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What is Web 3.0 and why should you invest in it?



Web 1.0 was the early Internet where websites were just static pages, you could read the information posted on servers and interact with such servers in simple ways. There were search engines, and there were e-commerce sites like Amazon and eBay.

Web 2.0 arose following the turn of the century. It was far more interactive, far more collaborative, and far more capable. Web 2.0 brought "Web as a Platform". It is this generation of the web that gave us smartphones and mobile computing. Web 2.0 could support near real-time interactions and thus collaborative activity was feasible. Social networks like Facebook and Twitter were part of this. It also included the birth of Big Data and the machine learning algorithms that sifted through it.




Web 3.0 is the decentralized version of the Web i.e. there is no central authority to dictate or govern the usage of the data. Although still in the growing stage, it has the potential to revolutionize the Web as we know it today. Web 3.0 is run on a peer-to-peer (P2P) network via a blockchain. This can be maintained by any number of individuals providing their services via the Web 3.0 application.




It is not too late to be early

NFTs and digital land plots on the metaverses are a few ways to invest in elements of Web 3.0. More conservative and risk-averse investing in Web 3.0 would be stocks like Meta platforms, formerly known as Facebook, Snap, and Vizux that grant exposure to the technology without the heightened risk. 

Directly buying cryptocurrencies and investing in DeFi projects (like Pancake Swap or Bakery Swap), which are decentralized exchanges (DEXes) that facilitate the swapping of tokens are a few more options. Additionally, through these DeFi projects, individuals can stake their crypto tokens in liquidity pools to earn even more tokens as a result of their contributed liquidity and active use of their funds.



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