must look at the history of the internet.
Web 1.0 was the first phase of the internet. During this phase, the internet consisted of exclusively informational websites. Static sites are simply meant to provide information in the fastest way possible, one can compare this to an online encyclopedia where anybody can create information and launch it on the web.
Web 2.0 was the second phase of the internet and this involved social networks. A social network is a framework where anybody can get in contact with anybody on the internet. Sites like Facebook, MySpace, Youtube, and Twitter were some of the biggest Web 2.0 websites which is what made them wildly successful. Anybody can share anything, message anyone, and learn anything through these new sites. It allowed interaction, mobility, and the cloud.
Web 3.0 is the phase the world is moving into currently. Not only will individuals be able to interact with the internet, but they can also own it. In a world where appearance is everything, people spend incredible amounts of money on physical items so people would be able to see them. Now, this same concept is being applied to the internet. People will be able to own digital assets online and anyone on the internet will be able to see your digital assets. The earliest forms of this are people buying video game skins anyone else in the game can view.
This is going to be taken to a much larger level. The entire internet is essentially going to be repurposed so that everybody will want to own assets beyond simply videogames. NFTs(Non-Fungible Tokens) are going to be prevalent especially in the coming few years. NFTs are a form of technology that allows internet elements(photos, gifs, videos, etc.) to be purchased and owned. Surly people can copy and paste a digital asset but it will be truly owned by a single person or organization and the owner of that particular item will be displayed on the blockchain.
The software will essentially be run and managed by the actual users on the internet rather than a large third-party company. The Datacenters that manage the world’s internet content are quickly being replaced by having the data algorithmically stored on computing devices such as phones, computers, sensors, etc. Web 3.0 will primarily be driven by data, AI, and the Blockchain.
Some of the big names advocating for web 3.0 are Mark Zuckerberg, GaryVee, and Jack Dorsey. Zuckerberg renamed facebook to Meta to build a Metaverse, GaryVee launched wildly successful NFTS and said that “ ..by 2030 everyone in the world will own multiple things digitally, and Jack Dorsey stepping down from CEO of Twitter to work on Block which his other company focused on the blockchain.
Web 3.0 is the next phase of the internet and everybody will soon be involved in one way or another.
