What Is Web3 (or Web 3.0)?
Web3 is the third generation of the internet currently being built, where websites and apps will be able to process information in a smart human-like way through technologies like artificial intelligence (AI), machine learning (ML), Big Data, decentralized ledger technology (DLT), and more.
Features of Web 3.0
The Semantic Web improves the abilities of web technologies to generate, share and connect content through search and analysis by understanding the meaning of words rather than by keywords or numbers.
Computers(AI) trained by combining semantic capabilities with natural language processing, process information on a human-like level to provide faster and more relevant results.
Three-dimensional design of real world locations and objects are used extensively in websites and services in Web 3.0 to create realistic and immersive experience for users in a virtual world.
With Web 3.0, information is more connected thanks to semantic metadata. As a result, the user experience evolves into a new level of connectivity that leverages all available information.
With blockchain technology, user data is protected and encrypted. This prevents large companies from controlling and/or using users’ personal data for their gain.
Decentralized data networks store data within a peer-to-peer interconnection. Users maintain ownership over their data and digital assets and are able to log in securely over the internet without being tracked.
Examples of Web 3.0 Apps
Siri uses voice queries, gesture based control, focus-tracking and a natural-language user interface to answer questions, make recommendations, and perform actions by delegating requests to a set of Internet services.
Steemit is a social media application built on a decentralized platform – the Steem blockchain that implements a a reward system that can ultimately pay contributors and content creators for their work.
Livepeer differentiates itself from traditional video streaming services like YouTube by not hosting, storing or distributing video. Rather, Livepeer is building a technology that utilizes excess computing power to more efficiently share video from broadcasters to consumers.
Decentraland is the first-ever blockchain-powered place in the metaverse. It is a virtual reality platform powered by the Ethereum blockchain. It allows users to create, experience, and monetize content and applications.