Web 3.0 Joining the Green Movement

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Web 3.0 hasn't had the best time in the limelight, often associated with the environmentally taxing, energy-intensive activities of Bitcoin and Ethereum mining. And while the web may exist in a virtual space, its effects are real due to the energy required to power it. 

However, the Web 3.0 ecosystem is incredibly diverse, and many projects are focused on direct action towards regenerative projects and combating climate change. 

Before we can explore how new Web 3.0 projects are combating the long-held convictions against blockchain technology, it might help to understand where this bad rep comes from. 

During the last 40 years, the internet has seen three iterations: Web 1, Web 2, and Web 3. 

Web 1 came into play around the mid-1990s, with mostly static websites and limited scope for engagement. Web 2 came about in the 2000s with interactive websites and UGC (User-generated Content). Unfortunately, web 2 also has a handful of major players like Facebook and Google that own your information and are entitled to sell your data to third parties. 

The 2020s became the jumping-off point for Web 3, which represents decentralization. Essentially, no single entity stores your personal data or validates transactions. It sounds much more secure and puts users in control of their information, but it comes with environmental repercussions. 

The energy it takes to mine a single Bitcoin is about 86,000 to 286,000 kilowatt-hours, which is about 59 days' worth of power for a single American household. With more people using cryptocurrencies for transactions, Web 3.0 projects must strictly adhere to sustainability values. 

All said, there