Web 3.0, often referred to as the third generation of the internet, is the evolution of web utilization and interaction, including transforming the web into a database. It enables the creation of websites and applications that are more intelligent, connected, and open. Web 3.0 is characterized by advanced features like semantic web, artificial intelligence, machine learning, decentralized ledger technology, and more. This new web era allows machines to understand and interpret the meaning of data like humans, leading to more efficient and personalized user experiences.
Web 3.0 is about creating a truly decentralized web, where individuals are in control of their own data and have true ownership and sovereignty over their online identities.
Balaji Srinivasan, Co-founder of Earn.com
In Simpler Terms
When you search for something online, instead of just getting a list of links, you get more accurate, context-aware results, almost as if the internet understands exactly what you’re looking for. For example, if you search for a recipe, Web 3.0 could also provide information on where to buy the ingredients locally, taking into account your dietary preferences and past shopping habits.
Web 3.0 isn’t just about smarter search results. It’s also about decentralization, using technologies like blockchain to give users more control over their data. Imagine social networks where you, not the platform, own and control your personal data.
