Parsing the paradigm shift in the Web 3 economy

As one of the most important Western philosophers of all time, Aristotle once said - "Man is by nature a social animal".

Since the birth of society, human beings have tended to live and grow together in self-communities, and by their very nature, we always want the best things and qualities for our family, friends, and relatives.

Humans used to live in small villages, strategic locations where locals could trade value and information with others, but over time these villages evolved into urbanized towns with rapidly growing populations.

At the same time, these places are also the front doors for all those who live nearby and are willing to trade value and information with their fellow citizens.



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The world is evolving at a time, and societies are beginning to converge on a global scale, which has allowed many large companies to jump out of their home spheres and conduct global trade around the world. Then, ordinary people were left out at the time, until the internet came along in all its glory.

As the World Wide Web matured and advanced so that ordinary people could participate, the advent of Web 1.0 and its evolutionary Web 2.0 also paved the way for the digital realm.

From 1992 to 2004, we witnessed the Web 1.0 era, when most online web pages were static, or as the online community at the time called them - "read-only" pages.

Then social media came along, user habits changed, and web pages started collecting user information and then serving them information based on their tastes and interests. This is the beginning of the Web 2.0 era from 2004 to the present.

With Web 2.0, people can trade information and value, but they do so through third parties, although it remains a big driver of globalization. The problem with Web 2.0 is the abuse of user information and privacy, resulting in high intermediary costs.

All of this brings us to Web 3.0, which is mainly about reversing all these unnecessary problems.

01. Paradigm change
Web 3.0 enables a future where distributed users and machines are able to interact with data, value and other counterparties through the bottom layer of a peer-to-peer network without the need for a third party. The result: a composable human-centric and privacy-preserving computational fabric for the next wave of networking.

In simple terms, this essentially means that the online paradigm has changed, the main goal of Web 3.0 is to make the user the owner, not the product, and this is achieved through the use of decentralization to avoid third parties and the use of encryption to protect data of.