The third generation of the World Wide Web (WWW), referred to as Web 3.0 or Web3, emphasizes instantaneous immersion in the digital world.

This version of the internet emphasizes personal data ownership and the use of blockchain technology and cryptocurrencies. Web 3.0 is currently in the early stages of development, but its goal is to build an open, decentralized Internet platform that offers consumers increased value and security.

The intention is to create a more user-centric internet where people are in charge of their data and may conduct peer-to-peer transactions without depending on centralized entities.

Web 3.0 technologies are expected to be distributed, trustless, and open. Platforms for content creation will be built using open-source technologies, guaranteeing accessibility and transparency.

Everyone will adhere to Zero Trust principles in a trustless environment, and network protection will reach the edge. This implies that users, devices, and services can interact without requiring permission from a single authority.

Thanks to blockchain technology, people can communicate directly with one another in the next phase of the internet. Users can connect by joining Decentralized Autonomous Organizations (DAOs), which are organizations managed and owned by their community. A network of publicly accessible smart contracts housed in a blockchain under the control of a decentralized network of nodes will safeguard user data.

Additional Web 3.0 projections include of:

Blockchain technology will trace every transaction on a distributed ledger, decentralizing data transfers.

Thanks to open intelligent contracts, data integrity will no longer need to be maintained by centralized entities.

The metaverse will significantly boost the entertainment industry's earnings.

Blockchain technology will safeguard intellectual property and personally identifiable information (PII) while enabling users to instantaneously create digital goods and non-fungible tokens (NFTs).

Users will be able to make money off of their data.

Web 3.0 was first referred to as the Semantic Web by its creator, Tim Berners-Lee, who also built the WWW.

In his vision, the internet would be self-sufficient, intelligent, and open, utilizing AI and machine learning as a "global brain" that could conceptually and contextually analyze content. Even though these idealized versions have not been fully realized because of technology limitations, Web 3.0 is still evolving toward these objectives.

Characteristics of Web 3.0 include:

Semantic Web

The Semantic Web improves internet technology by enabling individuals to create, share, and connect content through search and analysis focused on comprehending words rather than numbers and keywords.

Machine Learning and AI.

Thanks to machine learning and artificial intelligence (AI), Web 3.0 will become more intelligent and more sensitive to user requests, especially when paired with natural language processing (NLP).

Internet of Things (IoT)

Semantic metadata enables the Internet of Things (IoT) to connect different devices and applications, facilitating the effective use of available data. As a result, access to the Internet is becoming commonplace.

Trustless Data

Because decentralized protocols exist, users can communicate privately or openly without worrying about third parties.

3D Graphics

3D graphics improve user experience in virtual tours, e-commerce, and gaming.

Participation without authorization

Participation without authorization: Users can take part without needing permission from a central authority.

Metaverses, NFT-compliant blockchain video games, improved digital infrastructure and privacy, decentralized finance, and independent decentralized organizations are a few examples of applications.

With cutting-edge technology, Web 3.0 seeks to make the Internet a more intelligent, secure, and user-focused platform that offers a smooth and rich digital experience.