What In The World Is Web 3.0 And Why Care?


With the excitement of cryptocurrency and all that it entails you would be hard pressed not to see or hear the term “Web 3.0”. If you are like me, you may be intrigue but also shocked and wonder what is Web 3.0 and why should I care? Well, if you are even on this website or reading this blog you are certainly curious. Web 3.0 can be described in two terms ownership and connect. Prior to Web 3.0, the internet was literally a place to share information and connect socially, but now the internet has switched to ownership and connection of wallets.

Non-Fungible Tokens or NFTs have certainly played a major role in ownership on Web 3.0. Think about some of the major NFT projects such as the Bored Yacht Ape Club, this project has made a large profit. The creators of the project made this NFT of apes, build a community, and provided utility in the form of social gatherings, etc. Eventually the project has become its own brand, by selling merch and even having its own token for asset accumulation. Other ways ownership in Web 3.0 has been big is allowing programmers to make play to earn apps or games where people can connect there blockchain wallet (like Meta Mask) buy certain attributes or assets in the game and play with the intent of earning more digital assets like Ethereum or another token created. Some of the big games are Axie Infinity or even metaverse games like Sandbox and Decentraland.

Connecting your wallet allows you to enter all things Web 3.0. By getting a crypto wallet (like Meta Mask), you can go onto a website or app connect your wallet and begin your journey into Web 3.0. The reason I believe everyone should be learning and caring about Web 3.0 is because it gives the people power to innovate and own. Decentralization is another aspect of Web 3.0, unlike, centralized apps and social networks, people have the freedom to make and do what they want. But obviously, you want to treat everyone with respect.

The future is Web 3.0 and currently many big companies like Google are losing important employees due to growth potential of Web 3 companies/industry. So, I would say learn all that you can about this term and industry. If you have programming experience, learn how you can get involved with these companies, Web 3.0 is in its early stages and needs all the help it can get. If you are a speculator than learn the ways you can utilize this new technology to invest in. The possibilities are endless. I hope this help you gain some insight into what Web 3.0 is and how one can benefit from it.  As always continue to do your own research.

How do you rate this article?


16

0

TheeCryptoDoc
TheeCryptoDoc

Tech Junky, NFT Enthusiast, Entrepreneur, Crypto Educator, Dentist, Husband, Father of One.


Web 3.0, Connecting To All Things Crypto
Web 3.0, Connecting To All Things Crypto

The invention of cryptocurrency has allowed new innovations such as decentralized app (dapps), Defi, smart contracts, NFTs (non-fungible tokens), staking, exchanges, liquidity pools and more. So what does all this mean, and what is Web 3.0? To understand this one must understand the evolution of Web 3.0. In the beginning was Web 1.0 the invention, information could be shared. Web 2.0 the social age, think Facebook, Instagram, Snapchat and TikTok. Web 3.0 can be described in one word ownership or connect.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.