Web 3 or Web 3.O is the future of web technologies. As the name says, it is the third generation of the web. If we were to go by the traditional definitions, then it pays a strong emphasis on decentralized applications which fully takes advantage of blockchain-based technologies.
Web 3.0 will also use machine learning and artificial intelligence (AI) to help empower more intelligent and adaptive applications.
Just to clear the air, we are currently using Web 2 in our day-to-day lives, and yes it still uses centralized databases to show us what we want to see. But with Web 3, the primary focus is on the decentralized blockchain, which means self-governance in an attempted decentralized approach.
Web 1 VS Web 2 VS Web 3
During the Web 1 phase, the web was pretty simple, there were fewer websites which people visited to read, running ads was banned and all of it was controlled by a few leading giants.
In web 2 there are millions of websites and channels which are also owned by individuals for which, there’s interactive content, Web 2 is basically social media or it can be said a participative social web. Unlike web 1, there’s the freedom to design web pages, and how people interact with them and there are millions of content creators, just like team TechArena. Web 2 can be also referred to as the social media era.
Web 3 is something which is completely individual focussed, Web 3 uses semantic metadata to its advantage. Don’t expect that you would type in a keyword and it would match and show you related results, instead, the AI will understand and show you the best result that you need to see unlike matching keywords to show you content. With semantics, you can expect results that are direct, and better than Google.
Web 3 is about focusing on the back end, while Web 2 is about the front end, and Web 1 is pretty much everything ancient.
What can you expect from web 3?
A highly developed and super smart web which actually understands what you type and shows you only what you ask for (thanks to machine learning and AI).
As the data is more connected through semantics, you can expect seamless connectivity which you’ve experienced never before.
In web 3 The data will be analysed, and understood, thanks to machine learning and AI, before showing you the specific results.
In the current social media era or say Web 2 the content that we see could surely be from various individual artists but firms like Youtube and Spotify own the content, as well as the audience base.
As web 3 characterises as being decentralised, the few powerful firms which had control over almost the internet would be as equal as powerless, as web 3 primarily focuses on the power and ownership distribution among every individual.
You can own your own platform and put up your own content as a creator in web 3 where you own your audience, unlike Youtube and Spotify where these firms actually own the audience.
While we are still in the web 2 phase, banning an individual by major governing media firms is very common, but with web 3, the power will be rather distributed among all rather than only the firm.
Web 3 in a Nutshell
Web 3 is a completely decentralized form of the modern web, where the main focus is not on some big tech media firms, but rather on distributing information and power among everyone.
Payments are made easy and convenient, thanks to blockchain technology. Get exactly what you search for, thanks to the semantics-based database web.
Secure and trustworthy blockchain technology is censorship-resistant, meaning your transactions are safe from being altered by any party.
Based on AR, VR, and the metaverse, web 3 will be a completely different experience of how you use the internet.
Web 3’s important features
Artificial intelligence AI: Web 3 along with AI will better understand what people type, which will promote faster and better result processing, also as web 3 is semantics-based you can just expect the accurate result for what you search for.
Based on Semantics: Web 3 is completely based on semantics which basically means the study of the meaning of words and phrases.
Distributed Ledger technologies: Trust and technologies are about to ramp up to another level, thanks to distributed ledger technologies. Here the ledger is shared among all the nodes, which makes it possible for every node to verify and edit the ledger.
Blockchain-based infrastructure: As web 3 is decentralized, there’s no power-holding group, instead the information and power are rather distributed felicitating normal users and not just some big firms.
Cryptocurrencies and their uses are expected to be very high, as there will be digital ownership of NFTs and digital properties. You can very well expect freedom in using crypto to buy/sell stuff. Crypto could also very well be a native payment method in web 3.
Top Notch Security: Web 3 primarily focuses on the security on the user’s end, the network is self-sufficient and doesn’t require any permissions or governance of any sort.
Being decentralised and transparent will promote ownership among users.
With the help of NFTs, users will be able to showcase their online digital collection, meanwhile also maintaining their own digital uniqueness.
Are Metaverse and Web 3 connected?
Well, it can be assumed as a bonus for the technology. Metaverse and Web 3 are technically not interlinked. Metaverse and Web 3 both use different infrastructure and technologies and even are very different from each other. Web 3 represents the future internet, while the metaverse represents the combination of virtual worlds into one.
As we are talking about the future, and since VR and AR are on the rise along with Metaverse, there are very likely chances of incorporating the metaverse with web 3 to make it easily accessible to almost everyone.
So, low-key, yeah you can expect interactive metaverse worlds with blockchain technologies for safer payments and a lot of freedom to be yourself.
