Blockchain, MetaMine, metaverse

What is web 3 (Web 3.0)?

Web 3 or the third generation Internet

Web 3 or the third generation Internet has revolutionized the world, one of the goals of which is to create a decentralized Internet. But what is Web 3 and why do we need it?

Web 3.0 is the upcoming third generation of the internet where websites and apps will be able to process information in a smart human-like way through technologies like machine learning (ML), Big Data, decentralized ledger technology (DLT), etc.

Two cornerstones of Web3 are semantic web and artificial intelligence (AI).

A look at the history of the Internet shows that the Internet is moving towards smarter. Although initially the data was provided to users statically, after a short time, users were able to interact with that data dynamically. All of this data is now being used by algorithms to improve the user experience and become more familiar with the web.

Third Generation Web or Web 3, although still evolving, can be used in peer-to-peer technologies such as blockchain, open source software, virtual reality, and even the Internet of Things (IoT). Although no one knows exactly what the third generation of the Web will look like, it can be said that Web 3 has come to turn the Internet into a large database. The third generation of the Web, also known as the Smart or Concept Web, is expected to be able to understand the meaning of users and get them to the desired results in the shortest possible time.

web 3.0 benefits

WEB2 VS WEB3

Web2 refers to the version of the internet most of us know today. An internet dominated by companies that provide services in exchange for your personal data. Web3 are apps that allow anyone to participate with their personal data.

Web2

Web3

Twitter can censor any account or tweet

Web3 tweets would be uncensorable because control is decentralized

Payment service may decide to not allow payments for certain types of work

Web3 payment apps require no personal data and can’t prevent payments

Servers for gig-economy apps could go down and affect worker income

Web3 servers can’t go down – they use Ethereum, a decentralized network of 1000s of computers as their backend

Web 3 and metaverse

Metaverse is a connected global network of online worlds that all adults are interested in. In order to achieve Metaverse, you must transfer your account, or in other words, your avatar and information from one place to another. Individual companies that own different parts of Metaverse make this impossible. Meta, for example, never allows users to share their information with Epic Games or Roblox. This is where the decentralized Internet of Things comes into play. If there is no single reference, to control Metaverse sites and applications, users can easily navigate between different worlds. How to pay on Web 3? Of course with cryptocurrencies and NFT. This has made fans of cryptocurrencies interested in Web 3.

Many of the advancements that occurred with blockchain create the same common ground of both terminology in a technological sense. Every new blockchain concept and solution is immediately evaluated as a potential module for integration into the Web 3.0 engine that will power Metaverse goods and services.

Leave a Reply

Your email address will not be published.