What is Web 3.0 and how to make money from it? – Money Schedule

What is Web 3.0 and how to make money from it?  – Money Schedule
Web 3.0 is an idea that is still under development, but it has the potential to make extra money with it. (Photo: Freepik / upklyak)

The concept of Web 3.0 is still under development. Applicable in online practice decentralized It’s something extremely embryonic – but, according to experts, it looks to be the future.

The components of this network are created by multiple integrity applications (DApps) with their own cryptocurrencies and features.

This is what analysts say is different from Web 3.0 from what is now known as Web 2.0. In this new computer network model, information; information; The user metadata will be the user.

In parables, there is now a favorite company Google (GOOG) have your information, and can sell it for market analysis.

This is because the user himself has agreed to these terms by creating a Google account in order to use his services.

How does Web 3.0 work?

In Web 3.0, it is the user who manages this data and chooses to provide it to the process he needs from his digital wallet.

This is because all decentralized applications are accessed by authorizing the user a public key. And this public key is stored and protected by a digital wallet held by the person.

This is a very common mistake that often confuses beginners in the market. A digital wallet only holds two keys, public and private. Cryptocurrencies, the non-fungible tokens (NFTs) and your case is in blockchainalways online and public.

The public key provides access to data equally held by the user – and acts as a location for receiving and delivering assets to third parties – while the private key one signs this movement and moves to the equation. Therefore it is important to remember not to give up your personal keys.

Whether it is public data, the care of the equal, and of the personal data, is the responsibility of the user, and not the company in the middle.

There are several different levels of data decentralization in Web 3.0. In a decentralized application, users self-check data and validate blocks with their validator nodes running at low cost and in-house.

However, there are cases where the authentication and data analysis by Web 3.0 platform is still mostly done by the design company.

Although this stage of decentralization, on the Web 3.0 platform, the management of assets and data is still possible by the user.

How to access Web 3.0?

As mentioned before, it is the user who chooses to send their data to a legitimate application by linking their virtual wallet to the process, and can pay back doing so.

Web 3.0
Connectivity to Web 1.0, 2.0 and 3.0 platforms (Image: Playback / Twitter)

In the case of a Decentralized brokerage (DeX)The trader connects his virtual wallet to the platform and sends instant information such as cryptocurrency balance.

Even after the broker receives this information, the trader still needs to allow the process to move this balance.

For example, in cryptocurrency exchange (SWAP), Bitcoin (BTC) for Ether (ETH), the cryptocurrency holder must allow the platform to hold both. After authorization, and doing this function, the smart contract broker will immediately cancel the bitcoin balance request and deposit the balance in Ether.

In other words, your assets, which are in your care, do not need to go to another party, they never leave your virtual wallet.

The same rule applies in the case of discussion of a NFT of buying and selling platform such as OpenSea.

On the video platform, or social networkthe same thing happens.

Change the location of users connected to an important account and hold their data, for example Google tag Apple (AAPL), it can connect your virtual wallet with information such as favorite movies, playlists, ads. All closed in the blockchain.

Make Money With Web 3.0

video platforms

Today there are already examples of video platforms that work in this way, and it even has its own crypto heritage to support internal trading. Odysee is one example.

On this platform, the creator of video content has the care of their own product, as it is noted on the blockchain, in addition to the ability to receive information and salary local currency, LBRY.

It differs from the paid YouTube platform, which has an intermediary agent who selects models for monetization, or not, the creator of the video.

Add to that the fact that the content is, is useful, available from Google, and has access to your preferences to target ads to consumers.

Another Web 3.0 video platform will be Theta Network. In it, the content developer has been rewarded with Theta cryptocurrency for development for the platform, and his videos are NFTs, that is, owned by the developer himself.

Media coverage

Web 3.0 integration is also available. An example of them is BitClout. The platform also has its own cryptocurrency (DESO), and pays for content creation based on their impact on the network.

Internal marketing, which can be done through the Decentralized Social Blockchain, allows the trading of users and information in the network, in addition to network remunerating for posts to be made. Another network for Facebook has not been publicized due to its distribution.

As a result, your data is still yours, and unlike Facebook, there is no middle ground for reading and sending back ads to end users.

Internet browser

Another web browser that has a foot in the Web 3.0 ecosystem, and generates revenue, is Brave. The browser aggressively blocks other advertisers and gives users the option to get their own ads and get rewarded for doing so. The prize is in the form of BAT cryptocurrency.

Although it is the most important, the new option to create a virtual wallet through the ecosystem itself and the integration with the Solana network can guarantee some reliability of the project.

Data archive and indexer

User permission to use data is something that can generate revenue for it. Filecoin, Arwave and Graph are examples of this.

Filecoin and Arwave are seamless archives that seek to store blockchain data. Users who choose to withhold information, personal or non-personal, can receive rewards in FIL and AR cryptocurrency respectively.

At Filecoin retail, the Graph is a data indexing service after use. Users who assist with indexing, called indexers, can earn money from the network equal to the amount of money they make and their participation in the native cryptocurrency, GRT.

Indexers earn indexing rewards and asking prices. A direct comparison to Graph in Web 2.0 would be Google’s own search engine, which performs self-indexing of data.

However, it’s known that when searching for this information, only those who follow a better SEO model come to the top, or Google thinks it is best for your search.

Browse graphic design

Render is a network rendering of graphics processing units built into Ethereum.

The platform aims to connect artists and studios who need Chinese energy for visualization with users who are willing to lease their capital.

Electronic tenants receive payment in RNDR, a crypto tool used in the network. His income, along with all of the above, is achieved through smart contracts, and they can only be achieved if both parties complete their work.

NFT games

They are also part of Web 3.0. Once the play to earn money, or play to win, use the ideas of digital and cryptocurrency members to promote the gaming industry. It is important to know how to identify each game to understand that this industry is something that is stable in the long run.

In them, the player also connects the digital wallet and sends information to the game such as the items he has and how much game money he has in his balance. . This self-regulation facilitates the exchange of goods and cryptocurrency between players.

Leave a Comment