In the next decade, almost every sector is expected to adopt Web3 blockchain technology in their operations. Since the early days of Web 1.0, when the internet was only able to exchange text-based information, a lot has changed. Web 3.0 is going to ultimately transform the next generation of web technologies.
Everything we know about the Web will drastically change as the user’s experience will be tailored to the users' preferences and needs. The core difference between Web 3.0 and Web 2.0 is how they use blockchain technology because, while Web 2.0 gives us the ability to create and share content with other people, we don’t necessarily own our data.
Web 3.0 is a decentralised online ecosystem built on the blockchain, originally conceptualised by Tim Berners-Lee. Web 3.0 is made of the Semantic web, AI, and natural language processing (NPL), which are the core of blockchain technology, but it also consists of 3D graphics and other features such as ubiquity and connectivity.
Web3 blockchain will completely transform the conventional processes of many different sectors.
A few tech companies have already begun to put Web 3.0-based concepts into practice. Twitter launched Bluesky in 2019, an independent project focused on developing a decentralised social network protocol that would allow multiple social networks to interact with each other.
It’s (Bluesky) a competitor to any company trying to own the underlying fundamentals for social media or the data of the people using it.
Jack Dorsey on Twitter
Web 3.0 is more intelligent, effective, and linked than Web 2.0. Its development is expected to skyrocket in the next couple of years. Web 3.0 will completely change how we communicate and engage with one another online, thanks to its expanded capabilities.
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HONEY is a women-led digital fashion studio founded in 2021. We specialise in fashion design and animation for metaverses, digitalisation of physical collections, and fashion NFT creation.