OUTLINE
A Review of the internet, The World wide Web, Web2.
What is Web3.0?
Blockchain and The Semantic Web.
An Overview of Web 3.0 projects.
Sentimental Analysis on Web 3.0.
The concept of Web3(web3.0) would be most appreciated when reviewed in line with how the Internet, web1, and web2 came about. Here’s a quick recap….
The internet as invented on January 1, 1983, was merely a small network of computers with only file and data sharing capabilities at the time.
Web 1.0 which is the world wide web as invented by Tim Bernes Lee in 1989 is a collection of documents interlinked by the internet. The web was read-only and didn’t have any responsive features. The first website is live here
Web 2.0 a.k.a “The Wisdom Web” a term coined by Darcy DiNucci is a collection of websites that aid user participation from social networking sites to shopping sites all collecting users' data for different use-cases. In web2.0, the company has access and in some cases, permission to do whatever with the users’ data.
Okay………….
WHAT EXACTLY IS WEB 3.0?
Web 3.0 a.k.a “The Semantic Web” adds machine readability, to web pages thereby adding more meaning to the web. Computers will be able to access the web as humans can.
Now, Where exactly do blockchains exist in this picture?..
BLOCKCHAIN AND THE SEMANTIC WEB
Web 2.0 came with all the glitz, the glam, and everything else we loved but there was a pain in the packet. Web 2.0 requires users' data, and this data often gets used for other reasons from getting sold to advertisers and corporations, to others.
With the advent of blockchain technology, people dreamed about a decentralized web bound by privacy and data ownership.
In 2014, Ethereum Co-founder Gavin Wood coined the term web 3.0 which would be a decentralized web that shared similar characteristics with the semantic web.
Web4.0 is…….Well, that’s off the scope of this article, but you can learn more about the internet and the World Wide Web here
OVERVIEW OF WEB 3.0 PROJECTS.
DEVELOPMENT — Gitcoin
FILE TRANSFER — Bittorrent
INDEXING — The Graph,
SECURITY — Certik, Hacken, Quantstamp
GAMING — Somnium Space, Bloktopia, Axie Infinity, Vulcan Forged
SENTIMENTAL ANALYSIS OF WEB 3.0
Lately, Web 3.0 has been a major topic of discussion across social media platforms. Recently, it was the tweet of former Twitter CEO, Jack Dorsey hosting the elephant in the room. Tweet link here
There has been a lot of concerns about the future of the decentralized web and also, a lot of education about the topic.
Sentimental Analysis data from Google trends and Sanbase shows that web 3.0 searches and conversations have been increasing with time however, this has not reflected on the price action of web 3.0 cryptocurrencies.
GOOGLE TRENDS
Web 3.0 (Related Searches and Queries)
SANTIMENT
WEB 3.0 SOCIAL VOLUME(BLUE) & BTCUSD GREEN
WEB 3.0 TWITTER AND REDDIT CHARTS AGAINST BTCUSD(GREEN)
All the charts show a significant increase in web 3.0 related activity over the last three months. Hopefully, price action for these web3 cryptos would follow suit.
We could see inflows from the following…
Venture Capitals.
Institutions.
Web2 companies partnerships.
Retail buyers
All parties exploring the new web ecosystem. We could see some web 2.0 companies build or rebrand into web 3.0 companies.
Late in 2019, Twitter Inc funded a small Independent team (Bluesky) to build decentralized standards for social media. The tweet link here
What are your thoughts on web 3.0 cryptocurrencies? Leave them in the comments below...
Disclaimer: This is educational content for Fundamental Analysis purposes and NOTHING in this publication should be considered Financial Advise.
Great read
Its Insightful too and now i know a bit about web 3. thanks to this, I have to do more research on it. Thanks your links too.