What is Web 3.0?

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The world is evolving, and people are waiting for more advanced technology. Things changed in 2021 when technological advances reached a point where organizations started to think beyond expectations and adopt forward-looking approaches. All tech giants are now developing something  to compete with others in their future products. Take a look at Mark Zuckerberg’s Metaverse, one of today’s most powerful concepts about communication and life.

He surprised the audience by making an episode of a TV show come true. Along with this, the NFT world has developed a way for many people to make unlimited money. However, as a new variable appears in the digital field, there is a controversy surrounding the Internet. Web 3.0 is here!   There has been a lot of talk about Web 3.0 on the Internet, and many IT companies are entering this new era. But what is Web 3.0? What caused this? And what is its primary purpose? There are too many unanswered questions in the reader’s mind.

 What is Web 3.0?

Before jumping into the debate over who released Web 3.0, it’s essential to understand this new phrase. The third generation of the Internet is known as Web 3.0. It is the most advanced and improved version of the Internet.

Famous YouTuber GaryVy created a podcast with Mark Zuckerberg to discuss Web 3.0 and the future of the metaverse. What exactly is the difference between Web 2.0 and Web 3.0?

Previously, Network 1 consisted of only information centers. It relied on HTTP and HTML protocols with static pages, hypertext markup language, and much less interaction.

Over time, Web 2.0 enabled real-time interaction, giving birth to the next generation of phenomena such as social networking platforms, multiplayer games, and more. Now comes Web 3.0, a next-generation component that will focus on people, websites and websites, and interactions between people and websites. Compared to 2.0, 3.0 focuses more on the server-side of the Internet, such as better connectivity, availability, and ubiquity.

Where did this  Web 3.0 craze start? If you don’t follow the IT world, you probably haven’t heard of the hottest Twitter microblogging discussion for Web 3.0. About its existence, merits, and social significance. And guess who started all this?

Exactly the wealthiest person in the world. In a marketing tweet, Elon Musk said, “I’m not claiming web3 is real; I’m just curious what the future holds in 10, 20, or 30 years. “2051 sounds insanely futuristic!” he tweeted on his Twitter account. “Has anyone seen web3? I can’t seem to find him.”

ex Twitter CEO Jack Dorsey said in a tweet, “It’s somewhere between z and z. You don’t have web3,” he tweeted. Venture capitalists and their limited partners… “Blocked after lunchbox involvement.

 Why is  Web 3.0 crucial?

The most important question is why it is necessary or why it is so important. Edge computing, distributed data networks, and artificial intelligence are the three new technological innovation layers ofpotent Web 3.0. These are forward-looking target items. This will make society more efficient and will almost certainly limit the role of third parties in exchanging information over networks.

Blockchain and cryptocurrency play a crucial role here because the primary purpose is to introduce decentralization, and ultimately, it is a new phrase that creates a decentralized Internet. A focus on large-scale cloud storage and tokenization enables widespread dissemination of data. The decentralized architecture of Web 3.0 is important and distinct from the current version. The problem is addressed directly with this designer, who will provide more confidentiality, trust, and openness than traditional designers.

There are many challenges as large corporations such as Google, Apple, Meta, and Microsoft continue to control and dominate the Internet, making it difficult for everyone to own the Internet.

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