The Development of the Web3 Industry

In the era of Web 1.0, users are only content consumers. Though Web 2.0 enables users to produce contents, any data assets produced belong to the platform. However, with users developing and applying Blockchain technology and becoming increasingly aware of their ownership of data assets, there will naturally be a trend towards adopting web 3.0 where data is readable, writeable and ownable.

Web 3.0 is still in its infancy, where areas including infrastructure and innovation mode require continuous effort for completion. Though different attitudes towards Web3 are held across the globe, it is still the most promising direction for the internet of the next generation.

Returning data value to users producing it is always the core value expression throughout the development of Web3.