Let’s try to synthesize this into a few sentences to understand web 3.0, the decentralized internet. Though it’s easy to ignore web 3.0 discourse, the underlying technology will only continue to grow in its significance. The inevitable mass adoption of crypto means the discussion surrounding web 3.0 will grow as well.

What is Web 3.0?

To understand what web 3.0 is, it’s helpful to compare it to web 2.0. We’re all relatively familiar with web 2.0, which essentially represents the information and creator economy that promotes participation and public authorship. In web 2.0, data is as important as functionality and users are pulling information they’re interested in.

Web 2.0 promised open-source but failed to deliver. Web 3.0 is a permissionless move towards decentralization and technology such as blockchain is at the forefront.

Why Web 3.0 Matters to You

Web 3.0 is about who holds power. It’s about openness and collaboration. Infrastructures are built in public and you’re incentivized to assemble and contribute to something you have a stake in. The technology and ideas for decentralization will play a key role in your future. If this seems too far-fetched, consider what it’ll do for the gaming industry.

Furthermore, trust is another aspect that open-source tackles. Decentralized autonomous organizations (DAOs) will be one of the ways we collectively participate and govern the essential areas within ecosystems. This is how communities grow and flourish. Protecting that community and the decentralized world will be key for everyone thriving. Security should be at the forefront of web 3.0, not an after-thought.

What Web 3.0 is Not

Web 3.0 is not a utopia. DOAs aren’t always equitable. The majority of the problems that exist in our current communities, whether these issues are racial or financial, won’t magically disappear. The solutions are necessary to solve problems while also making use of the technology.

Web 3.0 is already here. It’s vital for technologists, entrepreneurs, and students to lead with curiosity rather than fear of the unknown. We must have constraints, but the solutions to help our communities should be boundless.

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