Web 3.0 and How Crypto Can Help You Invest In It
Without a question, the Internet’s inception has ushered in the greatest momentous technological transformation in human history. The Internet has torn down geographical borders, increased access to knowledge, and linked people in previously unthinkable ways. Now, as we enter what appears to be the “Roaring Twenties,” we are once again at the start of a new age.
Companies old and young have been building the groundwork for the next generation of the Internet over the past decade. Humanity is set to reach the next stage of the World Wide Web’s growth, from blockchain to artificial intelligence.
But first, let’s define Web 3.0 and how we got here.
There was simply Web 1.0 in the beginning. It was the first incarnation of the web, back when web sites were static and users couldn’t actively communicate with one another via the Internet. Web 1.0 users were limited by what it could accomplish, thus they could only view HTML webpages, which mostly consisted of news articles or other non-interactive material.
A new incarnation of the internet began to take shape in the late 1990s, one that would allow users to participate in a more dynamic online. The development of the social web, which eventually gave rise to Web 2.0 corporate behemoths like Facebook, Twitter, and YouTube, placed a greater focus on user-generated content and site-to-site interoperability.
New enterprises and business models arose as a result of this increase — from social networking to mobile applications, Web 2.0 has brought new revenue streams that were not feasible in Web 1.0.
After more than two decades, an even more powerful version of the Internet appears to be on the horizon.
While a definitive definition of Web 3.0 has yet to be defined (it hasn’t yet arrived), there are several features that the general public may agree on. Web 3 characteristics include a semantic web, artificial intelligence, 3D visuals, and ubiquity, to name a few. Web 3 will likewise be decentralised, removing all middlemen and allowing for trustless, safe peer-to-peer transactions all across the world.
Participants from all over the world will be able to safely transact over the web without the need for an intermediate third party, which will be a benefit for the Creator Economy’s rising popularity.
The Decentralized Web, Web 3, and the Blockchain
Aside from AI and 3D graphics, blockchain and its underlying technologies are the engine that will power the next generation of the Internet. Web 3 delivers a democratic and user-centric platform with no central point of control for the first time in Internet history.
While Web 2.0 enabled cross-border information exchange, this data was frequently handled by centralised third parties. Users will be able to engage with one another without the intervention of these intermediaries in the Web 3.0 future, allowing information to be freely exchanged while minimising the danger of censorship by governments and businesses.
What Is Web 3.0 and What Does It Mean To You?
Behind cryptocurrencies (such as Bitcoin and Ether), there exist fully decentralised networks regulated by their individual protocols. As the use of these blockchains rises, so will the use of Web 3.0 and related technologies, as seen by increased network utilisation, an increase in decentralised apps (dApps), an increase in decentralised financing (DeFi), and acceptance of Non-Fungible Tokens (NFTs).
One of the most straightforward ways for an individual to get engaged with the future generation of the Web is to assist in the development of these protocols and their solutions. You may check out DeFi initiatives like Pancake Swap or Bakery Swap, which are decentralised exchanges (DEXes) that enable token exchanging, in addition to directly purchasing cryptocurrency.
Individuals may also stake their crypto tokens in liquidity pools through these DeFi initiatives to earn even more tokens as a consequence of their contributed liquidity and active usage of their assets.
We also provide crypto futures and savings products at Binance, providing investors with a full view of Web 3.0 and the crypto world through our creative and distinctive product offerings.
Since last year, NFTs, also known as non-fungible tokens, have piqued the curiosity of crypto enthusiasts and newcomers alike. In fact, we just created our own Binance NFT Marketplace in the last year, allowing our customers to purchase and invest in digital artworks that aren’t available in the Web 2.0 world.
Web 3.0 is on its way. Are You Prepared?
Another technological revolution is on the horizon for humanity. Web 3.0’s advent will not only be a watershed moment for humanity, but it may also be a watershed moment for your future riches. When the world begins to accept all of the benefits that Web 3.0 has to offer, investors and builders that embrace the potential that this next-generation Internet may provide will find themselves in a better position.
Direct crypto investments in blockchain protocols are an excellent place to start — especially on Binance, where we provide a full range of financial products as well as a reliable fiat gateway into the crypto world. Other Web 3.0 goods, such as those provided by DeFi, DApps, and NFTs, are also important areas for users to consider.
1 BTC was worth less than $100 in the summer of 2013. After eight years, 1 BTC is currently worth more than $30,000 USD. Bitcoin and the plethora of other protocols that it has spawned have the ability to forever change the digital environment as we know it. As the value proposition for blockchain and Web 3.0 expands, there has never been a more essential time to begin studying, analysing, investigating, and investing in the evolution of the World Wide Web.
Are you ready to invest in cryptocurrencies?
Binance is a great place to start if you’re new to cryptocurrencies.
Sign up for an account or download the Binance app to get started. Then, to increase your crypto purchasing limit, authenticate your account. After you’ve confirmed your account, you have two options for purchasing cryptocurrencies on Binance with cash: you may purchase crypto with cash from Binance via bank transfer or card channels, or you can buy crypto with cash from other Binance P2P sellers.
