Introduction
The Internet is a technology that is always changing and innovating. We have already used Web 1.0 and 2.0, and there is much talk about what Web 3 will bring. Users of Web 1.0 received a static experience because they were unable to build modern, content-rich websites. Social media and dynamic websites from Web 2.0 brought us closer together but at the expense of centralization.
Web3 seeks to build a semantic web and offer us control over our online information. This implies that computers will have no trouble processing and reading user-generated content. Blockchain will give rise to decentralization, open digital economies, and free digital identities with cryptocurrency wallets.
The availability of 3D alternatives will increase how immersively we connect with the internet. Additionally advantageous to the consumer are effective browsing, pertinent advertising, and enhanced customer service. Smart homes that are networked and virtual assistants like Siri and Alexa employ some of the most popular Web3 technology.
What is Web 3?
The next generation of Internet technology, known as Web3, is primarily reliant on blockchain, AI, and machine learning. Gavin Wood, the creator of Polkadot and an Ethereum co-founder, invented the phrase. Web3 will provide consumers more control over their online data, while Web 2.0 concentrates on user-created content hosted on centralized websites.
The trend seeks to develop online apps and websites that are intelligent, open, and have better machine-based data understanding. Web3 also benefits from decentralization and digital economies, which enable us to assign values to information produced online. It's also critical to recognize that Web3 is an evolving idea. There isn't a single definition, and individual interpretations can vary greatly.
How it works?
Web3 uses AI and sophisticated machine learning algorithms to deliver personalized and relevant content more quickly. Machines will be able to comprehend and propose material on an intuitive level thanks to advancements in Big Data analytics and smarter search algorithms. Web3 will also prioritize support for accessible digital economy and content ownership by users.
Modern websites usually provide either user-generated content, such as social media or forums, or static information. Although this makes it possible for data to be shared widely, it doesn't address the needs of particular users. A website needs to personalize its content for every visitor, mirroring the fluidity of in-person interactions. With Web 2.0, individuals give up ownership and control of their information once it is posted online.
Key features
Although Web3 hasn't been adopted completely yet, its fundamental ideas have largely been established. The four subjects listed below are frequently cited as being the most crucial to the Web3 future.
Semantic HTML
Machines are now more adept at comprehending the information and media that people produce. To create a seamless experience where meanings are completely understood, there is still more work to be done. For instance, the term "bad" can sometimes be used to refer to "good." The difficulty of a machine comprehending this can be very high. With Big Data and more data to analyze, AI is starting to comprehend what we write online better and convey it intuitively.
Cryptocurrencies and blockchain technology
Gavin Wood envisions a Web3 in which decentralization, online economies, and data ownership are fundamental components. As we'll go into more detail later, blockchain offers a tried-and-true method to accomplish many of these objectives. Web3 benefits greatly from the ability for anyone to tokenize assets, put data on a chain, and establish a digital identity.
3D interaction presentation and visualization
The appearance of the web will drastically change, to put it simply. A trend toward 3D surroundings that even use virtual reality is already evident. One space that is leading these experiences is the metaverse; we are already accustomed to interacting with others through 3D video games. Additionally, the domains of UI and UX strive to convey information in more understandable ways.
Use Cases
Web3 is still being developed, but here are some examples that are currently in use:
Alexa and Siri virtual assistants
Virtual assistants like Apple's Siri and Amazon's Alexa both fulfill a lot of the Web3 requirements. AI and natural language processing aid in both services' improved comprehension of spoken instructions from people. Siri and Alexa's AI gets better at making recommendations and interacting with users the more people use it. Because of this, it's the ideal illustration of a semantically intelligent web application that fits into the Web3 framework.
IoT smart home
Web3 is characterized by its accessibility. This implies that we can use a variety of devices to access our data and online services. The heating, air conditioning, and other utility systems in your house can now be managed by smart, networked systems. Your smart home can detect when you come and depart, as well as your preferred temperature. It can make use of all of this data to provide a customized experience. Then, no matter where you are, you may use your phone or other internet-connected devices to access this service.
In a nutshell
The Internet's evolution has been an extensive route, and it will undoubtedly continue with more versions. Websites and applications are evolving toward a more immersive online experience as a result of the enormous explosion of data that is now accessible. Web3 has not yet been given a precise definition, although advancements are already underway. The path we are on is obvious, and blockchain is going to play a big role in the Web3 future.
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