Web 3.0 has grown in popularity over the last few years and has fast become a tool for the empowerment of users in regard to ownership and sharing of data. The premise is that Web 3.0 will bring back the digital industry to a decentralized model, driving forwards, monetization, ownership, and governance, that was not as prominent through Web 2.0’s centralized model.
The basic principles of technological evolution dictate that when a new model is created, it replaces the previous version; that’s precisely what happened between Web 1.0 and Web 2.0. However, Web 3.0 will not follow the same pattern; instead, it has the potential to enhance instead of replace Web 2.0.