What are the Potential Benefits of Web 3.0?
Web 3.0 advantages and disadvantages are hard to state confidently because most Web 3.0 components are new or still on the drawing board — all of them hyped by partisans who tend to leave out the downsides.
Nevertheless, here are some of the benefits you can expect from a decentralized web governed by its users:
Control and Privacy
Users will take back control of their online identity and data from central providers.
Transparency
Web 3.0 will enable better visibility into transactions and decisions.
Resilience
Applications delivered on decentralized networks are less vulnerable to single points of failure.
Predictive Intelligence and Personalization
AI- and ML-enabled prediction and personalization will make the web more responsive to users.
Decentralized Finance
This will provide the ability to conduct transactions, including buying and selling products and services, as well as securing loans, without needing approval from intermediaries.
How can you invest in Web 3.0?
An obvious, well-trod first step is to invest in one of the better-known cryptocurrencies. Few of the vendors that specialize in Web 3.0 technology are publicly traded, but a handful of exchange-traded funds (ETFs) have emerged to group the stocks of Web 3.0 companies in a single fund for investors to buy into. There are also ETFs and mutual funds that bundle cryptocurrencies. It’s early to consider more established companies like Google and Meta as direct Web 3.0 investments, since their Web 3.0 efforts are a small fraction of their businesses, but that could soon change.
Note: All photos of this post were received from Freepik.
