Blockchain-based technologies like cryptocurrency, blockchain, metaverse, NFTs, and distributed ledger technology, among others, are being hailed as the turning point of the internet — a more open and transparent variant of the web that would be controlled by users rather than tech giants such as Google and Facebook.

What is Web 3 or Web 3.0?

Websites and apps of the future will be able to process inputs like people using techniques like Machine Learning, Blockchain technology, and Big Data through web 3 or 3.0.

Rather than storing data in a single repository, as is now the case, Web 3.0 intends to employ blockchain to store information in a more decentralized manner.

·        Ideas That Resulted in Web 3.0

“Intelligent agents” or computers that could interpret information in a human-like manner were introduced by Tim Berners-Lee in 1999 to describe the Semantic Web, an improved version of the current internet.

“An enhancement of the current web where information is given well-defined meaning, enabling machines and humans to work in cooperation,” stated Berners-Lee and other authors of the Scientific American article “The Semantic Web” in May 2001.

The semantic web proposed by Tim Berners-Lee may not be Web 3.0, but it has been regarded as a step toward open, untraceable, and anonymous networks in recent advances.

·        Web 1 and Web 2

People with technological expertise were able to post material to the online platform in a decentralized manner in 1989 when Tim Berners-Lee built the first web.

First coined in a 1999 magazine article, Web 2.0 witnessed the emergence of simple-to-use technologies that allowed anybody to publish content on the web, but at the cost of centralization into the digital giants, we know today, such as Google and Facebook.

According to advocates, Web3 will provide the perfect blend: simple, decentralized tools that are easy to use.

Will The Decentralized Internet of the Future Replace Google?

Big Tech firms like Facebook, Amazon, Apple, and Google fear that Web 3.0 will retake control of the internet.

Web3.0 data will be stored on blockchains, making it the property of the users who access it.

But will Web 3 replace Google?

In the early stages of development, little is known about Web 3.0. As far as we know, Web 3.0 will greatly improve the user experience.

Even those with physical disabilities can benefit from the metaverse’s ability to modify the environment around them.

Future of Web 3.0

In contrast to the existing internet, Web3 does not have a widespread infrastructure. Before the Web3 goal can be fulfilled, massive development, consolidation, and availability efforts are required.

Web3 might not even stay true to the fanfare it has been promised.

The question of whether or not Web3 can scale in a sustainable manner remains unanswered and whether or not we can change the way people think about Web3 is an open question.

Although there are no simple solutions, we are eager to explore the opportunities and problems these issues imply in the future.