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Web 3: Definition, Technologies, and Tools
Abstract
The potential of Web 3.0 to bring about a substantial paradigm shift and disrupt the current landscape is comparable to the disruptive nature and paradigm shift brought about by Web 2.0. The core principles underpinning Web 3.0 are decentralization, openness, and enhanced consumer utility. Web 3.0, commonly referred to as Web 3, represents the subsequent phase in the evolutionary trajectory of the internet. Envision a novel iteration of the internet that possesses the capability to precisely translate textual input and comprehend spoken language, regardless of the medium employed. Furthermore, this hypothetical internet iteration would offer an unprecedented level of personalization in the content consumed by users. In the context of the internet's evolutionary trajectory, we are on the cusp of embarking upon a novel era. The term “Web 3.0” has been coined. The concept of Web 3.0 refers to the next generation of the world wide web, characterized by advanced technologies and functionalities that aim to enhance user experiences and enable more intelligent and personalized interactions. This chapter discusses the Web 3 definition, technologies and tools, as well as its benefits for individuals and companies.
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