Skip to main content

Introduction to Web3

 What year did Web 3.0 debut?

The term "web 3.0" first surfaced in 2006, not earlier. The New York Times' John Markoff coined the phrase to describe a third generation of Internet-based services that collectively make up what could be referred to as "the intelligent Web."


Web 3.0 Made up of

Web 3.0 contains decentralization, artificial intelligence(AI) and machine learning, and connectivity.


Facebook, YouTube and google gathering data of yours and monetize it once used by you. 

Web 3.0  provides crypto wallet for you to keep your data through which you can connect with apps and people. You can pull your data when you sign off. Conceptually data owned by you, make you decide if you want to monetize it or not.



Advantages

  • The Internet eventually will be personalized, very easy for working on it.
  • Web 3.0 give extra liberty to all content creators. Creator gets extra power.
  • Web 3.0 Drive power to sellers for Better Marketing.

Disadvantages

  • Difficult to control web 3.0 as cyber crime rises.
  • Businesses need to upgrade their website and apps which will work in web 3.0 then only it will work otherwise they lose their previous Market in the future.







Comments

Popular posts from this blog

Starbucks Teases Web3 Updates to Its Well-Known Rewards Program

To better engage customers, the global coffee firm is looking to digital collectibles Starbucks CEO Howard Schultz stated that Web3 will play a role in the future of the famous rewards programme. During the company's third-quarter 2022 earnings call on Tuesday, Schultz stated, "We've been working on a really fascinating new digital effort that extends on our existing industry-leading digital platform in inventive new ways, all focused on coffee and—most importantly—loyalty." According to Schultz, the new digital project will be unveiled on September 13 during the company's annual Investor Day event in Seattle. Starbucks will be able to expand on its present rewards engagement model while also introducing new techniques of emotionally connecting customers, according to Schultz, While giving a wider variety of awards and strengthening its "digital third place community" strategy. The term 'third place' refers to a community space located between ho...

This year, hackers have already cost Web3 projects billions

Flash loans have also caused significant harm, along with phishing and vulnerabilities. In the first half of 2022, hackers and con artists were able to steal more than $2 billion from Web3 projects, surpassing the total lost in 2021. While viruses, hacks, frauds, phishing, identity theft, and other social engineering attacks are all pretty popular among threat actors, a new threat that has emerged and become quite the monster is flash loan attacks, according to a report from CertiK. A flash loan is exactly what it sounds like; it's a loan that may be obtained and paid back quickly. However, considering that people can obtain huge sums of money through flash loans, these can be abused to attack certain protocols and syphon off money. Loss of millions The Beanstalk procedure experienced a similar occurrence in April 2022. Voting rights are granted to BEAN token holders in large quantities, letting them to decide on significant decisions like money withdrawals. An attacker was able to...

A Croatian Web3 firm provides NFTs with lifelong Netflix and Spotify subscriptions

Buyers would receive a digital debit card in addition to the subscription-based unique NFT, which has a cap of 10,000, and use it to pay for their membership. Developer of Web3 subscription and ticketing solutions Revuto debuted a ground-breaking Netflix and Spotify subscription strategy on Friday using a nonfungible token (NFT) method. Through its Revolution NFT, Revuto announced that it would provide a lifetime digital subscription to Netflix and Spotify. The customised subscription model would be available to a total of 10,000 users. The head of business development at Revuto, Dino Ivankovic, described how these NFTs with subscription models could develop into a different ecology. To Cointelegraph, he said: "We want to give users more discretion. By distributing or selling unused memberships to people who would utilise them, individuals will be able to make money utilising NFT technology. In the future, users may even be able to rent it." The ability to trade these subscri...