If history has taught us anything, these changes will matter a lot. The web we are experiencing today is much different than what it was just 10 years ago. How has the web evolved, and more importantly, where is it going next? Also, why do any of these things matter?
It’s probably most helpful to think about Web3 in the context of previous internet paradigms, Web1 and Web2.
While Web1 was read-only, the companies we associate with Web1 were built on open protocols meaning pretty much any person or organization could build on the internet, and know they were subject to the same rules as the next person or organization
Then along the way, the internet became largely dominated by the four behemoths we know today as, Apple, Amazon, Facebook, and Google.
Under Web2, the internet became more usable: Web2 was dynamic and users could consume, interact with, and create content on the internet themselves.
Web2 also saw an explosion in the use of smartphones, and most of internet use was through mobile apps and hardware built by these companies. This meant more people could participate in the internet, it also meant the internet was becoming increasingly controlled by the leading digital platforms.
Why was this a problem?
In the centralized internet we know today, they can access your data. Instagram, Twitter and Facebook can de-platform your President, and the everyday consumer has less privacy, security and control over their online information than ever before.
We also see a lot of data breaches happening all across Web2, leading to reduced security and privacy for one's personal data. User's are prone to data breaches and it's easy for them to become a victim of identity theft, personal attacks, et cetera.
WEB3
Web3, the future internet we’re moving towards, is a decentralized internet. Under Web3, the internet is shared online and governed by the collective “WE-US” rather than owned by centralized entities.
IMO: Web3 enhances the web we know today by making it decentralized, distributed, open, trustless and permissionless.
The Web3 world is one that has open-source protocols at it's foundation. Web3 is about rearchitecting internet services and products so that they benefit people rather than entities.
Read-Write-Own
It is getting built such that everything would happen in a decentralized distributed way giving no central authority access to control the system. ‘Permissionless’ in that anyone, both users and suppliers, can participate without authorization from a governing body. ‘Open’ as it would be open sourced software built by an open and accessible community of developers and executed in full view of the world. ‘Trustless’ in that the network itself allows participants to interact publicly or privately without a trusted third party.
Web3 applications either run on blockchains, decentralized networks of many peer to peer nodes (servers), or a combination of the two, that forms a crypto-economic protocol. These apps are often referred to as d-Apps (decentralized apps), and you will see that term used often in the Web3 space.
Tokens also introduce a native payment layer that is completely borderless and frictionless. Crypto wallets like MetaMask and Torus enable you to integrate easy, anonymous, and secure international payments and transactions into Web3 applications. Even native blockchain protocols like ETH on Ethereum operate in this manner.
And because blockchain data is all completely public and open, purchasers have complete transparency over what is happening and when.
I'm a game developer who recently transitioned into the Web3 space, for building NFT's in Games. I want to start building just to get a sense of what the Web3 Game Development experience feels like. And I want to get an understanding of the types of in-app-NFT's that I can build today.
for the plot😉, haha.
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