Web 3.0 & Their Features: How Web 3.0 Blockchain Would Impact Businesses?

What exactly is Web 3.0?

Web 3.0 is the next generation of Internet technology that is heavily reliant upon machine-learning, artificial intelligence (AI) and Blockchain technology.

In simple terms, web 3.0 is a decentralized form of the Internet where people enjoy control over their data.

The Evolution of the Web 3.0

Web 1.0 is the first time that internet usage was used and was primarily static web pages that were not interactive to exchange data.

Web 2.0 ushered into a new era in which the Web was defined as a brand new medium. Instead of static websites which pushed out content to their users, Web 2.0 introduced new ways of interactivity. Concepts like blogging were popular as social networks appeared through Friendster, MySpace, and eventually Facebook.

The utilization of CSS (Cascading Style Sheets) is yet another feature in Web 2.0. Since the beginning of 2000, CSS has become more common and powerful, allowing complicated layouts for the design that altered the way websites were designed.

It gained plenty of space because of fantastic user interaction; however, it also made some companies stronger in their ability to regulate what’s happening.

Understanding the most powerful elements that shaped our Internet from web2.0 and its flaws, the Internet is shifting into a new era known as web3.0.

Web 2.0 Vs Web 3.0

Web 3.0, or Semantic Web (as called by its first creator, Tim Berners Lee), is a kind of Internet that uses blockchain technology to function on decentralized networks such as Ethereum and Bitcoin. It is believed to be the future of web 2.0′.

Decentralization, openness, and a huge users’ utility are the main characteristics of the modern Internet which is web3.0.

Tech giants like Google, Facebook, and Microsoft are just a few companies making huge profits from users’ data. Web 3.0 is set to make that distinction by harnessing the strength of large corporations.

Important Features in Web 3.0

Semantic Web

Semantic(s) refers to the research of relationships between words; that is why the Semantic Web, according to Berners-Lee, allows computers to study a variety of information from the Web, including data, transactions, and links between individuals.

Semantic web use comes in when it identifies and interprets the context using the notion of information that assists the user in trying to find an answer to provide the most accurate and relevant results.

The application of semantics to the Web could allow machines to understand meaning and emotions by analyzing the data. Internet users will experience more enjoyable experiences due to increased data connectivity.

Machine Learning and Artificial Intelligence

Web 3.0 is the application in the use of AI and machine learning algorithms to assist machines in filtering and presenting the most relevant information for users based on their searches. Through the use of these algorithms, devices will have the ability to replicate the human learning process improving their efficiency over time. This means that they will deliver more relevant results than the simple targeted ads in Web 2.0.

AI algorithms will enable Web 3.0 websites to tailor information to the preferences of each user and tastes, eliminate problems like rating manipulation (for example, sites for movie ratings such as IMDb), and offer users the most reliable information.

Decentralization

With Web 3.0, information will be stored in multiple places simultaneously & which will end the need for huge databases currently managed by tech giants such as Google and Facebook.

Web 3.0 can be accessed by anyone, anywhere, and on any device, with powerful data generated by many powerful computing devices, including mobile phones, desktop devices, sensors, and appliances. 

The information will be traded to users via networks of data that are decentralized, giving them control over their data.

Spatial Web and 3D Graphics

Pic Credits: https://stock.adobe.com/

Many futurists call Web 3.0 the Spatial Web because it seeks to blur the distinction between the real and the digital through the revolutionization of graphics technology by clearly bringing the three-dimensional (3D) virtual realms.

In contrast to their 2D counterparts, 3D graphics provide an entirely new level of excitement, not just in games with futuristic features such as Decentraland. However, they also have other areas such as health care, real estate, e-commerce, and others.

Trustworthy & Permissionless:

 In addition to decentralization, and is based on open-source software that is open source, web 3.0 can also become trustless (i.e., it will permit users to interact directly, without the need for an intermediary trusted by the user) and also permissionless (meaning that anyone can join without the approval of a governing entity). 

This means that Web 3.0 applications will run on blockchains or decentralized peer-to-peer networks, or both. Applications that are decentralized are known in the context of “dApps.”.

Ubiquity & Connectivity

Web 3.0 is highly based on IoT sensors, making the Internet accessible to anyone anytime, anyplace, and at any time and without the requirement of a smartphone or computer. Ubiquity can be defined as the ability to be everywhere or reach everywhere, specifically in the same moment. 

Web 3.0 is highly based on IoT sensors, making the Internet accessible to all anytime, anyplace, and at any time without the need for a smartphone or computer. Ubiquity refers to the ability to be everywhere or reach everywhere, specifically in the same moment. It is best described in one word: ubiquitous.

Web 3.0 and Blockchain

Pic credits: https://www.freepik.com/

The Web 3.0 web applications and websites are expected to heavily rely on blockchain and blockchain entities such as tokens that are non-fungible (NFTs) and cryptocurrency. Particularly Web 3.0 tickets are often connected to the goal of creating a distributed web.

With Web 3.0 tokens, the individuals will now be able to make, manage, and participate in various projects. For instance, Reddit is developing a system that will allow cryptocurrency tokens to users to control certain elements of communities on the Web that they are part of.

Blockchain is, therefore, the main driver for Web 3.0 and will be a major contributor to the development of a variety of Web 3.0 blockchain-related applications. Additionally, it will ensure that users have a secure, encrypted, and user-centric system that gives them complete control over their data.

Final thoughts: How will Web 3.0 Impact Marketing?

Marketing has also evolved through all forms of the Internet. From the display ads of the past to today’s targeted remarketing – the digital market has changed along with the advancement of technology.

Web 3.0 marketing is focused on a variety of aspects, not just SEO (SEO). Although SEO remains an essential component of digital marketing, there are other options available.

Opportunities to interact with users unimaginably by anticipating their needs, giving them complete experiences, and connecting with users are new tools.

Internet Marketing Agencies like Greenwill Techs can provide more specific services and advertisements to their customers.

Frequently Asked Questions

What is Web 3.0?

Web 3.0 is the next generation of Internet technology that is heavily reliant upon machine-learning, artificial intelligence (AI) and blockchain technology.

What are the key features of web 3.0?

• Semantic web
• Machine learning & Artificial Intelligence
• Decentralization
• Spatial Web & 3 D Graphics
• Trustless & Permissionless
• Ubiquity & Connectivity

How web 3.0 blockchain impacts business?

The Web 3.0 web applications and websites are expected to heavily rely on blockchain and blockchain entities such as tokens that are non-fungible (NFTs) and cryptocurrency. Particularly Web 3.0 tickets are often connected to the goal of creating a distributed web.

With Web 3.0 tokens, the individuals will now be able to make, manage, and participate in various projects.

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