Web 3.0 (or more commonly known as “Web3”) is a consensus mechanism for how the future web should look and work.
Web 3.0 is the evolution of the internet. In this article, we will answer questions such as what is Web 3.0 and what are its examples. Web 3.0 represents the next iteration or stage in the evolution of the web/internet. It could be potentially devastating and represent a paradigm shift as big as Web 2.0. Web 3.0 is built on core concepts such as decentralization, transparency and greater user benefits.
Berners-Lee explained some of these key concepts in the 1990s, as summarized below:
Decentralization: It means that there is no need for a central authority to post anything on the web.
The codes were developed in front of everyone, with maximum participation and experimentation.
In a 2001 article, Berners-Lee discussed what he calls the Semantic Web. Computers do not have a reliable way to process the meaning of language (ie, to find the actual context in which a word or phrase is used). Berners-Lee's vision for the Semantic Web was to bring structure to the meaningful content of web pages and enable software to perform complex tasks for users.
Web 3.0 has gone far beyond the original Semantic Web concept as conceptualized by Berners-Lee in 2001. This is partly because it is very expensive and monumentally difficult to transform human language – in all its subtle nuances and variations – into a form. Now that we have answered the question of what is Web 3.0, we can move on to examples.
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Web 3.0 Examples
Social Networking Web 3.0 examples
Sapien: Sapien is one of the unique examples of Web 3.0. It is a democratic social news platform that leverages the Ethereum blockchain. Also, it is highly customizable. From a social news perspective, it's an excellent alternative to Google or Facebook.
Steemit: Steemit is another great example of Web 3.0 websites. It runs entirely on the Steem blockchain. It is an alternative to Reddit.
Examples of decentralized exchanges Web 3.0
IDEX: A popular decentralized exchange for trading ERC-20 tokens. It provides a good interface for users and anyone with an Ethereum wallet can start trading on the platform. To get the most out of IDEX or any decentralized Ethereum-based exchange, you need to use MetaMask.
EOSFinex: EOSFinex is a decentralized exchange running on EOS.IO software. It is currently developed by Bitfinex, one of the largest centralized exchanges. There are many more dApps in the EOS environment.
Messenger Web 3.0 examples
Obsidian: Obsidian is a promising Web 3.0 project. It is based on STRAT and powered by Stratis cryptocurrencies. It is the harbinger of a new generation of users. It also provides a secure environment where users can communicate with each other and even send money.
ySign: ySign is another communication messenger that is an excellent example of Web 3.0. He is ready to change the world of messengers with his solution.
Examples of decentralized storage Web 3.0
Storj: Storj is one of the leading decentralized storage solutions. It is also one of the oldest. With Storj, anyone can store data. It is also open source and easy to use. The Pay Only model is built around users as they can pay as they go.
Sia: Sia is also a promising decentralized storage solution and is also regulated as Storj's biggest competition. Sia divides the file into thirty parts and distributes accordingly. It also encrypts the file during transfer.
Insurance and banking Web 3.0 examples
AiGang: Aigang is a DAO insurance protocol that offers crowdsourced insurance pools discovery. It is available to users who can earn rewards through prediction powered by DAO smart contracts.
Everledger: A distributed digital global ledger that aims to provide unique records to every user. Users can store data digitally and access it whenever they want. It protects users and banks, the open market and insurers from fraud.
Cashaa: Cashaa is the next generation banking platform that provides regulation, compliance and security. It provides instant crypto banking loans and also offers cryptocurrency trading.
Examples of Web 3.0 video and music websites
Let's list video and music Web 3.0 websites for better understanding.
LBRY: LBRY is a decentralized digital library with a different content format. As a user, you can read, watch and play on the platform. This means it supports books, music and videos and appears to be one of the earliest Web 3.0 projects.
UjoMusic: UjoMusic is a music platform where music creators can upload and distribute their music without copyright and copyright issues. Cryptocurrency and smart contracts are powering it.
Remote jobs Web 3.0 examples
Ethlance: It is a decentralized remote business platform running on the Ethereum blockchain. Anyone can rent and work in exchange for the Ethereum cryptocurrency. The most important advantage of using this platform is 0% service fee, no membership restrictions, etc.
Atlas.Work: Atlast.Work is a scalable, blockchain-powered freelance platform that uses smart contracts and machine learning to empower the freelance ecosystem where both freelancers and employers can maximize benefits. It has a flat rate of $2 per task.
CryptoTask: CryptoTask is another Web 3.0 supported project with no fees and no censorship for users. It also uses an advanced algorithm to match freelancers to gigs.
Web 3.0 browser examples
Brave: This browser comes pre-installed with ad blocker. It also allows users to sell their data in exchange for cryptocurrency.
Breaker Browser: It is a new generation peer-to-peer web browser. It is a place where everyone can share and empower their apps. It is also a creative tool that can be explored by anyone. This is a Web 3.0 browser.
We have come to the end of our list of what is Web 3.0 and what are its examples. Now we will examine the projects created by considering Web 3.0.
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Web 3.0 Projects
Web 3.0 projects are decentralized projects that use smart contracts and automate transactions over the internet.
Helium: A decentralized blockchain-powered project for Internet of Things (IoT) devices.
Chainlink: Through a decentralized oracle network, Chainlink provides off-chain information and data for digital contracts, allowing blockchains to securely interact with external data feeds, events, and payment methods. It is known as the abstraction layer.
Filecoin: Filecoin is like a file locker for Web 3.0. Filecoin is a decentralized storage network that serves as a passive means of monetization. It can be used to store any type of data such as audio files, videos, still images or texts. It is claimed to be a secure project to store more sensitive information such as private company information and records.
Audius: A decentralized music streaming platform that aligns the interest of artists, fans and node operators with the native token AUDIO. The token can be used to incentivize management, staking, and earnings from artists.
Flux: Provides the foundation for developers to keep up with the renewal of the web. With the help of Flux, users can develop Web 3.0 applications and decentralized projects and then distribute them across various networks. This becomes particularly efficient with the help of FluxOS, a decentralized operating system made especially for Flux users. The project offers blockchain as a service (BaaS), which is very similar to SaaS.
Theta: It aims to be the next generation entertainment and video platform powered by blockchain users. With corporate validator nodes from Sony, Google, Samsung and other companies, it aims to facilitate decentralized video distribution for users.
ZCash: One of the first privacy-based cryptocurrency projects. Interestingly, this privacy currency was originally built on the Bitcoin codebase, with the only difference being a privacy feature option.
Livepeer is a decentralized video streaming project built on the Ethereum blockchain. It aims at distributing real-time video and promoting participation in the network.
Kadena: A scalable PoW Layer-1 project capable of processing up to 4.80,000 transactions per second (TPS) thanks to the use of branded chains.