How is Web 3.0 Shaping the Future?

The Internet is a constantly evolving and innovating technology. So far, we've been using Web 1.0 and 2.0, and there's been a lot of debate about what to expect from Web 3.0. So, let's figure out what we are dealing with, what to expect, why it is so essential, and how it will affect the future.

What is Web 3.0?

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Web 3.0 aims to give us control over our information on the Internet and create a semantic web. Hence, machines will easily read and process user content. Blockchain will enable decentralization, free digital identities with crypto-wallets, and an open digital economy. It should feel in some gaps we have in Web 2.0, solve security concerns and take the interaction between humans and gadgets to a new level.

The ways we interact with the web will become more exciting with the 3D capabilities available. User benefits will also include efficient browsing, relevant advertising, and improved customer support. Virtual assistants such as Siri and smart homes are some of the most widely used Web 3.0 technologies now. So, the future is already here.

Web 3.0 Core Components

Today, Web 3 is called the most revolutionary change of the future because the Internet has become an integral part of life, uniting communities, politics, the economy, and much more. The latest network works on the latest technologies: Blockchain, AI & ML, VR.

Blockchain

It's all about decentralization. Blockchain opens up new opportunities for content authors and owners who post it on different platforms. Now everything is converted into a token and stored decentralized - there is no longer a single point of control, and there are no intermediaries. This creates the prerequisites for a new economy. An essential element is the security and safety of data that belongs to you. No cookies or fears that databases can be hacked or corrupted – Blockchain easily solves these issues.

Artificial Intelligence & Machine Learning

Speak as you like – you will be understood. Have you ever noticed that the right question solves everything? You will no longer have to spend time searching or entering the "correct" query – the system will understand even a hint. Well, okay, this is an exaggeration, but syntax ceases to play an essential role as the semantic web is applied. And this means more accurate recommendations, analyses, and predictions.

Virtual Reality (3D Visualization And Active Presentation)

Wake up. The Matrix has you. A joke that turned into reality. First, augmented reality and now virtual reality, in combination with artificial intelligence, create an immersive experience. Currently, it is widely used in education (for example, doctors and rescuers) and e-commerce. The ability to interact with any item or visitor makes such an experience unique, and the constant development of technology improves it every day. Creating new immersive worlds has only just begun and has already gained incredible popularity. Virtual showrooms, assistants, and consultation offices are only a tiny part of the application of technology in combination with Web 3.

Web 3.0 Exceptional Capabilities

The use of disruptive technologies and the gradual transition from edge computing give new capabilities to Web 3.0 and distinguish it from previous versions:

Web 3.0 Advantages and Disadvantages

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1. No central point of control. As intermediaries are removed from the equation, they will no longer control the user's data. It reduces the risk of censorship by governments or corporations and the effectiveness of DDoS attacks.
2. Information connections. As more products connect to the Internet, large data sets provide algorithms with more info to analyze. This can help them provide more accurate data that meets the specific needs of an individual user.
3. More efficient browsing. Using search engines to find the best results can sometimes be tricky. Contextual search and metadata have significantly advanced this process. Now browsing the pages will become even more convenient, which can help anyone find the exact information they need.
4. Advanced advertising and marketing. Few people like being bombarded with unnecessary online advertising. However, if the ads are relevant to your needs, they can be helpful rather than annoying. Web 3.0 aims to improve advertising by using more intelligent AI systems and targeting specific audiences based on consumer data.
5. Improved customer support. Customer service is critical to the smooth operation of websites and applications. However, many successful web services struggle to scale their customer service operations due to the enormous costs involved. Using intelligent chatbots that can communicate with multiple customers simultaneously, users can have a great experience dealing with support agents.

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1. First and foremost, we're still not entirely ready for a full launch. The gradual introduction of changes and transition has already begun, but the technologies are still not sufficiently developed to implement Web 3.0 fully.
2. Devices also need changes: it is necessary to expand their capabilities and make them more accessible.
3. When Web 3.0 is fully realized on the Internet, everything built based on Web 1.0 technology will become obsolete.

Web 3.0 in Real Life Examples

If you still think this is a very distant future, look around; you are already living in it. Web 3 can already be found in many areas, including virtual assistance, education, social networking, messaging, exchange services, browsing, etc.

Smart houses are already based on this technology, which allows you to monitor the home remotely from any of your connected gadgets and control it. Planning shopping at the supermarket? Your fridge can send you a list of the products it contains. Are you planning a vacation? The virtual assistant will make a route for you, choose the most complimentary tickets, and a room with a sea or mountain view, depending on your preferences. The most revolutionary companies have already started implementing Web 3.0 in applications an gadgets.

Siri

Notice how much better Siri's recommendations and search results have become? The list of its possibilities has significantly expanded, and its quality has increased. It already uses advanced technology to meet user needs.

Wolfram Alpha

Wolfram Alpha, as sources say, is Siri's best friend because now it also uses Web 3.0 and has significant advantages in the speed of providing information to end users. This intelligent computational platform offers users responses from fields such as math, nutrition, and science; it quickly connects with other applications to gather information from their databases and optimize data for its users.

Steemit

An excellent example of the social network of the future built based on Web 3.0 technology. It is a fully decentralized social platform powered by the Steem Blockchain. Each content creator is rewarded in cryptocurrency for contributing their material to the site.

There are also other worth mentioning applications, like Sola – another social network based on the Ethereum blockchain with AI algorithms; IDEX – an Ethereum-based exchange platform; a secure messenger e-Chat; decentralized digital library LBRY, etc.

Web 3.0 And Cryptocurrency

Blockchain and cryptocurrency have great potential when it comes to Web 3.0. Decentralized networks incentivize more responsible data ownership, management, and content creation. Some of the most crucial are:

Digital crypto wallets. Anyone can create a wallet that allows transactions and acts as a digital identity – no need to create an account with a centralized service provider. You have complete control over your wallet, and often the same wallet can be used in multiple blockchains.

Decentralization. The transparent distribution of information and influence among many people is carried out with the help of the Blockchain. This contrasts with Web 2.0, where large tech giants dominate most areas of our online lives.

Digital economy. The ability to own data on the Blockchain and use decentralized transactions creates a new digital economy. This allows us to easily rate and sell online goods, services, and content without needing bank or personal details. Such openness helps to improve access to financial services and enables users to start earning.

Compatibility. On-chain DApps and data are becoming increasingly compatible. Blockchains built using the Ethereum Virtual Machine can easily support each other's DApps, wallets, and tokens. It helps increase the diffusion needed for Web 3.0 experiences.

The final implementation of Web 3.0 is only a matter of time, but it is not worth delaying. Many applications and platforms are already adapting to the technologies of the future, striving for the decentralization and security that Blockchain can provide and the immersive experience and interaction provided by other emerging technologies. Examples of successful adaptation prove that the spread of Web 3 will also occur exponentially, and those who will be on the crest of this wave will get the most.

Have you already plunged into this world of new cryptocurrencies and opportunities? Do you plan for the future? Please share your experience or thoughts about this in the comments below.