The evolution from Web 1 to Web 2 and from Web 2 to Web 3 has been mandatory and brought significant changes in the way we communicate with people, and how businesses were conducted. The changes had been drastic and monumental, with Web 3 growing as the semantic web infused with the right amount of personalisation where the web acts almost like a human and can read, categorise and respond like one. Web 3 is thus the third generation of Internet services that would help businesses generate complete, intelligent, open and user-friendly websites.
The biggest advantage with Web 3 is that users can create content, own, control and monetize it using blockchain technologies, NFTs and cryptocurrencies. This generates a correlation between Web3, blockchain technology and meta verse. With Web3, the customer’ chances of making successful online purchases are really high; it positively enhances big data analytics, augmented reality, artificial intelligence and virtual reality. Web 3 is touted to be secure, confidential, private and decentralised when compared to the current Web. And there is no need for intermediaries anymore because with decentralised applications, you don’t use them, because the transactions are more transparent.
Even so, web3 can be a bit intimidating to people because people are still understanding the blockchain technology, and there are some issues and challenges involving the technology.
Source : https://scalans.com/evolution-of-web-3-challenges-and-solutions-in-2023
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