According to experts, the combination with blockchain will help Web 3.0 become the future foundation of the Internet.

Along with the metaverse, Web 3.0 is expected to become the future of technology. The goal of the new platform is to address limitations from Web 2.0. However, despite being developed for many years, Web 3.0 has not really taken shape.

Besides, some experts believe that Web 3.0 is just a drawn definition of crypto investors, lacking in practical application.

What is Web 3.0?

Initially, Web 3.0 was called Semantic Web by Mr. Tim Berner-Lee, the inventor of the World Wide Web. The system was created with the aim of becoming a more autonomous, intelligent and open Internet. On the Semantic Web, machines will process content like humans.

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Web 3.0 is expected to become the future of the Internet. Photo: Coinmarketcap.

According to Forbes , the Semantic Web couldn't become a reality for a variety of reasons. In particular, the main reason comes from the difficulty of AI technology to be applied. Machines cannot distinguish between Jarguar (jaguar) and Jarguar (car maker) if the context is not set correctly.

Associating concepts with the context of words is too difficult. IBM spent a lot of time and money to improve the technology of the supercomputer Watson, but to no avail.

According to CoinMarketCap , the Web 3.0 definition can be extended to a system where data is interconnected in a decentralized way, no longer bound by large platforms.

The development of blockchain technology and storage ledger creates a more transparent and secure environment. Infrastructure on a decentralized platform will replace many tech giants like Google or Facebook.

Users need Web 3.0

During the 1990s, Web 1.0 or Static Web was the first Internet-connected platform. At this stage, the majority of users use the web to consume content rather than create it.

Web 1.0 does not have algorithms for page filtering. This makes it difficult for users to find information. “In other words, it's like a one-way highway with narrow lanes. There, the creation of content is done by a few people,” writer Werner Vermaak shared on CoinMarketCap.

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In theory, Web 3.0 should solve the problems of the old platform. Photo: Getty.

From 2005 to now, the Internet has developed rapidly with Web 2.0. The platform facilitates users to participate in the creation of content on social networks, blogs. Web 2.0's business model relies on user information to sell advertising data to 3rd parties.

According to Forbes , this is what makes the Internet a huge data warehouse, dominated by centralized platforms such as Google, Facebook, and Amazon.

“In my opinion, centralizing, mining and using data without user consent is the essence of the business model on Web 2.0,” said Charles Silver, President and CEO. said by Permission.io.

Meanwhile, Mr. Mat Dryhursrt, Lecturer at New York University thinks that a small group of companies are holding the Internet. At the same time, participants who contribute to the platform are not recognized.

If the goals of Web 3.0 come true, users will have a more equitable use of the Internet, each individual becomes a right to his own data.

“Web 3.0's decentralized blockchain protocol will allow individuals to connect to an Internet where they own and pay reasonable fees for time and data. The new platform will make proprietary websites, huge centralized storage lose great profits, "said Mr. Silver.

NPR believes that the goal of Web 3.0 is to create new search engines and social networks without a host company. On this platform, each user is given tokens to participate. These tokens can be used to vote on decisions and accumulate real value.

Web 3.0 is under development

The theory of a consensus system where all users have peer rights is being applied through Decentralized Autonomous Organizations (DAOs). Recently, a group of cryptocurrency advocates attempted to auction a copy of the US Constitution through the ConsitutionDAO fund. However, the group failed because they did not raise enough money.

Many large companies are also participating in the development of Web 3.0.

Twitter's Senior Project Manager, Esther Crawford, says the social network is working on ways to bring Web 3.0 concepts to the platform. “Before, Web 3.0 was just a theory. Right now, it's the driving force behind building the system," Ms Crawford said.

Meta, formerly Facebook, says its priority is to build the metaverse. Strong interoperability, using one account for multiple sites, services seamlessly is one of the principles outlined by Meta. It's also part of the Web 3.0 definition.

“I think many of the features from Web 3.0 are designed for interactivity. That will help reduce gaps between applications, providing users with a more seamless experience, "said Mark Zuckerberg, CEO of Meta in an interview.

Many doubts about Web 3.0

“Web 3.0 as malware. It is a product that is only available on paper but does not appear in reality. Web 3.0 is a future designed to address what users don't like about the current Internet," said James Grimmelmann, Professor of Technology at Cornel University.

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The Web 3.0 platform is said to be a theory drawn up by cryptocurrency investors. Photo: K300.

Grimmelmann believes that using blockchain to combat personal data breaches from large companies is not the solution. Blockchain will make more user data public.

“It doesn't make any sense. The problem of the Internet is too much centralized data. And they settle by putting it all on the blockchain,” he added.

This professor believes that the Internet developed based on the tension between centralization and decentralization. Once the balance is tilted to one side, the trend will pull it back.

According to Grimmelmann, Web 3.0 is just a theory drawn up by crypto investors. “A lot of people getting rich in crypto are looking for something to put their money in outside of the NFT,” said Professor James Grimmelmann.