The development of the Internet over the years is an amazing phenomenon, Particularly when you glimpse at the milestones. Web 1.0, the first generation of the Internet delivered the ground for making some prominent web assets and platforms. Whereas in Web 2.0 closed protocols founded Centralization while outperforming open protocols in terms of qualifications. Next here comes the hot topic, Web 3.0 - The decentralized web which is the current generation of the Internet.
If you wish to know more regarding this trending Internet concept, then continue reading this blog.
What is Web3?
This is the third stage in the development of the Internet and it delivers decentralized networks in order to offer a faster user experience with personalization. Some unique technologies underlying Web3 development include the Semantic web, Artificial intelligence(AI), and machine learning(ML)
To explain to you better, here I will list down some notable features of Web3
- Web3 includes open-source software with easy accessibility
- In Web3 networks users don't need any permission from centralized ruling organizations
- Users can interact privately and in public without middle man.
- Another key benefit is Ubiquity, which provides Internet availability irrespective of time, location, and device.
I hope you are now got clear idea about Web3 and its striking advantages that change the Internet experience for users. Now we will see some use cases of Web3 to comprehend how the idea supports countless applications.
Top Web3 Use cases
Web3 games represent the admiringly advanced version of blockchain games such as NFT, play-to-earn, and play-to-own games. These games make use of state-of-the-art technologies and thereby contribute to the evolution of next-gen games. With Web3 principles, blockchain-based games will be capable to open up unique virtual worlds and economies
It is another significant use case of Web3 that uses many Web3 features to improve its infrastructure and capabilities. Futuristic Defi apps can be built seamlessly by connecting the Web3 ecosystem with Defi technology. Some awe-inspiring advantages of Web3 in Defi are lower transaction fees, open accessibility, encryption-based privacy and security, accountability and transparency in governance and more.
Metaverse is a virtual world where users can move around the world as digital avatars. Metaverse leverages many Web3 principles in order to deliver an interesting and immersive experience to the users. One can find the feature of decentralization and creator economy in the metaverse. It will facilitate open access and enables full control of experiences for the users. Microsoft, Facebook, and many big names in the world of business have remembered the importance of Web3 in metaverse applications
Privacy and Digital Infrastructure
The benefit of the blockchain network is full transparency. You can find blockchain web3 use cases customized for improving privacy. Web3 allows the performance of certain creative concepts such as zero-knowledge proof and cryptography for Enhanced privacy in decentralized digital infrastructures.
Virtual Real Estate
Web3 offers a rich ecosystem for real estate and now numerous web3 real estate projects are created that use virtual reality, NFTs, and 3D technology for confirming ownership and transferring NFT-based real estate properties.
I hope you are now clear about Web3 use cases If you eager to know more web3 use cases you can explore here >> Real Time Use Cases & Applications of Web 3.0. So, it is of wonder that developing Web3-based applications and platforms will surely be a golden opportunity for numerous aspiring entrepreneurs to taste victory in the digital world. But, how to create full-fledged Web3-based applications effectively? Approaching a well-known Web3 development company like Bitdeal will help you in materializing your vision of plunging into the Web3 sector.