Will Web3 significantly change the future of the Internet?
If you have read Technically long enough to see hype cycles run their course – as shiny new things quickly become industry standards and/or pilloried by skeptics – then you might already be seeing a familiar phenomenon surrounding Web3.
But maybe, despite (or because of) the hype, you still need a refresher, or at least an easier way to explain it to the non-techies among you. In short, it’s the third iteration of the web we all depend on. The first version was Web 1.0, the World Wide Web of yesteryear with limited functionality. The second, Web 2.0, allowed more interactivity and responsiveness from users who highlighted the explosion of social media.
Now we are moving further into the era of Web 3.0, aka Web3. This more decentralized version incorporates blockchain, AI, AR/VR immersion, open-source architecture, and other newer technologies. These components form the technical and philosophical foundations of a system whose champions claim Web3 will make our world both more integrated and less dependent on the powerful entities that controlled previous iterations.
Or as the person who coined the term “Web3” put it WIRED last fall: “Less trust, more truth.”
The hopes behind Web3 manifest most clearly in the innovation and development of cryptocurrencies, NFTs, metaverse and other products that offer the promise of empowerment and self-actualization without relying on intermediary conglomerates .
But what does this actually mean for startups, developers, and the rest of us acclimating to or emerging from this new ecosystem? What do companies that buy space in the metaverse actually own? Is the compelling state-level cryptocurrency advocacy undermining the niche excitement that drove people to it in the first place? Will lawmakers and regulators remain incredibly behind, only catching up with democratic freedoms once are already violated?
While we certainly don’t have the answers to all of these questions, we’re keenly interested in better understanding how they, and others around Web3, apply to you. This is why March is Web3 month of Technical.ly’s 2022 editorial calendar.
This means that our reporters focus more on how local economies will use and be changed by the technologies that make up Web3. We will ask ourselves: how do we build a connective, social and decentralized Web? What aspects of Web3 – including NFTs, DeFi, DAO and cryptocurrency – are here to stay? We’ll also cover the metaverse and other immersive web topics, though they are not synonymous with Web3. Look for explanations and expert commentary throughout.
But that doesn’t mark the start of our Web3 coverage. We have already published the following relevant stories, among others:
Are you an expert we should talk to or do you know of one? Is there a report we need to read to better explain this topic? Are you working on a product or solution of the future? Want to write a guest post in the first person about your relevant experience or share relevant resources? Let us know: