Source: Photo by David McBee: https://www.pexels.com/photo/bitcoins-and-u-s-dollar-bills-730547/
Web3 is the latest version of basically the internet and ill dive into the important dynamics behind it's engine but before we begin we are going to discuss web 2.0 a bit.
Web 2.0 has dynamic pages like elements of social media integrated into the websites and also USD currency can also be integrated and the biggest example of it are the following platforms that have been quite successful.
- YouTube
All these above websites are most visited according to traffic analysis in recent reports to at least the USA region.
Web3 is a different system all together, as the following things can be associated to it.
- Cryptocurrency based elements
- Augmented Reality
- Virtual Reality
- Artificial Intelligence
- Complete Decentralization
While the biggest example of web3 website integration with cryptocurrency is hive.blog rumors on the street is that Meta is being developed to have augmented reality, virtual reality as well it has it's own artificial intelligence engine working for it called "LLama3"
Things are looking really exciting for the world of web3 already especially for the incoming future which will bring new possibilities to the mix and many areas can be explored. Right now these big tech companies that are working on web3 are working on making sure to take full advantage of web3's decentralization model and making sure to save the data it provides into a more stabilized format which can be used to improve the structure further for future usage, specifically.