The world is undergoing several digital adjustments, and if you are not careful, you may be left out. In the early 2000s, it seemed as though this adjustment was slowing down until 2015, when the covid-19 pandemic catalyzed the2 adjustment. Although the pandemic acted as a catalyst for digital adjustment, there were already laid out plans ready to be executed.
One of the already laid out plans concerned internet usage: a plan that would advance the internet to Web 3.0. Web 3.0 was to bring about changes in social media operations and cryptocurrency trading.
Although Web 3.0 has many benefits it offers, these benefits are only known to experts as everyday internet users are yet to get familiar with them. Fortunately, this article will be covering Web 3.0 and its effect on social media. Before we delve deeper, here is what to know about Web 3.0.
What is Web 3.0?
Web 3.0, also known as decentralized internet, is an advancement of web 2.0 with which you are familiar. To clarify, there are two internet dispensations before Web 3.0, and the first is web 1.0.
Web 1.0 is also known as the “READ-ONLY” internet dispensation where users only received outputs without any input. In this internet dispensation, you could only read information from companies and could not put anything on the internet.
However, there was development on web 1.0 to web 2.0, which had input and output features. On web 2.0, you could transfer data to the internet and get data from the internet. This web 2.0 that everyone is familiar with and several social media platforms are built upon.
Web 2.0 has benefits it offers to users in that it encourages users to connect through social media platforms. In this web dispensation, the world was said to be a small place because of the advanced internet services.
Further, several companies jumped on the project during this dispensation and established their projects. We have projects like Facebook, WhatsApp, YouTube, and several others. These social media projects allowed a large amount of data to be shared at a time.
Although web 2.0 seemed perfect, it had some flops. One of the flops of web 2.0 was the perceived slowing down of the network because a large amount of data was shared at a time on the network.
Also, web 2.0 could not offer total privacy of information for users. By this, secret information from users could be easily accessed by controlling bodies like Amazon, Apple, Meta, Microsoft, and Google. So web 2.0 was not built on a decentralized structure. Hence, a need to make advancements to it. Therefore, the advancement of web 2.0 to web 3.0.
read more about from Web 2.0 to Web 3.0 here.
Web 3.0 is built on blockchain technology, addressing the lack of structure and organization on web 2.0. Like the previous webs, web 3.0 will affect social media and its engagement.
The Effect of Web 3.0 on Social Media
Web 3.0 is built on a decentralized blockchain technology system and will offer everything a decentralized system can offer. These features of the decentralized blockchain technology contribute significantly to the characteristics of web 3.0, and these features affect the social media operations in web 3.0 dispensations.
In the web 3.0 dispensation, there would be:
Data privacy
Data privacy in that there won’t be involvement of a third party in your affairs. You can decide as you wish, keep your information from the public, and share the information you want to share. Also, this feature helps to solve the free speech hindered by web 2.0, where contents were regulated. On web 3.0, you can share contents you want to share and who you want to share without fear of being sanctioned.
Privacy while avoiding hacking
Web 3.0 will offer you protection from hacking as it is with other decentralized systems. It is difficult to hack the system and the accounts on the system since the system doesn’t involve a third party.
At the same time, Web 3.0 will be offering the peer-to-peer feature allowing you to connect and network with people without an interception.
Further, web 3.0 will offer for complete anonymity of its users. Users can even create a new value system to connect and interact.
Another critical effect of web 3.0 on social media is the mining technique that features. Web 3.0 can analyze posts, comments, and likes from users. By this, it’ll be easy to suggest content to users and ensure a great user experience for users.
Also, Web 3.0 will significantly impact how information is stored on data hubs. While web 2.0 stores information on centralized storage like google, Microsoft and Amazon, Web 3.0 will allow users to store information on decentralized data hubs. However, the challenge of storing data on decentralized storage hubs is creating a power storage system.
Further, Web 3.0 will offer users total anonymity in that they can have a unique identity and will be the only ones who gain access to their data and assets. By this, they don’t even need the permission of external bodies to gain access, as they own their assets completely and can access them anytime. Experts say you will be able to access your assets and services from anywhere for free, and they will solely be yours.
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Finally, on Web 3.0, you will be able to access 3D information and carry out virtual events. Some virtual events you can carry are playing games, attending spaces, commenting, and reactions to comments. You can participate in live events and historical places in the Web 3.0 dispensation.
Frequently Asked Questions on Web 3.0
What is a Web 3.0 Semantic web?
A semantic web groups information informs both man and computer can comprehend. In the case of Web 3.0, it is a combination of this semantic web and artificial intelligence. It is perceived that artificial intelligence would enrich the Web 3.0 semantic web.
How will the Web 3.0 technology work?
Web 3.0 will be developed in a way that it would act as a companion. Web 3.0 will make search suggestions based on previous searches you have made, suggesting videos and information that excites you. In essence, Web 3.0 will be built to know everything about you.
Why should I be excited about Web 3.0?
Web 2.0 has a loophole where external bodies could access information. As though it wasn’t enough, one can lose data on web 2.0 after a time or due to government restrictions. However, on Web 3.0, information can stay as long as forever if the owner decides to leave it there. In a way, Web 3.0 is acting like a bitcoin ledger.
What is the essence of Web 3.0?
The essence of Web 3.0 is to create independence for users both in cryptocurrency and the internet. So, your privacy is assured on Web 3.0, and you have the freedom of speech, and you’re protected from content restrictions whatsoever.
Does web 3.0 have disadvantages?
Yes, Web 3.0 has some disadvantages. A significant drawback of Web 3.0 is the difficulty regulating users because users have complete access to their content. Also, Web 3.0 will be difficult for a beginner, making them lose interest in it earlier enough. Further, there would be pressure on already platforms on web 2.0 to upgrade to Web 3.0 to ensure their continuity in the market. Finally, because Web 3.0 will be built using semantic data, 3D, and graphics, you can only operate Web 3.0 on devices with specifications for Web 3.0 operations.
To Wrap it Up
Web 3.0 is coming in big and hard. With heavy blockchain technologies, semantic web, artificial intelligence, and great graphics, Web 3.0 shows a promising future. While you may be excited enough, you must know the effects of Web 3.0. Although we touched on the general impacts of Web 3.0, we focused on its impact on social media.
Social media on its own will experience massive changes that would affect the way operations are carried out on social media. One change you’ll experience is the independence of contents as it is now. On Web 3.0, you can post contents that speak of government loopholes but are shielded from their actions. That is, the government can’t bring down your content.
Also, you will be able to upload data that is accessible to you alone. So, you need not be mindful of hackers of any sort. However, just like everything, Web 3.0 has some disadvantages, one of which is the difficulty in regulating the ecosystem itself. Aside from this, there are other disadvantages of Web 3.0. This article discusses all you should know about Web 3.0 and its effect on social media.