- Web 2.0 and Web 3.0 represent successive, advanced iterations of the original Web 1.0 of the 1990s and early 2000s. Web 2.0 is the current version of the web with which we are all familiar, while Web 3.0 represents its next phase that will be decentralized, open, and of greater utility.
- The exponential growth of Web 2.0 has been driven by key innovations such as mobile internet access and social networks, as well as the near-ubiquity of powerful mobile devices like iPhones and Android-powered devices.
- Web 2.0 has also been tremendously disruptive to certain sectors that have either failed to adapt to the new web-centric business model or been slow to do so, with retail, entertainment, media, and advertising among the hardest hit.
- Web 3.0 has moved well beyond the original concept of the Semantic Web as conceptualized by Tim Berners-Lee in 2001.
- Defining features of Web 3.0 include decentralization; trustless and permissionless; artificial intelligence (AI) and machine learning; and connectivity and ubiquity.
The overarching goal of Web 3.0 is to make the internet a lot more intelligent, autonomous, and open.
How? With the use of techs like Artificial Intelligence, Blockchain, 3D Graphics, Virtual Reality, and Augmented Reality.
We can better understand and interpret the content on the web.
With blockchains, we can use it to build applications on decentralized protocols where we remove trusted intermediaries and gain public verifiability. This way we're not stuck in this paradigm where everything on the internet is “walled gardens.”
We can use cryptocurrency to completely transform the business model of applications that exist on the internet, instead of the ad-based model that we have today.
As Chris Dixon says, we took “a wrong turn” in the current social web by allowing for walled gardens and ad-based business models. The next version of the web will be built on open protocols and will have a built-in business model via crypto. If something feels off about the current version of the web, it’s not just you.
Beyond AI, blockchains, and crypto, Web 3.0 will use 3D graphics and technologies like Virtual Reality and Augmented Reality to make our experience of the web a lot more immersive: very much like the physical world, rather than the existing 2D-internet-world.
Overall, an interesting explanation of these phases is one given by Tim Berner-Lee, the founder of the World Wide Web:
- Web 1.0 is the “readable” phase of the web. We see limited interaction between users.
- Web 2.0 is the “writable” phase of the web, one where users can interact with the site, and with each other.
- Web 3.0 is the “executable” phase of the web, and here, computers can interpret information like humans, to then generate personalized content for users.
What projects are Web 3.0?
MMA_Crypto
Source: analytic insight