What is web 3.0 – How it will transform Digital Era

What is Web 3.0 | WEB 3.0 is the foundation of Artificial Intelligence (AI), Internet of things (IoT), and Blockchain Technology (Like- Cyrptos coins/

What is Web 3.0 and hot it is the future of Internet. WEB 3.0 is the foundation of Artificial Intelligence (AI), Internet of things (IoT), and Blockchain Technology (Like- Cyrptos coins/tokens, NFTs, Metaverse)

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We have seen the advent of technologies. With time this phenomenon is getter better and better. Internet is one of those sectors which are at the cusp of transformation. Web 3.0 is the latest term included in this wagon.

After Cryptocurrency, NFTs, and Metaverse, now we are going to see the enormous development in the internet. Web 3.0 which is the successor of web 2.0 is going to change the way we deals on Internet.

Web 3.0 is aggressively gaining the importance day by day. We are recently listening this latest term, but this is not a new phenomenon.

In 2014, Web 3.0 was created by Gavin Wood, Ethereum’s co-founder. According to Tim Berners Lee, WEB 3.0 is a semantic web for its potential to change the internet experience and exposure directly dealing with users, systems, and devices.

All this phenomenon we can experience in smart Vehicles, smart homes, and workplaces.

WEB 3.0 is not only constrained to gaming. There is a lot more to explore in this rapidly changing digital era. You are going to know the features and essential facts of Web 3.0, further we will also the working of Web3.0.

Before we comprehend about WEB 3.0, we will go into past and know some facts about its pre versions.

Some important facts of WEB 2.0 which was come into force in 2005

• Web 2.0 was the successor of web 1.0.
• Web 2.0 generally meant the transform from static to user generated content. And, also the evolution of Social media like Twitter, facebook, youtube, telegram etc. on these platforms users can interact and convey their thoughts with each other.
• We can also experience web 2.0 in terms of Google Maps, WordPress, Google Docs.

Now, you know about WEB 2.0, it will be easy to comprehend about Web 3.0. So the facts are given below-

WEB 3.0 is the foundation of Artificial Intelligence (AI), Internet of things (IoT), and Blockchain Technology (Like- Cyrptos coins/tokens, NFTs, Metaverse)

Blockchain Technology has helped in attaining the decentralized data storage. It is also fostering the aspect of Virtual world.

Artificial Intelligence (AI) is helping to decode and filter online data storage and relevant options for the users.

Internet of things (IoT) will also help the interoperability layers of Web 3.0 to get each other and connect the internet to smart devices like smar homes.

We can experience this kind of exposures when a user come across the related items on Amazon (e-commerce) platform that shoppers with similar purchase profiles have bought.

The biggest benefits are taken by the internet controlling agencies like google, facebook etc. which makes them the owner of users data. Further, this data sold to third party advertisers for gains.

Due to this Users’ Private data is misused.

Now, with the advent of WEB 3.0, this will totally transform how we deals with in day to day life. WEB 3.0 would reverse the current system or mechanism. This will make the Users, the sole owners of their data. This will also give users compensation in lieu of users’ internet data.

Web 3.0 is similar to NFTs. NFT which gives users the sole ownership of unique digital art they bought. During all this process, a blockchain system is applied. Sharing of Personal information will be made optional for every users through semantic web.

Web 3.0 also gives users an upper hand to halt or prevent advertisement (Unskippable/Pop-ups)

Except this, users will also be able to control the number of advertisements they want to see and will be compensated according to their interest.

Web 3.0 is the evolution of Digital Era

Web 3.0 mainly focuses on privacy and security. It has the potential to enter in a customer centric future web. It would also enable the exchange of data and value on peer-to-peer infrastructure between users and machines.

Except this, The semantic web will bring many other possibilities which are- decentralized Autonomous Organization, Self-Sovereign Identities, global scale decentralized autonomous companies and decentralized data marketplaces.

Web 3.0 will majorly change the way humans and machines interact between each other. It will allow trustless data transfers, easy ownership transfer and cryptocurrency-based payments.

At present, Ethereum is leading the genesis of many emerging web 3.0 applications and utilities. Which are also called decentralized application. Ethereum hosts these decentralized applications on user operated nodes on blockchain system. This allows anyone to use them without the necessity of monetization of users’s data.