There are almost two different worlds now! What? Yes, you should be aware of them to survive here. What are they? It is the physical (the world where you live) and then the digital world(the one where you can be part of the digital race). Wow! That's something cool! You need to adapt to the newest trend that makes a statement. Now, where are they? Everything around the world is edging toward the technical advancements that are the future. Yes, it is the web3.
What is web3?
The web3 is the newest advancement in the Internet evolution. The internet has undergone significant change over time. However, we are approaching the next major development on the Web with the introduction of Web3. Web3 promises to provide an unmediated read-write web, or a decentralized Internet, in contrast to Web1 and Web2, which were read-only and read-write, respectively.
The platform based on the web3 is a fully decentralized one that handles everything in a secure way. When you get a platform that could narrate your future, then it is said to be the Web3 platform. The platform would be fully decentralized, and there won't be any activities from the centralized base.
What is the web3 platform based on?
The idea of a decentralized autonomous organization, which is gaining popularity in the blockchain and Web 3.0 communities, is a new form of governance. In conjunction with a DAO, Web 3.0 technologies and communities offer a form of self-governance that makes you move away from centralized control over platform operations.
More so than with fiat money, Web 3.0 also functions fundamentally with cryptocurrencies. The use of cryptos, which are all built and enabled on top of blockchain technology, enables finance and the use of a decentralized form of payment throughout Web 3.0.
What is the importance of a web3 platform?
The platform that belongs to web3 can be made easy. However, the features of the web3 platform could be an object that needs to be noted. This will be one major aspect as the platforms built using the web3 will be using the features that they adorn. Let's see them.
The features that make them special:
It is so much decentralized, and the platforms will be owned individually without any central authority.
It is all blockchain-based, and thus the data are completely secured.
Autonomous and artificially intelligent: A key aspect of Web 3.0 is increased automation overall, which will primarily be driven by AI.
The Web3 platform is endorsed with these features, and thus, it is a great place to make use of them.
When it comes to the internet, web 3 has been one important thing. However, the platforms being built using Web3 have a clear indication of how a future platform will work on. Hence building a platform using their web3 tech will ease your work and make you a better player in the industry. Also, your data is stored on your cryptocurrency wallet in web3. On Web3, you'll interact with apps and communities through your wallet, and when you log off, you'll take your data with you. Since you are the owner of the data, you can theoretically choose whether to monetize it. All this could be a major impact when you enter the platforms on the web3.