Is web3 the future of the internet?

Web3 is the next evolution of the internet?

web3.0 is considered the read-write-own or read-write-execute version of the internet. Decentralization, privacy, machine learning and safety are some trends we are already seeing that will shape the Web 3.0 environment.

In the last year, the idea of Web3 has gained traction among technologists and business leaders as the next big thing. The latest iteration of the internet. Though there is no clear consensus on how Web3 should be defined, there is a broad agreement that the central concept of Web3 as a whole idea is decentralization based on blockchain technology. Its proponents herald it as a paradigm shift that could fundamentally change how the internet and internet-based businesses and internet economy work. It’s also linked to the concept of the metaverse which makes it even more alluring. In this blog, we will attempt to explore the idea and try to understand it.