<span style="font-weight: 400">Web 3</span><span style="font-weight: 400"> may be new to those who do not use the internet frequently. However, those using it for over a decade know Web 1, 2, and 3. These are the iterations of the internet, and they all come with different technologies that aim at improving how people connect virtually.</span>

<span style="font-weight: 400">The first iteration of the internet was Web 1, which rolled out in the 1990s. It introduced the age of interconnection of computers globally. It was closely followed by Web 2 in 2002/2003. This iteration of the internet was unique as it introduced social media. Therefore it earned the name ‘The Social Web.</span>

<span style="font-weight: 400">In the early 2010s, the preparation for the launch of Web 3 began with institutions and companies going digital. They began introducing the use of software in 2013 when the internet had significantly changed. Now, </span><a href="https://www.cryptoknowmics.com/news/2023-is-the-year-for-web-3-0-heres-why"><span style="font-weight: 400">Web 3</span></a><span style="font-weight: 400"> has started gaining traction. Web 3 has not been fully realized, but the current technology is promising enough to necessitate its study. Its conjunction with blockchain technology will also offer limitless opportunities to the world.</span>
<h2><b>The History of the Internet</b></h2>
<span style="font-weight: 400">The </span><a href="https://techtaalk.com/what-is-web-1-0-web-2-0-and-web-3-0/"><span style="font-weight: 400">internet</span></a><span style="font-weight: 400"> has been around for almost three decades now. In each decade, a new internet iteration was introduced, but they all rely on each other. </span>
<h3><b>Web 1</b></h3>
<span style="font-weight: 400">Web 1 began in the 1990s and had the most straightforward form yet. In this iteration, people could only connect their computers over long distances, and not much could be done. However, it is the most important one yet as it introduced the world to the possibilities of virtual socialization. This is the idea that gave rise to Web 2.</span>
<h3><b>Web 2</b></h3>
<span style="font-weight: 400">At the moment, people spend about 40% of their internet time on social media platforms. It has been one of the most significant inventions of our generation. It came with Web 2, launched in the early 2000s, bringing social media platforms like Myspace and Livejournal. Other companies like Facebook and Yahoo also came up in the same period and survived to rule the market.</span>

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<span style="font-weight: 400">This internet iteration also reinforced the idea of e-commerce that some start-ups like Amazon explored on Web 1. Most companies capitalized on it after learning that the Web 1 start-ups had succeeded in creating new markets. As a result, technology companies also increased to solve the issues connecting the virtual and the real world. </span>

<span style="font-weight: 400">These technology companies made software that welcomed the digital age giving rise to Web 3, the internet that will be intelligent.</span>
<h3><b>Web 3</b></h3>
<span style="font-weight: 400">Web 3 began rolling out in the early 2010s. However, it is still not fully realized, and we are in the transitory period between Web 2 and Web 3. However, the current technology is promising enough that this internet iteration will be up and running soon.</span>

<span style="font-weight: 400">It will be the intelligent internet since it is run by underlying technology optimized to function almost like the human brain. That means it will have to use technologies like Artificial Intelligence (AI) and Machine Learning (ML) to achieve the fate. This internet iteration is notable because it will focus more on the users than on the technology companies, making it exceptional innovation of our generation.</span>
<h2><b>Components of Web 3</b></h2>
<span style="font-weight: 400">Like other technologies, Web 3 is building on different technologies. Below are some of its </span><a href="https://www.martechalliance.com/stories/whats-the-difference-between-web-1.0-web-2.0-and-web-3.0"><span style="font-weight: 400">components</span></a><span style="font-weight: 400"> and how they are better than its predecessors.</span>
<h3><strong>Semantic Web</strong></h3>
<span style="font-weight: 400">This Web is different in that it will be optimized to create, share and connect content through search and analysis rather than keywords.</span>
<h3><b>AI and ML</b></h3>
<span style="font-weight: 400">Artificial intelligence and machine learning will be a big part of Web 3. They will ensure that the internet is intuitive, thus creating uniformity in the outputs of the processes that it will be involved in.</span>
<h3><b>Decentralization</b></h3>
<span style="font-weight: 400">Since Bitcoin (BTC ) launched in 2009, the world has seen significant changes. It introduced blockchain technology that campaigns for decentralization. Web 3 uses this technology to enhance decentralization too.</span>
<h3><b>Internet of Things (IoT)</b></h3>
<span style="font-weight: 400">Internet of Things is a crucial component of Web 3 as it is the technology behind the connection of devices. This technology will be revamped using blockchain technology to connect almost every available device.</span>
<h2><b>How Blockchain Technology Will Influence Upcoming Technologies in Web 3</b></h2>
<h3><b>Decentralization</b></h3>
<span style="font-weight: 400">Web 3 </span><a href="https://www.cryptoknowmics.com/news/the-significance-of-blockchain-in-web-3-0"><span style="font-weight: 400">leverages</span></a><span style="font-weight: 400"> blockchain technology, thus introducing decentralization. It is meant to be a decentralized internet.</span>
<h3><b>Finance and Economics Sector</b></h3>
<span style="font-weight: 400">The finance sector is already changing due to the introduction of </span><a href="https://www.cryptoknowmics.com/"><span style="font-weight: 400">cryptocurrencies</span></a><span style="font-weight: 400">. These changes won't stop as </span><span style="font-weight: 400">Web 3</span><span style="font-weight: 400"> promotes digital assets. Blockchain technology will also enhance e-commerce through technologies like the metaverse.</span>
<h3><b>Medical Sector</b></h3>
<span style="font-weight: 400">The medical sector will be reshaped by Web 3 in many ways. One of the common ways will be reshaping how data is stored in the medical industry. It will also make research work more <a href="https://www.cryptoknowmics.com/news/nashville-based-startup-sold-160000-yat-worth-a-combined-20m/">manageable</a> due to better automation owing to Blockchain,  AI, and ML technologies.</span>
<h3><b>Data Sector</b></h3>
<span style="font-weight: 400">The data sector will undergo the most extensive changes yet. It will have to rely on blockchain technology, meaning that its integrity and security will improve too.</span>
<h2><b>Conclusion</b></h2>
<span style="font-weight: 400">Web 3</span><span style="font-weight: 400"> will be a force to reckon with. If fully <a href="https://www.cryptoknowmics.com/news/five-reasons-why-banks-should-seriously-consider-web-3-0">realized</a>, it will introduce a new generation of technologies to the world. It will also reinforce the age of digital economies.</span>

<span style="font-weight: 400">These technologies will be game-changers in the world. They will reshape the world in many ways, so everyone should research Web 3 and other upcoming technologies. However, it is good to research Web 3 and forthcoming projects before investing in them.</span>

The Next Big Thing in Web 3.0: What Are the Features Blockchain Technology Is Bringing

Adam is an outgoing young lad who likes adventures and discovering new things.Despite his boring life, he loves writing about cryptocurrencies and exploring what blockchain technology can do for the coming digital world where all adventures will be virtual.

The Next Big Thing in Web 3.0: What Are the Features Blockchain Technology Is Bringing

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