Hacker Noon December 25, 2021
Emmanuel Awosika

Introduction

Imagine a new kind of Internet—one that’s secure, decentralised, and free from the clutches of Silicon Valley behemoths. That’s the promise of Web 3.0, considered the next evolution of the World Wide Web.

Web 3.0 has become the newest buzzword, and this article focuses on demystifying the concept. I’ll explain the meaning of Web 3.0, evaluate the history behind it, and highlight implications for businesses. Let’s dive in!

A (Brief) History of the Web

Thanks to technological advances and criticisms of the post-2000 Internet, the idea of a Web 3.0 has gained prominence in recent years. To understand Web 3.0, we must first understand its predecessors, Web 1.0 and Web 2.0:

Web 1.0

Web 1.0 is the earliest version...

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