Pizza, mutant apes and a sea of NFTs: Web 3.0 is here
ABC News
Some say that Web 3 with NFTs and the metaverse has the power to transform the internet and society for the better, but is it all hype?
Like people, the internet can be classified into generations. Web 2.0 (or, Web 2) is the internet most are familiar with and is often referred to as "the social web."
It's an environment that emphasizes user-generated content, as opposed to content posted by others and in one expert's definition is "dominated by companies that provide services in exchange for your personal data" -- companies like Facebook and Twitter.
One tempestuous U.S. presidency and a pandemic later, the world also witnessed how easily Web 2 technology could be manipulated -- bots, lack of granular moderation on social media and anonymity on social media platforms, all helped contribute.
Extremists and foreign actors used the applications that define Web 2, namely social media and messaging apps, to spread misinformation, disinformation and help sow unprecedented political polarization.