Today, millions of people are turning their skills and talents into full-time jobs. One study suggests that the digital content market size in 2019 was approximately $11B. This value is expected to grow at a compounded rate of 12% by 2030. Digital content refers to any information that takes up an audio, video, image, or text format. The content requires various digital software which helps in developing and distributing information. Why Choose Web 3.0? In the current internet (web 2.0), creators can easily share their work with an audience through social websites. Hence, this concept is accelerating the idea of global participation amongst consumers and creators. Creators are, however, not cultivating enough value from their hard work. Prominent companies such as Facebook and Amazon use algorithmic procedures which negatively affect content creation. This disadvantage is driving authors to Web 3.0 as their alternative internet solution. While it may still be in its inception stage, many believe that Web 3.0 could become more favorable and profitable to use. Web 3.0 Definition Web 3.0 refers to an internet solution that hopes to blend the community-governed aspect of Web 1.0 with Web 2.0’s interactive features. The next-gen internet comprises several components which make up its architecture. The components include blockchains, decentralization, digital assets, and artificial intelligence. Web 3.0 gives users complete control ...
