What is Web3?
Web3 may feel like hype but will most likely be the newest version of the internet.
Web3 is a buzzword lately, especially for those who are interested in technology, blockchain technology, and crypto. It’s going to be the future of the internet, where we all are going to take part. Even though we’re used to buying, watching, and finding everything online, there’s one thing we can’t do at the moment: taking the lead.
Giants like Google, Meta and Amazon are ruling the online world right now, but they’re excited for the new making its appearance. Alphabet Inc. CEO Sundar Pichai tells in a Bloomberg interview he’s “watching the blockchain space and looking at how Google’s parent company can add value to the development of the technology that’s being embraced by many of his Silicon Valley peers.”
How does Web3 work?
Web3 puts major companies like Meta out of business and gives every user rights to develop the next big thing together. Decentralization and the combination of humans and machines will be the heart of the Web3 projects.
There is a reason for users’ passive participation: We’re still busy trying to get the biggest part of the pie. But now, Web3 is in the pipeline. This is going to change radically. In the upcoming years, there’s going to be a shift from tech giants who are “the boss” to individuals who are taking the lead.
When the development of Web3 is concluded and if you’re working within IT, blockchain, or crypto space, you’re working on it too, we’re all going to be the boss. Data is going to be stored in a decentralized manner and everyone and everything will be connected. It offers opportunities and risks at the same time. Think about privacy and compliance risks, smart contract hacks, and rug pulls. Greater control requires greater responsibility.
Cryptocurrency, NFTs, smart contracts and blockchain technology will be essential in the upcoming Web3. Smart contracts are fully digital contracts and they will take the lead in a secure and automated online environment. Machine learning, artificial intelligence and the Internet of Things will also have a seat at the table, so you can imagine what kind of revolution this will have on us as daily users of the internet.
How will Web3 change our lives?
Web3 will make our online lives more personalized and more secure and will vouch for a better experience.
It’s important to know that Web3 will have to communicate intelligently with people and with machines and data. Software must be able to process information conceptually and contextually. But, in which ways are you going to explore the differences between Web2 and Web3? What is the point of web 3.0?
So, in summary, it will be more user-oriented and accessible, like playing Minecraft. Say what? What’s Minecraft got to do with it? Aren’t little kids playing Minecraft?
The Metaverse is a network of all kinds of 3D virtual worlds. NFT Worlds is enabling the Metaverse experience, which is what makes NFT collectors, Metaverse fanatics and enthusiastic gamers happier.
NFT Worlds is not only an endless universe of different gaming worlds, but it’s also a way to earn money while gaming. It’s called play-to-earn and essentially, you’re earning tokens while playing the game. With these tokens, you can buy NFTs and even collect them if you like. After the decentralized finance (DeFi) boom in 2020 and the NFT rise in 2021, Web3 gaming may be the newest trend for 2022.