The World of Web3
What is Web 1.0?
If you’re reading this, you’re using the internet right now! It was the first web to help people find information. According to SimpliLearn, “This web version is sometimes called ‘the read-only Web’ because it lacks the necessary forms, visuals, controls, and interactivity we enjoy on today’s Internet.” It’s practically a real-world dictionary, but users cannot react to it.
Here are a few characteristics of Web 1.0:
Static pages connected to a system of hyperlinks
HTML forms get sent through email
GIF buttons and graphics
What is Web 2.0?
“Web 1.0 focused on reading; Web 2.0 focused on participating and contributing,” SimpliLearn states. In this new era of the internet, there is way more collaboration and a huge digital community in progress. As users, we get the chance to be a part of “the participative social Web.”
Web 2.0 characteristics include:
User-generated content
High-Speed communication
Forms of Interaction such as:
Social Media
Blogging
Social Networking (LinkedIn, etc.)
Finally, What is Web3?
Also known as Web 3.0, this improved foundation consists of decentralization, blockchain technology, and token-based economics at the backbone. MetaMask says, “Web3 takes away the need for intermediaries or third parties and gives you direct ownership over your digital identity and assets in a way like never before. It is the shift from an internet of information to an internet of value.”
Remember to note that we are moving away from centralized platforms like Facebook and Instagram, towards protocols that value transparency.
Web3 capabilities include:
Freedom to interact publicly or privately without intermediary risks
Digital ownership over your identity, content, and assets
Other new tech:
Digital payments through cryptocurrency
NFTs
Blockchain games: Allowing users to have actual ownership of in-game resources, following the principles of NFTs
Business Impact of Web3
Many companies are experimenting with the metaverse a.k.a the digital immersive world using decentralized architecture. Forbes, a global media company focusing on business, mentioned internally different industries are getting a glimpse of the future.
Examples include:
Retail: Leaders are looking to expand their digital products in the metaverse
Finance: Services in this industry are diving into cryptocurrency along with hints of skepticism.
Wine: Companies are utilizing Web3 tech to verify and authenticate each bottle. This limits fraud by allowing buyers full transparency about the products they purchase.
Get Involved *IRL*
The International Women in Blockchain Conference is an inclusive DEI Web3 event focusing on empowering women in the blockchain ecosystem. They spotlight industry pioneers as speakers and shine the light on necessary conversations. Join them for a one-of-a-kind experience that celebrates the role of women in shaping the future of Web3 and Metaverse. Buy your ticket now at https://www.womenofblockchain.org/
Now is your chance to be a pioneer and think about how Web3 will alter your future!
By Izzy Mcilvenna
