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What is Web 3.0?

Source: Fabric Ventures

Source: Fabric Ventures

In Web3, data will be interconnected in a decentralized way, which would be a huge leap forward to our current generation of the internet (Web2), where data is mostly stored in centralized repositories. Furthermore, users and machines will be able to interact with data. But for this to happen, programs need to understand information both conceptually and contextually.

Where Web 2.0 was driven by the advent of mobile, social and cloud, Web 3.0 is built largely on three new layers of technological innovation: edge computing, decentralized data networks and artificial intelligence. Web 3.0 networks will operate through decentralized protocols ā€” the founding blocks of blockchain and cryptocurrency technology.

Source: What Is Web 3.0? by CoinMarketCap

Blockchains and the ecosystems on top of them allow entrepreneurs to build huge projects with very lean teams. Aspiring startups will only have to focus on building their project on the blockchain. Web3 will handle the rest ā€” built-in scalability, cryptographic security, composability between protocols, and programmable money.

Web3 Stack infographic by @jssevar

Web3 Stack infographic by @jssevar

Web3 dApps will continue eating into Web2 apps.

Applications existing on Web3 will disrupt the business models of its Web2 incumbents.

<aside> āš ļø This page is a work-in-progress! To be honest, Iā€™m kind of lazy to finish it šŸ˜¬


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