Imagine a new kind of Internet that allows you to monetise your personal data and transfer value from peer to peer without requiring the permission of any centralised authority. Regarding the evolution of the Internet, we are about to enter a new era. It has been termed Web 3.0.

But what exactly is Web 3.0? 

Remember that famous quote, “You can’t really know where you are going until you know where you have been.” Well, the same is true for the Internet. 

So with that in mind, let’s see how the evolution of the World Wide Web has led us into a new digital economy.

Web 1.0 - the age of the Informative Internet

The first iteration of the World Wide Web revolution (Web 1.0), created by Tim Berners Lee,  was a clunky, dial-up version of the internet that focused on information and static content. 

Web 2.0 - the age of the Social Internet

“If something is free, you’re the product” - Richard Serra.

Then came Web 2.0, the second iteration of the World Wide Web, which seamlessly made information and data transfer over the internet. This is the web we know today - a web with an emphasis on user-generated content, ease of use, participation and social media. 

But there’s a catch. 

A significant flaw in the Web 2.0 design is that all the data became stored on centralised servers, controlled by companies we know today like Microsoft, Amazon, Google, Facebook, and Twitter. User data suddenly became the new currency of choice. Many of these companies started selling customer information to advertisers, and suddenly, the user (you and I) became the product.

Web 3.0 - the Internet of Value

The World Wide Web is now in its third iteration - Web 3.0.

Web3.0 tries to fix the problems created in the Web 2.0 iteration. In simple terms, Web 2.0 focused on transferring user information with centralised points of failure and a system that ultimately accrued value to the corporations and executives rather than the owners and users of the internet.  

In stark contrast, Web 3.0 focuses on creating a decentralised network for transferring value that ultimately accrues value to the users and token holders of the protocols - not the corporations. 

The primary aim of Web 3.0 is to break the dominance held by this handful of players from the previous iteration by replacing the centralised server-client infrastructure used in Web 2.0 with a decentralised computer network. In other words, pioneers within Web 3.0 want to create a decentralised internet that is free from the shackles of corporations and conglomerates.

How can you participate in Web 3.0? 

Now I know what you are thinking, how do I even get involved in Web 3.0? 

Well, Web 3.0 is built on blockchain technology. Therefore, any blockchain technology or cryptocurrency investment can be seen as a Web 3.0 investment. 

Alternatively, Smart Contract and Decentralised Finance (DeFi) technology are two of the most prominent infrastructures utilised as a foundation for Web 3.0.  

Where to buy Web 3.0 crypto assets?

Altify offers exposure to various Web 3.0 cryptocurrencies with their standalone crypto assets and Crypto Bundles. You can invest in Web 3.0 crypto assets like Ethereum, Polkadot, Solana and Cardano or diversify your investments within the Altify Smart contract bundle and DeFi Bundle.