It is often hard to separate reality from hype.  


When it comes to [technology](https://inleo.io/@leoglossary/leoglossary-technology), it is easy to fall victim to getting excited about what is coming.  We see this repeatedly.  When it spreads to the masses, we find ourselves in massive hype cycles.


This is often accompanied by [market](https://inleo.io/@leoglossary/leoglossary-market) conditions that [bubble](https://inleo.io/@leoglossary/leoglossary-bubble).  We saw this with the [Internet](https://inleo.io/@leoglossary/leoglossary-internet) and the dotcom era.  [cryptocurrency](https://inleo.io/@leoglossary/cryptocurrency) has gone through this, most notably the [ICO](https://inleo.io/@leoglossary/leoglossary-initial-coin-offering-ico) craze.


Thus, is it prudent to ask whether [Web 3.0](https://inleo.io/@leoglossary/leoglossary-web-3-0) will truly change the [world](https://inleo.io/@leoglossary/leoglossary-world) or is it just hype based upon wishes and dreams?

<center> https://ideogram.ai/api/images/direct/gU0T3KsGT-Oj0Hnkh8vI_A.png

Image made with Ideogram </center>

## Web 3.0 Is The Real Deal


Web 3.0 is going to change the world.  This is not the question.  More appropriate is to ask how Web 3.0 will alter things?


That said, many still feel it is nonsense.  For this reason, perhaps it is best to define some things and dig a bit deeper.


When referring to Web 3.0, it is important to understand the wide net that is being cast.  This is more than just [blockchain](https://inleo.io/@leoglossary/blockchain) and cryptocurrency.  It also includes [AI](https://inleo.io/@leoglossary/leoglossary-artificial-intelligence), [robotics](https://inleo.io/@leoglossary/leoglosary-robotics-robots), advanced [energy](https://inleo.io/@leoglossary/leoglossary-energy), and bio-tech.  Many of these are in the early [days](https://inleo.io/@leoglossary/leoglossary-day) so seeing the overall progress is difficult.


We also have to factor in convergence.  This is the most powerful of all technological forces.  When parallel technologies converge, there is an explosion.  The [smartphone](https://inleo.io/@leoglossary/leoglossary-smartphone) is the best example of this.  We saw immediate impact, relatively speaking, in the developed nations.  The penetrate rate went from 0 to 70% in record [time](https://inleo.io/@leoglossary/leoglossary-time).


This is going to be dwarfed by the next major convergence.  My guess is it will be AI and robotics but other things could step up.


It is also why I say this is the real deal.  We are not dealing with hype.  Instead, we have large sums of [money](https://inleo.io/@leoglossary/leoglossary-money) going into areas that are making tremendous progress.  Anyone following the robotics industry knows a great deal was accomplished in 2024, which is only 1/4 done.


To add more fuel, we see the progress of LLMs and where those tentacles are heading.  The fact they are being incorporated in more [applications](https://inleo.io/@leoglossary/leoglossary-application), with updates emerging regularly, shows this is not just proof-of-concept tech.


## How Will Web 3.0 Change The World?


Here is where things get a bit cloudy.


For those involved in cryptocurrency, we are going to see a massive shift.  In my mind, blockchain is essential in this equation.  We are seeing projects rolling out that use blockchain as the foundation.   We know the [open source](https://inleo.io/@leoglossary/leoglossary-open-source) technology is really growing, especially as it relates to LLMs.


How about one that is build entirely on blockchain?  That is what is behind [the idea of Zarqa](https://blog.singularitynet.io/zarqa-introducing-singularitynets-neural-symbolic-llm-cbdb5d4d0b74).  This is taking the concept of Web 3.0 to an entirely different level.


What is interesting is [Wall Street](https://inleo.io/@leoglossary/leoglossary-wall-street) is going to help massively in this endeavor. 


Some firms are concentrating on the idea of real world [assets](https://inleo.io/@leoglossary/leoglossary-asset) being tokenized.  This will be rolled out, focusing upon major [asset classes](https://inleo.io/@leoglossary/leoglossary-asset-class).


How this helps is it opens the door for smaller projects, using decentralized technology, to do the same.


In other words, the numbers game starts to favor the smaller players.  If one raises $500 million, they might get on the radar of organizations such as the [SEC](https://inleo.io/@leoglossary/leoglossary-securities-and-exchange-commission-sec).  However, if tens of thousands all over the world are doing this to the tune of $15K, it is a much different [story](https://inleo.io/@leoglossary/leoglossary-story).


That is one of the advantages to blockchain: it removes the [intermediaries](https://inleo.io/@leoglossary/leoglossary-intermediaries-financial), driving down [costs](https://inleo.io/@leoglossary/leoglossary-cost).


[OpenAi](https://inleo.io/@leoglossary/leoglossary-openai) and [Microsoft](https://inleo.io/@leoglossary/leoglossary-microsoft-corp) want to [develop a $100 billion data center project](https://www.reuters.com/technology/microsoft-openai-planning-100-billion-data-center-project-information-reports-2024-03-29/).  Here again, we can see this eclipsed by the blockchain world.  When we take the different [networks](https://inleo.io/@leoglossary/leoglossary-network), in totality, it could far surpass what these entities are looking at creating.


As stated in another [article](https://inleo.io/@leoglossary/leoglossary-article), the world is going to need all the compute and storage it can get.  If [data](https://inleo.io/@leoglossary/leoglossary-data) is the foundation of all AI [infrastructure](https://inleo.io/@leoglossary/leoglossary-infrastructure-computer), the shortage means blockchains will have to be a part of the equation.


## The Age Of The Entrepreneur


Much of our world is consumed by major [corporations](https://inleo.io/@leoglossary/leoglossary-corporation).  It is a trend that will continue for a while.


Nevertheless, the door is opening for the [entrepreneur](https://inleo.io/@leoglossary/leoglossary-entrepreneur).  This is an individual who is shut out of the existing [business](https://inleo.io/@leoglossary/leoglossary-business) system.  It is hard to compete against global entities that are consuming all around them.


Here is where fractionalization enters the picture.  I often mention this when referencing [media](https://inleo.io/@leoglossary/leoglossary-media) and the attention [economy](https://inleo.io/@leoglossary/leoglossary-economy).  It does, however, extend to blockchain [ecosystems](https://inleo.io/@leoglossary/leoglossary-ecosystem-digital), possibly moving up to the level of [network-state](https://inleo.io/@leoglossary/leoglossary-network-state).


The tools that are being handed to people are getting ever more powerful.  This means that each person has the chance to develop a $10M-$100M initiative.  We are going to see these pop up all over the place.


With Web 3.0, micro-funding, something that cryptocurrency excels at, can help to drive these initiatives.  That is also restricted when it comes to the traditional business and financing world.


Very few people are able to acquire [venture capital](https://inleo.io/@leoglossary/leoglossary-venture-capital-vc) funding out of [Silicon Valley](https://inleo.io/@leoglossary/leoglossary-silicon-valley).  However, consider the ideas that could be funding simply using a [currency](https://inleo.io/@leoglossary/leoglossary-currency) like [HBD](https://inleo.io/@leoglossary/leoglossary-hive-backed-dollar-hbd).  [seed](https://inleo.io/@leoglossary/leoglossary-seed) money for smaller projects suddenly is possible.


This is why I am a firm believer that every [account](https://inleo.io/@leoglossary/leoglossary-account) is a business.  When things are monetized, one is no longer a user.  As people acquire more resources, we have business and [finance](https://inleo.io/@leoglossary/leoglossary-finance) 101.  What is going to be done with the money?


It is here where some will excel.


Again, having this converge with some of the other technologies mentioned shows how quickly things can change.  People will become [billionaires](https://inleo.io/@leoglossary/leoglossary-billionaire) simply from building massive enterprises on Web 3.0.  This might be done through single initiative or by investing in hundreds of them.


In other words, it is a wide open field.


Those with entrepreneurship are going to excel.  It is going to require time, effort, and a great deal of learning.  Nevertheless, those who start to view the [opportunities](https://inleo.io/@leoglossary/leoglossary-opportunity) differently as compared to what went before will see possibilities that others miss.


Web 3.0 will allow people to take advantage of that.  


We have roughly 5.5 billion people online.  Is it possible to reach a couple hundred million of them and get them involved in some manner?


Those that figure out how to answer that question in the affirmative will likely be the household names of tomorrow.


____


<center> [What Is Hive](https://inleo.io/@leoglossary/leoglossary-what-is-hive) </center>



Posted Using [InLeo Alpha](https://inleo.io/@taskmaster4450/will-web-30-change-the-world)