Introducing Web 3.0
To understand what Web 3.0 is, we will start with a brief history of the web: Web 1.0, Web 2.0, and Web 3.0.
Web 1.0, first created by Berners-Lee, is a stage of the web that came roughly between 1990 to 2004. At this stage, the web was mainly read-only static pages, hosted on ISP-run web servers or free web hosting services. Interaction between users and content was rare, and the number of content creators was way less than that of users. During the Web 1.0 era, there was not the same level of advertising monopoly that exists today with Google and AdSense. Meanwhile, in 2021, internet advertising revenue worldwide stood at 365.9 billion U.S. dollars.
2004 is when Web 2.0 became famous after the First Web 2.0 conference. The conference, also later known as the Web 2.0 summit, was held October 5th - 7th by Tim O’Reilly and Dale Dougherty at Hotel Nikko in San Francisco. We have been using Web 2.0 mostly from then until today. During this time, the web...