Meet Web3.0: The New Internet, Blockchain Edition?
Web3 (also known as Web 3.0) is the idea of a version of the Internet that is decentralized and based on public blockchains. The concept has gained immense popularity in 2020 and 2021, with interest from cryptocurrency enthusiasts and investments from high-profile technologists and companies. Now we get to see how things unfold, and what to expect on our journey in the new frontier. Related Reading Refinable Launches Gaming Initiative and Sets Aside $150,000 to Support NFT Gaming X Out The Middle Man Web 3.0 has the potential to change how we use the internet. In this new era, navigating....
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Web3 technology is here to revolutionize how the current internet works. Web3 achieves this by decentralizing the current framework into various pieces instead of centralized technologies. “Web3” is the name some technologists have given to the idea of an internet service built using decentralized blockchains. Why Web3? The internet is evolving; its influence on us […]
Cointelegraph breaks down Web3 and how it can create a better version of the internet and give back control to the people. In the newest episode of Cryptopedia, Cointelegraph's Jackson DuMont dissects Web3 and gives an insightful overview of how the next generation of the internet works. DuMont discusses the basics of Web3 and how it’s different from its predecessors Web1 and Web2.Web1 was the first version of the internet, which occurred from 1991 to 2003. It involved static and read-only HTML web pages with simple design, and DuMont described Web1 users as only "consumers of content." On....
The first thing that comes to mind when thinking of Web3 might be the likes of NFTs, the metaverse or blockchain technology. Although all of these concepts do fall under the umbrella that is Web3, additional features such as credential data networks also fit into the picture, which play an integral part in the progression of Web3. Back to Basics The current structure of the internet (as we know it today), often labelled as Web2, allows for user-generated content to be posted on a number of different channels. As opposed to the first version of the internet that was stagnant and limited to....
Yao Qian predicted that Web3 will reorganize the organizational form and business model of the Internet economy and offer a level playing field for all. The director of the Science and Technology Supervision Bureau of China’s Securities Regulatory Commission Yao Qian has called for a special focus on Web3, deeming it to be the future of the internet.Yao published an article titled "Web 3.0: A New Generation of Internet that is Approaching," talking about the significance of the evolving tech and how the world is at a crucial transition from Web2 to Web3.The article talked about the....
Web3 is bringing “endless” opportunities to Indonesia, changing lives in Nigeria, breaking qualification barriers in India, changing skeptics' minds in the Philippines and is making its way to Uruguay. Delegates at the Binance Blockchain Week talked about their Web3 stories and the growth of Web3 opportunities within their local communities. The recent conference brought crypto community members from all over the world to share their passions, meet like-minded people, learn from keynote speeches by community leaders, and share their perspectives on the state of Web3. One of the topics....