Web 3.0 - what will really change?

We don’t want to seem old, but we are old enough to remember a world without the internet. 

We remember web 1.0 and the beginning of the internet. The time when we had internet through the phone wire and paid for every minute used. Sounds crazy, right? Well, it is true.

The good news is that period did not last long, and web 2.0 changed completely from Web 1.0. On Web 1.0 you could only read things on the internet but there wasn’t much content out there. What Web 2.0 actually did was allow users to participate. So people started blogs, websites, newsletters, online magazines, shops, etc. 

Another big step in Web 2.0 was the beginning of social networks. We could connect, and interact with each other, with celebrities and brands. Businesses went online, reduced massive costs and personnel, and a new job opportunity appeared - "The Influencer".

Web 2.0 didn’t only make our lives better, it also took advantage of us, collecting our data, corrupting our minds, distracting us from real life and inducing insecurities about our appearance, our social status, and our relationships, so that we would never be happy with ourselves unless we buy a product, a course, a service and so on.

What does Web 3.0 mean and how will it affect us?

Basically, Web 3.0 should make our lives easier in many ways.

First of all, we have a privacy setup. So in order for companies to access your data, they are supposed to pay you for it. If you don’t want your data to be public, you will have this right. Secondly, in web 3.0 you will not only be a participant but will be able to OWN. To own digital art, to own the rights to a song, to own a piece of your favourite artist’s business. 

But we will not only own digital assets. How about owning anything you can think of in the real world.

Some of you will say, “I already own my house or my car”. Well, that is not entirely true. You own your house until you disagree with local authorities. Try not paying taxes and see what happens. 

We do not own fiat money because the banks can decide for you. The bank decides how much you can spend or withdraw in a day. Also, the bank can question your income and freeze your accounts if they think you are suspicious. The government can ask the banks to freeze your accounts if you don’t pay your taxes. 

So how does this change in Web 3.0?

NFTs are actually a form of possession. You own an asset, and the proof of ownership is a smart contract publicly available on the blockchain. Blockchain technology is not hackable, is public and can’t be frozen or stopped by the authorities.

That is the beauty of decentralization. So you will be able to own a real asset, like a real house and instead of a piece of paper to testify you own it, you will own an NFT with a smart contract. One that you can sell or transfer to your kids. And if we think about NFTs as more than pretty jpegs, and pay attention to the smart contract that stands behind the NFT, they will probably absorb any kind of contract in the future. You should read this amazing article >>> NFT

Will this really happen and when?

We are definitely going on this path and we don’t know anyone who was left behind in Web 1.0 and still pays for the internet by the minute. 

People will make this transition for sure and it will happen pretty soon. Is expected that people will really embrace cryptocurrencies and blockchain technology when the fiat money will be useless or too corrupt to be used. And not to be melodramatic but hyperinflation, that already started and will make business owners turn to crypto. 

The real question is this: do you own any cryptocurrency yet? 

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