At the beginning of the 2000s, hardly anyone could have imagined how rapidly our world would change due to the internet. Questions arose, such as why we should write emails or why we should consume online content when we could send letters and watch television. The idea that the internet would bring the world to our homes or on the go, making information globally accessible and enabling communication with people on the other side of the world without fear of exorbitant phone bills, seemed practically unimaginable. Virtually all aspects of our lives have been affected by the far-reaching influence of the internet.
Those who had the foresight back then, who shared the vision of a connected world through a digital, interactive marketplace where knowledge, goods, services, and communication could be discovered, sold, and acquired, are now among the richest people in the world. They have created platforms and tools that are of immeasurable value to the digital society.
There could now be a similar opportunity for visionaries because a new version of the internet is on the horizon: Web 3.0. By integrating blockchain technology and other innovations, the internet is becoming a place where power over digital data and assets is returned to the individual – at least, that’s the vision.
In the future, it won’t just be the big players like Google, Facebook, and YouTube who control and profit from the data of internet users and content creators. In Web 3.0, every individual will retain control over their own data and decide who has access to it. Furthermore, they will receive direct financial compensation through peer-to-peer microtransactions for the use of their data.
A new form of digital economy and digital ownership is emerging. So far, you could only own a URL on the internet as a unique entity. In the future, this could apply to all sorts of digital assets on the internet.
The vision of the new internet was palpable at this year’s Cryptoverse Summit on the beautiful island of Mauritius. As one of many international speakers, I had the opportunity to speak before a large and enthusiastic audience alongside local luminaries in the elegant setting of the Intercontinental Resort.
Lectures, panel discussions, and lively exchanges among speakers and attendees allowed us to explore the promises and possibilities of Web3.0 and its impact on our digital future, as well as the regulatory superiority of Mauritius.
It’s impressive to see how proactive and progressive Mauritius is in supporting and establishing this development, with the backing of local influencers. All participants in the Cryptoverse Summit could feel the excitement, and we celebrated the future together at the afterparty in Port Louis the following day.
Global change often begins small, with a few visionary individuals who are bold enough to change the world. The Web3 space has gained significance with the rise of Bitcoin, NFTs, and other technologies. Through media coverage and worldwide events, as well as the creation of platforms, we have already made significant progress. The use of blockchain technology and its corresponding platforms will continue to evolve until it becomes as simple and commonplace for everyone as sending an email.
Join us on this expedition into the heart of Web3, where we’ll navigate the intricacies of digital ownership, peer into the promises of blockchain technology, and envision a future where individuals hold the keys to their digital destinies. Welcome to the Web3 frontier, where the internet’s next chapter is being written before our eyes.