For context, I heard the term “Web 3.0” be used for the first time for everything being put on the blockchain. Then, it reminded me of a post on Mastodon saying that the fediverse is Web 3.0. After that I looked it up on the internet, and the definition included A.I. with crypto.
So I’m wondering, what is actually Web 3.0? What does it mean to you? Or maybe is Web 3.0 just another attempt at making investors pay up?
They’re aspects of the same thing: decentralization/federation. The idea of Web 3.0 is to transition from massive centralized services to distributed federated services. The Fediverse is on the social media side of things (displace entities like Facebook), crypto is on the finance side of things (displace entities like Bank of America), NFTs are supposed to be on the distribution side of things (displace entities like Ticketmaster).