Web3 lacks enterprise-level security solutions and there are new challenges of web3 that makes it prone to hacks. The Web2 that we have nowadays, is highly centralized in the hands of big corporations, but this is rapidly evolving to Web3. At the same time, the Metaverse is how the internet or virtual worlds will merge and integrate into our lives so that we will be able to interact with it seamlessly. The metaverse can be called Beyond Universe, a world which could have been called dystopia only till recently. This would bring into convergence most of the technologies, currently propelling our digital and business world. They would move to the next phase at scale, moving from 2D to 3D, persistence being the bedrock, interoperability being the norm, where ownership of various types inclusive of data becoming the predominant characteristics of the Metaverse age. Meta is defined as the world of avatars in the same setting that the normal world provides. Coming from the gaming tech thought process, we are barely at the cusp of the nascent Metaverse Age.
Web 3.0 is a concept for the next generation of the internet. It is the evolution of how users are able to control and own their creations and online content, digital assets and online identities. As we find AI seeping in different parts of our lives, the term Web 3.0 has also found its space on the shelf, and Apple’s Siri, Amazon’s Alexa, Google’s Assistant with their voice recognition software is one of the perfect examples of it. These voice assistants are now integrated with smart everyday home devices, which are transforming the way humans interact with or use them. Web 3.0 is initiating a digital revolution that will make manual communication techniques a thing of the past and will introduce an ecosystem where no one organisation or platform will be able to control your actions on the internet, a much needed upgrade to the current scenario we are in. Whereas, Web 2.0 is what we are experiencing at the mom.
Web3 lacks enterprise-level security solutions and there are new challenges of web3 that makes it prone to hacks. The Web2 that we have nowadays, is highly centralized in the hands of big corporations, but this is rapidly evolving to Web3. At the same time, the Metaverse is how the internet or virtual worlds will merge and integrate into our lives so that we will be able to interact with it seamlessly. The metaverse can be called Beyond Universe, a world which could have been called dystopia only till recently. This would bring into convergence most of the technologies, currently propelling our digital and business world. They would move to the next phase at scale, moving from 2D to 3D, persistence being the bedrock, interoperability being the norm, where ownership of various types inclusive of data becoming the predominant characteristics of the Metaverse age. Meta is defined as the world of avatars in the same setting that the normal world provides. Coming from the gaming tech thought process, we are barely at the cusp of the nascent Metaverse Age.
Web 3.0 is a concept for the next generation of the internet. It is the evolution of how users are able to control and own their creations and online content, digital assets and online identities. As we find AI seeping in different parts of our lives, the term Web 3.0 has also found its space on the shelf, and Apple’s Siri, Amazon’s Alexa, Google’s Assistant with their voice recognition software is one of the perfect examples of it. These voice assistants are now integrated with smart everyday home devices, which are transforming the way humans interact with or use them. Web 3.0 is initiating a digital revolution that will make manual communication techniques a thing of the past and will introduce an ecosystem where no one organisation or platform will be able to control your actions on the internet, a much needed upgrade to the current scenario we are in. Whereas, Web 2.0 is what we are experiencing at the mom
Technology video | 132 views
#VikramMisri #Web3 #NSA
Web3 - the next evolution of the internet
The internet that connects the global network of billions of interconnected computers and other such devices is single-handedly responsible for impacting the everyday world around us. We already live in a virtual world.The internet has blurred the line between reality and virtual space. The current iteration of the internet is still seeing many advancements with each passing day. Experts postulate that the next version of the internet will be more sophisticated and intelligent than the current one. Tim Berners Lee labeled web 3.0 as the semantic web. Now Web3 is to take the world wide web as we know it and add blockchains – the technology behind cryptocurrencies like bitcoin – to everything. The proponents of Web3 say it is now dominated by big corporations and proprietary algorithms. The primary idea behind Web3—the term was coined in 2014, by Gavin Wood, it will be based on the same blockchain technology that powers things like cryptocurrencies and NFTs. Blockchains are essentially incorruptible digital ledgers that can be used to track the movement of digital assets. Just as cryptocurrency in theory bypasses central authorities such as banks, Web3 would also bypass the central authorities we know as Big Tech. It is all about A paradigm for the Internet and this is where Web3 comes in. The last two decades have proven that building a scalable system that decentralizes content is a challenge. While the technology to build such systems exists, no content platform achieves decentralization at scale.
Web 1.0, the modern-day internet was a military computer network called the ARPANET. Its development was funded by ARPA, a branch of the U.S. Defense Department in the latter half of the 1960s. Whereas, Web 2.0, first named in 1999, saw the development of easy-to-use tools that let anyone create content online, not just experts, but at a cost of centralizing into the tech giants w
Technology video | 78 views
Security will always come first, but user experience will come close second. We are onboarding the next wave of users to Web3. Web3 is a new iteration of the internet that harnesses blockchain to “decentralize” management thus reducing the control of big corporations, such as Google or Meta, and making it more democratic. Web3 aims to solve many of these shortcomings by fundamentally rethinking how we architect and interact with applications from the ground up. The Web3 economy will change how we create and transfer digital value: it will alter the lives of citizens, creators, artists, entrepreneurs, businesses… changing our world for the better. We’re still in the early days of a major technological revolution. Web3 draws its name as the third iteration of the internet. It gained traction, however, in 2021 with the proliferation of blockchain technologies, expanding NFT markets, venture capital investments and ongoing calls to reign in the power of big tech. The current internet, Web 2.0, relies on systems and servers owned largely by big corporations, raising concerns over system vulnerability and control. When Meta’s associated platforms suffered a global outage in early October – exacerbated by the centralization of its servers – there were calls to adopt Web3 and its decentralized architecture.
Web 3.0 is the game-changer for India in every industry possible in the near future. There is a low domain penetration in India that is calculated by the number of domains owned by a country divided by the number of internet users. It has been observed that the domain penetration in India is only 0.6% meanwhile, the USA has 43%. But the USA ranks third after India as per the total population rate. Still, India’s domain penetration shows much less than that of the USA. It is due to multiple reasons such as the proper utilization of the internet, per capita income, and many more. In a Web3 world, activities and data would be hosted on a network of computers using
Technology video | 84 views
The NFT Marketplace has exploded into the mainstream recently. This is because of incredible blockchain technology that promises to remake the internet and redefine how people think about ownership. The fact is NFT has the technology that existed then can seamlessly and flawlessly track authenticity and provenance in a decentralized, tamperproof manner. All this talk about Web3 can be a little disconcerting. After all, most of us are still adjusting to the new socio-political reality that social media created, so the thought of a new version of the internet can be overwhelming. Whereas, the NFTs shift, made the crypto paradigm by making each token unique and irreplaceable and thereby making it impossible for one non-fungible token to be equal to another. This is because they are digital representations of assets and have been likened to digital passports because each token contains a unique and non-transferable identity to distinguish it from other tokens. The world of crypto-bros and digital creators is no longer limited to non-fungible tokens. Luxury brands are also joining the fray by 2022. Taking advantage of the value that NFT ownership provides as well as the technological innovation they offer, a growing number of brands are partnering with market-places, crypto-artists, and other NFT-experts.
Web3 is a world-changing opportunity to make a better version of the internet and wrest it away from the behemoths who control it today. Web3 will make some people a lot of money. But many other people will lose their shirts. At the same time, NFTs are valued by market demand, and their individuality often drives this value higher. It’s the same principle the luxury industry uses, such as Hermès’ limited edition Birkin bags that drive a frenzy about obtaining them. So much buzz is being generated around their potential explosive combination partly because NFTs and luxury goods are both based on scarcity. It is also worth exploring whether NFTs can help r
Technology video | 68 views
With advancements in technology, games have become more accessible and immersive than ever before, attracting people from all walks of life. The Gaming Market was valued at $198.40 billion in 2021, and it is expected to reach a value of $339.95 billion by 2027, registering a CAGR of 8.94% over 2022-2027.
Today, gaming has become a keystone in the entertainment sphere – replacing TV and even movies in key demographics. Constant innovation and technological advancement such as 3D graphics, VR, and AI that video games are continuously evolving and players want more realistic, fully immersive simulation for their gameplay.
Mixed-reality experiences, #Blockchaintechnology, NFT, and virtual worlds like #Metaverse are what web 3.0 would mean for the consumers. Hence, gaming companies have already started to work towards these advanced technologies for a better consumer experience in the gaming space.
Despite its popularity, this booming industry still faces many challenges such as guaranteeing fair play models and creating effective payment systems. Luckily, upcoming technologies like blockchain are gradually solving these pain points.
At its core, blockchain tech introduces decentralized and secure solutions that can be used to power a wide range of functions within the gaming industry. Most notably, non-fungible tokens; these are unique digital assets that can be traded and sold on secondary markets without third party interference.
Unlike the centralized traditional gaming ecosystems, NFTs allow gamers to truly own their virtual items and to participate in decentralized tournaments with minimal risk of fraud or tampering. Will the next era of games be hosted on blockchain?
Going forward, it is likely that most games will pivot into the metaverse. It is a new platform and a new application type, similar to how we talked about the web and websites in the early 90s. This explains why tech giants such as Microsoft and M
Technology video | 119 views
In India, #cryptocurrency, metaverse, and non-fungible tokens or NFTs are the most popular and desired fields for a Web3 career. Indian users interested in working in Web3 show a stronger passion for #metaverse, NFT, and blockchain-based gaming, over-indexing the global average.
As per KuCoin, the finding unveils details about India’s promising talent pool that bears the potential to lead the world in the Web3 space. The youth is fuelling the future of Web3 in India and Indian Web3 professionals are younger than their global counterparts.
72% of #Web3 professionals in India are very happy with their careers so far, recognizing the industry’s benefits such as space for growth and innovation and better welfare. Additionally, 60% of surveyed Indian users who never worked in Web3 are very interested in exploring the career, mainly motivated by space for professional growth and a better salary package in the industry.
The report flagged the shortage of women-led communities, educational resources, and the stress of fast-paced industry as key challenges for Indian women to work or invest in Web3. As per the survey findings, Indian youth have huge potential in disrupting the Web3 space.
However, it has been noticed that there are fewer women-led Web3 communities as compared to male. The survey also shows that many women are hesitant to engage in Web3 due to perceived limited access to related educational resources and potential stress from the fast-paced industry.
Today's Headline in NewsHours
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2:19 PM Modi launches India International Bullion Exchange in Gujarat
3:01 India playing significant role in Apple’s revenue growth, says Tim Cook
3:36 #PhonePe acquires Indus OS
4:07 #Microsoft found Raspberry Robin malware used for Evil Corp attacks
4:47 MIT Researchers develop ultrasound stickers
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India has over 450 active web3 startups – a rapidly growing ecosystem that has raised $1.3 bn funding till April 2022. This new generation of the web is expected to bring new avenues for websites and applications that are based on the utility offered by blockchain technology.
More than $3.8B has been poured into startups in the Web3 space — which includes the metaverse, cryptocurrencies, blockchain technology, and plenty of augmented reality features. The goal of Web3 is to move towards a decentralized internet, and away from larger tech players currently in control.
While global response to Web3 is still shaping up, India’s growing economy, demographic dividend, and exponential adoption of emerging technologies, across sectors, position the country to become one of the highest growth markets for Web3 globally. In the last two years, Indian Web3 startups have grown to a 450+ community, with 4 unicorns, raising $1.3 billion of total investments, until April 2022.
Between 2021-2022 alone, India registered over 170 new Web3 startups, yielding over 50% CAGR growth since 2015. With increasing confidence and interest from global investors, investments in Indian Web3 and Web 2.5 startups have also soared. The sector has witnessed robust funding across stages. New age incubators have pooled in over $587 million funding, as of Q32021.
Today, nearly 75,000 blockchain professionals are actively employed by the tech industry in India. Active collaboration between academia, startups, and corporates, and increasing number of blockchain-related government initiatives, will play a crucial role in driving the Web3 talent growth in the country, as per the report of NASSCOM.
Experts say, the technology underpinning Web3 has created a whitespace for innovation across domains and geographies. In order to fully understand and grasp the significance of the opportunity at hand, India must develop public awareness about this innovative technology
Technology video | 83 views
Web3 and the Metaverse have the potential to create significant opportunities across various industries, including India. It's evident that these technologies can contribute to economic growth and innovation in the country. The Metaverse is poised to become a $13 trillion opportunity globally by 2030 and Indian Web3 and Metaverse market to reach $200 billion by 2035.
Web3 and Metaverse are two emerging concepts that are rapidly changing the digital landscape. Web3 refers to the decentralized web, powered by blockchain technology, that allows for secure and transparent digital interactions. On the other hand, the Metaverse is a virtual reality space where users can interact with each other and digital assets.
The report was built on an in-depth analysis of the Web3 and Metaverse possibilities for India with relevant use cases and delves into the potential impact in growth sectors. The report outlines the role of Web3 and Metaverse in building the next version of the Internet and leading the frontiers of the next wave of digital adoption for Indian industries.
Today's Headline in NewsHours
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2:55 #Apple denies working with US to spy on iPhone users in Russia
3:32 More startups approach court as Google's 'notice' of June 8 deadline draws closer
4:11 #Dangerous spyware found in over 100 apps on Google Play
4:43 #MeitY transfers Li-ion battery recycling tech to 9 recycling companies & startups
5:25 Nvidia launches Neuralangelo that can use 3D models from videos
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Amazon Looking to Hire Web3 Staff for Its Cloud Services #shortsvideo
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WEB3ONTHESEA launches Ground-breaking Platform to Catalyze Web3 Revolution in Goa
WEB3ONTHESEA, a pioneering initiative aimed at facilitating, educating and incubating the Web3 revolution in Goa, was officially launched today with the support of the Department of Information Technology, Electronics & Communication, Government of Goa. The platform envisions creating a dynamic ecosystem for investors, entrepreneurs, professionals, technology partners and students, positioning Goa as the preferred destination for envisioning and building the future. First-of-its-kind in India, the project will encompass and bring alive the vibrant cosmopolitan nature of the state and foster the billion-dollar Web3 wave to bring the world to Goa once again.
#Goa #GoaNews #RohanKhaunte #WEB3ONTHESEA #technology #platform
WEB3ONTHESEA launches Ground-breaking Platform to Catalyze Web3 Revolution in Goa
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