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Web 2.0 vs Web3
Unlike Web1, which operated on a decentralized architecture, Web2, the existing iteration of the web, is centralized. It focuses more on content creation and is greatly monopolized by large, successful tech firms.
During the late 1990s, forms, databases, server-side processing, and social media together generated an Internet that would be a lot more interactive. Known as Web 2.0, this current iteration of the Internet serves as a venue for creating content. Whether one wants to be a photographer, writer, or influencer, they can easily produce and display their work in the world of Web 2.0.
Service providers like Tumblr and WordPress provide people with a place where they can produce content, whereas social media firms such as Facebook and Twitter enable people to communicate and connect with anyone in the world. In addition, mobile internet access and smartphone popularity allow anyone to easily access all kinds of content.
Web2-focused firms have gained a lot from the advantages brought about by this digital revolution. Besides profits, firms have also created an enormous database filled with users. Larger firms such as Facebook and Google have acquired smaller ones, accumulating a centralized global hub that is filled with users and their data.
