Web3 is one of the most futuristic technologies that is gaining hype. Although it is still in its infancy phase, the expected features, based upon the theories of the technology, have excited internet users a lot. Thus, web3 development is going on full power. 

Web3 will certainly resolve many issues that users have been experiencing from the current and past versions of the internet. To aptly understand what changes web3 is bringing to the internet, you need to understand the basic concepts of the previous versions. 

Let’s discuss the primary applications of web 2.0 and web 1.0. 

Web 1.0- The read-only platform

Web 1.0 or the read-only version of the internet, was in operation from 1990 till 2004. This version was used by the users only to gain information, as the ways of interaction with the platform were very limited. Websites were used to put content or knowledge on the platform that users used to read. Thus, this version is also named the read-only platform. 

Web 2.0- The read-and-write-only platform

Then came the web 2.0 version of the internet. It has been in operation since 2004 till now, and it is also called the read-and-write-only version of the internet. This version of the internet allowed users to interact with it. Thus, users can read information and put information on the internet. 

However, this version has raised many security concerns for users. Data and privacy breaches are very common issues with this version of the internet, and the platform, as well as the users, are highly vulnerable to hackers, spammers, etc. 

Another bigger issue of the platform is its centralized nature. As the platform is highly centralized, it is hugely controlled and manipulated by big companies. These companies often put unnecessary censorship and terminate users' accounts from the platform, which is not liked by the majority. The companies also seize the personal information of the users without their knowledge, which again breached the privacy of users. However, all these issues will be resolved by web3 development. Apart from these, you can also add many more features to your application by choosing experienced web3 development services.  

Web 3.0- Read, Write, and Own platform

The next version of the internet will be web 3.0. Although web3 development is still going on, it is one of the most advanced versions of the internet. Web 3 is being developed using concepts and technologies like decentralization and blockchain.  

In web 2.0, users can put content on various internet platforms, but they don’t completely own them. Thus, the majority of profit and controls are owned by the platform. However, this will not be the case with web 3.0 or web3 0 streaming services. Due to the applications of blockchain on the platform, users will either have major or complete ownership of their content. Thus, they will also get most of the profits. 

Users can also take with them their content to another platform when they leave a platform. This is not possible with the current version of the internet. 

Web 3 will also be a much more transparent, independent, blockchain application-friendly platform. It will end the dominance of big companies over the platform. Thus, such companies will not be able to censor individual content and terminate individual user accounts from the platform. 

As web 3.0 will also be completely decentralized, it will end all the possibilities of hacking, spam, etc over the platform. Users will also get the option to select what kind of information they want to share with the companies for their marketing and sales purposes. Rest, an experienced and profound web3 development agency can help you develop an application that suits your business needs and revenue model. 

Conclusion

Web 3 will be an extremely independent and transparent platform for both, the users and the businesses. Web3 will also optimally use the application of technologies like AI and Machine learning. These technologies will provide users with more relevant data regarding their consumers which will help them in building better marketing and business strategies. 

This could be the reason that some foresighted businesses have already started using web3 development services to develop their own web3 applications. You can also contact Antier, the best web3 development agency in the world, to grow your business.