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How Web 3.0 will take over the future of the Internet

 


What is Web 3.0?

Web 3.0 is a term for a vision of a new version of the Internet. At the beginning of the internet, it was just a medium where users could get information and consume content. The term Web 2.0 stands for an Internet in which the users themselves are now part of the Internet. Instead of pure consumption, users are now actively participating in the digital space and creating their own content on platforms such as social media and video platforms such as YouTube.



Web 3.0 now wants to go one step further. Artificial intelligence should be used here to recognize and understand the content provided by users. Furthermore, Web 3.0 could take a big step towards decentralization. Today, many centrally organized platforms have enormous power on the Internet. Web 3.0 wants to take a step towards a decentralized Internet.


What distinguishes Web 3.0?

Web 3.0 describes the third generation of the Internet. In the following, we would like to point out the properties of Web 3.0, which should become an integral part of the Internet in a few years:


Decentralization : The new Web 3.0 wants to be decentralized. The current Internet is characterized by a high degree of centralization. Large Internet corporations such as Facebook and Google determine the digital space. In contrast, the new web should offer decentralized spaces in which users can move.

Connectivity : Web 3.0 can only be more connected through new technologies. Web technologies in connection with artificial intelligence allow content to be searched for, analyzed and generated independently by algorithms. Content and information can then be connected much more easily with semantic metadata.

Virtual 3D environments : In the future, the new Internet will be characterized more and more by digital spaces or 3D environments. Here the metaverse, in which users can interact with each other, will become increasingly important in the future.

Secured property rights : The question of property should always be better clarified in the future. Digital content should be able to be clearly assigned to a person using new technologies. A harbinger of this development are, for example, NFTs.

What role does blockchain play in Web 3.0?

The topic of Web 3.0 is particularly interesting in connection with blockchain technology. The areas of decentralization and digital ownership can be advanced by blockchain technology and even secured in the future. 


The Blockchain

The blockchain can provide decentralized structures for Web 3.0. The great advantage of blockchain technology is the avoidance of a central structure that can control digital networks. Most projects on the crypto market are based on blockchains that are organized in a decentralized manner, which explains the extreme popularity of cryptocurrencies.


In the area of ​​digital ownership, the NFTs are an important step forward. These are digital objects and content that have a unique digital signature through the blockchain. Furthermore, the ownership structure is 100% clarified by data recording on the blockchain. In principle, counterfeiting is impossible with NFTs.


The Metaverse is another topic that has triggered massive hype in the crypto space in recent months. The topic also came into the mainstream when Facebook renamed its parent company Meta. The metaverse describes a digital, virtual space in which users can interact and exchange information. The metaverse will be an important part of Web 3.0. In many metaverses, the blockchain already offers a decentralized structure on which the respective metaverse is built.


How does blockchain want to be part of Web 3.0?

It is not yet possible to predict with certainty that the blockchain will be the basis of the new Web 3.0. But the properties of the blockchain mentioned give the technology the decisive prerequisites to be the basis of a new Internet. 


One important aspect that the blockchain needs to add is connectivity. The new Web 3.0 will be more connected than any other version of the Internet in recent years. At the moment, numerous blockchain networks are running in parallel, which are growing more and more over time. Here we can mention ecosystems such as Ethereum, Cardano and Solana, which can be the basis of decentralized applications through smart contracts.


An important vision is the “Internet of Blockchains”. The various blockchains should be connected to each other and be able to exchange information with each other. Interoperability is the keyword here. The blockchain protocols Polkadot and Cosmos play an important role in this.


Will Web 3.0 determine the future?

One seems certain that an Internet revolution is upon us and that Web 3.0 should determine the future of the Internet and thus of our lives. We are already seeing the increasing popularity of the metaverse and the hype around unique digital objects that also ensure ownership, the NFTs.


Web 2.0 has dominated much of our lives over the past 10 years, especially with the massive growth in the use of mobile devices. So it should only be a matter of time before Web 3.0 should determine the lives of most people in the future.


The question will be to what extent the vision of the decentralized Internet can be implemented. Will the new Internet continue to be determined by large Internet corporations in the future or can modern technologies such as the blockchain ensure that the blockchain becomes a decentralized, independent and secure place in the future?

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