It all started with Web 1.0. This development revolved around an HTML-based (one-dimensional) information page and was mainly geared towards reading. Only two programming languages were used to create simple web pages. In addition to HTML, CSS was also used. But it was not widespread, although quite a lot of information could already be found online. This was due to insecurity due to the lack of subscriptions and the fact that it still takes too long to search.

Web 2.0 introduced new programming languages that put more emphasis on interaction. Social networks such as Facebook have emerged on the Internet scene, and web giants such as Google and Amazon have also taken their place on the world wide web. Websites have become more interactive and dynamic and have facilitated communication. Web 2.0 is basically based on the idea that the web is a 'platform'. Thus, it has now become a question of not only reading information, but also writing and sharing it. While Web 2.0 was originally intended to be open and accessible to everyone and create a decentralized free internet, it has resulted in internet giants collecting our data. As a result, Web 3.0 appeared. So how is Web 3.0 different from all these versions? Why is it seen as the future of the internet and what technologies does Web 3.0 offer? Let's take a look at Web 3.0 together.

What is Web 3.0?

Web 3.0. It is the continuation of Web 2.0 and therefore the third and final stage of internet development. Where Web 1.0 is a static version of the Internet and Web 2.0 functions more as a platform, Web 3.0 is more compatible with each other and is aimed at more users than ever before. Websites and applications are aimed at processing information in an increasingly humane way. This is made possible by technologies such as Blockchain, Artificial Intelligence (AI), Internet of Things (IoT) and Machine Learning.

Web 3.0 is a decentralized version of the internet, where the control is not on the big tech companies, but on the internet users. It is a philosophy that lives around the world. It is a vision of the future that is currently receiving great attention and is being actively worked on. In Web 3.0, protocols, internet infrastructure, platforms and applications are built with a decentralized approach. Blockchain technology, cryptocurrencies and NFTs play an important role in Web 3.0.

What are the features of Web 3.0?

Web 3.0 is about the future decentralized Internet, in which autonomy and privacy play an important role. In addition, the data, items and identity remain entirely yours and are no longer in the hands of the big tech companies. That's why Web 3.0 was developed in part against walled garden ecosystems created by platforms like Facebook, Apple, and YouTube that collect people's data, violate their privacy, and restrict users' control over their own content. In addition, the ultimate goal of Web 3.0 developers is to return control of the internet to internet users and disable Big Tech companies. All this is technically possible thanks to blockchain and related technologies. It includes cryptocurrencies, decentralized applications, smart contracts, tokens, and decentralized autonomous organizations (DAOs).

Web 3.0 is also referred to as the “blockchain version of the internet” or the “internet of value”. Because you can easily exchange financial value for cryptocurrencies. It is used for payments without a bank or intermediary for certain services, products or digital items. In short, you can have your own bank with your own digital wallet.

On Web3.0, you can pay for your services on the internet with crypto tokens or cryptocurrency. Conversely, you can also get paid for what you publish on the internet. The features of Web 3.0 that provide all this and more can be listed as follows:

• Instead of large parts of the Internet being owned by central parties, ownership is now divided between designers and users.
• Web 3.0 does not require permissions. Everyone has equal access to participation, no users are excluded.
• Web 3.0 is reliable, works based on rewards and economic mechanisms rather than third parties.
• In addition, users and machines will be able to communicate with data. This, in turn, can happen thanks to two important building blocks of Web 3.0: the semantic web and artificial intelligence.

What Does Web 3.0 Do?

Web 3.0 could theoretically grow a lot, because the flywheel effect of Web 3 could be enormous. The starting point is that as an ecosystem you build something in common, and not the product of a commercial company (collectively). Anyone can contribute to a system in which the autonomy of the user is central, and the more people participate for ideological or financial reasons, the more developers will want to create their own applications for this ecosystem, which will attract the interest of users. Since Web 3.0 works without intermediaries, the mutual rewards between users and creators become compatible with each other. This can also cause a flywheel effect.

But the most important thing is that it is accessible to everyone. Since there is no interference from a third party, everyone has permission to create virtual environments and allow others to participate.

As a participant in a platform, you can, for example, own part of the value of that platform in the form of tokens and sell those tokens. So it is a profitable platform. Other prominent Web 3.0 benefits include:

1. You are the owner of your own data

Web 3.0 seems like a kind of utopian internet that ideally treats all users, all data, all networks - all stakeholders - equally. Because you are the owner of your own data. You decide who to share your data with. So you have a lot more control.

Since Web3 facilitates the exchange of value through crypto tokens and cryptocurrencies, you also have the opportunity to financially profit from your own social media statements.

2. Can End Commitment to Technology Companies

Big tech companies have a lot of power on the internet right now. This, in turn, has several disadvantages, such as selling our personal data, manipulating, imposing high prices, abusing power, imposing censorship, and sometimes censoring news. In Web 3.0 it was developed to stand in the face of these negative situations. Therefore, you can think of Web 3 development as a kind of movement against monopolies and cartels.

3. Data Can Work Together

With a decentralized network, open source software and technology, it is much easier for different applications to run on different platforms, networks, and devices.

4. Check/ No inspection

Since Web 3.0 does not technically have 'moderators', everyone has access, regardless of place of residence, gender, ethnicity, income, age, etc. Without government regulation or commercial messages, information worth knowing can be shared with the rest of the world.

5. Graphics are More Improved

Web 3.0 makes it possible to blur the boundaries between reality and virtuality. With the introduction of 3D, for example, with the metaverse developed by Facebook, you can visit museums online, attend sports events and perform product presentations remotely.

6. Requires Less Costs

Since Web 3.0 wants to distribute applications and is the open source starting point, you only pay money to the blockchain network that makes the application run. This, in turn, reduces costs.

Web 3.0 Examples

The technologies and examples of Web 3.0 can make this next-generation version of the Internet more understandable and provide insight into where and how to use it. Although some features and vulnerabilities remain unclear, Web 3.0 is one of the biggest steps taken to shape the digital future. So what are some examples of Web 3.0 such as Blockchain, SSI, NFTs, and dApps that make frequent mention of the name?

Blockchain

Blockchain is a transaction technology. It is a computer network structured in such a way that it is technically and practically impossible to change anything about the data added to a blockchain network and has no owner. Since all computers in the blockchain network have the same information as other computers, a user or hacker cannot add or remove information unnoticed or surreptitiously.

Self-Sovereign Identity (SSI)

SSI is another important aspect of Web3. It means that you can do the storage and management of your digital identity yourself without being dependent on external providers. As a user, you can only (and by choice) share your data with the parties you work with.

Non Fungible Tokens (NFTs)

NFTs are untraceable digital currency. It also has an irreplaceable digital certificate of ownership, which can not be converted into money. You can digitally create this certificate and attach it to a digital object (such as an image), and then save it to a blockchain. NFT is not an image, MP3, or video. An NFT refers to a file that is located somewhere on the Internet.

Decentralized Apps (DApps)

It is usually an application that can operate autonomously through the use of smart computer programs ('smart contracts') on a decentralized blockchain network. dApps ensures that no part of the network instructs what to do to another part. Thus, it allows the network to still be able to work in the event of a failure of a node in the network.

Decentralized Autonomous Organization (DAO)

DAO is a method of regulation in which the implementation of agreements and rules is carried out (in part) by computer software. DAOs, which are used for the smooth progress of management, do not need managers such as CEO, CFO. Because the rules of management are encoded in the blockchain. DAOs are fully accessible, which prevents fraud.

While Web 3.0 is still an emerging technology, unprecedented interest and improvements in the Metaverse offer a more personalized and customized browsing experience. Blockchain technology, on the other hand, makes the Internet more decentralized, fairer, and more reliable than Web 2.0. Thanks to all this, you can incorporate Web 3.0 into your digitalization processes and take advantage of artificial intelligence technologies. Komtaş offers you suitable solutions in this process, you can contact us immediately to complete your digitalization processes without any problems.