The world web 3.0 market was worth USD 3.2 Billion in 2021. It is predicted to grow at an increase of 43.7 percent during the forecast time.
The incredible growth rate illustrates the potential in this area. Researchers as well as entrepreneurs and students are examining the web 3.0 period and are seeking to harness its potential to build an application that would differ from the typical apps that we are using today.
A tech-focused company, Facebook is changing its brand name to Meta and has decided to put billions into this area because of its promises of developing next-generation applications based on the Metaverse.
Evolution Of Web1 To Web2 To Web3 Apps
The Web began to be created in 1989 and has grown significantly since its inception. In the past, it was described as a collection of documents that were hyperlinked and contained images and text accessible to any person connected to the internet. The world is currently in a stage in which we are trying to incorporate intelligence in order to enhance automation, mobility, and globalization.
Web 1.0
From 1989 to 2005, users considered the Web as read-only. This meant that users could only view websites on the Web and were crucial and used primarily to distribute information. static HTML pages, made using browsers such as Netscape and Explorer were linked to one another via links and metadata. This type of Web was focused on the delivery of content and the dynamic interaction was not a factor. The primary goal was to permit users to access information across the globe instead of interfacing via it, which could be achieved by this kind of Web and proved that there was a chance in the near future of an era of digital communication which would be built on this model.
Web 2.0
After having thoroughly explored Web 1.0 and its capabilities In 2005 Web 2.0 emerged. The Web 2.0 model focuses on the interaction between people using the Web and came up with new methods to enable dynamic interaction. It believed in concepts like the fact that information that is the driving force behind the Internet as well as the diverse aspects of a network can be developed in a way that is independent of each other. People can be able to consume content and then make it themselves, leading to increased participation by people all over the world. Websites such as blogging and social networks that use technologies such as JavaScript and the .NET framework were utilized and also incorporated into rigorous Internet protocols. Web 2.0 allowed for productive collaboration and the creation of high-quality content and also facilitated the development of dynamic web applications that put the contribution of users on the Web as the primary goal.
Web 3.0
The current time in which we live is based on that Web model. Web 3.0 is the ‘read-write-executable’ Web, which aims to make connections more intelligent and open, giving the user the power to be a content owner rather than just a mere user. It’s built on a decentralized and unrestricted model that grants users the ability to use the Internet in any way they choose, without compromising their privacy. Web 3.0 is yet to be fully developed and the next few years are positive for the Web ecosystem.
Features & Importance Of Web3 Apps
There are many reasons to believe that Web 3.0 is the next major technological revolution. The capability to enhance the Web in a manner that it is able to automate its actions or build an online network that blurs the distinction between reality and visual. Additionally, Web 3.0 gives the sole digital control of the content to users, eliminating any potential for central power. This increases overall security and lowers the chance of fraud. It is important to learn about Web 3.0 and the technologies that are involved, like Blockchain as well as Artificial intelligence, as many companies have also embraced innovation. To stay competitive in the market it is essential to design a user-defined product built on these.
A few of the aspects of Web3 apps include:
1. Edge Computing
Edge computing lets data processing be nearer to the origin of data, which includes smartphones, laptops, smart cars as well as IoT devices.
2. Artificial Intelligence
Artificial Intelligence aims to equip the Web with smarter browsers that are able to recognize human needs more effectively through different algorithms and provide more precise results. It offers a more personalized experience to the user whether it’s on search result pages or in ad suggestions, and improves the interaction between the user and the web.
3. 3-D Graphics
Web 3.0 uses 3-D graphics to give you an immersive, virtual experience that is akin to real life. Compared to GIF pictures, GIFs as well as graphic elements that we employ today, 3D graphics are a huge leap. Web 3.0 will allow virtual concerts, shopping excursions as well as visits to tourist sites.
4. Semantic Web
Semantic Web represents the next step in the field of Web and is focused on making it possible to comprehend data within the context of the user rather than only in terms of numbers or text. Tim Berners Lee defines it as “a web of data that can be processed directly and indirectly by machines.”
Some Success Stories Of Web3 Apps
Siri
Siri is among the most well-known voice assistants created by Apple and is a fantastic illustration of how technology can be utilized to improve our lives. Siri facilitates human-like conversation and hands-free retrieval of information, as precise and personalized results for searches, as well as similar to human information retrieval.
Wolfram Alpha
Wolfram Alpha has recently gained enormous popularity as a popular search engine that is based on computational intelligence. It has the ability to analyze and gather all information that is relevant to a query, instead of giving a list of relevant articles. It also provides the user with more than adequate information and offers an amazing user experience.
Sapien
The social network site that is run by Ethereum is unique in that it allows users the creation as well as implement a variety of applications, tools, technologies, and tools of which they have all-inclusive control. Sapien is a very flexible platform that rewards the creation of content and reduces fake news.
Brave
The Brave Browser, developed by the Mozilla Foundation, focuses on offering users a more efficient, reliable, reliable, and safer browser that puts the needs of users and their preferences first. It’s open-source and uses blockchain technology to stop ads, spam, and trackers. It lets users trade their data for cryptocurrency.
Final Thoughts & Key Takeaways Of Web3 Apps
The Web3 revolution that is expected to take place in the coming years will transform the way we use the Web and open up new possibilities which were previously unattainable. Therefore, it’s crucial to get started exploring this new field and search for products that can help create an unquestionable place in this market for the near future.
Markovate, a Web3 development company will assist you in the creation of Web3 apps using cutting-edge technologies to give you an advantage over other apps and provide your app a whole new dimension of performance. We strive to develop safe, reliable, reliable, and also scalable apps that offer users the most enjoyable experience and incorporate every element that can assist you in achieving your business goals.
