Web3 and Africa
How is Africa telling its Story through the internet? And how is the growth of the internet changing the dynamics for us?
The African society has a culture and our culture is most indemnified in agility and strength of which things are done and activities carried out.
Gavin Wood, the creator of Polkadot and a co-founder of Ethereum, is credited with coining the term “Web3” in 2014 to describe a “decentralized online ecosystem based on blockchain.” In 2021, the concept of Web3 became more well-known as the name piqued the imagination of numerous individuals.
However, there are a few aspects regarding Web3 that you should be aware of.
Web3 is introducing us to a more developed yet expanding way of living in the modern world, much to how the internet revolutionized the world and the way life operates on Earth.
We are seeing considerably more open development, decentralized economies, improved data privacy and development, and significantly more transparent governmental institutions thanks to the Web3 development.
The Web3 development is still in its infancy, but it is the cornerstone of more immersive internet advancement and improved human-computer interaction.
Without a doubt, as predicted by Gordon Moore in particular, the world is set to experience yet another enormous surge in internet prospects due to the development of blockchain technology, privacy, and open data distribution.
There are a ton of ways that the Web3 and the Metaverse are beneficial to us, particularly with the creation of a more immersive internet experience, upon which leading businesses like Meta, Amazon, and others are constructing the communications of the future.
The dissemination of information and the transparency of such developments must be mentioned. However, it is clear that web3 is different from Sir Tim Bernie Lee’s Semantic web.