Web 3.0 – A Simple Definition

Web3, also known as Web 3.0, is an idea for a new iteration of the Internet that incorporates decentralization based on blockchains.

There is a lot of talk about Web 3.0 and how it revolutionized the internet, but do we really know what that means? It sounds like just another one of those buzzwords that we hear every day, and most people don’t even know what it stands for. But if you ask me, it’s time to take the next major step. With Web 3.0, we’re ready for an evolutionary leap to the next stage of the internet. We have gone from the early days of AOL and CompuServe where each session cost $3.95 a month to a world where anyone can get online for free, anytime and anywhere. Today, we have on our hands a platform that relies on technology and innovation to stay ahead in the market. Let’s talk about in brief what actually is web 3.0 mean, here you go:

What is a Web 3.0 website?

Web 3.0 is the third generation of internet services for websites and applications that will focus on using a machine-based understanding of data to provide a data-driven and Semantic Web. The ultimate goal of Web 3.0 is to create more intelligent, connected and open websites. (Source: whatis.com)

What is Web 3.0 also known as?

The web 3.0 is also known as the “Semantic web”. It includes several technologies in order to arrange and structure data you can find on the internet to make it available and usable by programs and software thanks to a metadata system. … Many websites are already using this technology to display animated content. (Source: finextra.com)

Is Web 3.0 a Blockchain?

Just like blockchain technology, Web 3.0 strives to create a more ‘democratic’ version of the internet. Leading crypto players bank upon the smart contract capabilities of the blockchain and incorporate decentralised applications (dApps) into the ecosystem. (Source: cnbctv18.com)