The Evolution of the Web
Tim Berners-Lee invented the 'web,' as we know it, in Switzerland in the early 1990s.
We wouldn't have internet browsers until nearly half a decade later. Several years later, search engines such as Google were invented. Since then, the web and internet technologies have undergone drastic changes. Nowadays, internet use has become a survival tool for millions. There have been three major stages in the history of the internet.
Web 1.0: The Static Web
Initially, content on the internet was predetermined. Therefore, people used the term “static web” to describe it. The concept of static content refers to any content that can be delivered to an end-user without having to be generated, modified, or processed. You could make a website, and people could browse it, but they couldn't interact with it beyond leaving a comment.
The main difference between mainstream media and Web 1.0. is user involvement in content consumption. Our lives have been forever changed by the internet because it decentralized content production. Until the internet, only a few media outlets created information, which was consumed by the masses. Having access to the internet meant that everyone could produce content. Moreover, users could influence content creation by not giving attention to the information they did not enjoy. Because of this, Web 1.0 is celebrated as the democratization of information.
Understanding the decentralization of content production is very important. This mindset later led to the decentralization of currencies and gave rise to new technologies such as Bitcoin. In other words, if you wish to achieve anything in the metaverse, just keep in mind that this internet principle always determines success in online businesses.
Web 2.0: The Interactive Web
The democratization and decentralization of the internet eventually led to Web 2.0. In this era, people were not limited to consuming content or throwing their two cents in the comment section. With Web 2.0, they could be content creators. Wikipedia, YouTube, WordPress, and Blogger are all examples of Web 2.0's impact on the world.
Web 2.0 had a rough start with the “dot-com bubble.” The dot-com bubble was a rapid increase in U.S. technology stock valuations in the late 1990s caused by investments in Web-based companies. The bubble burst in 2001, leaving Nasqad with a 77% drop and investors in a panic. Several web companies collapsed, and, for a moment, it looked like the Web was just a fad.
Obviously, this wasn't the case. Technology was advancing and growing just fine. It was the stock markets that were the problem. Amazon's Jeff Bezos is a perfect example of this. Even though Amazon lost 90% of its value during the bubble, it made its shareholders extremely wealthy, including Bezos, one of the most affluent people in the world. If a scenario like this occurs in the metaverse era, remember one thing: Longterm investors will win out as long as technology is expanding.
As a result of Web 2.0, the internet has become a sea of user-generated content. Sharing information and connecting with others has become the norm. It led to hundreds of thousands of online shops, content creation platforms, and the influencer era.
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