What is Web 3.0 and Why is It Considered Important?

  • February 28, 2022
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What is Web 3.0 and Why is It Considered Important?

Web 3.0 is the most recent internet tech that utilizes ML (Machine Learning) algorithms, artificial intelligence (AI), as well as blockchain technology to enable real-time interpersonal interactions.

People will not only be able to manage their relevant information. All thanks to the latest internet technology that the individuals will get the time spent online reimbursed.

Consider an alternative sort of online platform that more or less accurately translates what you enter and also comprehends what you say.

This is either via text, speech, and perhaps other information providers and in which the material you receive is much more personalized to you than it has ever been.

With the introduction of Web 3.0, we sure have reached the threshold of a new stage in the evolution of the internet. 

In fact, according to Medium, there are several early-stage Web 3.0 programs that currently exist; however, their real potency cannot be seen till the new internet technology has been fully incorporated in Web architecture.

But what exactly is Web 3.0, and why is it important? In this post, we will look at:

What exactly is Web 3.0?

What Is the Distinction Between Web 1.0, Web 2.0, and Web 3.0?

3. Web 3.0 Features

4. What is the Significance of Web 3.0?

Continue reading to find out all there is to know about Web 3.0.

What is Web 3.0?

Web 3.0 Concept – Image Source: Shutterstock

Web 3.0, is often referred to as the decentralized Web. It is considered to be the third generation of the internet, advanced from the present internet (Web 2.0). It links information to provide a quicker as well as more tailored online experience.

As previously stated, Web 3.0 has been built with AI, machine learning, and cognitive computing. It employs the blockchain security program to ensure your data is confidential.

Blockchain is the innovation that underpins Cryptocurrencies. It is a distributed ledger technology that keeps info across computers around the world in one go rather than just a single computer.

This approach enables greater data management and sharing, making it more convenient and available to anybody who requires access.

The Interactive Web (Web 2.0)

When we look at the current Web 2.0, we can see that the internet has grown into a more interactive medium.

Vast amounts of data and material are generated by the Web since they would be pushed to communicate with one another via social media platforms like Twitter or through blogs.

But, at the current Web 2.0 phase, this data and materials, are controlled mainly by a selected number of tech companies such as Facebook, Microsoft, Google, and Amazon.

In fact, according to Jaron Lanier and E. Glen Weyl, tech corporations have manipulated individuals; primarily, people have been duped into handing sensitive information over for little or no remuneration from the corporations that gather and profit from it. 

Rather, they seem to argue that individuals must be compensated for the content they provide.

This is causing privacy concerns, and consumers often believe that they may have lost access to their private data because they must approve all of the user agreements in order to access the internet solutions provided by these corporations.

Additionally, social networking platforms are trying to impose stricter guidelines for what types of posts or tweets would be permitted on their channels which have sparked debate over freedom of speech and expression.

The Actionable Intelligent Web (Web 3.0)

Web 3.0 is supposed to help solve these issues because it is a decentralized form of the internet in which users have access and control to their content.

This implies that consumers are allowed to sell their own content to marketers while maintaining control and confidentiality.

Furthermore, Web 3.0 will allow websites to use the data more effectively and personalize relevant data to each individual.

As a result, Web 3.0 will have individualized interconnections with apps and sites in the same way that you would with another human being.

What Is the Distinction Between Web 1.0, Web 2.0, and Web 3.0?

Evolution of Web Illustration  – Image Source: Linkedin

Before delving more into Web 3.0, we must first comprehend the distinctions between Web 1.0, Web 2.0, and Web 3.0. Here’s a quick rundown of the internet’s history:

Web 1.0 (1989-2005)

Web 1.0 was launched in 1989 and it lasted till 2005.

While working at CERN (European Organization for Nuclear Research), Tim Berners-Lee, a British scientist, established the World Wide Web (WWW) in 1989.

Recreated Page of the First Website – Image Source: CERN

The Web was created to address the desire for computerized data exchange among researchers in academic institutions around the globe.

Web 1.0 displayed relevant data in a largely static manner, with little user engagement with the material, for example, giving out remarks or modifying and generating website material.

The following were the key components that composed Web 1.0:

TTP (HyperText Transfer Protocol)URL (Uniform Resource Locator)HTML (HyperText Markup Language

The above innovations improved the visual attractiveness of the pages, and the very first graphical browsers, such as Netscape and Internet Explorer, were developed.

However, since there were no search engines present until graphical browsers like Netscape were introduced during this phase, accessing the World Wide Web wasn’t relatively as straightforward as it does now.

In fact, according to Steven J., the early search engines were only relevant if users had the correct website address they were looking for.

There were initially only a few content creators before Web 1.0. However, after the introduction of Web 1.0, the majority of surfers were content consumers.

Web 1.0 has been designed to be used as a personal website. The visitor charged depending on the total count of pages seen on the site.

Directories were incorporated, allowing visitors to look for a particular piece of information.

A Web 1.0 website included the following four design elements:

Pages that are static.The server’s file system used to deliver information.Items on a page positioned and aligned using frames and tables.Pages created through the use of the Common Gateway Interface (CGI) or SSI (Server Side Includes).

Web 2.0 (1999-2012)

Darcy DiNucci came up with the term “Web 2.0” in 1999. However, Tim O’Reilly and Dale Dougherty popularized it at the first O’Reilly Media Web 2.0 Conference in late 2004.

The word’s usage decreased in the 2010s as Web 2.0 capabilities became more commonplace and lacked its allure.

Given below is an illustration of a Web 2.0 “meme map” created during the O’Reilly Media Web 2.0 Conference.

A “meme map” of Web 2.0 – Image Source: O’Reilly Media

It was still an ongoing project, but it demonstrated the myriad ideas that emanate from the Web 2.0 kernel.

Web 2.0 websites are those that emphasize user-generated content, simplicity, and accessibility for end-users or consumers.

Web 2.0, as opposed to Web 1.0, has material that is produced mainly by its consumers in a system in which people both create and consume content.

Wikipedia is an exemplar of this system. Blogs, podcasts, and online forums such as Facebook are further instances of user-generated content platforms.

Because there is no longer space for lists of links in folders, which has resulted in a massive amount of content created by thousands of users, browsers are now more effective and widespread in this phase of the Web.

However, this does not imply a transition in underlying tech standards from Web 1.0 but rather a shift in website design and usage.

Web 2.0 allows for engagement and teamwork in social media chat rooms to build user-generated material in a digital environment.

Thus, Web 2.0 is an improved version of Web 1.0. in corporations like Airbnb, Meta, Uber, Twitter, and other social networking sites emerged.

Here are five crucial characteristics of Web 2.0:

Data sorted freely will definitely make categorizing easier.Reviews and online discussions will make information sharing between the webmaster and website.APIs are created to facilitate self-use, such as through a software program.Web access raises concerns that range from the typical internet user demographic to a broader range of visitors.

Web 3.0 (Ongoing)

When we talk about Web 3.0, we’re not referring to something completely new.

The Semantic Web Concept – Image Source: Medium

Tim Berners-Lee, the founder of the World Wide Web, came up with the term “Semantic Web” back in 2001 to describe what we now call Web 3.0. Berners-Lee visualized it as a better, highly independent, and open Web.

As stated earlier in this piece, Web 3.0 is based on the basic ideas of decentralization, freedom, and increased consumer value.

There is no efficient technique for computers to comprehend language semantics. 

Berners-Lee’s aim for the Semantic Web was to provide an architecture to the relevant information on web pages as well as to allow the software to do complex jobs for visitors.

Architecture of Semantic Web Stack – Image Source: Medium

Web 3.0 has, however, progressed beyond Lee’s original notion of the Semantic Web.

This is mainly due to an increased cost and difficulty of converting human speech, with all of its various subtleties and variances, into a manner that computers can understand.

How far has Web 2.0 changed?

And also, in relation to the fact that Web 2.0 has so far changed significantly over the last couple of years.

In fact, Polkadot founder Gavin Wood popularized the phrase “Web3” in 2014, describing it as a “decentralized online ecosystem based on blockchain.” This concept of Web3 gained some traction in 2021.

Primary concerns peaked near the end of 2021, owing partly to crypto fans’ enthusiasm and expenditures from elevated innovators and businesses.

Several publications have also been using the phrase “Web 3.0” to refer to the decentralized notion often known as “Web 3,” causing some misunderstanding over the two notions. Additionally, several Web3 visions combine principles from the Semantic Web.

The Semantic Web aims to make world data more intelligible than Google’s existing model.

The technology includes converting networks into databases. That includes a step that allows the material to be accessed through numerous non-browser apps. It introduces AI technology and 3D computer networking technologies.

Key Features of Web 3.0

To truly comprehend the next phase of the Web (Web 3.0), we must examine the five key features:

Artificial Intelligence

Semantic WebConnectivityUbiquity3D Graphics

1. Artificial intelligence

Artificial Intelligence Concept – Image Source: Freepik

According to IBM, Artificial intelligence (AI) uses computers and technology to replicate the human mind’s problem-solving and decision-making abilities.

And, because Web 3.0 computers can read and comprehend the context and feelings represented by a set of input, intelligent machines emerge.

By merging technology and humans, Artificial Intelligence (AI) is now just that – intelligent. And it does so precisely when humans require assistance in effectively searching or exploring digital platforms.

Companies and entrepreneurs around the world may leverage this potent integration of AI and human language synthesis with Web 3.0 to provide their users with better and much more accurate information.

As part of their work obligations., they are not diverted from the important project tasks that they should be accomplished on a regular basis

2. Semantic Web

The Semantic Web is the next step in the evolution of the Web.

Semantics explains data and commands displayed in Information technology.

As a result, according to Tim Berners-Lee, the Semantic Web allows computers to evaluate enormous amounts of data from the Web, such as content, links, and transactions among people and machines.

Through data analysis, semantics on the Web will allow computers to interpret context and sentiments. As a result of improved broadband internet, Web users will enjoy a smoother experience.

Furthermore, this technique enables visitors to be more specific and successful while scouring the internet for information, enabling them to make more informed choices based on precise meaning instead of keywords or category pages.

3. Connectivity

Connectivity Concept – Image Source: Freepik

Because of semantic metadata, the content is much more integrated with Web 3.0. Hence, the user experience grows to a higher degree of connectedness that makes use of all accessible data.

The decentralized Web is a framework in which information, and not just any relevant information, but rather information that computers can interpret, links everything. 

This data was entirely unavailable for readers; however, it is now readily available and accessible to visitors or readers in order to increase accessibility.

Thus, there is a greater connectivity standard that allows the customer interactions to evolve automatically and benefit from the new data.

4. Ubiquity

Ubiquity refers to the fact of occurring everywhere or being highly prevalent.

In this way, Web 2.0 itself is pervasive as, for example, an Instagram or Meta user may instantaneously snap and post a photo, which after which gets pervasive because it is accessible to anybody, regardless of where they are, and given the social networking sites are accessible.

Semantic Web (Web 3.0) basically goes the extra mile by having the internet available to anyone and everyone, at any time and from any location.

As it’s the case with Web 2.0. PCs and smartphones wouldn’t be Internet-connected gadgets. The development of a plethora of new sorts of smart gadgets will be well facilitated by the Internet of Things (IoT).

5. 3D graphics

3D Graphics Illustration – Image Source: Pinterest

Several innovators refer to Semantic Web as the Spatial Web. It is because it seeks to break the border between reality and the virtual by reinventing graphics technology, introducing three-dimensional (3D) fantasy reality into sharp relief.

Today’s digital world makes the best use of 3D design. Commonly utilized in museum guides, art, gaming, geospatial contexts, animation, and so on.

Webmasters are also beginning to integrate 3D graphics to make web pages more interesting, engaging, and realistic.

Three-dimensional design is transforming digital productivity in Web 3.0. By adding 3D images to the Web, it is revolutionizing numerous sectors. These include eCommerce and many other things that we’ve stated in this section, such as computer games.

Why is Web 3.0 Important?

Now that a common ground established and has explained the fundamentals, its time to examine our most basic question: “Why is Web 3.0 Important ?”

We believe there are five compelling reasons why Web 3.0 is significant, which are as follows:

Easy access to information

One of the primary benefits of the Semantic Web is the ability to obtain data from any location, owing to the growing use of smartphones and cloud-based services.

Data security and control

One of the major benefits of encrypting data will be to safeguard end-user credentials from leakage. Technology corporate giants like Facebook have long controlled and manipulated user-generated information. 

End users will have complete control of their data by utilizing Web 3.0 offered by blockchain technology.

Permissionless blockchain

The Semantic Web does not require centralized control. By generating an address, individuals can enroll and engage in the internet. 

This strategy prevents the likelihood of barring individuals. It can be due to their income, gender, sexual orientation, political entity, location, and perhaps other social variables.

Seamless services

Decentralized information management ensures that users may access their information in any environment. Clients will receive several backups, which will be beneficial even in the situation of server outages or server hijacking.

Single profile creation

Using Web 3.0, individuals do not need to create separate individual profiles for each platform. A single personal profile will function on each site, and the individuals will always have full control over any details or information provided.

Final Thoughts

In several aspects, the internet has revolutionized the world into a better place. 

Web 3.0 is the next milestone in the development of the Web, ensuring that users can consistently take full advantage of its capabilities while avoiding its drawbacks.

As we’ve covered in this piece, Web 3.0 is critical. It is because it provides easy access to information, data protection and control, permissionless blockchain, seamless services, and the ability for users to create a single profile.

As a result, Semantic Web will hasten the authentic and genuine utilization of user information, from tailored search engine results via AI to cross-platform software applications and the utilization of 3D graphics. The internet will develop to be more comprehensive and engaging in the future.

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