Is Web 3.0 the Next Internet Revolution?

After witnessing a lot of debate around metaverse, the internet has found a new buzzword, "Web 3.0". Also termed as Web3 or decentralized web, Web 3.0 is the next version of the internet that is meant to revolutionize the internet we are using today. So, what is Web 3.0, and why is it suddenly becoming a discussion point everywhere? Let's have a closer look at Web 3.0 in this blog.

Web 3.0 – Explained Easy

Web 3.0 is the 3^rd internet iteration that links data in a decentralized manner for a more personalized and faster experience. Web 3.0 or Web3 is built using artificial intelligence, machine learning, big data, and blockchain technology.

To better understand Web 3.0, it's important to know how the internet evolved over decades:

• Web 1.0 (1989-2005): Web 1.0 is known as the first version of the internet in which websites could only read information from servers. The websites were more like static pages without "write" capabilities. For example, a personal website that gives information about the owner without ever changing the details.
• Web 2.0 (2005-Present): Web 2.0 is the internet we are using today that offers read-write capabilities, more collaboration, improved bandwidth, more social networks, etc. The simplest examples of Web 2.0 around us are in the shape of Facebook, YouTube, and similar other sites we interact with every day.
• Web 3.0 (Present-Future): Web 3.0 is intelligence alongside read-write capabilities. One of the best Web 3.0 examples today you can see is the Amazon website. When you buy an item on Amazon, the algorithm of the website will also show you other items that other people looked for who also bought the same item. In simple words, Web 3.0 makes websites more intelligent as they interact with users.

In more easy words, Web 1.0 was a medium for businesses to show their content. Web 2.0 enhanced the capabilities by empowering users to interact more, upload and share content, and do a lot more staff. Web 3.0 is not just expanding user and internet connectivity, it is improving the interaction between computing devices, thereby making the internet more intelligent and self-driven.

Key Features of Web 3.0

Here are the key features of Web 3.0 that will help you better understand the revolution associated with it:

1.      Omnipresent/Ubiquity

Omnipresent/Ubiquity means accessibility from anywhere, anytime. Basically, Web 2.0 is already a bit ubiquitous, as you can capture and share a picture on Instagram and it can be seen by others no matter where they are located. Web 3.0 takes ubiquity to a whole new level by making the internet available to everyone at any time. The advancements in Internet of Things (IoT) technology will open a new array of smart devices that will elevate internet accessibility beyond smartphones and computers.

2.      Semantic Web

Semantic is about learning the relationship between words. So, the Semantic Web is basically empowering computers to analyze datasets from the web, such as content, links among users, transactions, etc. To understand it better, consider two words "I love Instagram" and "I <3 Instagram". You can see that the semantics of the words are almost the same but the syntax is different.

So, what the semantic feature of Web 3.0 means is that it empowers computing devices to decode both meaning and emotions through effective data analysis. This way, users will have a better and enhanced internet experience and data connectivity.

3.      Artificial Intelligence

As Web 3.0 lets machines read/write and decode meaning/emotions, it results in more intelligent machines. Web 2.0 does showcase similar emotion-detection capabilities, but there is a significant influence of human biases. For example, today a company can hire a bunch of people to write negative reviews to its competitor profile, thereby impacting its reputation. With Web 3.0 and advancements in AI, the internet will get less biased, more filtered, and tailed as per the user's liking.

4.      3D Graphics and Spatial Web

Tech giants are already working to minimize the difference between the physical and digital world. The concept of the metaverse is already emphasized on this idea. Web 3.0 is also termed Spatial Web, as it is believed to bring 3D virtual world into reality, driven by revolutionary graphics technology. Probably, the gaming industry will be the first one to influence it, but it will grow further to other sectors as well, such as e-commerce, health, real estate, etc.

Web 3.0 & the Internet Future

With Web 2.0, the internet has turned more social. It made users more connected, which resulted in the creation of massive data and content volumes. However, most of the data and contents of today's internet are controlled by tech giants, such as Google, Meta, Microsoft, Apple, etc. Therefore, it is increasing the concerns around privacy and forced acceptance of their terms and conditions.

Web 3.0 is turning the future of the internet more secure with a decentralized system like blockchain, resulting in more open usage and privacy. Gradually, the internet will be driven by more decentralized web3 apps, AI, non-fungible tokens (NFTs), and cryptocurrencies. Moreover, we will witness a boom in peer-to-peer mechanisms and more individual-level control of data.

Wrapping Up

Web 3.0 is coming with a lot of advancements including efficient browsing, better marketing, more connectivity, crypto-driven transactions, distributed networks, more privacy, decentralized apps, etc. In fact, the future of Web 3.0 is so promising that Web3 stocks are already grabbing the attention of investors. Still, Web 3.0 has a long path to cover, but the early glimpse of futuristic Internet 3.0 is already around us now. So, sit tight and witness the revolutionary journey the internet goes through in the next few years.

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