Today, there is no longer any doubt: the advent of the Internet gave impetus to the most important technological revolution of all known to mankind. The Internet has removed geographic barriers, made information more accessible, and provided people with communications that were previously only dreamed of.
Sometimes it seems that we are again at the very beginning of the «Roaring Twenties» – at the dawn of a new era.
Over the past decade, celebrity companies and startups have laid the foundations for the next generation of Internet, from blockchain to artificial intelligence, bringing humanity closer to the next stage in the evolution of the world wide web.
What is Web 3.0 and how did it come about?
Initially, only Web 1.0 was available. This was the first stage of the development of the Internet: web pages in it were static, and users did not have the opportunity to actively interact with each other on the network. Web 1.0 was limited to reading web pages in HTML format. It was mostly news or other non-interactive content.
At the end of the 20th century, a new version of the Internet began to take shape, giving people access to an interactive web. The emergence of the social Internet ultimately enabled the emergence of corporate Web 2.0 giants such as Facebook, Twitter, and YouTube, and popularized user-generated content and interoperability between sites and applications. Then new businesses and new business models emerged, from social media to mobile apps. Web 2.0 introduced new revenue streams that were not possible in the Web 1.0 era.
Today this technology is more than two decades old, and, apparently, soon it will be replaced by an even more advanced version of the Internet.
There is no clear definition of Web 3.0 yet (after all, the technology has yet to be fully introduced), but there are some characteristics that everyone involved generally agrees on. Typically, Web 3 is associated with the Semantic Web, Artificial Intelligence, 3D Graphics, and Universal Applications.
Web 3 is also decentralized. This eliminates intermediaries in all areas and allows for reliable and secure peer-to-peer transactions around the world. Features like these will benefit the fast-growing creator economy by allowing members anywhere in the world to securely online transactions without intermediaries or third parties.
The Role of Blockchain and Decentralization in the Web 3
In addition to artificial intelligence and 3D graphics, blockchain and its underlying technologies will be the driving force behind the next generation of the world wide web. For the first time in the history of the Internet, Web 3.0 will become a democratic, user-centric platform without centralized governance.
Web 2.0 allowed infinite exchange of information, but often under the control of a centralized intermediary. In the world of Web 3.0, users will be able to interact with each other without the intervention of third parties. This will allow the free exchange of information and reduce the risk of censorship by governments and corporations.
What does Web 3.0 mean to you?
A cryptocurrency (like Bitcoin or Ether) is a completely decentralized network governed by certain underlying protocols. The use of these blockchains is growing thanks to the expanded use of the network, the development of decentralized applications (dApps), the growth of decentralized finance (DeFi), and the adoption of non-fungible tokens (NFTs). This is the same scenario for Web 3.0 and related technologies.
Helping to develop these protocols and solutions is one of the most effective ways for human participation in the next stage of the Internet’s evolution. Besides buying cryptocurrency directly, you can learn more about DeFi projects including PancakeSwap or BakerySwap. These are decentralized exchanges (DEX) that make exchanging tokens easier. These DeFi projects also allow cryptocurrency to be placed in liquidity pools and earn additional tokens for added liquidity and active use of funds.
Binance, the largest crypto exchange, offers crypto futures and deposit products , among other things. Thus, through unique innovative offerings, investors gain universal access to Web 3.0 and the world of cryptocurrency.
In the past year, cryptocurrency users, including newbies, have begun to take an interest in the world of NFT, or non-fungible tokens. We recently launched our own Binance NFT marketplace, allowing users to buy masterpieces and invest in digital art. In the Web 2.0 world, this was not possible.
Web 3.0 is around the corner. Are you goth for this ?
Humanity is on the verge of another technological revolution. The advent of Web 3.0 will be a revolutionary event not only for people, but possibly for the future of their capital as well. Investors and developers who have grasped the power of the next generation Internet will be in an advantageous position as the world begins to take advantage of the benefits of Web 3.0.
Direct investment in blockchain protocols with cryptocurrency is a great start. Binance users have access to a full line of financial products and a trusted fiat-to-crypto gateway. Also, don’t forget about the other Web 3.0 products available in DeFi, decentralized apps, and NFTs.
In the summer of 2013, Bitcoin was worth less than $ 100. Eight years later, 1 BTC is valued at over $ 40,000. Bitcoin and the many other protocols it has influenced have the potential to completely and permanently change the digital landscape we know. We are seeing new benefits and uses of blockchain and Web 3.0, so now is the time to start researching and investing in the development of the World Wide Web .
