What Is Web 3.0? Everything You Need to Know About Web 3.0

Web 3.0 has the potential to be just as disruptive and to usher in a significant paradigm shift as Web 2.0 did. The fundamental ideas of decentralization, openness and increased consumer usefulness form the foundation of Web 3.0. Web 3.0, often known as Web 3, is the next step in the development of the internet.

Imagine a new kind of Internet that accurately translates what you type and understands what you say, whether through text, voice, or other media, and where all of the content you consume is more personalized than ever before. In the evolution of the Internet, you are about to enter a new era. It's been termed Web 3.0.

But, exactly what is Web 3.0, how will it look, and how will it affect our lives? If you’re curious to know the above, you have reached the right place. In this tutorial, you will get all the answers to your questions related to Web 3.0. 


What Is Web 3.0 Technology?

It is anticipated that Web 3.0 will be:-

  • Open - Open-source software will be used to build content platforms.
  • Trustless - Everyone will use Zero Trust, and network protection will reach the edge.
  • Distributed - Interaction between devices, users, and services will be possible without a centralized authority's approval.

Blockchain technology will make it possible for users to communicate directly with one another throughout the next stage of the internet. Users will communicate by becoming a part of a Decentralized Autonomous Organization (DAO), a group that is run and owned by its community.

Data belonging to the user will be protected via a network of openly available smart contracts. These contracts will be stored in a blockchain, which a decentralized network that nodes will control.

The following are further Web 3 forecasts:

  • All transactions will be tracked on a distributed ledger that uses blockchain technology, and data transfers will be decentralized.
  • Smart contracts that are open to everyone will relieve people of the need to rely on a centralized organization (like a bank) to maintain data integrity.
  • The entertainment sector will significantly increase its revenue from the metaverse.
  • Blockchain technology will make it possible for consumers to instantly produce digital goods and non-fungible tokens (NFTs), which will protect intellectual property and personally identifiable information (PII).
  • Users' data will be able to be profited from.

What Is Web 3.0?

Tim Berners-Lee, a developer who created the WWW or World Wide Web, originally referred to Web 3.0 as the Semantic Web and saw an intelligent, self-sufficient, and open Internet that employed AI and machine learning to function as a "global brain" and interpret content conceptually and contextually.

Due to technological constraints, such as how expensive and challenging it is to translate human language into machine understandable language, this idealized version didn't quite work out.

Following is a list of typical Web 3.0 traits:

  • The semantic web is a development in online technology that enables people to produce, share, and connect material through search and analysis. Instead of using numbers and keywords, it is centered on word understanding.
  • It uses machine learning and artificial intelligence. The final result is the formation of Web 3.0 to grow smarter and more receptive to user demands. If these ideas are paired with Natural Language Processing (NLP), the result is a computer that uses NLP.
  • It illustrates how the Internet of Things connects various devices and applications (IoT). This procedure is made possible by semantic metadata, allowing for the efficient exploitation of all available data. In addition, anyone can access the internet from anywhere at any time without a computer or other smart device.
  • It gives users a choice to interact in public or in private without exposing them to dangers through a third party, providing "trustless" data.
  • 3-D graphics are used. In fact, this is already evident in e-commerce, virtual tours, and computer gaming.
  • It makes participation easier without requiring consent from a ruling entity. It's without authorization.
  • It is applicable to: 

Metaverses: A limitless, virtual environment that is 3D-rendered

Blockchain video games adhere to the NFTs' ideals by enabling users to possess actual ownership of in-game resources.

  • Digital infrastructure and privacy: Zero-knowledge proofs and more secure personal data are used in this application.
  • Financial decentralization. Peer-to-peer digital financial transactions, smart contracts, and cryptocurrencies are examples of this use.
  • Autonomous decentralized organizations. Online communities are owned by the community.


What Is Web 2.0?

If Web 1.0 consisted of a small group of individuals producing material for a bigger audience, Web 2.0 consists of many individuals producing even more content for an expanding audience. Web 2.0 places more emphasis on participation and contribution than Web 1.0 did on reading.

User-Generated Content (UGC), usability, interaction, and enhanced connectivity with other systems and devices are the main focuses of this Internet form. In Web 2.0, the experience of the user is everything. As a result, this Web form was in charge of establishing social media, collaborations, and communities. Web 2.0 is therefore regarded as the dominant method of web interaction for the majority of users in today's world.

Web 2.0 is described as "the participative social Web," whereas Web 1.0 was referred to as "the read-only Web." With the incorporation of web browser technologies like JavaScript frameworks, Web 2.0 is an improved and expanded version of its predecessor.

The typical traits of Web 2.0 are broken down as follows:

  • It includes dynamic content that reacts to user input
  • It uses developed application programming interfaces (API)
  • It encourages self-use and allows forms of interaction like podcasting, social media, tagging, blogging, commenting, curating with RSS, social networking, and web content voting
  • It offers free information sorting, allowing users to retrieve and classify data collectively
  • It employs developed application programming interfaces (API)
  • It uses developed information; it is used by society as a whole and is not just specific communities.

  • The Difference Between Web 1.0, Web 2.0, Web 3.0

    Web 1.0

    Web 2.0

    Web 3.0

    Despite only providing limited information and little to no user interaction, it was the first and most reliable internet in the 1990s.

    Because of developments in web technologies such as Javascript, HTML5, CSS3, etc., and Web 2.0 made the internet a lot more interactive.

    Web 3.0 is the next break in the evolution of the Internet, allowing it to understand data in a human-like manner.

    Before, there was no such thing as user pages or just commenting on articles.

    Social networks and user-generated content production have flourished because data can now be distributed and shared.

    It will use AI technology, Machine Learning, and Blockchain to provide users with smart applications.

    Consumers struggled to locate valuable information in Online 1.0 since there were no algorithms to scan through websites.

    Many web inventors, including the above-mentioned Jeffrey Zeldman, pioneered the set of technologies used in this internet era.

    This will enable the intelligent creation and distribution of highly tailored content to every internet user.

    Key Features of Web 3.0

    Although Web 3.0 has not yet been given a formal definition, it does have several distinguishing characteristics: -

    • Decentralization: A fundamental principle of Web 3.0. In Web 2.0, computers search for data that is kept at a fixed location, typically on a single server, using HTTP in the form of distinct web addresses. Information might be stored simultaneously in numerous locations and become decentralized with Web 3.0 since it would be found based on its content rather than a single location. This would give individuals more power by dismantling the enormous databases that internet goliaths like Meta and Google presently maintain.
    • With Web 3.0, users will be able to sell their own data through decentralized data networks, ensuring that they maintain ownership control. This data will be produced by various powerful computing resources, such as mobile phones, desktop computers, appliances, automobiles, and sensors.
    • Decentralization and open source software-based Web 3.0 will also be trustless (i.e., participants will be able to interact directly without going via a trusted intermediary) and permissionless (meaning that each individual can access without any governing body's permission). This means that Web 3.0 applications—also known as dApps—will operate on blockchains, decentralized peer-to-peer networks, or a hybrid of the two —such decentralized apps are referred to as dApps.
    • Artificial intelligence (AI) and machine learning: With the help of the Semantic Web and natural language processing-based technologies, Web 3.0 will enable machines to comprehend information similarly to humans. Web 3.0 will also make use of machine learning, a subset of artificial intelligence (AI) that mimics human learning by using data and algorithms, gradually improving its accuracy. Instead of just targeted advertising, which makes up the majority of present efforts, these capabilities will result in faster and more relevant outcomes in a variety of fields like medical development and new materials.
    • Connectivity and ubiquity: With Web 3.0, content and information are more accessible across applications and with a growing number of commonplace devices connected to the internet. The Internet of Things is one such example.