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Web3, the latest internet avatar, is set to cause ripples in internet-based business models. Web3 is here to stay, with its focus on data privacy and ownership. The revenue models of Web2 internet companies (such as Facebook and Apple) have raised many eyebrows in recent years. This is primarily due to the monetization of user data. Billions of unwitting users have previously flocked to these companies’ platforms.
But, if you understand where this conversation is going, it should come as no surprise that Web3 will be very big. So, in this post, we’ll go over why you should learn about Web3. More importantly, we will talk about where to learn Web3.
Why Should you Learn Web3?
Well, unless we walk you through the potential of Web2, it will be difficult to persuade you to learn about this relatively new technology. As a result, now is the time to delve deeper into why anyone should even consider learning about Web3:
A. History Repeats Itself:
When the internet first appeared, many of us were too young and naive to see its full potential. Some businesses took on the task of popularizing it. These companies made a fortune during this process, and the founders of these companies are now the wealthiest people on the planet.
It was not easy for them to fight against the odds. Except for a few early adopters, the majority of people believed that the internet would ruin their way of life. People used examples such as gambling, pornography, and hate crimes to make their points. All of this occurred, but the upside was far too great for this trade-off.
Today, the internet has transformed our education, work, healthcare, travel, and shopping. Every day, newer and more enjoyable experiences are created through the magic of the internet.
With Web3 on the horizon, we are on the verge of a similar disruption. Do you want to miss out on this one like we did with Web2? Isn’t that correct?
Similarly, Web3 is more concerned with power distribution. It is critical that this sentiment be used to empower everyone in the network rather than just a few people running the show.
B. Moral Value:
Web3 attempts to break free from the capitalist mindset while balancing capitalism and socialism. Social media companies are worth billions of dollars right now because they eventually sell “you” and your data as a product. Do you believe this is fair?
They did provide us with an extremely engaging and smooth user experience, and they did so for free.
Apart from that, social media companies have begun to employ artificial intelligence and pattern recognition techniques to provide you with content that will keep you glued to their platform for an extended period of time. Why? Because the longer you stay on these platforms, the more ads can be served to you. Do you think it’s acceptable to play with your brain in order to make money?
If these events cause you to ponder the future of humanity, Web3 is your friend.
These issues are likely to disappear as the revenue model shifts from monetizing users to allowing them to monetize their content.
C. Monetary Value:
In the past, early adopters of any novel idea were rewarded exponentially. Consider Bitcoin. Those who invested in it are sitting on large sums of money. A more recent example is the “ENS” or Ethereum Name Service project. People who spent less than $100 on a decentralized domain name (.eth) from their platform were rewarded with thousands of dollars as a reward for being early adopters.
So far, we’ve talked about the advantages of being a part of a Web3 project. What if you took it a step further and built one? Yes. Because of the huge demand and supply gap, Web3 developers are in high demand right now. A Web3 developer’s median salary is significantly higher than that of a Web2 developer.
Do you lack coding knowledge? There is still room for you on Web3. Some of the most in-demand skills of this era include content creation, meme creation, and graphic design.
So, what’s stopping you from diving in and testing the waters?
Money is and should always be a byproduct of doing something you enjoy. The most magical aspect of Web3 is the technology that powers it. Blockchains have the potential to transform every industry that we are aware of. As a result, it is critical to learn about this technology as soon as possible. Let us face it, whether we like it or not, Blockchain technology will have an impact on our lives.
Aside from that, the overall technology appears to be quite intriguing, as it is solving some of the most pressing problems of our time. Unequal power and money distribution, centralization, scarcity of digital assets, and prevention of money duplication on the internet These are some of the issues that Web3 technology is addressing.
E. Saturating Web2:
Following the enormous success of Web2 companies, there is finally a point where people believe that growth has peaked. Earlier this month, Facebook’s stock price plummeted by a whopping 25%. To put this in context, Facebook lost a market capitalization equal to New Zealand’s GDP.
But what caused it to happen? It’s because, for the first time in 18 years, Facebook saw a drop in the number of people using its platform. Is this to say that Web2 social media has peaked and it’s all downhill from here?
Consider it from a different perspective. Why did Mark Zuckerberg rebrand the company as Meta if the social media model was so successful? Why did they decide to enter the virtual world?
Web 3 must contain something, which is why Meta purchased Oculus, a company that manufactures virtual reality headsets.
Aside from that, other Web2 behemoths such as Nike, Gucci, and LV have been spotted foraying into the NFT and Metaverse worlds.
Where to Learn Web3 From?
As we establish the importance of learning Web3, let us look at the resources that can help us get to the next level in this field:
EGG Crypto Academy
At EGG Crypto Academy, we have a variety of articles to help you get started in the Web3 space. These articles are intended for both novice and advanced users. It intends to start with the basics and build from there. Here is a summary of a few articles that will assist you in mastering the art of Web3:
The EGG Crypto Academy will assist you if you want to get into the blockchain development side of things. This blog will guide you through the creation and deployment of your first smart contract, an ERC20 token, and an ERC721 (NFT) smart contract.
Crypto for Beginners:
If coding and development are not your strong suits, our crypto academy will ensure that you do not miss out on cryptocurrency-related developments. You will be a crypto expert who understands market trends and can make informed investment decisions.
What are you waiting for now that you understand the significance of learning Web3 and the resources that will set you on the path of your lifelong journey to master Web3?
Come join us and take control of your professional development! EGG Crypto Academy also provides other crypto-related articles and tutorials based on where you are in your learning journey. You can learn more about Web3 and crypto-specific courses by clicking here.
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of EGG Finance. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.