Tech: Why you should consider getting into Web3
Image Source: CNBC
The internet is changing fast, and a new version called Web3 is set to take over. In recent years, we’ve moved from Web1, the “read-only” internet, to Web2, the “read-write” internet. Now, Web3 is emerging as the “read-write-own” internet, and it brings the promise of a decentralised digital world where users have true ownership, enhanced privacy, and direct control over their digital lives. But what exactly is Web3, and why should you consider getting involved? Here’s all you need to know.
What is Web3?
Web3, or Web 3.0, is a new internet powered by blockchain technology that aims to be more private, secure, and free from central control by banks, governments, or big tech companies like Google or Facebook. Instead of depending on these companies, Web3 lets people use “decentralised” applications (or dApps) that run directly on the blockchain. This means people have more control over their data and digital lives.
Key Features of Web3
1. Decentralisation: In Web3, data isn’t stored in one place or controlled by one company. Instead, it’s spread across a network, giving people more control and equal access.
2. True Ownership: Users fully own their data and digital assets. You can control what you share and who can access it, and you don’t need to trust a third party to keep it safe.
3. Transparency: Everything on Web3 is open for everyone to see on the blockchain. This openness makes things more trustworthy because everyone can see what’s happening.
4. Interoperability: its applications are built to work well together, so users can easily move their data and assets across different platforms.
5. Incentives and Rewards: This technology introduces digital currency, so people can earn tokens or cryptocurrency when they interact, create, or help improve the community.
Why Should You Get Into Space?
1. Exciting Job Opportunities
With Web3 growing fast, there are many new and well-paying jobs in areas like blockchain development, digital finance, and managing digital assets. Because the field is still new, learning Web3 skills now can lead to great career options.
2. Be Part of a Fair Movement
Web 3.0 is all about putting power back in the hands of the users and making the internet fairer and more secure. By joining, you’re supporting an internet where people control their data instead of big corporations.
READ ALSO
Okonjo-Iweala emerges sole candidate for WTO DG: Here’s all you need to know
5 tech skills you need to get employers’ attention
Breaking barriers: Meet Sarah, the car audio technician carving a niche in male-dominated profession
3. Investment Potential
Web3 also offers many ways to invest and make money. With assets like cryptocurrencies, NFTs (digital art or collectibles), and virtual land in online worlds, there are new ways to grow wealth. Although prices can change a lot, its investments can be profitable with careful planning.
4. Better Privacy and Security
One of this technology’s main goals is to give people control over their personal information. If you care about online privacy, It can help protect your data so only you decide who can access it.
5. Room for Creativity
Web3 is creating new opportunities for artists, musicians, and writers. Through NFTs and other platforms, creators can share and sell their work directly, reaching people worldwide and earning more from their work.
How to Get Started with Web3
1. Learn the Basics: Start with a simple understanding of blockchain technology. There are many beginner-friendly courses and resources available online.
2. Create a Crypto Wallet: A digital wallet, like MetaMask or Trust Wallet, is needed to store and send digital assets in Web3.
3. Explore Decentralized Apps (dApps): Try using popular dApps like Uniswap (for trading) or OpenSea (for buying and selling NFTs) to get a feel for Web3.
4. Join Web3 Communities: Many Web3 communities on Twitter, Discord, and Reddit share news, advice, and job leads. They’re also great for learning and networking.
5. Build Your Skills: Consider learning coding for Web3 (like Solidity, used in Ethereum) or understanding how things like smart contracts work if you want a career in the field.
