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Was Web 3.0 swamped by AI?
In recent years, there were a few powerful technological movements. All of them, gaining momentum and reshaping the digital world as we know it. Web 3.0 was one one them. Marketed as the next generation of the internet. It was suppose to revolutionise the way we interact, consume and exchange information online. With its promises of enhanced security, decentralised architecture, and personalised experiences, some people perceived it as a new holly grail of IT industry.
But all those slogans don’t seem to be so flashy these days. Were they swamped by the newer wave called artificial intelligence (AI)?
What is Web 3.0?
Web 3.0 is characterised as a new set of principles, protocols and transcactions done with blockchain technology and its decentralised nature in its core — making whole system more reliable and less prone to manipulate. This amalgamation was promising to users unprecedented control over their digital lives, ushering in a new era of trust, transparency, and autonomy (at least in theory).
Web 3.0 was also paving the way for new types of business models: tokenization and whole bunch of new fintech business systems, empowering individuals to participate in the economy, enabling crowdfunding, microtransactions, and (fractional) ownership of digital assets. The introduction of non-fungible tokens (NFTs)…
