2 min readWeb 3.0: What’s in store for the new web?

In this November 29, 2021 article for Axios, Scott Rosenberg looks at the future of the internet and the form that Web 3.0 will take, and how it can potentially resolve the issues created by previous iterations of the web.

Unlike Web 1.0, which brought us online publishing and the first incarnations of e-commerce, and Web 2.0 brought new ways for users to share content and the platforms for distribution, Web 3.0 is all about the creation of a digital economy. It will enable new currencies and will feature a new way of securing property that is beyond that of law.

Rosenberg says that the conversation about Web 3.0 is still at its beginning phase, but some important issues need to be addressed immediately. For example, how can we create a Web 3.0 that is not dominated by a single giant corporation that will act as a gatekeeper? How can the architects of Web 3.0 design it so that it ensures fairness and protect it from abuse?

Editor’s Note: The issues surrounding Web 3.0 are very important because it now has a huge repercussion on the economies of countries and their statehood. Perhaps one of the issues of creating a digital economy is that just like Web 1.0 and 2.0, it is being shaped by developers and their investors, with no real need to engage with countries and individuals that might be affected by the societal change it brings about.

How will poverty eradication, human development, and the quest for justice and equality be affected by Web 3.0? Without the input of governments and citizens, Web 3.0 might turn out to be detrimental, not only to our economies but also to our freedoms.

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