Over the years, the internet has evolved. It has got better and better and continues to grow further. The history of web technology has grown from Web 1.0 to Web 3 now. Web 3.0 is the third generation of this technology. Indeed, this generation of technology is in its infancy presently. But, when you embrace it now, you can achieve a lot of benefits. Many businesses are wondering whether or not to embrace this technology. Understanding its importance will help:
One of the factors that make Web 3 important to adopt is the ownership it brings. When you embrace this technology, it will give your digital asset ownership in a way that you have never imagined earlier.
For instance, let us consider that you are planning to play a web2 game. When you make an in-game purchase in Web 2, the item will be associated directly with your account. In case, your account is deleted by the game creators, you cannot redeem the items you bought. Otherwise, if you cease playing the game altogether, you will lose the money you spent.
In Web 3, on the other hand, you can get direct ownership via NFTs. These non-fungible tokens cannot be taken away by anybody. Even, the game creators cannot delete your account. Just in case, you stop playing the game, you can sell your in-game items. You can do this in the open market to get back the money you spent on in-game purchases.
The majority of platforms on the web need you to create an account with them. Only then, you can gain access to such sites. So, without providing some personal details about yourself, you cannot become a member of such platforms. But, in Web 3, you can safeguard your personal information. For this, you can use your ENS profile and Ethereum address.
Immersive and User-Friendly Website
You will be interested in getting more leads from your business website. For this, Web 3 will help. The reason is that this third-generation web technology improves the capabilities of Web 2.0. It expands the capabilities that Web 2 carries to the next level. When compared to Web 2, websites developed on Web 3 technology will be more user-friendly and immersive. Above all, this technology will ensure that the personal data of your visitors will remain protected and private.
The more privacy you provide to your website visitors, the more they will be interested in your website. This is possible when your website is developed based on Web 3 technology. Rather than surveillance and control, the third-generation web technology will pay attention to security and privacy. Your website visitors can choose the data they wish to share and the data they wish to keep private. They will become owners of their personal details. So, they will show better engagement in your business.
Apart from these reasons, Web 3 is important for its blockchain association. Above all, it will underpin much of the Metaverse that is going to be the future.