What is Web3.0?

Web 3.0, according to Wikipedia, is a term used to describe the future of the web. Web 2.0 would refer to the recent evolution of the web. A brief description of this evolution would be apropos. Wikipedia explores the following ideas in the first 179 words of its definition of Web 2.0

Web 3.0 is frequently referred to as an environment consisting of intelligent web-based semantic applications and desktops, where the web is a database of information published via reusable formats such as XML, RDF, ICDL and other micro formats. By some, it is perceived as part of digital media contribution to the evolutionary path to artificial intelligence that can provide access to information driven by laws of mathematical probability previously calculated by Shannon’s Laws and Bayes’ Theorem. Web3.0 may bring the realization of the Semantic Web, where meaning can be extracted from data representations such as hypertext and utility driven by meaning.

Web 3.0 is also called the “Internet of Services”, where all of the aforementioned promote technology driven creative extrapolations and recombination’s of the information in line with new emerging data services. Again Wikipedia describes Web 3.0 as an “Executable” Web Abstraction Layer - driven by user generated content and broader, more advanced and accessible social media and publishing applications.