It started with static images and text. Next, web2 brought us to modern internet. Web3 now appears to be in its infancy. This allows data to be seamlessly transferred over a decentralized platform. Ownership and control are distributed across the network. It relies on a technology stack that uses decentralized Blockchains. Tokens and cryptocurrencies power web3’s economies.

Web3 will be the marketplace for all businesses from all industries. It is expected to grow into a major player in 2022. It uses edge computing, blockchain technology, NFTs and virtual realities. Web3 has been gaining in popularity due to more businesses trying to integrate their products to this new space. Google searches have shown that web3 interest rose by 33% over the last few month, suggesting that businesses are becoming more interested in moving to web3 space. The web2 to web3 migration marks a change from application-centric design and to a usercentric ethos for decentralization.

What is web2 and how does it work?

Web2 is the next generation of the World Wide Web. It’s also known by the “read/write” Web. It’s a step towards interactive functionality, compatibility and the use of the following features.

• User-generated Content
• Transparency with data and integrations
• The web is an online platform, and not a networking network.
• Software as a Service is possible via API implementation technology

What is web3 and how does it work?

Web3 refers to the “read/write/own” mode of the internet. It uses blockchains and NFTs to empower its users through the form or ownership.

Features of web3

Web3 can be decentralized – Unlike web2, which is controlled and owned primarily by centralized entities and web2, web3 lets ownership be distributed among its users as well as builders.

Permissionless: Everyone has equal access to internet3, and nobody is denied.

Native payments – Web3 uses cryptocurrencies instead of the traditional infrastructure of banks and payment processors to send money and spend it online.

Trustless – This system relies upon third parties and does not rely on them for their operations.

Read More : https://www.leewayhertz.com/how-to-migrate-a-web2-application-to-web3/