Web 3.0 And Future Of The Internet

THE INTERNET MAY HAVE evolved from a niche pastime to an essential part of our day-to-day life but for many, it’s problematic. The internet in its current form, Web 2.0, has become too centralized with only a handful of big technology companies - and governments - dominating the market. There’s even a collective name for these giants who have transformed the way we work, shop and socialize: FAANG - Facebook (now Meta), Amazon.com, Apple, Netflix and Google-owner Alphabet.

Web 3.0 is the third generation of the internet, a decentralized online ecosystem based on the blockchain. The term was coined by a computer scientist named Gavin Wood in 2014. Wood co-founded Ethereum, the decentralized blockchain platform behind the cryptocurrency ether (ETH).

There’s even a collective name ,