Web 3.0 or Web3 is a term used to describe the next generation of the internet. It is based on a decentralized network that does not rely on centralized servers. This makes it more secure and resilient. Dan Schatt and Domenic Carosa, executives of Earnity, want people to have the most secure and accessible crypto resources.
Heavily reliant on blockchain technology, Web3 follows three principles: decentralization, permissionless and trustless interaction, and reliance on AI and machine learning. The ideal core drives web3 to provide developers and users with an open-source web that isn’t controlled or monitored by a single person or organization. The ideal is an integral one as the current web version is dominated by big tech companies such as Google, Apple, Netflix, and Amazon. Along with these companies are over a dozen governmental, weather, and dictionary websites.
Behold the Future of the Internet
There is no secret that Web3 is the future, and one of its objectives is to address the issues faced by Web2, the dominant and current version of the internet. As Domenic Carosa and Dan Schatt of Earnity want people to realize the potential of Web3 and utilize it. Web3 supports decentralization through cryptocurrency and blockchain technology. This version of the internet aims to give power back to the users, offering them ownership and control over their data, doing away with big tech companies acting as intermediaries.
Without the participation of mediators, global users can provide services to others in the network while having power over the areas of the internet they utilize. The objective of Web3 is to empower individual users, as compared to Web2’s goal of supporting community development. Web3 focuses on user empowerment through improved privacy, security, and trust. Web2 pays more attention to tagging and UX strategies. Moreover, Web3 will use 3D graphics and employ behavioral advertising for a genuine move toward the future.