The future is now – Say hello to Web3
Despite the massive benefits society (and the individuals that find themselves in it) have been able to reap from the current scenario, there is no shying away from the rather negative front whereby a sense of power has not only been stolen from the common person but they’ve been marginalized from the larger societal narrative.
So, how do you end up bringing power back to the people?
In comes Web3; the next iteration of the World Wide Web, bringing with it a taste of cryptocurrency. With the name incepted in 2014 by Ethereum co-founder Gavin Wood, the idea was to establish a decentralized internet mix that does away from any of the dominance that the predecessors were able to exert.
This ties in very nicely with the initial ideology for the World Wide Web, which was conceptualized to promote unregulated, peer-to-peer communication that would not require an intermediary. But over time these intermediaries have come to do more than just regulate. What followed was the complete shift of power to control data to a handful of capitalists leading to not just increased dependence but also an overwhelming restriction of the potential of the internet. Web3, therefore, was supposed to be the catalyst for change and empower the global tech ecosystem to become more independent and have ownership of its presence in the “tech” narrative.
The core of Web3 relies on blockchain technology which offers immense security, pure transparency, and ease of access to its users, and in a nutshell, is a “democratic” model for the internet.
Understanding Web3: What does it offer?
Is someone even using Web3: Case studies
Are you ready for the switch?
Sooner or later the Web3 revolution will be upon us (it’s already begun setting up its roots) with users and platforms moving away from Web2 and creating spaces that are accessible, provide user ownership, and are not controlled by monopolistic structures. Sure there is still a lot left to discover and learn about the world of cryptocurrency and blockchain, but as recent years have shown, everything is now fast-sped.
So what’re you waiting for? Get on the Web3 journey now! To know more about us Vist US