TOP WEB 3 TRENDS IN 2023 - Helpforbeginner
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TOP WEB 3 TRENDS IN 2023
TOP WEB 3 TRENDS IN 2023 - Helpforbeginner
TOP WEB 3 TRENDS IN 2023: With the advent of 2020, the formation of digital currencies, a digital direction, began. This category includes the active development of the blockchain, cryptocurrencies, metaverses, and NFT products.
Along with the updates, a lot of rumors appeared about the new generation of the Internet - Web 3.0. In 2021, about 34,000 developers were connected to Web 3.0 projects, there were many contributions from foundations and companies with a valuation of more than $100 million.
Let's try to analyze the main trends and forecasts that you need to look at in 2022-2023.
What is Web 3.0?
In simple words TOP WEB 3 TRENDS IN 2023, Web 3.0 is a new generation of the Internet and its development, the essence of which is decentralization. Many are confident that this network will enable users to fully own and manage their content, hiding personal data. The network itself will be more open and safer than the existing one.
In the period from 2010-2020. everyone could observe the active development and work in the field of machine learning, artificial intelligence, as well as blockchain. It is these concepts and principles that underlie the full-fledged Internet of the future.
Officially, the Web 3.0 terminology was formulated 15 years ago by the head of Netscape.com. Jason Calacanis held an association that in the future the Internet will be several times better, and any resource will no longer carry useless information for the user, the content will be generated by professionals using a separate platform. He could not describe the platform for implementation, but in 2022, it is obvious that this is Web 3.0. The platform is not single and covers many separate segments at once.
One of the founders of DAO Synergis, Vladimir Popov, describes Web 3.0 as a multi-grid, where there is not only the web but the following elements:
Mesh networks.
Decentralized networks such as IPFS or Bitcoin.
In his opinion, the work should be carried out in the form of a modular system, within which each module is codependent on the others, but not subordinate to them. For example, when one element is turned off, the entire network will continue to work, and it will not be possible to turn it off.
Internet development
In the 90s, Web 1.0 first appeared and people could show their content through websites, and users could only search and use the information received. Today, Web 2.0 is used, and the network is oriented towards the user and increasing the volume of information.
People themselves can create content, manage it, and also contact other network members through blogs, and social networks. networks and similar platforms. The main disadvantage is increased centralization. Although there is a lot of content from private users, it is owned by Facebook, Google, and the like.
Due to the described shortcoming, there is a problem with censorship, transfer of personal data to 3rd parties, and active targeting. To solve the problem, there is a need for a distributed system, and Web 3.0 can solve this.
After the implementation of the new network, users will have 100% ownership of their content, as well as monetize it and exchange data using decentralization services. The simplest formula for the next generation of the internet is read, create, own.
The modern Internet is subject to large corporations, they control any idea of a person and his content. The conceptual difference of Web 3.0 lies in the possibility of returning copyrights to the present owners and creating a new economy, a new system.
Blockchain is a must for Web 3.0, eliminating the human influence
Marketing and sales specialist Gilles DC (Gilles Disi) believes that the implementation of the blockchain is very important and will help eliminate the supply chain of information from a person to an intermediary. The blockchain itself is a decentralized digital ledger that stores information about who owns what on the network:
money;
copyright;
ownership;
medical records.
Any record refers to the previous one and an information chain appears that cannot be faked. To add new statements, it is important to have miners who store copies of the blockchain on their equipment, protecting information from loss, and checking and confirming all operations. This is done with the help of mathematical calculations.
The greater the power of the equipment, the higher the chances of speeding up the data processing procedure, for which miners receive a certain percentage of income in cryptocurrency. Blockchain helps to exclude independent checks of records by ordinary users, this will be done by other network members.
Features of the decentralized Internet Web 3.0
In the Internet of the future (TOP WEB 3 TRENDS IN 2023), any author receives the rights to the created content. You can trade assets within decentralized platforms without intermediaries, so there will be no additional fees or prescribed rules.
Approximate picture of the economy:
The user is the wallet.
The user's files are his assets that end up in the wallet.
Any transaction is a normal transfer from one wallet to another.
At the beginning of the emergence of the Internet, except for the owner of the site, no one could make adjustments there. Today, you can create your content, such as Twitter posts or YouTube videos.
But any actions on these sites are regulated by the rules, and the content automatically belongs to the owners of the platform, and not to the author. In a centralized Twitter, any publications are the property of the company, in a decentralized environment - the property of the authors.
The possible mechanism of the Internet of the future is as follows:
The person connects to social networks by adding her cryptocurrency wallet.
After any post, a file is created by the algorithms and placed in a decentralized platform, for example, IPFS.
At the same time, an NFT token attached to the file is being created. The token is placed on the social blockchain. networks and goes to the wallet of the content owner.
The author gets full rights to the created content, being able to sell it for a certain currency, for example, ETH.
Using smart contracts, the blockchain will automatically check the terms of the transaction with both wallets, after which the transaction will be completed. Any assets can be stored on wallets - money, audio, video, text documents, art elements, and more.
In a decentralized network, everything is open, because it is a transparent system that allows you to see the number of all assets in a particular wallet, it is enough to know the address to be able to see the information.
Defi (decentralized finance) can create a new economic system in which there will be no intermediaries in the form of bankers or other persons. Services help to make exchanges, invest, borrow and secure loans without third parties. Any work and the conditions for its implementation can be written in smart contracts in the blockchain, organizing a decentralized autonomous organization.
An example of a centralized and decentralized system.
There are a number of people who do not support the transition to Web 3, believing that technologies:
Imperfect and expensive.
Difficult to understand for the average user.
They harm the environment because for transactions and calculations, miners need powerful equipment that creates blocks in the blockchain.
They do not provide complete security and safety of personal data, like Web 2.0.
They are focused only on money and profit, which can turn the future network into a large marketplace.
Proponents see the upgrade as something more than cryptocurrencies and money. They believe that it will be possible to create a world where the focus will be on people and their relationships with each other, and this will positively affect business, technological development, and private ideas.
The idea of Web 1.0 and 2.0 was similar, but in the first case, Google became a monopoly, and Facebook and YouTube took over the second version of the Internet. The development and effectiveness of Web 3.0 in the future directly depend on investment in the project.
Hybrid Model
TOP WEB 3 TRENDS IN 2023 - Helpforbeginner
There is an opinion that there will be no full-fledged decentralization of the future Internet, and this is a utopia. Today NFTs and the metaverses are in control if we consider individual segments.
In the future, more people are waiting for a hybrid Web 3.0 model, or rather with its elements. The marketing director of Waves Enterprise believes that a complete transition is impossible because large funds and corporations will lose a source of monetization.
In addition, a number of states are simply not ready and will not be ready to anonymize people using the Internet.
In the hybrid model, there may be a situation in which the owner of the content or any assets will disclose personal data to companies and the state to receive various kinds of rewards. Currently, a completely transparent system, wallets, and authenticators are the lot of people who deal with the cryptocurrency world.
Metaverses and Web 3.0
Since the summer of 2021, the metaverse has been associated with the concept of Web 3.0. It all happened after Mark Zuckerberg announced the beginning of Facebook's transformation into a metaverse that would unite different realities in one place.
Immediately after that, large companies began to provide their metaverses:
Epic Games;
Microsoft;
Tinder.
Many are sure that the metauniverses in the future will be a virtual world with a lot of opportunities and a full-fledged economy, and life. The human connection will probably be through VR headsets.
Metaverses and Web 3.0 are different concepts, although they are closely related to each other. It can be seen that the former is already being implemented by individual companies in the form of platforms for earning, living, holding meetings, etc.
The second is a separate technology that sets the rules of work, perhaps the new network will be the basis for the operation of all the internal components of the metaverse.
Impact of Web 3.0 on the economic sector
Web 3.0 is not only a new phase of the Internet but also has a strong impact on the economic sector. People will be able to observe a considerable decentralization and digitization of the economy as it develops.
For example (TOP WEB 3 TRENDS IN 2023), there are digital services (subscriptions) on the modern Internet, but with the help of tokens and other digital assets, it is possible to purchase goods from famous brands and businesses, one of the key trends for 2023. The level of monopolization is decreasing even in the sphere of finance.
The main difference between Web 3.0 and the current generation of the Internet is the difference in protocols, in modern realities it is informational, but it will be economic. A new development branch can give security, and reliability for many solutions. First of all, this will concern the financial industries, their goods, and other products.
The presence of Web 3.0 eliminates the need for banks, and other institutions to store or transfer funds and use them in the form of "earnings" when it comes to deposits, and other instruments with an interest rate. As a result, the development of private money and finance should increase. systems that will not depend on the state and monetary policy.
For Web 3.0, there is no need for consumers, but for users who actively participate in the formation of the system with a decent profit for this. Of course, a one-time replacement of the Internet cannot be implemented, so the transition to the new realities of life will take several years, but today there are noticeable steps towards progress.
Key trends and opportunities for investors
The key plus of Web 3.0 is earnings for any person using resources on the Internet. Today and in the future in 2023, many projects are developing that are intertwined with Web 3.0 and it is necessary to start studying the field to understand it, its benefit, and its profit.
Investors
Web 3.0 is becoming attractive to many startups and investors, and in 2021, the amount of investment in cryptocurrency projects amounted to more than $30 billion. Many solutions have been related to the blockchain.
There are many niches for investing:
Digitalization of business and its processes.
Creation of distributed systems.
Working with multi-blockchains.
Any solutions and projects related to tokenization.
Huge potential lies in DAO, distributed networks.
2022-2023 is the time of multi and cross mechanisms, so investing in any projects that have the concept of interoperability is a great investment. This category can include distributed storage (Chia, Filecoin, Sia, Storj), operating systems and full-fledged machines (ICP, Urbit), as well as multi-blockchains (Cosmos, Polkadot).
Technicians
In the Web 3.0 environment, there will be a great demand for technical specialists - developers. According to Electric Capital statistics, the largest communities, including Etherium, Polkadot, Cosmos, Solana, and others, employ over 250 people every month.
Main directions:
The development of the community itself with the help of new decentralized applications, wallets, and everything that will give growth to the platform.
Protocol development.
To work effectively, specialists will need to understand the basic principles of the blockchain, as well as have a good knowledge of a programming language, for example, C ++, Rust, or Solidity.
In the process of developing employees, even more, are needed to satisfy all the needs of companies. This is not only about technical developers, but also people who understand sales, marketing, and similar areas.
Internet users
Content creators get a wide space to work, without limiting their capabilities. It can be articles, pictures, videos, audio, and other materials. Behind any work is monetization through NFTs and tokens, and any content can be released with a unique label.
There is also a fee for viewing or reading content. A popular direction is play-to-earn, which makes it possible to perform simple actions and receive digital rewards that can be exchanged for real value.
For example, the game that has caused great popularity in 2021 is Axie Infinity. For the people of the Philippines, it has become a good source of income. Approximate average earnings in it - $ 400 per month for breeding and selling creatures inside the game.
Investment Methods
In Web 3.0, there are numerous methods to invest. Everyone can choose more conveniently for themselves. The most popular trend is blockchain project tokens. In 2021, this segment showed an average increase of 244% and took 2nd place in terms of the speed of its development.
In the world of cryptocurrencies, there are many widely used assets, which will be covered later. All projects are based on automated transactions, and smart contracts and are implemented by platforms like Ethereum, Cardano, Solana, etc.
Other investment options include:
NFTs are non-fungible tokens. The advantage of investments in this sector lies in the development potential. Technology has gone beyond the usual collecting of cards.
The Metaverses are a virtual world with the ability to purchase assets and earn money. Inside such a universe, real business meetings, work meetings, concerts, and other events take place. Users have the option to buy land, build homes, rent offices, or advertise. Over the past year, land has risen in price by 10 times, and this direction will live in the future because institutional investors and large global corporations invest in it.
The most conservative form of investing is in company shares. You can invest in corporations that are engaged in the creation of metaverses or are involved in the development of digital worlds. Sony, Microsoft, NVIDIA, and Meta are some of the top companies.
Naturally, there are issues and dangers as with any new product. Uncontrolled data flow, which might endanger society as a whole, is the major source of concern.
No one can guarantee investors that in 5-10 years, land in the metaverse or NFTs will cost 100 times more. Some believe that this is another bubble that will burst soon, but most likely the growth of this market will not be long in the coming.
There may be several conflicts between new technology and earlier judgments. There will be challenges in embracing and comprehending the changes in the globe and the economy, and people will need to learn new things.
Conclusion
With a new generation of the internet, people will be able to enjoy all the benefits of decentralization, creating a fair and “clean” network with full data transparency. Any user will be able to 100% own the content created by him, and innovations, and digital currencies will be able to accelerate the monetization and enrichment of this or that experience, raising the standard of living of the person himself.
With the advent of Web 3.0, the Internet will go much deeper into the everyday life of mankind, especially when you consider that intellectual devices have already changed a lot in life. New digital technologies, including assets and blockchain - a conduit for the "miracles" of the 21st century.