Technology is constantly evolving, and people who do not stay ahead of the learning curve quickly get left behind. These technological advancements are sporadic, characterized by intermittent periods of rapid growth and steady consolidation. Technological advancements have made huge strides in the last couple of years, especially in the blockchain industry, with Web 3.0 emerging as one of the next steps in blockchain evolution.
Web 3.0 continues to divide opinions for many reasons, but it ranks high on an exclusive list of words that could get you an audience in any board room. A decentralized web built on the core principles of blockchain technology — who wouldn’t want a slice of that pie? However, like many blockchain innovations, very few people understand what these buzzwords really mean.
This perennial deficit of knowledge and skill inspired Forward Protocol to deliver the toolkits to make blockchain adoption easy, straightforward, and rewarding.
Web3 (also known as Web 3.0 and sometimes stylized as web3) is an idea for a new iteration of the World Wide Web based on blockchain technology, which incorporates concepts including decentralization and token-based economics — Wikipedia.
Unless you already understand the World Wide Web, blockchain technology, decentralization, and token-based economies, your chances of understanding Web 3.0 are pretty slim.
Looking at blockchain technology through Forward Protocol’s lens helps simplify things, including Web 3.0.
- Web 3.0 is the internet hosted on the core principles of blockchain technology.
- Decentralization means that the internet will be without central authorities, intermediaries, traditional restrictions, and central databases.
- Web 3.0 will not be so different from the internet as you know it now. The difference is in the underlying technology.
- Your Web 3.0 wallet will be your portal to access this new version of the internet.
- The token-based economy means that you can buy, sell, trade fungible and non-fungible tokens, and manage digital assets from a single interface through which you interact with the World Wide Web.
This brings us to our final point.
There was a time in the past when the average Joe could not easily navigate the internet until AOL appeared on the scene. Their vision was literally in their slogan — talk about bullish. Their business model showed that you don’t need to be a bird to fly; you don’t need to be a programmer to use the internet; you don’t need to understand how a combustion engine works as long as your car works.
The same logic applies to Web 3.0. There’s already so much going on, and it would be impossible to keep up. Blockchain and Web 3.0 will benefit from its AOL-analog. A solution that finally solves the usability problem and allows the average Joe to use these technologies without first reading volumes of literature and becoming an expert.
That is what Forward Protocol provides. Through Forward Pay (the wallet) and a corresponding Forward ID, users already have a simple interface to interact with Web 3.0 applications and all the opportunities it offers.
As of the time of writing, Web 3.0 is still in its development phase, and its full potential remains unclear to even blockchain experts and enthusiasts. So, if you still don’t understand what it is, no need to panic. If you never fully understand what it means, it does not matter because you don’t have to — Forward Protocol has you covered.
And if you are reading this, you aren’t missing much. Web 3.0 is still in development, and Forward Protocol will be here when you need it.
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About Forward Protocol — Forward Protocol uses an easy-to-use WordPress-like model to facilitate a no-code environment that users can use to deploy their blockchain applications without technical knowledge. Forward Protocol has elements of NFT, DeFi, Gamification, AI, ML and Social Tokens inbuilt that connect the value-driven economy. Applications and smart contracts from Forward Protocol can be deployed on any EVM compatible chains in one click. Forward Protocol is cross-chain compatible, industry-agnostic, and adoption-focused, with an ultimate goal to fast-track mass adoption of Blockchain Technology.