Web 3.0 and the Future of Crypto
What is Web 3.0?
The internet has come a long way since its early stages, where Web 1.0 mainly provided information on the internet with minimal to no interactions between users. The internet mainly served as a medium for users to research and consume content, whereas internet sites are typically designed for reading. Then came the platform revolution that sparked the beginning of Web 2.0 where users became content creators with high levels of interactions. Digital platforms such as YouTube, Facebook, and Twitter grew at an explosive rate, where KOL could influence preferences, with the content they release on the internet. Pipelines started to find an increasing urgency to have a social presence in the digital space.
In today’s digital age, we can start to see radical shifts in the digital space, especially in the cryptoverse, where several notions such as blockchain technology, decentralization, AI, machine-based learning, and more, are on the rise. It is almost as if we are welcoming the new generation of the internet, the Web 3.0.
So what has it got to do with the future of crypto?
Crypto markets are a huge part of Web 3.0, which typically relates to ideals such as open-source, trustless, and permissionless, as it enables users and machines to interact with data without the need for a central body. While there is currently no well-defined version of what Web 3.0 is, the cryptoverse has touched on various attributes with blockchain technology, decentralization, cryptography, or even the metaverse to build on this initiative.
Several projects managed to effectively solve issues of Web 2.0 such as Filecoin ($FIL), which is a decentralized storage network that offers alternatives to centralized cloud storage.
What is Filecoin?
The demand for data storage solutions will always be increasing as we create more and more data with every passing second. As a decentralized storage solution, Filecoin creates an avenue where users can earn passive income by renting out storage space on their computers, just like how you will rent out your empty house on Airbnb. This unlocks a new and untouched supply of data storage, as millions of computers come together to create a massive network of data storage.
Filecoin provides solutions that are far superior to Web 2.0, with a high level of security which makes it compelling for huge organizations to participate. With decentralization in mind, data will be dispersed across the network, where hackers will not have a single point of attack as compared to that of a centralized cloud storage platform.
So, how can a user like you and I participate in Web 3.0?
Web 3.0 is a broad term that can mean many things, whereas Filecoin is just one of the many promising projects that hopped on the Web 3.0 bandwagon. If you lack in-depth technical knowledge and still wish to be a part of it, fret not!
DeFi platforms such as CoinWind, simplify the participation process by providing a secure and safe tool to generate passive income. Users simply need to stake $FIL tokens, while CoinWind’s ecological smart mining platform handles the rest. Participate with the link below, and be one of the early adopters of Web 3.0 today!