Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
By now, you’ve undoubtedly at least heard of Web3, the next stage in the evolution of the internet. However, most people are unaware of its importance and why we should move from Web2 to Web3.
In this piece, we will talk more about it, how specific companies are adding Web3 products to their portfolios, how Web3 brings advantages to everyone, and so much more.
Web2 and Web3 are two different iterations of the web, with the latter being still largely theoretical. It mainly exists with specific companies and organizations offering novel solutions based on decentralization, openness, and greater utility, the staples of Web3.
Web2 has grown with innovations like smartphones, social networks, and broad mobile internet access. It’s based on interactivity, connectivity, and, most of all, user-generated content. This is how it differs from Web1, the initial iteration of the web, where webpages were few and static.
The Web2 technologies have brought us large Web2-centric organizations and businesses like Meta, Apple, Google, Amazon, and many others.
As for Web3, it was born out of technologies like blockchain, cryptocurrency, NFT, AI, machine learning, and others. What they have in common is much greater user utility, trustless and permissionless attributes, openness, and above all, decentralization.
Even though it’s not here yet, thanks to the disruptiveness of these technologies, it’s almost inevitable to come.
Web2 is increasingly becoming cumbersome for users. The major companies in the space are effectively locking-in users into their services without a way for them to find something
Read more on cryptonews.com