To be fair, Web 3.0 is not that new of a concept. The phrase is believed to have first appeared in a New York Times article back in 2006. Still, the technology is at the stage of infancy in terms of development, and most companies that are interested in it are only just mapping out beta programs and ideas.
Understanding the significance of Web 3.0 requires stepping back to view the history of the Internet. First, there was Web 1.0, developed mainly by Tim Berners-Lee in 1989. Web 1.0 saw people being able to access the internet using desktop computers mainly to get information via file transfer protocol (FTP).
By comparison, Web 2.0 is a more dynamic version of the Internet and the one used widely today. It saw the rise of mobile devices, browsing programs, apps, and social platforms that promote interaction between users and the ability to accomplish various tasks and communication activities on the go.
At the same time, Web 2.0 facilitated the emergence of tech giants such as Alphabet, Facebook (now Meta), Amazon, Microsoft, etc.
The need for Web 3.0 resulted from many of these huge tech companies basically having full control over users’ ability to navigate the internet, as well as their data – not to mention the huge profits they have been able to extract from it.
The vast majority of internet users have no say in how their data is being used and very limited ability in earning any form of income from it. Furthermore, the current version of the internet is viewed by many as a hotbed of misinformation, as well as casting a burden on democracy and free speech.
Web 3.0 will incorporate some aspects of Web 1.0 to deliver a more secure, open, and inclusive Internet which will also be more accessible. People will have more control over their data, as well as the ultimate power of making money from it.
In addition, the content they create is expected to have more value within the decentralized environment afforded by Web 3.0. This is why writers need to start paying attention to Web 3.0.