After the popularity of Metaverse, Web 3.0 - is a new keyword that takes over the internet world. Also known as Web Decentralization, Web 3.0 is the third version of the Internet, which is an increase in the current Internet Web 2.0.
Under Web 2.0, the internet has become more social. Under this stage, internet users have been encouraged to connect with each other through social networking services and blogs, which have led to the creation of large volumes of data and content.
However, these data and content are mostly controlled by a small group of giant technology including, Amazon, Apple, Meta, Microsoft and Google in the current web 2.0 stage. This creates privacy problems and users may think that they have lost freedom of their personal, business or financial data because someone must accept all the terms and conditions to use internet services offered by these companies.
In addition, social media sites have implemented more stringent norms for the type of content or post that will be accepted on their platform. This has created controversy over free speech.
Web 3.0 is anticipated to help overcome this problem as expected to be a decentralized Internet version where people have control over their data. The third version of the Internet will have more transparency and boast of large content that will be accessible to all.
In addition, Web 3.0 is believed to be more specific for users, which will ensure data security and privacy while avoiding the risk of internet hacking.
Up with web trends 3.0
Web 2.0 has made several billionaires including Mark Zuckerberg Facebook, Amazon Jeff Bezos and Twitter Jack Patrick Dorsey. Also, the success of the Web 2.0 company has provided opportunities for investors to generate significant money through equity investment.
However, if you miss taking off-Web 2.0, Web 3.0 can be an opportunity to redeem it. At present, companies that run their business on Web 3.0 models are a mostly private startups. These companies are trying to develop financial platforms and social media. Some companies are developing a temporary payment platform that has built games on 3.0 business models.
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