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June 17, 2023, 10:42:38 PM |
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What is Web3?
Web 3.0, also known as Web3, is the third generation of the World Wide Web. Web 3.0 is meant to be decentralized, open to everyone (with a bottom-up design), and built on top of blockchain technologies and developments in the Semantic Web, which describes the web as a network of meaningfully linked data.
Web3 gives you ownership of your digital assets in an unprecedented way. For example, say you're playing a web2 game. If you purchase an in-game item, it is tied directly to your account. If the game creators delete your account, you will lose these items. Or, if you stop playing the game, you lose the value you invested into your in-game items.
Web3 allows for direct ownership through non-fungible tokens (NFTs). No one, not even the game's creators, has the power to take away your ownership. And, if you stop playing, you can sell or trade your in-game items on open markets and recoup their value.
Core ideas of Web3
Below are the core ideas of wev3
1.Web3 is decentralized: instead of large swathes of the internet controlled and owned by centralized entities, ownership gets distributed amongst its builders and users.
2.Web3 is permissionless: everyone has equal access to participate in Web3, and no one gets excluded.
3.Web3 has native payments: it uses cryptocurrency for spending and sending money online instead of relying on the outdated infrastructure of banks and payment processors.
4.Web3 is trustless: it operates using incentives and economic mechanisms instead of relying on trusted third-parties.
How do I get into Web3?
There are various ways to gain Web3 skills, as mentioned in the section below.
1.Follow seasoned blockchain and crypto influencers on Twitter
2.Subscribe to crypto newsletters and YouTube channels
3.Join a Web3 developer DAO or a Discord server
4.Enroll in Web3 developer or blockchain-related courses
Ways to Earn Money through Web 3.0 Applications
Below are the ways to earn money on web 3.o applications
1.Make Money on Web3 with AirDrops
2.Earn Money Playing Games on the Web
3.Sell Your Data for Money
4.Make Your Own Money
5.Possess NFTs
6.Take Advantage of Centralized Credit
7.Profit from the Metaverse:
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