The Internet has undergone a constant evolution over the years, going through different stages that have redefined the way we interact online. From Web1, where we could only read, to Web2, which introduced interactivity but also the transfer of data to large corporations. Now, we are entering the era of Web3, a territory under constant discussion and full of innovations that promise to change the way we understand and use the Internet.
Exploring Web3
Web3 is characterized by several essential qualities that set it apart from its predecessors:
- Decentralization: In contrast to the centralization of current platforms, Web3 is based on decentralized systems, meaning it is not under the exclusive control of one entity.
- Permissionless: Web3 is open and accessible to anyone, and interactions are recorded on a blockchain, ensuring transparency.
- Change in Ownership: Ownership becomes decentralized, allowing users to have real control over their data and digital assets.
- Censorship Resistance: Web3 promises to resist censorship, as opposed to the ability of current social networks to unilaterally shut down accounts.
- Native Payments: Facilitates direct transactions between individuals without intermediaries, opening the door to new forms of online commerce.
- Decentralized Identity: Provides a system where users own their information and can verify it without revealing their identity.
Decentralized Identity
Decentralized Identity is a key component of Web3, allowing users to have control over their personal information. Instead of disclosing their entire identity, users can verify certain attributes without revealing their full identity. The European Union is already moving towards implementing a decentralized identity system by 2024, giving citizens the ability to access services more securely and privately.
Decentralized AI
Decentralized Artificial Intelligence (AI) is a promising Web3 innovation. Unlike current AI models that have exclusive owners, decentralized AI would allow users to not only use but also train these models, making them co-owners. This technology would rely on blockchain to ensure verification of training and protect the models from sabotage.
NFTs (Non Fungible Tokens)
NFTs have gained popularity in digital property management, but their applications go beyond artwork. They can be used for company membership programs, medical records, music ownership, digital real estate, virtual fashion and more. NFTs represent an exciting way to assign digital property in a unique and immutable way.
The Metaverse
Web3 is also shaping the metaverse, a space where digital asset persistence, synchronicity, accessibility and functional economics combine. This metaverse extends from the digital to the physical and includes collaborative third-party experiences. One example is the growing world of blockchain-based video games, which allow players to own and trade game assets, creating a proprietary economy and unique experiences.
Conclusions: Explore the Future with GREEN.
Web3 promises a freer, more secure and user-owned Internet. Projects like GREEN are leading the charge into this new era. By embracing decentralized technologies and innovative concepts, GREEN and other similar projects are transforming the way we interact online. Dive into the future of the Internet and discover more about Web3 by exploring GREEN and other related articles on our website!
