A Journey into the Future of the Internet - Web 3.0 🚀

In the famous town of London, a young student named Tom stumbled upon a conversation that would change the way he perceived the digital world. As whispers of Web3 echoed through the school corridors, Tom's intrigue propelled him into an unexpected journey of discovery.

Back at home, armed with questions, Tom sought answers from his cousin Hari, a seasoned software engineer.

Hari said, Sure, I appreciate your interest.

Could you help me understand specifically how Web3 will be used?

Yes, of course, Web3, will represent a novel approach to navigating the digital world. It will not just be a concept; rather, it will exude a vibe capable of transforming its appearance. Web3 will have the potential to elevate the digital experience, making it more enjoyable and liberating for everyone. Moreover, it will promise to enhance the safety, intelligence, and connectivity of the digital world.

Tom was amazed. And, he will ask in confusion about the major technical advantages of Web 3, rather than Web 1.0 and Web 2.0.

Dude, I can clear up your confusion. Web 3 will be a game changer, bringing a slew of benefits that will outshine both Web 2 and Web 1. It will include enhanced security through decentralized technologies, improved privacy, smart contracts, and seamless interaction between different platforms and applications.

Tom will say, but. I need to be clear about these facilities.

Yeah, dear, I know the clear information also. Web 3 will operate on decentralized technologies like blockchain. Web 3 will have improved Privacy. Users will have more control over their data in Web3, promoting enhanced privacy compared to Web 2. Web 3 will utilize smart contracts, self executing contracts with coded terms, automating processes, and reducing the need for intermediaries. Web3 will facilitate seamless interaction between different platforms and applications, promoting a more connected and open digital ecosystem.

Dear, It will facilitate more and more. The use of tokens in Web 3 will allow for new economic models, incentivizing participation and contribution within digital communities. The Decentralized nature of Web 3 will make it more resistant to censorship, ensuring information and transactions remain accessible and secure.

The tom was excited. He wanted to experience Web3 for himself and asked to see some examples.

"Sure dude. Follow me, and I'll tell you some of the cool stuff in Web3."

Imagine you have a magical computer world called Web3, where everything is a bit like a treasure hunt! You can collect special digital pets called CryptoKitties, each one with its superpowers. In this world, you can also explore magical lands like Decentraland, where you can build your dream castle on special pieces of land that you own.

Picture using a super cool browser, kind of like a magical telescope, that rewards you with digital treasures when you explore websites. You can even become a financial wizard, trading digital coins and creating your own special money. And don't forget the awesome parties where groups of friends, like the heroes in a story, make important decisions together!

Then, Tom asked, What’s an example of a web3 app that exists today?

The Metaverse is an ongoing project that will come in the future, the best example is Axie Infinity, developed by Sky Mavis, which is a popular video game that often comes up in discussions. It incorporates NFTs and cryptocurrency on the Ethereum platform, paying players real money for completing in-game tasks. In this game, players can breed characters called Axies and engage in battles with other players. They can also collect Smooth Love Potion, a digital currency that can be traded on a cryptocurrency exchange, and acquire NFTs in the form of virtual land. As Casey Newton, the author of a previous article on the game, aptly described it, Axie Infinity is like "Pokémon on the blockchain." Among the millions who have played Axie Infinity are numerous Filipinos who rely on it as their main source of income. However, due to the game's nature, challenges may arise for some players.

Tom joyfully discovers that Web3 is not just a concept but a gift, making the digital world more magical. Eager to share, he encourages everyone to contribute, fostering a diverse and thriving Web3 community in a new era in the digital world.

To be Continued...