Get to know Web3 more clearly
Web 3.0 represents the next generation of the World Wide Web, a user interface that provides access to documents, applications, and multimedia on the Internet.
Web 3.0 is still in development, so there is no universally accepted definition yet. Even the exact spelling has yet to be determined as analyst firms such as Forrester, Gartner and IDC switch between "Web3" and "Web 3.0."
However, it is clear that Web 3.0 will place a large emphasis on decentralized applications and will most likely make extensive use of blockchain-based technologies. It will also use machine learning and artificial intelligence to drive a smarter and more adaptive network.
If decentralized web architecture delivers some of the benefits promised by Web 3.0 proponents, it could fundamentally change how people interact on the web and how companies make money from goods and services.
Web 2.0 giants like Amazon, Google, and Facebook parent Meta have thrived by collecting and centralizing petabytes of customer data and monetizing it in a variety of ways. Web 3.0's global peer-to-peer networks could be the great equalizer, making it difficult for these companies to grow by hoarding data. Individuals will have more control over online content and who can access and monetize their personal data.
In contrast, Web 3.0 business opportunities tend to focus on exploiting new capabilities to customize Web products and services for individuals.
Web 3.0 or Semantic Web is an evolution of Web 2.0 that introduced concepts such as machine understanding of content and deeper data interconnection. In Web 3.0, machines can better interpret data through metadata, semantics, and ontologies. Blockchain technology also plays an important role in ensuring data security and reliability. The decentralization concept gives users more control over their personal information.
Additionally, artificial intelligence and machine learning improve the user experience by providing smarter and more personalized recommendations. Web 3.0 aims to create a more open, secure, and intelligent online environment by contextually adapting data to produce a more efficient and meaningful internet experience.