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Web 3.0, or let’s just say ‘the intelligent web’ uses natural language search, data mining, semantic web, machine learning, and artificial intelligence to deliver a highly intuitive user experience.
There’s no ‘exact’ definition for Web 3.0 as of now. That’s because the applications and features of Web 3.0 are constantly evolving. Currently, there’s no sure way of saying that we have passed the Web 3.0 stage, or if it’s matured and done.
Web-version shift is a process that takes time and doesn’t happen overnight. However, the change from Web 2.0 to Web 3.0 is happening and we are transcending. The upcoming Web 3.0 wave has passed the initial cryptocurrency hype and one thing is clear by looking at the interaction.
The Global Web 3.0 scope is immense. And the hype is real!
In this blog post, we’ll explain what is Web 3.0 and how it evolved from Web 1.0 to Web 2.0 to Web 3.0. We will also discuss some Web 3.0 examples and explain Web 3.0 features and applications.
Web 3.0 is a decentralized, data-driven 3rd iteration (or version) of the internet using AI, machine learning, and blockchain. The purpose of Web 3.0 is to deliver smart user experiences.
There’s an ongoing power shift happening from big ruling companies like YouTube, Facebook, and Amazon to users. This is likely to happen completely in the years to come through Web 3.0.
However, it’s worth noting that Web 3.0 is not fully here. You can say it’s yet to be fully implemented. However, it will surely cause ripples once it’s here!
We can’t completely understand the Web 3.0 definition and examples. That’s because implications and applications of Web 3.0 will keep on developing. In order to fully understand Web 3.0, you need to start from Web 1.0 and 2.0.
Web 1.0 is the first version of today’s web. In this, ‘read-only’ static and personal websites displayed information. The purpose of the early web was to search and read relevant information. Content generation or user interaction was less of a concern. Web 1.0 examples include Myspace, LiveJournal, etc.
Web 2.0 is the second version of the web. It moved beyond read-only websites and users contributed content and interacted with other web users. In the Web 2.0 era, users created content and distributed it through communities and social platforms. Web 2.0 examples include Facebook, YouTube, Flickr, etc.
The way we are using the web today has changed. It wasn’t always this way. In fact, it was a lot different!
Web 1.0 came in the time period from 1990 - 2000. According to Tim Berners-Lee, this version of the web is the ‘read-only web’. In this, users did not participate much, rather only consumed information from static read-only websites.
Web 2.0 arrived in 2001 and conquered the digital landscape till 2011. It moved read-only websites to responsive websites. Over here, users could generate and share content. However, it didn’t allow full interaction of users and only allowed sharing of photos and videos on social sites.
Then in 2011, the Web 3.0 era began (and is still going on). This brought about semantic web that understands the context of user search. It brings forward the most accurate results using AI (artificial intelligence) and ML (machine learning).
Here’s an evolution infographic.
Let’s look at examples of Web 3.0, Web 2.0, and Web 1.0.
Below are some Web 3.0 website examples as well as Web 3.0 applications examples:
Here are examples of Web 2.0 websites and applications:
Examples of Web 1.0 include:
Take a look at the table below to understand the difference between Web 1.0, Web 2.0 and Web 3.0.
Let’s look at the key features and applications of Web 3.0:
Web 3.0 is built on an open source software with an open and accessible developers community. Plus, this version of the web is decentralized. This means no third party is involved, hence there is full autonomy for participants/users.
One of the major features of Web 3.0 is that it is not controlled by any governing authorities. This means that users don’t need any permission before or while using web 3.0.
Many users want to know ‘what is a component of Web 3.0 that describes things in a way that computers can understand?’
The answer to that is simple - Semantic Web.
Semantic web improves web technologies for creating, sharing, and connecting content through search and analysis. It comprehends words (such as LSI keywords) rather than tags, numbers, or simple keywords.
Web 3.0 uses natural language processing. This distinguishes information just like humans and provides faster and relevant results. Natural language processing in Web 3.0 is what they call a ‘game-changer’.
Web 3.0 uses 3 dimension design in websites and services like eCommerce, games, etc. This adds an extra layer of creativity and helps your website look unique.
Web 3.0 ensures that information and content will be more connected and ubiquitous. This means it can be acessed by multiple applications and with more and more devices everyday. Of course, the devices would have to connected to the web for this. One example of this is IoT (Internet of Things).
Web 3.0 gives you 100% control over your data. It allows data generating sources to be sold without losing control on ownership. Examples of this include:
Web 3.0 has changed the way we use the web for good. It’s 100% better than it’s previous versions because:
Web 3.0 has made the internet more reliable for users. Before, search results weren’t necessarily accurate. However, semantic web has changed the game. Now (more often than not), users get search results for their exact queries. The result? Around 100% user satisfaction.
Furthermore, voice searches based on ML algorithms are making search even more convenient. Not only that, but chatbots with ML algorithms have made talking to multiple customers at the same time possible. This allows queries to be dealt with in seconds.
This has greatly improved the experience of users, especially in customer support scenarios (where satisfying customers was too costly given the resources required).
Finally, the use of Web 3.0 technology has also made a significant impact. One Web 3.0 technologies example includes blockchain technology. This has led to the internet getting the support of decentralized networks.
Looking for Web 3 Social Media Website Development? We can do it all.
With Web3, a decentralized internet can be created. This will give users greater authority over their data and online activities. Plus, blockchain technology makes peer-to-peer transactions possible. This eliminates the need for intermediaries while improving security and anonymity.
Financial services like lending, borrowing, and trading become possible through Web3 applications (like decentralized finance (DeFi). These don’t require the support of traditional banks.
Furthermore, Web 3.0 also makes it easier to establish and run decentralized autonomous organizations (DAOs). These are run by the community and managed by smart contracts. Not only that but this new paradigm supports the creation/exchange of NFTS (Non-fungible tokens). This provides distinct digital ownership for users and offers safe digital asset trading.
All great things come with its challenges and downsides. You see, gaining ‘complete user control of data‘ isn’t easy. Governments and corporations can’t help but get involved.
Jack Dorsey, former Twitter CEO, thinks that regular users won’t get control. Instead, venture capitalists or investors will gain control. This means there will still be centralized control over users’ data.
Of course, if decentralization does occur, that has a downside too. There will be a rise in cybercrimes and online abuse. That’s because Web 3.0 won’t be monitored or regulated.
The future of Web 3.0 is bright and sunny. With Web 3.0, users can expect a more equitable and innovative internet that provides them with greater control over their interactions and data.
Currently, the blockchain market has reached a compound annual growth rate (CAGR) of nearly 70%. This number is only set to grow in the future.
Furthermore, NFTs are going mainstream with Web 3.0 In 2021, NFTs were first-introduced to the public and their popularity has grown. Expect a future full of global media brands releasing NFT collections!
Finally, interactive experiences (like the Metaverse) are also growing in popularity. Studies show that 25% of the population will spend at least one hour in the Metaverse by 2026. Only time will tell just how true that is!
The possibilities for Web 3.0 remain endless. Expect a future full of advancements in artificial intelligence, decentralized finance (DeFi), and semantic web technologies. As we said, the future for Web 3.0 is bright!
Web 4.0 is still in the future. It is an idea about a smarter, more connected internet. This version will focus on AI-driven services and fully immersive experiences. Think of virtual reality, brain-computer interfaces, and seamless automation.
We’re not there yet, but it’s coming!
With Web 3.0 being relatively new, not every web developer knows how to make the most of it. That makes hiring Web 3.0 developers a challenge. Luckily, we’re going to simplify this challenge for you!
Our team of skilled developers are well versed in Web 3.0 development skills. Our web 3.0 development services ensure that you will get:
Contact us to get started. We will provide you the best team for your project!
Read More: Hiring an Agile Nearshoring Team? Key Factors to Consider
The answer to ‘What is Web 3.0’ isn’t as simple as most people think. To understand Web 3.0, you have to look at its entire journey from Web 1.0 to Web 2.0, and finally Web 3.0.
Web 2.0 is significantly driven by mobile, social, and cloud technologies whereas Web 3.0 is powered by edge computing, decentralization, AI/ML, and blockchain.
The ultimate goal of Web 3.0 is to build more intelligent, connected, and decentralized website applications and services.
Since the change from Web 2.0 to Web 3.0 is currently happening, our experiences are already benign changed. Most people think that Web 3.0 will alter how websites are developed and how people interact with the web.
Only time will tell though. One thing’s for sure though. By the time Web 4.0 rolls out properly, we’ll have even more answers!