Web 1.0 came into existence as an independent, decentralized space meant to connect the world and give us freedom. The second version, Web 2.0, came along and centralized everything that could be centralized. Today, tech enthusiasts worldwide are captivated by the initial idea, introducing peer-to-peer transactions while implementing the latest innovations.
The emergence of the blockchain, AI, machine learning, and other technologies paved the way to the whole new class of applications designed to power the third edition of the World Wide Web, aka Web 3.0.
Web 3: Introduction
As the Internet keeps advancing, it is getting more interactive. We’ve made a long way already – from basic HTML sites to streaming platforms, social media craze, and numerous ways of creating your own content.
Arguably, one of the best things unlocked by Web 2.0 is the ability to generate numerous sources of income. Web 3.0 is destined to power the creator economy, allowing people to take advantage of the new model and gain much-needed stability regardless of their location, financial status, or background.
Like any other technology, the Internet keeps evolving, and Web 3.0 is already in the making. Although hard to define since it is still a work in progress, Web 3.0 will be most likely a product of AI, 3D graphics, and blockchain mixed together.
Blockchain and Decentralization
Decentralization is the fundamental concept of the new Internet. The idea is to build a new shared economy that will function without third parties such as banks, institutions, and various agents.
Everything will be focused around users – they will be in charge of their finance, from storing and transacting to investing and getting loans. Trustless and permissionless transactions, cheap money transfers, and global inclusivity are just a few goals of the new Internet era and the emerging DeFi space.
DAO is another trending Web 3.0 concept that is changing how we make decisions within enterprises or other collectives. A decentralized Autonomous Organization (DAO) represents a group of people that agreed to follow a specific set of rules and regulations. Blockchain guarantees the fulfilment of the rules, as well as other aspects of the process like asset distribution, and nobody can tamper with that.
Web 3.0 Today
Cryptocurrencies are, probably, the most well-known and already functioning Web 3.0 implementation. Alongside digital currencies, non-fungible tokens (NFTs), DeFi, and dApps demonstrate the new Internet’s opportunities. Transparency, full ownership, and ease of managing one’s assets are those advantages that make the financial products of Web 3.0 stand out.
The easiest way to contribute to the ever-growing Web 3.0 space is to do your research and purchase digital assets (native coins) of the projects that seem promising. This way, you can invest and support the new platforms simultaneously.
HitBTC offers a wide range of coins to explore and invest in:
The Bottom Line
The rise of Web 3.0 is already happening. It will challenge our day-to-day activities and reform the entire concept of personal finance. Early investors and developers are the ones who will benefit from the new Internet model the most.
Investing is the easiest and most accessible way to join the Web 3.0 movement unless you’re working in the sector. Blockchain protocols typically issue their own tokens available for public sales. The majority of the most promising coins can be easily purchased on H.
You don’t need to have any previous experience with digital assets to start investing, as the platform offers easy fiat deposits and straightforward user flow. All you need to do is download an app (or use the web version), pass the quick verification procedure, and top up your balance using a credit card or other convenient method. Web 3.0 is only a step away.
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