Chapter 1

Intro to Web3 and Web4.0

The internet has become a vital part of daily life, accessible through smartphones, wearables, and more. Constantly evolving, it began with Web1, advanced to Web2, and now we’re entering the worlds of Web3 and Web4.0. We’re here to guide you through the differences and what they mean for the future.

Let's dive right in...

Web1
In the early days the internet was used mostly to find information.
This is what we call Web1.

Web2

Web2 is the internet we now use on a daily basis.
It evolved from only reading towards interacting and communicating.
For this we use third party centralized platforms like WhatsApp, Facebook, Apple, Amazon, Google docs/drive as well as the entire banking and financial system.

Nearly everybody is okay with the functionality and possibilities of the internet of today and keeps using the offered applications out of convenience. Yet most aren't aware or don't really care about the huge risks that go with that!

Private centralized companies gather all your data.

The problem that arises from this is that these private centralized companies gather all your data, get filthy rich from it, use it for profiling to strengthen their positions in the market and raise barriers for competitors. To an extent that they gain monopoly power, even setting policy by acquiring positions through lobbyists in large institutions and governments. We've reached a critical point in time.

"It's time for a realization shift. It's time to #TakeItBack" 
- The Collective

This is where
Web3 and Web4.0 comes in

The idea of revolutionary Web3, although it is still in its early stages, is returning data sovereignty and ownership rights to the user. It is breaking down the traditional order by its builders and users, managed by tokens which gives property rights*.

Web4.0 can be described as the fusion of digital technologies with the physical and decentralized realms. More on that below.

*the ability to own a piece of the internet.

The ability to own a piece of the internet

This is being done by replacing the old centralized internet infrastructure by building crypto-networks and applications on top of it. It uses consensus mechanisms like blockchains (open distributed ledgers that anyone can access but no one owns) to maintain and update state and crypto coins/tokens to incentivize consensus participants (miners/validators) and other network participants. These coins and tokens can be bought, earned, shared, exchanged, granted etcetera.

Data will be scattered across a decentralized computer network
Through the use of this, your data will be scattered across a decentralized computer network making the centralized players of Web2 that acted as intermediaries become obsolete. The possibilities are endless!

Think for example of decentralized storing of value or file storage,
peer to peer and private payments, decentralized finance (DeFi),
monetizing your data by selling it to third parties, decentralized governance, decentralized autonomous organizations (DAO's) etcetera.

A new paradigm is already on the horizon: Web4.0

This next phase of the internet promises to be even more transformative, blending advanced technologies like crypto, blockchain, AI agents, sentient artificial intelligence, decentralized physical infrastructure, decentralized science (DeSci), and tokenized real-world assets.

More about Web4.0 in this blogpost!

What People Say About Us

Share by: