What is Web 3.0

Web 3.0  also called the Semantic web by Tim Berners-Lee, inventor of WWW (World Wide Web), is the upcoming third generation of the internet where applications and websites act human-like, thanks to technologies like Machine Learning (ML), Big Data, Decentralised Ledger Technology (DLT), and many others. The one unique differentiating factor of Web 3.0 is that it is decentralized, unlike Web 1.0 or Web 2.0, where data is mainly stored in centralized authorities.

Evolution of internet

Web 3.0 is an intersection of older generation web technologies with new technologies like AI, blockchain, etc. In layman’s terms, Web 3.0 is nothing but an upgraded version of its precursors, Web 1.0 and Web 2.0.

Web 1.0, also known as Static Web, was the first reliable internet with limited information and little user interaction. There were many limitations like one couldn’t shift between pages or comment on web pages. And then came Web 2.0 with quite a lot more user interaction. The invention of Javascript, HTML5, CSS3, etc., made these novel platforms like YouTube, Facebook, Wikipedia, and many more, a possibility. In addition, web 2.0 enabled a way to share data.

The next stage of internet evolution is Web 3.0, which made the internet a human-like interface. By using the power of ML, AI systems, etc., the internet was made more intelligent, and it also processed information with a near-human-like intelligence. The internet came far from being a one-way highway (where information flowed from all directions and people couldn’t respond) to a two-way process now (where user content is flooding).

Features of Web 3.0

Ubiquity — Web 3.0 can be everywhere at the same time. Already Web 2.0 came with the same feature through social media platforms like Facebook, where people can click and share their images which become ubiquitous once posted. But Web 3.0 has taken it to another level with IoT (Internet of Things), making intelligent devices a possibility. We can access the internet anywhere with any device, not limited to computers.

Artificial intelligence

Wikipedia defines AI as intelligence demonstrated by machines. By using Semantic Web concepts and Natural Language Processing, systems will be able to understand and interpret information like humans. Using Machine Learning(ML), systems mimic the way humans learn, steadily improving their accuracy and performance over time. As a result, systems will be able to produce quick and more accurate results in an array of fields.

Ownership of digital assets

Web 3.0 gives you a way to claim ownership of your digital assets, in a way like never before. For example, if you buy an in-game item on Web 2.0, the item will be credited to your online gaming account. For instance, if your account is abruptly deleted or the game is stopped, all of your in-game items will be lost. Unlike traditional games, in Web 3.0, the users enjoy complete authority over their in-game assets. Surprisingly, these assets have value beyond the game too. Therefore, no one, not even the game developers, can claim ownership of your assets.

Major Players

In general, Web 3.0 applications must be able to digest a large amount of information and turn it into factual knowledge. Although Web 3.0 applications are still in their early stage, it states that they have a great deal of potential for improvement and are very different from how Web 3.0 apps could potentially work. Some significant players transforming Web 3.0 are Apple, Amazon, and Google.

Siri is the most popular application of Web 3.0. Siri is Apple’s voice-controlled AI which first appeared in the iPhone 4S model, and now it has gradually become one of the most intelligent AI assistants. Siri uses voice recognition and artificial intelligence to comprehend and perform personalized commands. Today many other AI assistants like Amazon’s Alexa and Samsung’s Bixby have come into existence.

Web 3.0 has the potential to provide utility far from reality. In this fast-moving world, nothing would be possible without the internet. We would one day witness regular offline machines like refrigerators, microwave ovens, etc., being advanced to IoT machines. There are many more miracles waiting to happen in this 21st century, and one such is CoinFantasy.avple

CoinFantasy is a decentralized crypto fantasy gaming platform based on the P2E model. CoinFantasy’s Web 3.0 gameplay is a novel way to gamify financial markets. It would be a three-dimensional immersive, visually pleasing interactive experience in the metaverse. The exciting part is that CoinFantasy serves as a platform for playing, learning, and earning at the same time. And here, you have the liberty to explore the crypto markets as there are no losses involved.

So, do you agree that CoinFantasy has come up with a solution for even the pitfalls of Web 3.0? If so, what are you waiting for? It’s high time that you give it a try!