Web 3.0 - Everything You Need To Know About Web 3.0

Web 3.0

Crypto Rishi

2 months ago|11 min read

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Welcome, we are going to answer a bunch of web 3 questions that are frequently asked, such as what will the future of web 3 look like? how is web 3 better than web 2? How much does a web 3 Developer earn and how hard is it to become one?

1) Web 3.0

 So, first off what is web 3? Web 3.0 uses the technology of Cryptocurrency alongside the current protocols of web 2.0. Now, if that was too simple, basically web 3 integrates Cryptographic keys to prove ownership of certain digital assets like websites or game items, or personal information, that’s shared on the internet.

2) Web 2.0

Now the next question that usually comes up is people say what’s so bad about web 2.0. Apart from centralization, web 2.0 is great, which is why we’ve used it for so long. What most people call web 3.0 didn’t start entering the public thought until around a year or two ago, with the surge of other new technologies like Crypto and defy.

3) Emphasis on Privacy

However, as many users are becoming educated on the downfalls of centralization, they see web 3.0. As a solution to avoid big corporations dominating the world, the main concerns of web 2.0 are that big data companies are constantly collecting and mining information about you so much so that they may know more about you than you do, even though this data is anonymized. If someone could connect this data to you, many people would be concerned. One of the big concepts of web 3 is online privacy and owning the information that you give to these big corporations.

4) Asset Ownership

For example, when you use Google or Facebook you’re giving up all kinds of data that you may not even be thinking about from the amount of time that you use an app to the location that you use it, your data may even be connected with other people around you and their accounts, basically associating you with them, or maybe your account can be tagged with things that interest you like, camping or chess, or maybe a pet that you own. Some of the technologies of web 3 are helping to reduce this so that we have more privacy online. The next problem is what problem is web 3.0 solving. So, as I just said, the two problems that web 3.0 is solving are mostly personal privacy and asset ownership.

5) Examples

Now I’m going to cover both of these quick, basically, instead of being attached to an email address, I could instead be attached to a specific wallet address or even a domain that points to a wallet address from which all of my actions on the internet have to be confirmed by me. Nobody else could fake my transactions or social media posts or share things or act as me unless they had my private key, since it’s really easy to create a private key and thus a new address. Web 3.0 allows people to create many different online identities very easily, and the goal is not to have one company like Google be able to track your every move. In all honesty, this topic probably deserves its article now.

The second part of the web 3.0 revolution is asset ownership. So what if you could choose who you sold your private data? Maybe you have a backlog of a bunch of search history? Well, normally, Google would just take this data that you typed into Google and then sell it to advertisers without even asking you what, if you could instead sell it to companies that you wanted to and generate revenue from that like ten dollars or a fifty dollars.

6) Data Privacy

For a monthly payment, for example, maybe you only wanted chewy.com to see your browsing history, or maybe you only wanted amazon.com to see your purchase history well with web 3.0. This could be possible. You could choose who you sell your data to and for how much. Another really interesting question is: will everything be web 3? There’s a ton of hype around web 3 on things like Twitter and the simple answer is not everything’s going to be web 3 and it shouldn’t be web 3. So one of our biggest problems in the world of Crypto is people finding something cool and then going Oh, my goodness people are going to use this.

In reality, nobody wants their coin or their token or their NFT, or even worse, nobody needs it, and since nobody needs it, what it is a solution to a problem that doesn’t exist well with web 3. It solves a specific problem and a big part of that problem is ownership of web assets. Whenever you make a tweet twitter owns it. Whenever you share a link on Facebook, Meta owns it. Whenever you post a video on YouTube, Google technically owns it. Now, I know it’s my content; I created it, but guess what Google can choose to delete it? They can choose to show it to a billion people and if they wanted to – and they do choose to give me money so that I am incentivized to continue to make more articles. Google can do that even scarier. Google could take this article and change it.

7) Ownership in Web 3.0

They could change what I say well. The technology of web 3.0 makes it so that I truly own this piece of web content, not the publishing platform, and one of the ways that it does. This is through the use of an immutable Blockchain. But if I started talking about that, this article would get technical quickly. Another problem that web3 solves is related to digital identity.

8) Digital Identity

Now there is a very large part of the web where the ideas of privacy and asset ownership will not be wanted or needed, and because of this, they will not involve web 3. For example, I don’t need to prove that I own a dog or who I am simply by using Google to view. How much should I feed my dog, I mean, if just browsing privacy is what we’re after, we can reach a decent amount of web privacy without the web 3.0 tools, simply by using a web browser like brave or chrome, with a few extensions or if we wanted to get technical, something like tor. What it comes down to is that most of the web traffic includes people searching for information like what food to feed their dog, how much water is in a pool, or what a Blockchain is. Its basic educational information and the tools that web 3 offers don’t add any extra value to that experience.

9) Web 3.0 Uses

They’re not solving a problem related to that think about it like this web 3 will mostly be used for platforms and tools that you originally used. An email address and password for instead of using those instead, you will now use a public and private key to sign and verify things like banks, social media, and email accounts. These are the specific places where web 3 will shine because there’s a problem and the problem is that these companies have your data and they’re selling it and that’s what web 3 is intending to solve.

But if you think about it, the companies out there that web 3.0 works well with you know the bank, social media, and email accounts. Those companies don’t want web 3; because it’ll take away their revenue sources so think about it. Facebook is a company that wants profits, so it’ll only integrate web 3.0 if it makes the company more money. In reality, digital ownership usually refers to people owning their data, which isn’t exactly Facebook’s track record.

So they’ll probably want to look like they’re, letting you own your data, without actually giving you control even more so, do you think Google wants to get rid of their billion-dollar advertising machine because Google’s ad tracking and the online privacy of web 3 don’t mix well. So the answer to the question will everything be web 3? If not only a few things will be web 3 and the things that will turn into web 3 applications will be fighting mega corporations anyways.

10) Web 3 - a boom?

Let’s get into the question: will web 3 make me rich? So it is my personal opinion that web 3 is very similar to the dot-com boom, where new technology is being established and right now there are a lot of silly things out there.

Do I think my children will be staking their NFTs or logging into their fridge with a public key, probably not, but do I think this is the beginning of a decade that will change a lot of how the internet works? Yes, so back to, if web 3 will make you rich using statistics, it will probably not. However, if you’re one of the very few Developers who create something that serves a lot of people and adds value to their life or makes them happy. It will be very likely that you’ll be paid in proportion to the value that you create for them. In most cases, being early to web 3 won’t make you rich owning your data and selling it to another company, probably won’t bring you fifty dollars a month. It’ll probably bring you in about three dollars. So if you want to get rich with web 3 you’re going to have to put in a ton of work and thought behind it, because there are tons of people out there chasing the same money who may be smarter or harder working than you.

11) Web 3 Developer

Speaking of that, let’s move on to talking about being a web 3 Developer. So I get asked this question a lot. How hard is it to be a web 3 Developer? The question is a really interesting one and it’s one that’s difficult to answer so being a web 3 Developer isn’t an easy or a hard question. It’s more of on a spectrum. I mean it’s really hard to be a great 1 percent web 3 Developer, but it’s pretty easy to be an average web 3 Developer. You just have to have a little bit of background in programming. The switch from regular programming to web 3 programming isn’t difficult. It’s just learning a few new ideas, concepts, and syntaxes.

On the other hand, if you have no experience in programming logic or creating any of your web applications, even if those applications were simply copied from a tutorial, there’s going to be a pretty decent learning curve. And it’s going to be more difficult than if you already know another programming language. Once you understand basic program logic, how syntax changes among different languages, and how to Google stuff to make it work, you could probably learn with some homemade projects fairly quickly about how to be a web 3 Developer. It’s not that difficult to be a web 3 Developer, but it’s really hard to be a great web 3 Developer. Next, let’s get into one of the longer questions. What does a web 3 Developer get paid? So recently I’ve had the privilege of talking to a ton of web 3 Developer themselves. I mean to answer this question. What I could do is I could copy some data from indeed or salary.com, and share what they’ve collected or I could even go so far as to go to Reddit and spit out the same information.

12) Web 3 Developer’s Skills

But in this article, I wanted to share some real-world examples of what web 3 Developer get offered. I can say that I’ve seen a wide range of salaries out there. Some are for short-term two thousand dollar gigs, while others have been offered a hundred, sixty thousand dollar salaries. Now the salaried positions are usually the best jobs because they include a steady income and you get to continually improve your code, while the smaller gigs have hard deadlines, and often the code base requires updates either way your salary as a web 3 Developer, I’ve noticed has come Down to three main levers: the first is your skill level, and this is simply how good of a Developer you are. Surprisingly, this one matters, the least at least from what I found you just have to be good enough to land the job.

Secondly, is the list of projects that you’ve worked on and can show so it’s kind of like a portfolio? It’s really important to be able to show that you’ve worked on past products, as most employers won’t want to take a chance on a new Developer when they could instead pay a little bit more to an experienced Developer working on a similar project. So, lastly, after having skills and some experience, the lever – that’s most important – is your ability to market yourself. So a large percentage of the people that I’ve talked to that got web 3 jobs either got them from Twitter or LinkedIn.

13) Web 3 Developer’s Salary

Your ability to market yourself as a good, experienced, and interesting Developer is just as important as actually being a good, experienced, and interesting Developer. Again, I can’t give you really specific numbers on what a web 3 Developer earns, but I can say that the better resume you have and the better you are at marketing yourself, even if you’re just an average programmer, your income opportunities will greatly improve just so. I've collectively answered this question: it’s fairly easy to get a 60 000 a year job in the world of web 3. An average web 3 job, is usually composed of around 100 000 a year. And if you nail all three points that I just mentioned, you could score yourself a 250 000 a year job. If you’re interested I’ve left a link below to a place where you can check out the current minimum and current maximum web 3 salaries. Now, of course, there are going to be outliers of people who go out and develop their tools or protocols as a form of an entrepreneur, and those people are going to earn millions of dollars per year.

14) Future Ahead

Many say the years 2020 to 2025 will be the so-called early years, where Developer are still working out, bugs and perfecting the user experience. I mean, if you think about it. The internet only started to catch on a mere 20 years ago. So it’s easy to see how quickly this technology can grow in advance. The last question I have is: what will it take to move everyone to web 3.0? Some people around the world don’t even have reliable internet access.

Yet so it’s going to be very difficult to answer this question to many claiming a Crypto domain is a good first step of ownership in the web 3 space, although it’s technically not required as this technology evolves and it becomes clear how much better it solves certain Problems, it will probably take time and an easier user interface to see mass adoption, I’m in the Crypto space currently, so it’s really easy to look around and see a ton of people using it. But when I look at my family and friends, quite a few of them have not even heard of defy, which is a core pillar of web 3.0.

Thank you for reading.

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Crypto Rishi

Hi, I am an anonymous crypto guy. I am trying to exchange knowledge and build a community around crypto and blockchain. Find all the informational content about crypto and blockchain on my Feeding Trends blog here. If you like the content follow me to get a regular updates.

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