Home Did You Know? Are You Ready For Web3?

Are You Ready For Web3?

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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?

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.

8 COMMENTS

  1. The better to keep score on what you send on links, or think, your comments to send friends or on blogs like this. “What big eyes you have” said little red riding hood. “The better to see you with” said the big bad Woolf. And we all know who is taking the role of the big bad Woolf.

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  2. As a true sceptic it is my opinion that if Web3 would improve our lives & our privacy it won’t happen. It won’t happen because those who control us now desire to control us more & they’re not going to let the tools of micromanagement slip away.

    Forget the dream, forget the promises, feel the control.

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  3. …Cryptocurrency, NFTs, smart contracts and blockchain technology …

    Yeah right, Nah. Cryptocurrency does NOT have the banksters wetting themselves, as this is also controlled by the banksters. If I buy a product online from you, and it is a scam, or someone illegally accesses a credit card, I want the bank to whom I pay for their services, to reverse the payment. Asking bitcoin to reverse the transaction would be like asking a driverless juggernaut to not run over your pet snail.

    And the worst part is that if that 51% of the block chain says you paid $1M for a clapped out mini on the internet, you don’t get the $1M back. It is all about majority rule, a bit like politics. If you throw a country into darkness and offline, or hack the internet, you can wake up with transactions you didn’t create.

    The value of all bitcoins in existence is over NZ $1 Trillon. When the price of Bitcoin falls overnight and loses 30% value in the space of a couple of hours it requires thinking about. $300 Billion of bitcoins changes hands. Unless I’m missing something, sell options decrease the price, buy options increase the price, and for every willing buyer there has to be a willing seller, and vice versa. Who has $300 billion lying around?
    30,000,000 people with $10k in options?
    3,000,000 people with $100k in options?
    300,000 people with $1m in options?
    30,000 people with $10m in options?
    3,000 people with $100m in options?
    300 people with $1Bn in options?

    And who has enough tin invested to significantly change the price to trigger sell conditions?
    Probably the same people that manipulate Forex.

    The market price throughout the day, so to trigger a market change, requires more than just noise. Be the first to sell say $10-50 Billion of coins (1%), more than marginally affecting the price, triggering automatic sell options, dropping the price further. Wait until the price has dropped and issue buy commands. And for every willing seller, there has to be a willing buyer. Who has enough tin to trigger a market panic?

    You can forget about volatile bitcoin being a new currency as The Pied Piper has his hand in that market as well. And because the blockchain is moving at the speed of light, reversing fraudulent transactions is nigh on impossible since every related transaction chain will need to be rewritten. You have a much better chance of successfully arguing with the Borg about why you do not want to be injected with Borg nanobots.

    And the principle behind blockchain is centuries old, having been used in banking – with a physical “block chain” in the form of passbook transactions / bank branch ledger book / bank branch deposit records / bank national deposit record, etc, But turning over your cash to a nameless faceless AI is about as appealing as the Govt recently deciding/suggesting that personal Kiwisaver deposits should taken out of private investment and into Crown accounts and treated as Crown Assets, in order to balance the books.

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  4. THE METAVERSE:

    Just what we need – a more compelling and more addictive gaming experience for our kids, to keep them zapped out and uninvolved with ACTUAL society. To take them away from the great outdoors and immerse them in pixel-pushing in some alternative imaginary “reality” instead . . . . .to waste their day in front of a screen instead of getting out there to learn how to fix the bike or build a tin shed or do something creative in the garden . . .

    The Metaverse . . . .ya gotta luv it to pieces . . .

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