All about Web 3.0: The thing that Google, Masayoshi Son, Mark Zuckerberg burned without regret, Elon Musk alone shook his head, “Fairy tales are being inflated”

Tram Ho

Along with the metaverse virtual universe, Web 3.0 is expected to become the future of the Internet of Things – where all limitations of Web 2.0 are removed. Although there are still some doubts that Web 3.0 is just a definition drawn up by crypto investors, Google’s recent statement about Web 3.0 development goals has many people believe that this will not be simple. Just pure theory.

What is Web 3.0?

Web 3.0 – the 3rd generation of the Internet is the vision of a serverless intelligent Internet consisting of many interconnected decentralized webs. Here, users can control their own data and identity, while information is quickly processed by machine learning technologies (ML), Big Data or decentralized ledger technology (DLT). )…

As the name suggests, before Web 3.0, there were 2 versions: Web 1.0 and Web 2.0. The biggest difference between the two systems lies in the improvements in interoperability, although Web 2.0 still has many limitations. “ In my opinion, centralizing, mining and using data without user consent is the essence of the business model on Web 2.0 ,” said Charles Silver, President and CEO. said by Permission.io.

Tất tần tật về Web 3.0: Thứ được Google, Masayoshi Son, Mark Zuckerberg đốt tiền không tiếc tay, riêng Elon Musk lắc đầu ngao ngán chuyện cổ tích đang bị thổi phồng - Ảnh 1.

Web 3.0

Meanwhile, Web 3.0 was created with the aim of becoming an autonomous, intelligent, and open Internet – a far cry from the current generation of Internet Web 2.0 which can only store data in file repositories. central.

There are many definitions for Web 3.0, but the core lies in the decentralization of data control. That is, instead of letting Google, Apple, Microsoft, Amazon and Facebook (currently Meta) take over everything, Web 3.0 is said to be more “democratized” in protecting and controlling user data.

Data acquisition scandals, leaks, large-scale data trading or taking advantage of customer information to create a monopoly position in the market of a series of Big Tech corporations have helped Web 3.0 to be “launched”. ho” more. Everyone encourages each other to create a new generation of blockchain-based Internet, where content creators can become exclusive data owners instead of being dominated by giants.

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

Recently, Google’s statement that this corporation is considering developing Web 3.0 and integrating blockchain technology into products has made all the attention focused on the new generation of the Internet of Things.

We are exploring and building Web 3.0 ecosystems and adding value to them. For example, our Cloud team is developing a way to help customers make transactions on the blockchain platform ,” said the Google CEO.

Tất tần tật về Web 3.0: Thứ được Google, Masayoshi Son, Mark Zuckerberg đốt tiền không tiếc tay, riêng Elon Musk lắc đầu ngao ngán chuyện cổ tích đang bị thổi phồng - Ảnh 2.

It is worth mentioning here, that Google is considered the king of the Web 2.0 generation – where all user data is collected through the world’s most popular search engine. Also from there, this Big Tech can make money from advertising direction and help other companies sell more products. Web 3.0 is therefore supposed to topple companies like Google or Facebook, since user data can no longer be freely used.

However, the king of the Web 2.0 generation is still “engaged” in a field that seems “not very fertile”. According to CEO Pichai, Google can benefit from open-source technology – where Web 3.0 gathers so much.

Most recently, the race to develop Web 3.0 also has the presence of billionaire Masayoshi Son. His SoftBank company, Sequoia Capital India and other investors have poured $450 million into Polygon, a secondary scaling solution for the Ethereum blockchain.

The funds will be used to build Web 3.0 applications, including Polygon PoS, Polygon Edge, and Polygon Avail. ” Polygon’s goal is to become the AWS of Web 3.0. We will strive to grow in this space, ” said a Polygon representative.

Tất tần tật về Web 3.0: Thứ được Google, Masayoshi Son, Mark Zuckerberg đốt tiền không tiếc tay, riêng Elon Musk lắc đầu ngao ngán chuyện cổ tích đang bị thổi phồng - Ảnh 3.

Billionaire “eating a lot” Masayoshi Son

The funding round is arguably the clearest demonstration of growing interest in Web 3.0. ” Web 3.0 is built on the early code ideas of the Internet, helping users create value and control their own data. Ethereum, expanded by Polygon, will be the foundation for the next phase of the Web” revolution , said Polygon’s co-founder, Sandeep Nailwaal.

Is Web 3.0 really the future of the Internet?

Previously, the first generation of Web 1.0 did not have many algorithms for page filtering. This makes it difficult for users to find information. ” In other words, it’s like a one-way highway with narrow lanes, ” CoinMarketCap quoted an expert as saying.

Not long after, Web 2.0 was born with more algorithms and utilities. The platform enables users to create content on social networks and blogs, thereby indirectly helping Web 2.0 sell data to 3rd parties. According to Forbes magazine, this makes the Internet a huge data warehouse. , is dominated by centralized platforms like Google, Facebook, Amazon.

Therefore, the birth of Web 3.0 – a platform to help users access a fairer and more private Internet is expected to become the future of the Internet of Things.

The decentralized nature of Web 3.0 will make it possible for each individual to own and pay a fair fee for time and data. However, this new platform will cause centralized data warehouses to lose a great deal of revenue ,” said Charles Silver, President and CEO of Permission.io.

Tất tần tật về Web 3.0: Thứ được Google, Masayoshi Son, Mark Zuckerberg đốt tiền không tiếc tay, riêng Elon Musk lắc đầu ngao ngán chuyện cổ tích đang bị thổi phồng - Ảnh 4.

In 2021 alone, investors spent about 27 billion USD to invest in potential Web 3.0 projects

According to Fortune magazine, in 2021 alone, investors spent about $27 billion to invest in potential Web 3.0 projects. CEO Mark Zuckerberg also stated that their priority is to build and grow the metaverse virtual universe – part of the definition of Web 3.0.

I think many of the features from Web 3.0 are designed for interactivity. That helps reduce gaps between apps and provides a more seamless user experience ,” said Mark Zuckerberg. “ Just like NFT, Web 3.0 and the metaverse are the next step in interaction, contact, and communication.

There are still many doubts

However, changing the entire future of the Internet is not a “fairy tale”, because the infrastructure problem to meet the user experience can take decades. Tesla CEO – billionaire Elon Musk expressed: ” I’m not saying that Web 3.0 is not possible, but it is being exaggerated. Maybe 10, 20 or 30 years from now. Maybe 2051 will be the peak of Web 3.0 ”.

Some experts also expressed concern about the decentralization of Web 3.0. According to former Twitter CEO Jack Dorsey, “ You don’t own Web 3.0. Investment funds and new technology companies are its owners. This loop will never end. Web 3.0 will not change much, just be labeled differently ”.

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

Web 3.0 is like malware. This is just theory and not practical at all. People are just drawing on Web 3.0 to solve the things that users don’t like about the current Internet ,” said James Grimmelmann, Professor of Technology at Cornel University.

By: Forbes, General

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Source : Genk