Also known as the Decentralized Web, Web 3.0 represents the latest generation of internet applications and services powered by distributed ledger technology, the most common being blockchain. It is, however, not a new concept. The inventor of the World Wide Web himself, Tim Berners-Lee, predicted that this version of the internet, which he called the Semantic Web, would be more open, smarter and more autonomous.
Source: International Banker
Web 3.0 in under 10 Minutes
Defining Features of Web 3.0
While there is as yet no standardized definition of Web 3.0, it does have a few defining features:
Decentralization
Trustless and Permissionless
Artificial Intelligence (AI) and Machine Learning
Connectivity and Ubiquity
Source: Investopedia
What technology benefits more than 3 Billion people for 80% of their waking hours every single day? Web 2.0.
Web 2.0, coined as such by O’Reilly and others between 1999 and 2004, moved the world on from static desktop web pages designed for information consumption and served from expensive servers to interactive experiences and user-generated content that brought us Uber, AirBnB, Facebook and Instagram. The rise of Web 2.0 was largely driven by three core layers of innovation: mobile, social and cloud.
Source: Fabric Ventures