Startup Opportunities for entrepreneurs in Web 3.0
Web 3.0 is a buzzword these days to keep our readers updated with the trend and business opportunities lying on top of it. We are taking you on the journey to discuss the various phases of the web and the related business models of that time.
Web 1.0
The initial stage of the World Wide Web evolution is known as web 1.0. With a few creators online and a large majority of consumers, in Web 1.0 content created mainly as static blogs. Web 1.0 is widely known as the Content Delivery Network (CDN). It helped creators to showcase the piece of information on the websites. Apart from this, Web 1.0 promoted the Pay per impression, Web Portal & Directories, and Software licensing business.
- Single page web app which contains text information only.
- The software needs to be downloaded and run on a local machine only.
Web 2.0
Centralization of data with large data centers controlled by a few global organizations is the core of Web 2.0. With the theme Web as the platform, developers have given many consumer apps built on the web. The major highlight involved user-generated content consumed across the web given birth to the social web. The social web contains several online tools and platforms where users share their perspectives, opinions, thoughts, and experiences. Web 2.0 promoted the marketplace, sharing economy, App store, and subscription content.
- Social networking sites, like Myspace or Facebook
- Blogs and microblogs, like LiveJournal or Twitter
- Sites that allow users to contribute content, like wikis
- Sites that let users share content, like YouTube
Web 3.0
Decentralization of the user-generated data using trending technologies is the core theme of Web 3.0. Enabling users to earn from their content could be one of the best use cases of Web 3.0. Companies are just getting started with Web 3.0. Hence there is a lot of opportunities available in this space for entrepreneurs. Ranking your website using keywords and frequency is getting outdated with Semantic search enabled on browsers.
“One quick sidebar on this topic — do not waste any more time trying to make your web pages work for browsers that do not support HTML5 — It is self-defeating and can, in many instances, actually harm your position in SERP’s.”
— Michalis Kotzakolios, WEB 3.0: Semantic Search
Artificial Intelligence, 3 D graphics, Augmented reality; are some of the areas which need to be explored by entrepreneurs. Indian entrepreneurs can disrupt this space with deep research and development.
UI & Service Layers, Work tokens, burn tokens, governance tokens, and payment tokens could be some possible use cases of Web 3.0. Investment firms are open to investing in these disrupting business models built on web 3.0.
Visit us here on The Hustler Team to join the fastest growing startup community.
