Web 3 is a natural progression where cryptocurrency and other services operate on what’s called the blockchain or distributed networks. Web 3 is the coming version of the internet, where services will run on the blockchain. Web 3.0 is looking to change the way the internet functions only in a much bigger way. Web 3.0 promises to be more dependable, decentralized with control in the user’s hands enables socializing for work and play through the metaverse, and makes it cheaper as well as easier to make payments.
Pervious Versions of Internet Era?
Web 1.0
In this stage, the internet was created as a distributed set of computers communicating with one another, and participating in a load of managing the network.
It worked very well but had one big problem there was no way to make money off it. For case, a Web 1.0 startup called Google had a heavy business, but couldn’t encash it.
Web 2.0
In 2001, Google developed AdWords, a pay-per-click, transaction-grounded search advertising model, backed by search and monetization algorithms.
Google’s revenues rocketed to $2.7 billion from $87 million in three years when it went public, and now in 2020, it sits on a trillion-dollar valuation.
The internet got monetized with stage Web 2.0.
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