What is Web3?
Web3 is also known as Web 3.0, It is the next major stage in the evolution of the Internet. Much like the basis of digital currency, helped by the IoT ecosystem, The emergence of the metaverse, and non-fungible tokens (NFTs.)
This new Internet phase will depend on decentralization, openness, and greater use for individual users.
To understand Web3 better, It may be useful to review the current and previous stages of the Internet. Unlike the current Web 2.0 stage, Where platforms and applications are owned by central entities, like big tech companies, Web 3.0 platforms and applications will be developed, owned and maintained by users.
The upcoming Web3 iteration of the Internet is expected to be more like the initial Web 1.0 phase than the current Web 2.0.
Web1 dates back to the 1990s, It was the beginning of the World Wide Web.
As is also expected of Web3, Web1 is defined by decentralized protocols and single users.
To understand Web3 more clearly
Simply, Web3 is a future, decentralized form of the Internet. where users become its owners. Instead of using free apps and platforms that collect user data, In the future Web3 users will be able to co-create, operate and manage the protocols themselves.
In Web3, Ownership can be represented by digital tokens or cryptocurrencies through decentralized networks known as blockchains.
for example, If you have enough numeric codes for a particular network, You may have a say in the operation or management of the network.
This is similar to how shareholder voting rights allow registered shareholders of a corporation to vote on certain corporate actions.
The most important thing you need to know
For investors, Web3 can offer opportunities around the decentralization of finance, which can open up new markets, Just like cryptocurrency and NFT have done.
for example, Investors can monitor new transaction infrastructure, such as lending protocols, which is potentially devastating. And while Web3 may still be far from capturing a large market share, However, it is expected that the interest of investors and venture capitalists will increase as people become more familiar with the new stage of the web.
Web2 or Web3 which is better
Web2This is the phase we have been in since the early 2000s, when the emergence of giant platforms such as Google, Facebook, Twitter, and Amazon, as well as services such as Uber and Venmo, provided a centralized commerce ecosystem for the Internet by making it easier to connect, browse, and interact. and make transactions online.
These large companies capture a lot of the monetary value generated from the Internet.
Web3 : This is the future of the Internet, as we return to the single benefit of Web 1.0, but this time based on blockchain technology and digital tokens that can support a decentralized Internet.
Rather than the large companies in Web2 capturing the bulk of the cash value, Web3 replaces central entities with decentralized networks that distribute value to creators, users, and developers.
Briefly…
Web3 is the future stage of decentralized web development, Where users become owners of it. This contrasts with the current Web2, Which is dominated by the big central players that capture most of the monetary value of the Internet.
While Web3 is still in its infancy, It is likely to affect the investment community and the economy in the coming years.
