Abstract
It is customary for every innovative milestone to soon be replaced by yet another breakthrough. The internet, as we know it, is no exception to this rule. More than three decades after the inception of the world wide web, the world is getting ready for Web 3.0. Ripe with the ideologies of democratization, the third generation of web technologies has already piqued the interest of investors and is expected to become an $81.5 billion market by 2030. This paper will talk about the limitations of Web 2.0, how different its successor is, Web 3.0’s benefits, the role of blockchain and IoT, and accelerating adoption.
