Web 3.0: Is the Quest to Keep the Internet Decentralized Still Alive?

Billions of users are slowly warming up to the newest trend on the internet, which some describe as making life more ‘palatable.’ A recent study claims that online users could browse for almost 12 trillion hours in 2022. The massive traffic became more evident during the COVID-19 pandemic when people began to depend on internet-based technologies. However, a global saturation of people brings several topics such as centralization and data privacy into consideration. In today’s Web 2.0, prominent companies are profiting from the users’ content and private information. Such disadvantages create dissatisfaction among users who already question these monetization techniques by larger companies. Web 3.0 aims to address such challenges with decentralization as its core principle. The Internet’s Evolution The worldwide web has grown dynamically since it was introduced in 1989 by Tim Berners. Web 1.0 became the first known internet era with many consumers and fewer content creators. During this time, developers would design websites that contain information displayed through images or texts. Web 2.0 came years later as an interactive ecosystem where data circulates between the website owners and users. In this current web, individuals openly engage in sharing their thoughts via networking, blogging, and social media. Nonetheless, several shortcomings are making Web 2.0 unfavorable for the masses. In comparison, it may advocate for soc...