• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
web 3.0
Nexo Logo

How the Web3 future is Shaping Up

NewsBTC by NewsBTC
10 months ago
in Company News
Reading Time: 4 mins read
Advertisement

The last few years have experienced the rapid evolution of the internet and its application ranging from Web 1.0 to Web 2.0 and now Web 3.0. Web3 – the decentralized web – is the latest major iteration of the internet which promises to achieve a stable and secure decentralized network while offering a variety of innovative features.

Since the inception of the world wide web in 1989, it has changed dramatically through the years. While Web 1.0 was read-only; Web 2.0 saw a significant shift towards user participation via centralized platforms such as Google, Facebook, Amazon, etc. In this era, personal data is controlled by middlemen: those running the digital platforms. As such, people do not have control over their data as well as the content they create.

Web 3.0 is generally regarded as the future of the internet. Unlike the Web2 era, ownership and control is decentralized. Conceived by the Ethereum ecosystem, Web3 enables enhanced privacy, boosted transparency, eliminates intermediaries, facilitates data ownership and digital identity solutions. Similar to how Web2 improved front-end functionality, Web3 is focused on revolutionizing back-end functionality.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Today, Web3 architecture has gone far beyond the internet capabilities which run on a decentralized layer. It has become the convergence of several innovative technologies like edge computing, artificial intelligence, IoT, decentralized data networks. With Web3, the trend of data and computing moving to the edge is inevitable. Powerful computing resources are put together to create the next generation of decentralized, user-owned, hyper-efficient edge networks. Decentralized data networks can enable different data generators to transact their data without losing ownership control and privacy or the need for an intermediary.

Meanwhile, Web3 technology also combines artificial intelligence and machine learning to create a substrate that connects users and machines as well as connect problem owners with problem solvers without the need for a third party. This synergy facilitates a better understanding of human preference and more accurate analysis and results. As such, Web 3.0 goes from technology to disrupting the structure of society.

As you can see from above, Web 3.0 has the potential to bring radical innovation to all industries.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

However, the adoption of Web 3.0 has so far been driven by crypto-related use cases. This is because the majority of Web3 protocols rely heavily on initial use cases of cryptocurrencies. This has led to the majority of projects focusing on crypto and not on the mainstream adoption of Web3 technology beyond cryptocurrency.

The thing is, decentralized technologies can be used to eliminate value-capturing middlemen. And this could be a boon for different, new economies that have appeared in the 21st century. One such economy that could be shaped by Web3 tech is the gig economy, with the new technologies promising to eliminate the centralized platforms like Uber and Upwork to give gig workers the chance to earn without lining the pockets of big corporations. A great example of this is AnyTask, which aims to enable people living in poverty to access the global digital economy commission-free and bankless.

Another such use case for Web3 technology is integrating it into the creator economy and intellectual capital-centric applications. A 2020 survey showed that the growth of intangible assets, which are the basis of the creator economy, has been so much that they now command over 90% of the S&P500’s market value.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

As the stat above shows, the world is evolving to an intellectual capital-centric creative economy and a world where most resources other than intellectual and human capital are commodities doesn’t seem too far away. So, the creative economy encapsulates intangible assets that have become the most valued assets in the world, especially the innovative enterprise, but their total value outside of enterprise is far beyond what we can imagine. Aside from holding high intrinsic value, intellectual assets also provide an opportunity for investors to speculate as their price increases. Therefore, the ability to capture value from these assets becomes vital.

To foster mainstream adoption of Web 3.0 for the creator economy, there are projects building a whole host of tools to enable the discovery, evaluation, licensing, and exchange of intangible assets to boost liquidity flowing into the creative economy. One project building such architecture is DEIP. The company provides a set of Web3 protocols, in addition to tools and applications for the creative economy.

Now you may be thinking: Don’t these projects just act as the middleman capturing the value in any case? Well, you’d be wrong.

These projects aren’t governed by a board of directors but by decentralized autonomous organizations (DAO). DAOs enable democratic governance models that anyone can be part of and can direct any fees levied on creator or gig economy workers to the further development of the platforms themselves and are not geared towards the profit-centric model of capitalism and Web 2.0.

The internet has become a center of business, communication, and much more. And Web 3.0 has the potential to transform agreements and value exchange. This means that the transition to a more democratic internet via Web 3.0 may allow the world to unlock opportunities not only just to reclaim the Internet by revolutionizing infrastructures around storage, data exchange, financial transactions, but also many aspects of our lives.

Web 3.0 is shaping up to be not just an evolution of the internet but a disruption to overhaul many aspects of society.

Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Oleksandr Usyk Partners Up With The QMALL Crypto Exchange Ahead Of His Upcoming Match With Anthony Joshua

Oleksandr Usyk Partners Up With The QMALL Crypto Exchange Ahead Of His Upcoming Match With Anthony Joshua

12 hours ago
Snook Showcases The importance of Community Engagement Through BBT-Themed Rooms For Partner Projects

Snook Showcases The importance of Community Engagement Through BBT-Themed Rooms For Partner Projects

12 hours ago
Ahead Of Vasil Hard Fork, Cardano Metaverse Project Cardalonia Shows Huge Potential As The $LONIA Token Demand Surges

Ahead Of Vasil Hard Fork, Cardano Metaverse Project Cardalonia Shows Huge Potential As The $LONIA Token Demand Surges

1 day ago
Understanding The Recent Growth of Move-To-Earn

Understanding The Recent Growth of Move-To-Earn

2 days ago
Thinking to Buy IMOV? These 3 Tokens Can Be a Better Investment

Thinking to Buy IMOV? These 3 Tokens Can Be a Better Investment

2 days ago
6 Best New Cryptocurrency Australia to Buy 2022

6 Best New Cryptocurrency Australia to Buy 2022

2 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Investors’ Attention Turn from Sushi (SUSHI) and Holo (HOT) To Favorite Degrain (DGRN)

August 19, 2022

Smart and Social Web3 Platform Blockify Raises $2.2M

August 19, 2022

Why are Runfy, Bitcoin and Tron being considered the next cryptos to explode in 2022

August 18, 2022

Keninah Concord: Saving The World With Blockchain-Based Solutions

August 18, 2022

How Adirize DAO, Litecoin and Floki Inu Could Be A Great Bear Market Opportunity

August 18, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.