What is web3, the new age of the Internet?

Seems to be more of a marketing phrase than reality at the moment.however, criticized the boss of the car manufacturer Tesla, Elon Musk, at the end of December, for emphasizing the catch-all character of web3, like other popular concepts such as the metaverse.

the web3 would be the third age in the history of the Internet, successor to web 1.0, which reigned from the early 1990s until the mid-2000s, and web 2.0, hegemonic since the 2010s.

Embodied by actors like Yahoo! or AOL, web 1.0 refers to the first uses of the Internet with its static pages allowing information to be consulted essentially, or the sending of e-mails.

Web 2.0 marks the era of a social and interactive Internet, where the public can produce and circulate multimedia content. It consecrates the reign of a handful of large centralized platforms such as Google, Amazon or Facebook.

A concept attributed to Gavin Wood, co-founder of the Ethereum blockchain, web3 refers to the idea of ​​a decentralized Internet, where users control their own data, without the help of intermediaries.

At the number three (three in English) is thus added the meaning of free (free), evoking the return of an Internet that is more independent of States and Internet giants, as it was originally.

The web3 is intimately linked to blockchain technology, a sort of huge digital register shared between a multitude of users, without central authority and reputed to be unfalsifiable, listing the entire transaction history.

Born after the financial crisis of 2008, the most famous blockchain is that of Bitcoin and its associated cryptocurrency, which is totally virtual. Many others have since been launched such as Ethereum, Solana or Polygon.

It is on these blockchains that Web3 projects and applications rely, such as non-fungible tokens, non-reproducible digital certificates of authenticity that derive their value from the real or virtual object to which they are attached. Enough to give a person as much decision-making power as ownership over what they create or consume on the network.

With web3, people create value, but also capture some of it, which changes everything for artists, for example. It’s a web that belongs to them, where they regain control over creation and what they ownexplains to AFP Nicolas Julia, founder of Sorare, a French company of online game of exchanges of vignettes in the form of JNF.

This is what will make it possible to reinvent a whole bunch of industries, whether it’s art, music or sport.he adds.

Metaverse Augmented Reality

Although they are linked, in particular by blockchain technology and the possibility of holding digital assets such as JNFs within them, the web3 and the metaverse remain two different concepts.

Propelled to the front of the stage in the summer of 2021, the metaverse designates a digital and social universe, supposed to extend physical reality via augmented or virtual reality, and to move the Internet from 2D to 3D.

Is its promise enough to amalgamate it with the web3 revolution, while the metaverse is carried in particular by Meta (Facebook), one of the flagship companies of web 2.0 and symbol of a centralized vision of the Internet?

The answer will be given in several years, because, today, the web3, we still do not know what it issummarizes with AFP Julien Pillot, specialist in digital and cultural industries.

Either we are on the purist vision of a completely decentralized Internet, or on a definition based solely on immersion abilityhe adds, predicting a controversy inevitable in the future between the two visions.

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What is web3, the new age of the Internet?


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