Are you passionate about web technologies and eager to study an incredible web evolution? Or perhaps you are a moderate skeptic who would like to learn about the decentralized web concepts but take it all with a grain of salt.
Like it or not, you live in a transformative era and are an eyewitness to an unprecedented shift in our perception of the Internet. The change is inevitable, even if you cannot predict where it will eventually end.
We gathered five commonly asked questions related to the new Web 3.0 era. This blog post answers your queries and helps you better understand new World Wide Web standards.
What is Web 3.0?
Web 3.0 is another stage of web evolution. It all began with static websites in the early nineties. Then, with the emergence of social media platforms, we advanced to the Web 2.0 Internet.
Web 3.0 is another phase in the evolution of the Internet often called a new Internet iteration. The following terms characterize Web 3.0:
- Decentralization,
- Permissionless,
- Native Payments,
- Trustless.
In reality, it means that with Web 3.0, you can use the Internet as you always have, without its most significant flaws. Web 3.0 is not controlled by centralized monopolies nor limited to any exclusive communities. Thanks to native Web 3.0 payments, internet users can seamlessly transfer money without the involvement of a central authority.
How to access Web 3.0?
Now that you have a general notion about Web 3.0, let’s move on and grasp some knowledge concerning the business models, Web 3.0 companies in particular.
Enterprises operating in the global Web 3.0 market take advantage of the broad scope of opportunities that come with blockchain technologies. Web 3.0 companies serve various sectors, including e-commerce, media, IT & telecom, and even healthcare. In addition, they focus on decentralized finance, data security, and new ways of utilizing digital assets (you must have heard about the NFTs, Metaverse, and the unique utilities of digital art).
In their operations, Web 3.0 companies may leverage augmented reality, machine learning, and artificial intelligence for optimal adoption of decentralized protocols.
Web 3.0 companies’ operations frequently focus on utilizing cryptocurrencies and exploiting the freedom granted by decentralized networks.
Real-world Web 3.0 companies’ examples
Thanks to the recent study published by Emergen Research, you can discover the top 10 World’s Prominent companies in the Web 3.0 market. The enterprises were ranked according to their revenue, and the list of leading Web 3.0 businesses includes:
- Helium Systems, INC – a US-based IoT developer.
- Coinbase Global, INC (Coinbase) – a US-based cryptocurrency exchange platform.
- Polygon Technology – a leading decentralized Ethereum scaling Indian platform developer.
- CosenSys – a blockchain software technology company located in New York City.
- CoinSwitch Kuber – India’s leading cryptocurrency platform.
- Web3 Foundation – IT company headquartered in Zig, Switzerland.
- Alchemy Insights, Inc. – US-based Web3 developer.
- Brave Software, Inc. – US-based software company that offers a free, open-source web browser.
- Biconomy – a developer platform offering suitable solutions to blockchain developers.
- Huddle – a decentralized video-conferencing platform that eliminates centralized servers from video calls.
How to become a Web 3.0 developer?
While web infrastructure becomes more complex and online user interaction gets new dimensions, it is natural for more people to be interested in starting a new career path as Web 3.0 developers.
But how does someone enter this lucrative field and specialize in blockchain programming? TechGig, India’s largest and fastest-growing developer community, proposes to follow these steps:
- Learn the fundamentals of blockchain technology.
It would help if you devoted time to comprehend what you’ll subsequently build on. - Get a basic understanding of smart contracts.
Smart contracts are programs stored on the blockchain that run where predetermined conditions are met. Therefore, they do differ from the standard code. - Learn how to use blockchain to interact with it.
You will need to interface with the blockchain; learning it is another prerequisite. - Learn solidity.
An object-oriented programming language designed to implement smart contracts on various blockchain platforms. Mastering solidity may be vital for a successful Web 3.0 developer career.
There will be chances for non-technical people
Even if today, becoming a Web 3.0 developer may seem to be reserved for a small group of people, the next generation of the World Wide Web will undoubtedly yield new job opportunities.
Would you like to become a Web 3.0 programmer or a technical writer specializing in content creation, explaining the implications of the next phase of the World Wide Web evolution? Multiple blockchains will likely bring numerous job openings. You don’t need to be tech-savvy to find your path. Designers, writers, project managers/product owners, and professional marketers should be able to find new occasions.
How to invest in Web 3.0?
Web 3.0 investments are what attract a large group of people. You may have heard about ordinary people who became Bitcoin millionaires overnight. However, with the limited Bitcoin supply, the times of X thousands of growth are likely gone.
Still, a variety of new crypto projects attract the attention of investors worldwide. So, how can you invest in Web 3.0 projects?
Cryptocurrencies
Cryptocurrencies are at the roots of the Web 3.0 world. You can already use crypto to pay for NFTs and purchase ownership of metaverse digital lands. It is likely that with the constant development of web technologies, cryptocurrencies will become a more common means of payment in the Web 3.0 ecosystem.
Today loads of people use cryptocurrencies for speculative purposes. As a result, it is possible to achieve highly significant gains, but on the other hand, there’s a substantial risk of losing all investment value.
NFTs
NFT is an abbreviation of a ‘Non-fungible token.’ The NFTs are a digital representation of one-of-a-kind items. The concept of NFT is relatively fresh. While they are prominent in the art space, they also have applications in gaming, fashion, social spaces, music, and virtual real estate…
Metaverse
… speaking of virtual real estate. Metaverse is another Web 3.0 concept that can’t be ignored. The metaverse is supposed to create an alternate universe through artificial intelligence, machine learning technologies, the social web, augmented reality, and other ideas tied to the multidimensional, spatial web.
Even though the future of Web 3.0 is highly unpredictable, you can already draw some conclusions based on historical data. For example, in October 2021, a metaverse real estate parcel’s average price was $2,620. CNBC reports that it shot up to $11,042 after Facebook announced the company’s name change.
Purchasing metaverse lands like cryptocurrencies and NFTs may be highly speculative at the moment; it can soon turn into a tangible investment.
Things to know about Web 3.0
Web technologies constantly evolve, and the Web as we know it today, full of exploitative advertising with serious queries regarding user privacy, can be gone in no time. On the other hand, Web 3.0 is still immature, but it already provides users with vast new opportunities and is worth observing its constant evolution. Questions answered in this article will help you at the early stage of your Web 3.0 adventure!
Resources:
https://www.gobankingrates.com/investing/strategy/how-to-invest-in-web-3-0/
