What's Web 3.0? [ All Your Questions Answered ]

CoinMarketCap.com/Christmas 🎁🎄
Web 3.0 could have a huge impact, not just on crypto, or tech, or even finance, but on the entire world. Yes, it’s early days, but we think Web 3 looks pretty awesome.
As do the battalions of venture capitalists who have been pouring money into Web3 protocols and generating masses of hype in the Twittersphere.
So, if you’re wondering what Web 3.0 is and how it could disrupt the world, keep watching!
According to the market data and analysis company Pitchbook, venture capitalists have pumped $27 billion into crypto platforms and crypto-related projects so far in 2021. Ali Yahya, a crypto partner at the venture capital firm Andreessen Horowitz, recently said “We’re at an inflection point that will lead into an even faster pace of innovation and growth in Web3.”
Even the mainstream media, including the Guardian and the New York Times, have picked up on the hype and are writing about Web3. Ideas for Web3 were first pitched back in 1999 by none other than the inventor of the World Wide Web himself - Tim Berners-Lee.
Berners-Lee believed that what we’re today referring to as Web3 would be known as the “Semantic Web,” which would involve AI solving problems like unclear search queries using linguistic context.
For instance, evaluating whether a search query like “What is a Jaguar?” refers to the cat or the car by using the context of the question.
But what Web3 has turned out to be, or might look like at least, is much more exciting than just the Semantic Web and goes far and beyond what Berners-Lee first envisioned.
But before we get too far into what Web3 will be, let’s do a quick recap of the world wide web so far….
2:03 - Web 1.0: The First Web
2.37 - Web 2.0: The Connected Web
4:34 - What is Web 3.0?
5:18 - Web 3.0 will be more accessible than Web 2.0 and permissionless
6:49 - Web 3.0 applications will give us more control over our data
8:23 - Web 3.0 will utilise the best of AI and Machine Learning to improve online services
9:56 - Web 3.0 will use DAOs to democratise internet-based platforms and services
12:48 - Web 3.0 will offer censorship-proof platforms which are nearly impossible to bring down
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[@marcoreus1681]

Thank you for the Web 3.0 explanation. Decentralization is key for an adequate Web 3. May the light times outlast the dark times.❤

[@winsonleow9660]

Ya, wad if it was a single or a consortium of government that first figure out how it could work..

[@GERARD15051]

Web 3.0 is the future. Decentralization is the way to go. Enough with monopolies. 👍😇

[@silva8215]

Micropayments are the real deal that brings us a bright future all over the world.

[@methylmercury]

moneyless society is the way to go, crypto is just as fake as the banks and endless money printing

[@skylee4924]

@@methylmercury noob 😂

[@jollymolly2996]

Bullshit... Web 3.0 coming from the same people that has 2.0....

[@Hodmak1]

@@methylmercury คปค

[@dannygo8782]

Great video and quite informative, thanks! Small correction: first iphone did come out in 2007 :-)

[@coubclub9419]

like it was not quite obvious for everybody what she meant.

[@DeadSetOnDestruction]

Very useful and clearly explained! Thank you.

[@Gal_Moran]

Keep it up! Great videos lately

[@JayPrada]

Looking forward to Web 3 🙏♥️

[@fabiocappuccini7178]

it took me only 15:20 minutes fall in love with this chik

[@tricksbyshahnawaz2656]

and a second to forget 🤣

[@Rapha_Carpio]

Lol it took me 1 second

[@theys6837]

Great Explanation‼️💯👏👏

[@silona]

Much better explanation! Thank you!

[@Akaki1999]

Good explanations 👏

[@HoldonColdfield]

Thanks. Now I understand the essence of Web 3.0 much better 💥

[@omarhibshi]

This was much needed information about web3, Thank you!

[@FreeLoader626]

Guys check out The Web3 Project. It's soon to have a DAO with 400,000% APY with 3 second compounded interest, dual-rebasing, a play-to-earn ecosytem, NFTs, soon to be gaming studio, an improved free launchpad like PinkSale, nodes, mining, a stablecoin and wrapped web3 staking. Truely one of a kind project. 🔥🔥🔥

[@jydobrooks4399]

I'm all in for Web 3.0.

[@Norseman311]

HBAR

[@Petri2030]

Thank You for a very clear and informative video Jessica!

[@ruelchavez2110]

This is a great video and a more accurate description of web 3.0. My only reservation is the involvement of VC in this.

[@theoivlisnet]

What is VC?

[@mattrdesign]

@@theoivlisnet Venture Capitalist. In other words, 3.0 will still be centralized to the investors...

[@artbiz7656]

Thank you 👍🙂

[@shiitcoiner]

Concordo com vocês, a Web 3.0 pode ter um enorme impacto, não apenas em criptomoedas, tecnologia ou até finanças, mas em todo o mundo. Vamos ver o que o futuro nos aguarda. Por hora invisto em tokens Web 3.0 esperando uma boa valorização lá na frente.

[@TitusT-cf6pc]

Thanks for the knowledge on web 3.0

[@NirvanaOnTheBeach]

Great video and a clear description of what Web3 actually is!! Thank you!

[@timbarraco2813]

The only problem is from what I understand- you would have more voting power in a DAO based on how many tokens you have… that’s the same premise as the largest shareholders having the most influence. And you mentioned if the person holding a DOA token doesn’t like the way the company is going, they can sell their token and move to another project. That’s just like stocks haha help me understand I want web 3 to work?

[@petesorganicmarket]

Thanks Jessica..legend..good rundown..

[@MJohn-os2ej]

Great overview. Likeminded Companies acquisition of Mostminds is a move to bridge the technical challenges of evolving a feature rich, although visually elementary, platform with web 2.0 structure to a web 3.0 framework and infrastructure. We'll see if they can pull it off...

[@nickyshah1999]

Trying to think about where the data servers for all this data will sit... surely that will have to stay centralised(?) due to the huge capital investment and on-the-ground expertise required. Or am I missing something? If I'm correct, then aren't the keepers of all the servers still centralised between a few big players?

[@theoivlisnet]

IPFS is the answer.

[@adomasak2325]

What if every device that is connected to web 3 would be a tiny part of the server that the data is sitting in? I wonder if thats possible.

[@theoivlisnet]

@@adomasak2325 That's what IPFS does.

[@TheKindman10]

Flux decentralized server

[@pauld.9856]

It's scary, these companies, they know everything. If Web 3 can improve this situation, it would be very good and necessary. This should be shown to Elon Musk, he always says he doesn't understand Web 3. Well explained by Jessica, the crypto fairy. 😍

[@theoivlisnet]

That's what I am doing -> encrypted NFTs. If you are KZbinr, you don't need to sell your video to the KZbin sells to another company in format of ad. With encrypted NFT, you can sell your video directly to the company, and the company can use your video as advertising.

[@kakatuaOfficial]

Jessica has no clue. Wikipedia is Web 2.0.

[@da4dim]

Elon Musk understands only too well.DYOR and maybe you will come to understand wtf as been going on.web3.0 was an attempt to exclude superior competitors from the market with the unlawful employment of corrupt officials and individuals,to the detriment of the crypto industry.

[@sketchnology8270]

"I need a hot blonde with a clever accent to read this shit NOW!"

[@muhammadnuri7038]

such a soothing, beautiful voice to learn Web3 compared to others.

[@fergus247]

Web2 where getting an app might cost $5 but using it is free Web3 where getting the app is free but every time you use it it costs $5

[@mi5black775]

Great project and tnx to Jessica

[@synarfany637]

Thanks 🌹

[@DK-zo8gx]

Джессика, благодарю за информацию - интересно и полезно! 👍 Such a lovely lady 🌹

[@GalC19]

Web3 feels like an idealistic concept which I don't see as happening anytime soon If you allow anonymity - you allow people to shirk responsibility for their words and actions on the platform which can be problematic? Welcome people's thoughts on this

[@smittymcjob2582]

anonymity is license for mischief. Given that 20% of all people (around 2 billion people?) are always looking for ways to get away with things not appropriate or fair to others then I'd say full anonymity can be a very dangerous thing and detrimental to the other 80% of the human population.

[@smittymcjob2582]

And who's going to pay for public infrastructure and services if everyone avoids paying taxes through anonymous financial transactions?

[@smittymcjob2582]

Here's a good analogy that brings the problem and the absurdity of suggesting anonymity as a solution into focus. Internet these days is like a mid-20th-century society where all roads and id-issuing infrastructure is outsourced to private companies that use peolpe's identities and where they go to earn income and profile these people. Suggesting that everyone become anonymous to evade such invasions of privacy is clearly not how to solve this problem because this anonymity affords safety to the criminal element. The real solution is how a mid-20th-century society was operated. The infrastructure and people's identification is trusted with a government that is trusted and open to scrutiny to make sure this data is not abused to anyone's benefit. Governments (in the west that is) could always tap your phone and listen in but they needed court orders, etc. In other words even though governments always had the means to get into your private life, legislation and oversight made sure that this was limited. Tyrannical governments knew everything about their people even before the internet came along, so this issue of privacy is not a new issue but one that has surfaced in a new format. The solution is not anonymity. The solution is to admit that internet, search engines, online-identity have all become public infrastructure that must be managed by non-profit publicly scrutinizable (is this a word?) entities on top of which other companies can provide service. The other problem with internet as it is today is that nothing ever disappears. So if you make a stupid comment at a low point in your life into your online account in the privacy of your own home that stupid comment will live forever easily accessible to everyone through a search engine. As it is, someone in 400 years will comes across my comment here by chance or by searching for name and will form an opinion of me. I will never be able to live this off! So another important thing is to designate the private and public areas of each person online (kinda like when nobody can bug you when you're inside your home without a court order and when you go out where you are exposed to laws in public areas) and it should be illegal for anyone to expose or catalog or index anything you have or do in your private area of the internet. In summary, I say we need to declare the internet and online-identity as infrastructure and move its management to non-profits subject to utility-like regulations and define online private and public spaces and legislation appropriate for protecting it and then live online like how we do in the real world.

[@hasanimousprimitiveprime8967]

Great video and explanation of what's here and what's to come Web-wise. One thing, and I'm just telling you this because I would want to know...in the video you stated the iPhone was introduced in 2017 but in fact the iPhone came out 10 years prior in 2007. Thanks for all the info!

[@zacharydavis8991]

very cool thank you

[@eyobetsegaye5348]

Thanks I love it

[@user-ru9jy4hq6d]

How you gonna provide "storage" if you even can't store your data without onedrive and clouds today) ?

[@vyoifl]

ขอบคุณครับ

[@BarakaArnold]

Basically,in web3.0 everything is Decentralized

[@luisphillipdomingoszanini4782]

I've been watching this video for an entire hour because I must stop at each minute to handle my mind blows, I am already at 8:19 and I know I can make it to the end

[@fabulous_Analytics]

The sweet thing about Web 3.0 is the data privacy.

[@mazharulislam4115]

Thanks

[@CryptoclouR]

Thank u.. ❤️ Love from India

[@goodwellcszulu7830]

My question is not on web 3 it on the different contract address on one coin in coinmarketcap and Decoin what is happening will this error be solved or not?

[@theoivlisnet]

Can you explain your question?

[@mr.gamewatch7547]

Great video

[@Jasmine-nw3in]

easy to understand even for non-native english speaker. thank you

[@kenopanishad]

Fantastic explination and VERY easy on the eyes

[@blahblahblah5924]

"VERY easy on the eyes

[@toyobeats1580]

@@blahblahblah5924 lmfao ikr

[@someonenamedcaroline]

Ew to all of that.

[@ameermoaviaofficiall]

JazakAllah

[@Daveyboy25]

Maybe it's just her beauty, but I know as much about Web3 at the end of this video as I did at the beginning.

[@nimbahadurkhatri6796]

Same here 😅😅

[@ArjunRannuki]

Good job

[@jase7231]

Anybody catch the Easter egg? 3:35 First iPhone back in 2007 you mean* Love the content !

[@joshgilbert526]

Thank you for the Web 3.0 explanation. Decentralization is key for an adequate Web 3. May the light times outlast the dark times.

[@CoinMarketCapOfficial]

Well said!

[@methylmercurypoisoning]

Jeeeeeesica, that was a low blow

[@samuelkhongsai7180]

What are the crypto project that specializes on web3

[@darmawansaputra1462]

Good Project 👍👍👍

[@peghmankharazmi2306]

Very good

[@jeanpierresiempreactivo8294]

Soy de Perú muy interesante,web 3 muy buena informacion

[@francesco9315]

I'm head over heels in love

[@krisztianzsiros7100]

Web 2.0 is the age of targeted advertising and lack of privacy. I hope web 3.0 it will solved this

[@fergus247]

web3 is more expensive than web2. Once users figure this out they will be happy with web2 for the most part.

[@gemusemehmed1332]

Utopia P2P ecosystem real web3.0

[@dua154]

Great

[@aghaziemercy4690]

Wow this is interesting

[@chrisrancevs107]

Look into Elastos!!!

[@digitalaset]

Web 3 need domain???? Or not???

[@gendhisfunstudio26]

Interesting

[@buyhouses2833]

NOIA syntropy will be the biggest sleeper of WEB 3.0

[@TechnoKid_]

say goodbye to KZbin demonetizing a channel

[@stevenellis6884]

What about the average people who will probably be last to know about these new systems? Won't they miss out on early token prices that the more savvy early adopter users might benefit from? It's like buying land, the rich are able to get in early and watch prices rise while people not so well-off will spend years saving while seeing prices rise. This is just my thoughts when I hear about DAO's and games for example Axie, etc. I don't know, maybe I should keep learning about these new technologies and the future of the web, but I can't help but think all this crypto involvement will see the average people or users feeling a little confused if they require to pay for something that has inflated in value from before they even knew about it.

[@oracle392]

Your not wrong but there's also nothing you can do about it. People who stay ontop of things and get into good projects early always sand much more to gain...and they should as the early adopters are the ones taking the risk Nd making it work. Waiting until it's already big and popular means you have missed out on the big gains..but yours also at much less risk to lose what you invest. People aren't going to support and invest in little known techs if they don't stand to gain anything from it

[@janurasbi540]

Thanks for this tutorial. I believe Web 3 is better for our privacy & security

[@CoinMarketCapOfficial]

You are welcome!

[@lukmanfebrianto]

The explanation is so clear and easy to understand. The non formal ambience combined with the beautiful and charming Jessice Walker make this educational video much enjoyable to view and learned. Maybe in the future, You can try a story telling approach for an educational video. I believe the information can be delivered in more entertaining way. Thank You very much...

[@abdelnasserkamal5931]

Nice 👍☺️☺️

[@GERARD15051]

LOL. These guys don't even know Jessica Walker is a journalist and has her own KZbin channel. 😅

[@CoinMarketCapOfficial]

She does, make sure to follow her too! 😎

[@georgebest8524]

Sweet

[@alexanderroebuck3764]

I would watch this women explaining paint dry. Holy shit she is attractive.

[@masongregory2387]

AHHAHAHAHA I've got 3 minutes left and have absolutely no fkn idea what she's talking about... been tryna figure what her accent is this whole time... 😅

[@OudInstrument]

so currently. if there is a company buying a product and didn't like it, or want to return it, actually the transaction is backed by Visa and the giant platforms that you don't like, on web 3 if we ordered something and we paid for with crypto and didn't get it, who will bring our funds back, you?

[@deewak4797]

⚠First iphone was 2007 not 2017

[@johamoors6345]

Ocean protocol 🚀

[@ebukaogu614]

Thanks for the video throughout the video you have been telling us about the advantages of Web3.0 and I really appreciate So please can you please tell us the Disadvantages of the Web3 and the problems it will come with

[@Kennyplays04]

VC's

[@ojoemmanuelgbenga8984]

Nice project

[@jobbus22]

I like this spokes person but she did say that first iphone was released in 2017 @3:33. Everybody knows, it was released in 2007. Anyways, this is good video about web 3 and pleasant video to watch.

[@CoinMarketCapOfficial]

Or maybe it was 2017 😏 Jk Great catch! Thanks for watching!

[@dabeatboxer83]

Shows you were paying attention 😀

[@wessmithp5560]

Shoot the copyrighted 😂 we all know it was a mistake so who really cares;)

[@blueballs3558]

Hottest youtuber hands down man …. 😍

[@rexemon1598]

Good project

[@deepoceanbluesky8706]

Info was great My new teacher is gorgeous.. Xxx

[@khangmai4680]

to people who can’t understand her accent, there are subtitles…

[@samuelkhongsai7180]

I would love to invest in web 3

[@JefriNewbie]

eternal privacy protection alone

[@ayoubjebbar7468]

👍👍

[@hendroPurelight]

WEB 3.0? Yes, I'm in! 👍

[@sergep4303]

veve the best nft / metaverse project so far they partnerships including: disney, usps, marvel, spiderman, DC, batman , powerpuff girls, superman, cartoon, networks, adventure time, coca cola, etc

[@elonmusk5411]

Future is here 🔥🔥🔥

[@abolfazldehghany4681]

Good

[@edoardostazio5999]

Firts iphone in 2017 ? Did you understand one word of what you said or just read the script all the way through?

[@OCDRex11]

Good, there is one smart person left (like me). Completely ridiculous that even made it in an edited video let alone a "tech" person reading it. Sad.

[@rahulkushwaha257]

I loveits you videos

[@metasourcegames]

I’m not sure this is definition of web 3 is popular. Decentralized yes, but I think most are betting it will still be dominated by larger companies expanding with the use of decentralized contracts and defi. Although many of these next “big companies” are start ups being created now.

[@mohammad.k2487]

Goood

[@baaffiliate3594]

Did anyone notice at 3.33? She said "so since the release of the first iPhone all the way back in 2017" ermmm. Does she actually know what she is talking about?

[@stephendunning1510]

None of this will matter without a new operation system that is truly decentralized that these applicants can run on.

[@cristianchitaru7246]

Please welcome Linux. Its open source.

[@Judescodg]

I'm fully in support Go WEB 3.0

[@laszloberndt]

The young talking woman head said the "since the release of the first IPhone all the way back in 2017" is flash. The release date is June 29, 2007.

[@marslanaslam4356]

Nice web 3.0

[@mikecat4424]

web 3.0 = web 2.0 with a fee the user pays for using anything that was mostly usually 100% free in web 2.0.

[@Norseman311]

Nothing is free

[@wydadiyoun]

But who will store the data? and what if a participating node disconnect? will there be another node having his data? if so this just double or triple the amount of data needed to be stored, which makes it even more unpractical to store the data! There should be a huge incentive to keep the nodes participating, most likely in form of payments from end users which is not cool

[@petartomic9783]

Everibody holds a copy of data. That way majority can decide which data is correct, so no tampering. For holding the copy of the data or also called "node" you get rewarded by lets say facebook token. There are many algorithms out there, don't worry.

[@ValentinMircea]

@@petartomic9783 Everybody holds my data and then a majority decides how my data looks like??!! No, thanks!

[@wydadiyoun]

@@petartomic9783 everybody holds a copy of data???? if everybody can hold my data + others' data then how come I cannot hold my own data, what you are saying sounds like a fantasy. Moreover as data is encrypted, my encrypted is just a waste of storage for the nodes (unlike torrents)! I am not worrying at all, I just find this silly and completely unpractical!

[@petartomic9783]

@@wydadiyoun nah man, you don't understand. Big company can tamper with your data, they can sell it to other people. You are holding everythinf on one place. With blockchain you have data on multiple servers is world, and then if one one server tries to tamper data or change it, the rest of servers will discard it as a member.

[@petartomic9783]

You will be also having a chance to earn money by maintaining blockchain. What you don't want to make money doing that?