What is Web3

 Evolution of the internet

The internet has undergone tremendous growth since it came into being. What the internet looked like 20 years ago is totally different from what it looks like of late. Starting in the later part of the 20th century in the mid-90s as a way for governments and some institutions like universities to communicate, the dawn of the 21st century changed the internet forever. People now realized the internet could be used for other activities other than only connecting computers for research needs, local area communication, or for government use only. Other utilizations of the internet started coming in. If you are a fan of investments and the internet then you might have heard of the prominent dot com bubble. The dot com bubble is a popular cliché in the digital world and explains how the internet started to explode with massive adoption. Since then,

 

Web 1, Web 2, Web 3

Web 1.0, also known as web1 represents the very first websites that were created. These early websites were mostly hosted by centralized systems - large servers, with some being hosted by individuals on the personal computers. The contents of web1 were mostly read only and users had no proper interaction with these contents. Many tech writers refer to this era as the static page era. Ensuing this was then web2, or Web 2.0, which brought user interaction into the web space. This became more popular and amazing to use because users for the first time had the chance to engage with the internet. Examples of popular web2 interventions that massively boosted adoption of the internet include social networking apps like Facebook, Twitter, YouTube, web applications (Google Docs, Flickr), blogging platforms like wordpress, etc. All these platforms encourage user interaction with the world wide web. Web 3.0 is the latest addition to the evolution of the internet and involves users getting rewarded for their web 2. 0 interactive activities. The value generated from the web1 and web2 have been for the owners only. Web3 ensures everyone engaging with the internet takes a share of the huge market value. Web3.0 is also not just about the distribution of money generated only, but also puts user data and web content into users’ hands.

Step App as a great addition to web 3

Several web3 developments have come into the digital world and its adoption is gradually increasing. Blockchain and cryptocurrencies are the first web3 interventions that make the web3 motives attainable- decreased centralization, value generation which is shared by developers and end-users and so much more. Several apps have been developed in web3- play2earn games, DeFi, FitFi and others. StepApp is a recent development in the space that seeks to bring web3 to fitness applications by ensuring users gain value from being physically active.