The challenges of creating Web 3.0

The next generation of the internet is set to be composed of multiple layers of architecture, including the services offered on the network, network speeds, ownership, privacy and regulatory frameworks. Disruptive technologies such as internet of things (IoT), metaverse, artificial intelligence (AI), 5G and NFTs are only a few of the promising technologies that will play a critical role in the evolution of Web 3.0. But what actually are the technologies crucial to Web 3.0, the internet’s next iteration, and the stakeholders at the forefront of this evolution? Multiple tech firms keep advocating the next generation of the internet often referred to as Web 3.0, but how much more is needed to fully realise their ambitions? Besides the friction from existing structures, players are still experimenting with ideas, innovation and integration for the primary structures that constitute Web 3.0. Of course, Web 3.0 was designed to be decentralised and not controlled by a handful of tech giants;…