People born in the 2000s have a better understanding of mobile devices than their parents. But surely, they would get frustrated trying to navigate around these monsters. We are now in a world where people are talking about cryptocurrency, NFTs, blockchains and metaverses but all of these originate from a very humble beginning. Yes, everything started from here.
Computers entered common markets in the 80s and they were fun. But it was in the early 2000s when internet started becoming accessible to a global user base and the real fun started. And there were subsequent developments henceforth with internet. And just like different generations got different names; Millennials, Gen Z, the stages of internet developments got names. As of now, Web 1.0, Web 2.0 and Web 3.0.
Web 1.0, to sum it up in a vanilla way, was ‘books on a screen’. Information was uploaded onto the web and viewers could read it. That’s it. In technical terms, it was a static site, meaning there was no way you could interact or communicate with it apart from reading whatever was written. Users were primarily just consumers of content.
Then came Web 2.0, where things started actually moving (no pun intended :P). Web 2.0 is also referred to as ‘Social Web’. Users were now able to interact with the webpage as well as other users in different ways, like leaving a product review, sharing content with other users and communicating. Archaic looking websites like this old website of Apple were based on web 2.0 and so are flashy new sites like that of Facebook. Sites that are the most visited these days are based on Web 2.0 like Youtube, Facebook and Twitter.
Web 2.0 is built keeping the users in mind while producers needed to think of a way to increase user engagement. This is where the contentious part comes in, giants like Google and Facebook started to take this data, which was initially meant for increasing user engagement and started monetizing it. Making money off of users information, selling user information to generate revenues became a common practice which is one of the main reasons you see so many trailing zeroes in the revenues of these tech giants. Something needed to be done? But what?
Enter Web 3.0. Being dubbed as the next big revolution, in not just the world of web but the world of technology. Web 3.0 is being built on (fancy word incoming) the blockchain technology. Essentially meaning users will be given more control and more power over their life on the web. Information will be controlled by users and decentralization of information shall start. Which also spells trouble for big tech.
It is already here, decentralized finance, cryptocurrencies, non-fungible tokens are all proponents of Web 3.0. It also comes with a purpose of revamping the backend and making life on the web faster. Web 3.0 will allow you to choose what you share as information and what you don’t, how you receive advertisements and how you don’t. It’s being termed as the revolution that democratizes the internet but there have also been murmurs of it being just another gimmick, a myth and just a buzzword. What it is, we wouldn’t know, but surely something new is about to rise on the horizon.
It’s that time of the year 🤑
We would love to know what are your expectations from the budget this year?🙆♂️