The future of web 3.0 will be defined by decentralization, openness, and amazing consumer usefulness.
The semantic web’s main benefit is that it recognizes and interprets the data’s context and notion. As a consequence, when a person looks for an answer, web 3.0 provides the most accurate and relevant result.
So, what exactly is Web 3.0?
Web 3.0 aspires to transform the web into a fair and inclusive network in which all users may take part. Here are some advantages of Web 3.0:
- The convergence of data from various parts of the web has the potential to make Web 3.0 apps compatible across many platforms and Internet of Things (IoT) devices.
- The use of permissionless blockchains is an additional perk of Web 3.0 that helps to remove barriers that users face because of their gender, geography, sexual orientation, or financial status.
- Web 3.0’s decentralised applications, or dApps, are immune to filtering and censorship since they are self-governing and distributedly owned. This further guarantees that all users of the network have an equal stake in it,
- Concerning security, Web 3.0 is an improvement over its predecessors thanks to distribution, decentralisation, and blockchain technology.
Google, Facebook, and Microsoft are just a handful of the IT behemoths presently profiting handsomely off user data. “People have been abused by tech corporations — essentially, fooled into giving important data out with no recompense from the companies who gather and benefit from it.” Web 3.0 will enable all of us to get rewarded for our work and information:
Web 3.0’s Layers
Web 3.0 is propelled by three new levels of technological improvements, whereas web 2.0 was primarily driven by the advent of mobile, social, and cloud capabilities.
Computing at the Periphery
While web 2.0 modifies presently commoditized personal computer technology in data centers, web 3.0 is pushing the data center out to the edge (i.e. edge computing) and perhaps right into our hands.
Phones, computers, appliances, sensors, and automobiles will create and consume 160 times more data in 2025 than they did in 2010.
Network of Decentralized Data
Decentralized data networks allow different data producers to sell or exchange their data without losing ownership, jeopardizing privacy, or relying on middlemen. As a result, in the emerging ‘data economy,’ decentralized data networks will have a vast list of data suppliers.
Artificial Intelligence and Machine Learning
Machine learning and artificial intelligence algorithms have advanced to the point that they can now make meaningful, and sometimes life-saving, forecasts and acts.
Despite having comparable capabilities, web 2.0 is still mostly human-based, allowing for corrupt behaviors such as biased product appraisals, manipulative ratings, human errors, and so on.
Blockchain, in layman’s words, is a new layer of innovation that sits on top of web 3.0. Blockchain, in particular, is the backbone of web3, since it redefines the data structures at the base of the semantic web.
Web 3 is the wave of the future
So now that we’ve gone over the many interpretations of Web 3.0 and the Metaverse, here’s the big question: What role will Web 3.0 play in the future?
Both Web 3.0 and the Metaverse technologies complement one other wonderfully. Despite the fact that the Metaverse is a digital realm and Network 3.0 advocates a decentralized web, it might serve as the Metaverse’s foundation for interconnectivity. On the other side, Metaverse’s creator economy may complement Web 3.0’s ambition by creating a completely new financial universe through the use of decentralized technologies.
We need to think about what sort of internet we want to emphasize in the Metaverse as we go toward a decentralized Web.
Thanks to the recent exponential rise of NFTs, P2E games, and DAOs, Web 3 is taking shape brilliantly. However, in terms of technology that will truly immerse the Metaverse experience, the Metaverse still has a long way to go and a lot more potential to expand.
In virtuality, the Web 3 Metaverse will establish a new open and decentralized global reality. We’re looking forward to seeing how Web 3 and the Metaverse develop in the future.