Here’s Why Web 3.0 Will Change our Lives

Web 3.0 is the new subject to come up over during a coffee break at a business meeting or a casual night out with a bunch of friends. The emergence of new technology and the various controversies involving the major Web platforms have made it evident that the Web is once again changing.

Those who have access to our data tend to use it to reignite the idea that a Web must be created by and for users in order to achieve decentralization. Characteristics that we missed in web 1.0 and web 2.0 and desperately expect to see in Web3 or Web 3.0, which may already be undergoing mutation.

Thus, let’s take a brief look at the history of the web and its evolution in years.

Web 1.0 :

Web 1.0 was active from 1991 through 2004. A platform that only allowed users to access content online. Usually composed of straightforward web pages with text and images.

These websites supplied static content rather than dynamic HTML, which is significant. Web 1.0 is frequently referred to as the “read-only” web because it is not intrusive.

Web 2.0 : 

As opposed to the static Web discussed before, we occasionally talk about a participatory web or web 2.0. This transition is thought to have started about 2004 when the first social networks appeared.

By giving publishing tools to anyone who wished to market their own writing, podcasts, or video productions, Web 2.0 not only greatly expanded the types of content that could be consumed, but also gave rise to the idea of user-generated content.

Web 3.0 :

In 2014, the co-creator of Ethereum and founder of Polkadot Gavin Wood coined the phrase “Web3”. A “decentralized online ecosystem based on blockchain” is what he means by “Web3,” according to him.

Web3 is conceptually very similar to the fourth dimension and has many features in common with the real world. But before anything can be considered a fact, its development need a lot of time and precision.

Hence, We can all enjoy a far more private surfing experience thanks to Web 3.0, since Web apps will become far more receptive to our usage patterns, and websites will be able to automatically adapt to our device, location, and any accessibility needs we may have.

How and Why Web 3.0 Will Change our Lives : 

We believe that the emergence of Web 3.0 will improve our lives for the following three reasons, which we believe are fairly appropriate:

1. Data Ownership : 

Tech behemoths control and profit from user-generated data in Web 2.0. Web3 powered by blockchain will provide people complete control over their data. You can decide what details you want to sell to businesses and advertising agencies in order to profit from them.

2. Transparency :

Users will be able to trace their data on the decentralized web and see the platform’s source code if they so choose. Every stakeholder will constantly be aware of the worth and business they are connected too. For access to this information, you won’t need to rely on a middleman.

3. Efficient searching and information linking : 

Web3.0 will enhance your ability to find information. So, When you run a search on your browser, it will offer you with more relevant search results rather than the most popular pages that people click. Consequently, just because the semantic web connects online data, your search for information will be faster and more effective.

4. Personalized Web Surfing Experience : 

As websites become better at identifying our preferences, it will provide a more customized internet browsing experience. On the whole, this feature will best adapt to our device, location, and other factors, web applications monitor our internet usage and usage patterns.

5. Better Marketing :

Sellers would be able to anticipate the needs of buyers better with Web3 powered by AI. They’ll demonstrate them to customers who are interested in purchasing those goods and services. In conclusion, The advertisements that are shown to consumers will be more pertinent and useful.

6. Fewer Intermediaries :

Web3, is a blockchain-based platform, will link businesses and customers directly. The number of central authorities that will share in the profits from electronic transactions will be extremely small, if not none. Even while there will still be a need for sufficient laws and regulations to ensure fairness, there will be a shift away from centralized institutions and toward trustless and decentralized networks.

To summarize, Web 3.0 is available. The technology is still in its beginnings. However, if you’ve ever used Google to search for information today, and used natural language to express yourself, you’ve already benefited from this new chapter in the history of the Internet.