Web3.0 is the next generation of the internet. It is the next stage of development in the World Wide Web and is also referred to as semantic web or read-write-execute web. The main concepts of Web 3.0 include decentralization, openness, and increased user utility. Incredible right!
Web3.0 is a merge of blockchain, cryptocurrency, and NFT. Based on blockchain technology the users are identified by the blockchain wallet address. The blockchain provides privacy with the use of cryptography and a completely different data structure to this new web.
This web is decentralized and is regulated via smart contracts. Unlike web2.0 where users are the products as they browse social networks, here in web3.0 the users will be owners of their own content. The user will have control of their own data.
Anyway, Web3.0 is all about AI(Artificial Intelligence) driven services, decentralized data structure, and Edge computing infrastructure.