Is Web 3.0 being hyped?

Ladies and gentlemen, Web 3.0 is expected to become the future of the Internet of Things - where all limitations of Web 2.0 are removed. However, there are mixed opinions that suspect that Web 3.0 is just the definition drawn up by crypto investors, and that Web 3.0 is an inflated fairy tale, just a theory.

Web 3.0 - delivering value

Web 3.0 is the web version that was born to solve the problems of Web 2.0. With Web 3.0 - the generation of an intelligent Internet, power is in the hands of the user, the user himself is the owner of his information and cannot be interfered with by anyone.

There are many definitions for Web 3.0, but the core lies in the decentralization of data control. There have been many data acquisition scandals, leaks, large-scale data acquisitions or abuse of customer information to create a monopoly position in the market of a series of large corporations that have made Web 3.0 possible. be more "acclaimed".

Google - The King of Web 2.0 announces the development of Web 3.0

Just recently, Google officially said that they are considering developing Web 3.0 and integrating blockchain technology into their products, making all the attention focused on the new generation of the Internet of Things.

Although this may be a "engagement" in an area that may not be very fertile, Google still believes that it can benefit from open source technology - where Web 3.0 gathers so much. .

In addition, most recently, the race to develop Web 3.0 also included billionaire Masayoshi Son when his company Softbank, Sequoia Capital India and many other investors poured 450 million USD into building applications. Web 3.0 and development efforts in this space

These funding and investment rounds are arguably the clearest evidence of growing interest in Web 3.0.

Is Web 3.0 really the future of the Internet? Previously when the Internet was newly formed, at this time there was no classification of web 1.0, web 2.0, web 3.0, then people only understood the web as simply passive information pages posted by website owners and Users can only read it, but cannot interact with the content they read.

Therefore, Web 3.0 is the future of the Internet, which will gradually replace Web 1.0 and Web 2.0. Clearly, Web 3.0 is an idea full of potential. In fact, there have been many large companies embarking on Web 3.0 development in many aspects: from infrastructure to application-oriented.

According to a Fortune magazine report, in 2021 alone, there will be about $27 billion spent by investors on potential Web 3.0 projects. CEO Mark Zuckerberg has also stated their priority is to build and grow the metaverse virtual universe - part of the definition of Web 3.0.

However, Web 3.0 is no fairy tale - many doubts remain Although Web 3.0 has many outstanding advantages, it is not certain that it does not have limitations. Some limitations are mentioned such as slow processing speed, not really user-friendly, overflowing garbage data or every user has access and control of their platform to participate.

Changing the entire future of the Internet is not a "fairy tale", because the infrastructure to meet the user experience alone can take decades. There have been many opinions and comments that Web 3.0 is not feasible, but it is being exaggerated.

On the other hand, some experts also expressed concern about the decentralization of Web 3.0. As former Twitter CEO Jack Dorsy shared, We don't own Web 3.0. Investment funds and new technology companies are its owners. This loop will never end. Web 3.0 won't be much of a change, it's just going to be branded.

Many also believe that using blockchain to combat personal data intrusion is not the optimal solution. Users will face an even higher risk of data leakage from these blockchains themselves.

Although there are many opposing views and opinions about Web 3.0, the development of the world is still a non-stop movement. In 2022, billions of USD worth of investment cash flows will continue to pour into these projects. Therefore, updating technology trends will help investors seize new opportunities effectively.

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