It is difficult for us to fully understand or create an accurate description of Web3 since in present it is not yet clear what Web3 could be. “The popularity of blockchain and Web3 is undeniable, and we’re seeing people learn and collaborate with blockchain at an astronomical rate” (Gibson, 2022). Even though Web3 has a considerable amount of critics from those who do not share the same enthusiasm about this idea (White, 2022), we can assume that Web3 could be a revolutionary step into the evolution of Web. This future version could be promising for the users, and it could bring back control of our data and privacy.
References
Gibson, D., Donovan, R., Williams, C., Popper, B., May, E. and Popper, B., 2022. New data: Do developers think Web3 will build a better internet?. [online] Stack Overflow Blog. Available at: <https://stackoverflow.blog/2022/04/20/new-data-developers-web3/#:~:text=Regardless%20of%20hype%20cycles%20and,blockchain%20at%20an%20astronomical%20rate.> [Accessed 4 May 2022].
Gilbert, 2022. What is web3 and what might it mean for the UK economy? - Economics Observatory. [online] Economics Observatory. Available at: <https://www.economicsobservatory.com/what-is-web3-and-what-might-it-mean-for-the-uk-economy#:~:text=By%20using%20blockchain%20technology%20to,gatekeepers%20to%20extract%20economic%20rents.> [Accessed 4 May 2022].
Jin, L., 2022. The Web3 Renaissance: A Golden Age for Content. [online] Li.substack.com. Available at: <https://li.substack.com/p/the-web3-renaissance-a-golden-age?s=r> [Accessed 4 May 2022].
Kafka, 2022. Web3 is the future, or a scam, or both. [online] Vox. Available at: <https://www.vox.com/recode/22907072/web3-crypto-nft-bitcoin-metaverse> [Accessed 5 May 2022].
White, M., 2022. Inside one software engineer's effort to raise a red flag over Web3. [online] Fortune. Available at: <https://fortune.com/2022/03/31/cryptocurrency-web3-skepticism-molly-white/> [Accessed 4 May 2022].
Whiteboard, 2021. [online] Youtube.com. Available at: <https://www.youtube.com/watch?v=nHhAEkG1y2U&list=PL8TQpCQNk6wGVmlZsUHzyRXAIBx2NgCdq&index=1&t=407s> [Accessed 5 May 2022].
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