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Web 3.0: what does it mean and will it be a reality soon?

 


The term "Web 3.0" has become more and more established in the crypto sector in recent weeks. It is intended to represent the next evolutionary step in web development and is closely linked to the Metaverse. We explain what Web 3.0 is all about and whether the great promises it makes can be fulfilled.


What is Web 3.0?

Web 3.0 is a term for the next evolutionary stage of the web. As a term, it describes the entirety of a decentralized Internet. The Metaverse is part of Web 3.0. As a basic idea, the term is intended to represent a web world that is completely decentralized and is no longer determined by a few large companies.


The idea of ​​Web 3.0 is gaining particular traction among crypto enthusiasts. It promises a new kind of Internet in which each individual user has control over the content. The blockchain should be the basis for the new web.


Can Web 3.0 be implemented soon?

In the current Web 2.0, large technology companies such as Google, Facebook and Twitter have extreme power. Dissolving these power structures requires enormous effort and constant technical development. But the big corporations will not relinquish their power so easily. Even the re-branding from Facebook to Meta showed how much interest there is in controlling technologies like the Metaverse.


The fact that a decentralized Internet without a platform economy will be available to us in a short time is rather a naïve thought. The new decentralized technologies will continue to be adapted by the big players in the future. They will try to design them according to their taste.


What does the future hold?

Powerful men from the crypto sector vehemently defend the idea of ​​Web 3.0 and want to develop in this direction in the coming years. Coinbase CEO Brian Armstrong, Gemini founder Tyler Winklevoss and VC giant Marc Andreessen are celebrity supporters. 



The Metaverse can only have been a first step towards Web 3.0. It will probably take a few months to years for the web to become a completely decentralized space. However, with the further development of decentralized technologies, the vision could still come true in a few years.

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