Technology and politics reflect people’s requirements at a specific point of time in history. Therefore, people in charge along with innovators like Tim Berners-Lee keep changing the international technical standards or relevant governmental policies to fulfill public’s needs.
Web 3.0 is a transformation in the way we use web technologies.
Web 3.0 or Web3 is the initiation of the next Internet revolution — the evolution of decentralized technologies (blockchain) based on what people have wanted for a long time. The general public no longer wants their data to be controlled by a few organizations such as Twitter, Facebook, etc. Instead, people want things to be more transparent and without any monopoly. And, Web 3.0 does exactly that! So, Web 3.0 can be called the revolution for the people. But whether it will be successful depends on its implementation.
Proofs of Web 3.0 Popularity are Already Around Us
Like most things, ‘money’ facilitated the popularity of Blockchain-based Bitcoin. Currently, we are seeing Non-Fungible Token (NFT) become a hit amongst people and celebrities. Despite most world governments being against cryptocurrencies, the acceptance by people points to the fact that the web revolution is very much underway.
Mark Zuckerberg’s initiative to name Meta as the parent company of Facebook is the most significant proof of Web 3.0’s amazing potential. Similarly, the popularity of NFTs and cryptocurrencies also show that people are ready for Web3. But, of course, everyone has a different take on Web 3.0 and what it can do for us. So, let’s start by stating the facts and understanding what it is in reality.
What is Web 3.0?
Web 3.0 is the newest iteration of the Web. We can also call it the 3rd generation of Internet services. However, before understanding what Web 3.0 is, you should understand that a new iteration of the Internet takes a long time to develop. For example, Web 2.0’s launch did not happen in a day. In fact, the transition from Web 1.0 to Web 2.0 took almost a decade.
The word Web 3.0 was coined in 2014, and since then, we have seen constant innovations in the concept. All the innovations have been refined and perfected to get the best version of internet technologies to reshape our online experience.
For instance, semantic search by Google has already been helping people find what they are looking for based on their ‘meaning’. But Web 3.0 promises to do even better and implement machine learning to find your’ intention’ for the search.
A Web 3.0 Search Example and its Privacy Benefit
If you are a football fan (who constantly searches for match results) trying to figure out the outcome of a game between Tampa Bay Buccaneers and Los Angeles Rams, you won’t have to write complete team names. Instead, just mention Tampa Bay – whether say it to a voice-based assistant or type in the search engine – and you will get the results from the game. It will be like the World Wide Web reading your mind. But there are additional advantages as well. A prime example of a Web 3.0 search engine is WolframAlpha.
Apart from convenience, you will also gain privacy. No longer will your data become the property of mega organizations. Instead, it will be distributed amongst small companies with their own proprietary software. Furthermore, as the control of the Web won’t be in a few hands, you will have multiple options to choose from. Therefore, if you don’t like how a company handles your data, you can always switch to another provider.
Defining Web 3.0
Blockchain is the most vital part of Web 3.0 as it allows the Web to be free from the control of tech behemoths like Facebook (Meta), Microsoft, and Apple. Web3.0 also uses machine learning concepts to discover the users’ intention.
So, if we want to define Web 3.0, we can say:
Web 3.0 is the latest iteration (a refinement of existing Web 2.0) of the Web that reduces the monopoly of the Internet by tech giants by using decentralized technologies like blockchain, and at the same time, makes the user experience better by implementing machine learning.
Web 3.0 and its Technical Components
Web 3.0 will facilitate the following: metaverse, NFTs, and cryptocurrencies. But to do that, it will use some of its essential components:
Machine Learning (ML) has evolved quickly in recent times, and it is perfectly positioned to combine with web tech. Case in point being, NLP (Natural Language Processing) has come a long way and allows for sentiment analyses. Moreover, the analyses can be used in social media platforms such as Facebook, Twitter, and Instagram. Another example of NLP automating workflows is a chatbot assistant. Nowadays, chatbots can be seen on various web platforms to offer support to the buyers/subscribers of products and services.
Moreover, the AI will help create our online avatars that will exist in the metaverse. For instance, AI can develop virtual avatars similar to us in every way – skin tone, height, weight, facial features, etc. Therefore, the size of the clothes our avatar wears in the metaverse will match the size of our real-world garments that we will order from the online metaverse store.
3D Graphics and Metaverse
Metaverse and Web 3.0 are often interchanged. But such use is a misnomer (incorrect use). Although Web 3.0 and metaverse can be interlinked, their scope is entirely different. Metaverse can be considered a vital Web 3.0 that will enhance the user experience. Evolved 3D graphics that power the Virtual Reality experience will create a mainstream appeal for Web 3.0. And, Web 3.0 as a set of evolved standards will facilitate the integration of new metaverse experiences.
We already see metaverse companies like Meta (Facebook owner) liaising and taking over 3D graphics and VR companies. It clearly indicates that 3D graphics will be vital in the future of Web3.
Semantic Web and Social Web
The semantic web is the concept of making Internet data machine-readable.
Semantic Web and social Web will lay down the foundation of Web 3.0 experience. It will change the standards and the languages used. Case in point being, in Web 2.0, we use HyperText Markup Language (HTML). But in Web 3.0, we will use Resource Description Framework (RDF).
RDF will devise a new lexicon (vocabulary) to describe classes as well as the relationships between objects. In layman’s language, this means that with semantic Web as part of Web 3.0, the search engines will be able to understand morals, values, biases, and behavior patterns.
Web 3.0: Accessible via Multiple Various Channels
Web 3.0 will make it possible for every kind of content to be available on different devices. Apart from the standard devices such as computers and phones, we will see Web 3.0 integrated into not-so-common devices. Moreover, the Omnichannel presence of Web 3.0 will boost the Internet of Things (IoT) and Machine to Machine connectivity. Therefore, Web3 has the power to go way beyond the territories of Web 1.0 and Web 2.0 and revolutionize everything the world as we know it.
Semantic Web as Part of Web 3.0
Apart from blockchain, the semantic Web is the most crucial part of Web 3.0. This is because semantics relates to our assumptions and preconceived notions, which helps us create connections in the real world and enhance our learning.
Tim Berners-Lee is the man behind semantic Web who said it was a primary component of Web3. Our interpretation of semantics is founded upon:
- Language Flow
When the semantic Web is in its full flow, we will no longer rely on keywords. Instead, our human intent – which is based upon our deep-lying intuitions, experience, and instincts – will provide the path to follow for the search engines.
Differences Between Web 1.0, Web 2.0, and Web 3.0
Web technologies are developed in iterations. The first iteration was Web 1.0 – between 1989 and 2005. Although Web 2.0 was launched in 2004, it properly began in 2005 and is still ongoing. But soon, we will see the beginning of Web 3.0, and we don’t know how long it will last before something new comes about.
Let’s have a look at the difference between Web 1.0, Web 2.0, and Web 3.0 to get a clear understanding of every iteration of the web so far:
- Example of web 1.0 website
- Invented by Sir Tim Berners-Lee in 1989.
- It is a centralized web and used for selling products and services
- The website does not have Frames, CSS, or a table as a view
- Multiple users buy and subscribe on a Web 1.0 website
- Facilitates the development of static pages, which can be found on web servers that are hosted by WHS (Web Hosting Services) or ISP (Internet Service Provider)
- No scope for advertisements
- Web 1.0 is a Content Delivery Network (CDN)
- Pages are created through SSI (Server Side Includes) or CGI (Common Gateway Interface)
- The website you are on is a prime example of Web 2.0
- Web 2.0 terminology was framed by Tim O’Reilly. The purpose was to create a distinction with static Web 1.0
- Although Web 2.0 is a part of the centralized Web, it features two-way communication
- Allows users to remain active via comments and posts. The posts can be audio, video, or text
- Facebook and YouTube allow social engagement, which are prime examples of interactivity provided by Web 2.0
- Facilitates user-generated content is equipped with interoperability features
- Features APIs that let the user build on their own (e.g., you can choose different parts of your laptop to make a custom laptop.)
- Social bookmarking, tagging, content voting, podcasting, and blogging are some of the defining features of Web 2.0
- Contains dynamic content, which instantly responds to the input provided by the users
- Information is relayed between the owner of the website to the users of the website and vice versa
- A prime example of Web 3.0 website is this
- Sir Tim Berners-Lee developed the paradigm of the semantic Web, which was later accepted as a component of Web3. However, it was Dr. Gavin Wood who coined the term Web 3.0
- Decentralization, metaverse, blockchain, and metaverse remains the theme of Web 3.0
- Web 3.0 facilitates blockchain technologies like metaverse, cryptocurrencies along with NFTs
- It features exceptional 3D graphics that can be accessed via Virtual Reality Glasses, e.g., metaverse.
- It comes with behavioral advertising and allows for smart applications
- Equipped with semantic metadata to comprehend the intent behind user’s search instead of looking for standard keywords that might convey the exact meaning
- Intricate knowledge of things and information relevant to various things is conveyed via Web Ontology Language (OWL).
- Resource Description Framework (RDF) replaces
Web 3.0: Empowering Decentralization and Bringing in the Next Internet Revolution
Everyone is excited about the prospects and potential of Web 3.0. Famous NBA stars such as Michael Jordan and LeBron James are fully convinced and have started their personal projects based on Web3.0. While Michael Jordan and his son have launched his platform, Heir, LeBron wants to educate the next generation about Web3.0. The urgency with which the stars are climbing on the Web3 bandwagon indicates that they think it is the next Internet revolution.
The passion for Web3 based technologies is not restricted to NBA. Tom Brady – a popular NFL star – has also released a Web3 and NFT platform called Autograph before his retirement from the game. Singers and Hollywood stars such as Eminem, Justin Bieber, and Gwyneth Paltrow have bought BAYC NFTs and caused the collective evaluation of NFTs to touch $7 Billion.
Despite all the great things happening in relation to Web 3.0 technologies, we can’t actually predict the impact of Web3 in the long run. But if projections by experts (based on the current behavior of people and celebrities) come out to be accurate, they will completely transform our experience for the better. Web3 will empower GenZ and help them make better choices. Hopefully, to make the world a better place.