Home Crypto What… in the Web 3.0 is going on!?

What… in the Web 3.0 is going on!?

What… in the Web 3.0 is going on!?


Photo by Lidiia Nemyrova on Unsplash

You may be too young to have gone through the experience… but before the digitization of music (e.g., MP3), there was the cassette tape.

Today we are transitioning from Web 2.0 (compact disk) to version 3, better known as Web 3.0, a new phase of digital communication (the internet).

It’s both exciting and confusing. So, let’s break it down.

The Rise of the Internet

In the 1950s, the switch to electronic computers started the conversation around the concept of developing a wide area network.

Then in 1957, with the launch of Sputnik into space, wireless communication became possible.

In the 1960s, networks were being developed around the world. But the US government needed a more efficient communication method; the result was ARPANET.

Global Networking

After a successful demonstration of intra- networking, ARPANET was successfully connected to a computer in London.

Next, the internet went public through Telenet, which operated the first public packet-switching network.

We transition from the era of the 80s when new networks became publicly accessible to the rise of the World Wide Web in the 90s.

In 1996, the first Internet Convention took place, but more than that… Nokia released the “Communicator,” which ran the GEOS 3.0 operating system (OS) and had faxing capabilities.

This led to the revolution of Web 2.0, where creating, editing, and sharing of user-generated content could be performed online using Flash, Silverlight, and Javascript.

And Now… Web 3.0

First, we must understand that Web3 is still evolving, but…

The third generation of the web will create a path to decentralization, increase connectivity, and improve global adoption of hybrid web-based applications.

Its infrastructure will be built using blockchain, integrate forms of artificial intelligence, focus on interactivity and reinforce usability.

Web3 Toolkits and Opportunity

We’ve gone through many iterations of technological advancements within the blockchain space — new forms of smart contracts and consensus algorithms.

Within Web3, open-source software development kits (SDKs) drive innovation to build metaverses, develop products, provide services, and even construct DAOs (decentralized autonomous organizations).

We as a society are undergoing a significant shift in the environment and economics. For many, it’s inherent to be resistant to change.

But Web3 opens the door to a portal of opportunities to accelerate innovation, streamline go-to-market strategy, create equitable spaces, and enhance the creator economy.

If we build collaboratively, creativity increases, and adoption improves.

Stay tuned for more, as we, too, build for not only the metaverse but for the future sustainable world of tomorrow, today.

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