WEB 3.0

People and businesses started realizing that there can be more uses for this medium than just as an information repository. They began communicating with each other exclusively online through websites. This gave birth to forums. The forums, gave birth to personal messages to other participants. It slowly dawned on people that unlike a phone, this was an excellent way to communicate with each other without both parties having to be in the conversation live. You could effectively leave a message for someone and they were free to read and respond based on whatever time period best suited them. We went from in the moment communication to constant slow drip communication. With server storage capacities increasing and computer chips speeding up, we were able to upload endless pictures. When you combine these 2 concepts you get the birth of social media. Social media allowed humanity to communicate in the digital realm like never before. You were able to read articles, view pictures and images, and communicate with people around the world continuously and without costs. This gave rise to all the different social media platforms which we enjoy, up to this day. Social media was the beginning of Web 2.0. First we onboarded humanity’s knowledge (Web 1.0) then we onboarded humanity’s interactions (Web 2.0).

The river of time and discovery marched forward with greater and greater innovations in Web 2.0. The image upload speeds became faster, the videos became streaming movies, and due to storage costs constantly decreasing, the birth of endless uploading was upon us. Humanity achieved interactivity nirvana. Social media became much akin to a drug. When social media moved to the phone the addiction was complete. We were on our phones constantly, even at the expense of the real world. To this day, our hypnosis continues. We love our minds and love the platform that our mind created. Our mind has begun freeing itself from its physical constraints.

However, despite the endless high that we were experiencing with Web 2.0, there was something missing. We had achieved so much is so many ways but somethings eluded us. We had no way to establish proper ownership. Full traceability of transactions eluded us. The risks of online fraudulent activity still abounded. We also had no real way to overcome these challenges without a middleman involved. This brokerage approach always increased costs and had unnecessary middlemen involved to achieve the aforementioned goals.

Herald in the birth of Blockchain technology. Blockchain specifically achieves a set of goals that were so desperately needed in Web 2.0. This technological breakthrough gave us the ledger technology that captures ownership data, facilitates traceability, and because of these two components enables more traceability of online fraudulent activity. All of this is accomplished with nodality rather than centralized points of command and control. With a distributed methodology, the risks of corruption are also beneficially reduced. The applications of blockchain technology had to progress over a long span, surpassing a decade, before they could be incorporated into the infrastructure of Web 2.0. Finally, we have arrived at the point of the merging of Web 2.0 and Blockchain technology. Today we call this Web 3.0.

Web 3.0 is like a bay for the river of technological journey we are traveling upon. It will harness so many components of other technologies which will continue to feed on each other, much akin to the variety of life forms that come together around a bay. A bay creates a very dynamic ecosystem for the river and for the land. Similarly, Web 3.0 is about to unleash a complex ecosystem filled with a slew of applications and services, the likes of which humanity has never witnessed before. With the components of ledger technology, traceable ownership, distributed infrastructures, and financial fractionalizations, the continuous loop of innovation will be endless. Entire new businesses will be brought to life that are empowered with the missing components that relegated human interaction to mere communication and commerce in Web 2.0.

We will now be able to go beyond into the realms of financial models that allow people to generate their income and livelihood exclusively from the new Web. Concepts such as Workifi, in which games are being turned into skill based engagements where people move beyond entertainment to earning a living from their skills. This will give rise to endless means of financial generation from the individual level, to the group level, company level, and beyond. It will not end until it touches the state level. And since state levels are not currently malleable, the river has meandered to a new direction and created online virtual environments called Metaverses. In this digital recreations of the physical world (“physiverse”), we have arrived at a new point. Like a balloon being expanded through infusion of air, we are expanding the horizon of the playing field for our mind. We are creating a bigger area for our mind to play in with completely new interpretations and definitions of virtual worlds. And in time, these metaverses will be as infinite as the human imagination can expand. Web 3.0 is the culmination of everything we needed to create a world that encompasses most of the mental engagements we enjoy and rely upon for our sustainment. The opportunities that will be created for the developed world and, even more importantly, for the developing world will be instrumental in uplifting humanity from crushing poverty. They will be able to explore and engage in revenue models right from their phone, no matter where they are located.

This will usher in an era of financial prosperity that could never be achieved without being in specific locations such as larger cities or more developed nations. The whole world will slowly start moving towards becoming digital nomads. This time the humans may not necessarily be the nomads, their work opportunities will be nomadically traversing and searching the world to engage the humans. No longer will we be tied to a specific area in order to do the work. We will be free to live wherever we feel is most efficient for our lives. If Web 3.0 can be defined by its effect, then blockchain will unchain humanity and unleash the creative forces residing within. The tsunami of creativity will give rise to endless opportunities for humanity to, not only sustain its livelihood, but also prosper en masse like never before. On the river of time, humanity as finally floated to the bay of Web 3.0 where the new ecosystem will begin to sustain all that come to drink in its waters.