Web 3.0 ?

Question

What do you think of Web 3.0?

Mahesh Chand · Answer

Web 3.0 is a natural progression of Web 2. 0 and eventually, more and more systems will develop using Web 3.0. Web 3 is also a need and demand of GenZ and the younger generation that would not want centralized entities such as Social Media, Banks, Financial Institutes, Healthcare giants to mine and sell their personal data. If they do, the next generation demands to get paid for that. Web3 introduces new technologies, including Blockchain, AI, 3D graphics, decentralization, and digital assets, allowing new systems to be built and run with a need for less time-consuming legal processes. For example, you can launch a public company that is tokenized and raise funds from the public. You can distribute rewards and tokens without spending millions of dollars. That aside, Web3 also enables gamification and engagement that the next generation is growing up with. It is going to be an exciting next 15 years.

Tahir Ansari · Answer

Web 3.0 is often linked with the integration of blockchain technology and cryptocurrencies. Blockchain can enable secure and transparent transactions, smart contracts, and decentralized applications (DApps). Cryptocurrencies, as digital assets, could become a key component of the financial ecosystem in Web 3.0.

Web 3.0 ?

Answers (2)