State of marketing in the Web 3.0 era

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Development of Web 3.0 application on a laptop

You may have read this a thousand times before, but technology has evolved at a very rapid pace over the past decade. Innovations in technology continue to greet us at frequent intervals, transforming the lives of millions worldwide. The impact of technology on the marketing sector is worth looking at. Waves of technological advancements have shaped the structure of the modern-day online marketing space. 

First, the Web 2.0 wave caught everyone off-guard, followed by the social media wave which has paved the way for social media marketing. Most recently, we can see that the Web 3.0 wave is becoming stronger each day, and it is just a matter of time before Web 3.0 becomes a key piece of the marketing puzzle. 

Web3’s potential of a decentralised network can bring forth several creative innovations for marketing specialists. To overcome the challenges it is essential to recognize the trends that would drive marketing in the web3 landscape.

In this article, we will touch upon a few key points around web marketing, web 3.0 marketing or digital website marketing. Read along to find out how Web 3.0 marketing could revolutionize the marketing sector. 

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Web 3.0 – a portal to a decentralized web

Web 3.0 is tipped to be the future of the internet and it has shown promising signs until now. Of course, we are all excited to see what it has in store for us. Many experts believe that progress in the Web 3.0 space will have a significant impact on society and businesses. 

Does this mean that Web 1.0 and Web 2.0 are now obsolete? Are we inaugurating a new chapter of the internet by embracing Web 3.0?

We know the first wave of the internet as Web 1.0, which was between the years 1994 and 2000. Static websites and pages were the main characteristics of Web 1.0. The second phase of the internet, Web 2.0, primarily refers to websites that take UX seriously and also focus on integrating user-generated content. Web 2.0 marked the beginning of how brands and companies communicate with their customers and how customers consume content. 

Focus on UI/UX in the Web 2.0 era

The latest version of the World Wide Web is known as Web 3.0 or Web3. It largely involves semantic web technology.

The next stage of development for websites will be Web 3.0, which will build on Web 2.0’s interactive and socially connected websites and Web 1.0’s informational websites.

The hallmark of Web 3.0, an improved version of Web 2.0, is the creation of a virtual world within the Internet through websites like online virtual shopping malls, which enable users to connect with one another and buy products online.

Web 3.0 marketing – a new chapter in marketing 

“Web 3 Marketing” examines the web by focusing on emerging trends and technological advancements.

The way we experience the Internet is transforming, not just evolving. Web 3.0 marketing encompasses more than just websites and SEO.

The user experience improves significantly in a Web 3.0 environment since it offers more comprehensive and dynamic advertising alternatives. This means that marketers can now narrow down their target audience and promote their products only to them, rather than wasting resources on marketing to the wrong people. In addition, Web 3.0 is expected to provide marketers with all the means to create even more efficient strategies to promote and advertise their products. 

But what will change? A lot of things. Customers are likely to access more advertising content in the future, impacting their purchase decisions. For marketers, the advanced user experience that is provided by Web 3.0 would open up the door to a plethora of interesting and innovative opportunities in marketing and advertising. 

Main features of Web 3.0 marketing

Now that we have a basic understanding of what Web 3.0 is and how it could be a game changer in the marketing world, let’s explore the different features of Web 3.0.

  • Semantic web (SW)

The semantic web allows humans and computers to communicate with each other effectively. In Web 3.0, the semantic web will use Metabase to shed light on content in a machine-readable fashion. 

  • Artificial intelligence (AI)

With Web 3.0’s Natural Language Processing (NLP) technology, computers will be more human-like and grasp the data presented, leading to more precise and quick solutions and responses. NLP technology lets computers understand, interpret, and change human language.

  • Decentralization

Decentralization is the backbone of Web 3.0. Web 3.0 is known as the decentralized web for a reason. In Web 2.0, computers recognize and retrieve data stored on servers—typically a single server—at a specified place by using the HTTP protocol.

The information would be stored in multiple places at once in Web 3.0 as opposed to a single location. As a result, there would be no facility for data storage, making data centres a thing of the past. 

Web 3.0’s impact on traditional and digital marketing

Digital marketing web 3.0

Statements like “Is web 3.0 the future” emphasize the need for marketers to get ready for the web3 environment. The front end was improved throughout the web2 phase to provide better user experiences. On the other side, the effect of web3 marketing would encourage workable advancements in the backend.

Private individuals or consumers would get ownership over data instead of having it vested in the repositories of major digital businesses. One distinctive feature of the third version of the internet is the absence of any private company asserting ownership of data in web 3.0. Because Web3 prevents data from being stored centrally, users are free to choose where and how to share their data.

At the same time, marketers can identify more stakeholders with whom they can collaboratively promote their services to engage and keep them. Users, communities, and developers are the main stakeholders. Web 3.0 marketing would therefore place a strong emphasis on the evolution of community marketing.

The growing number of stakeholders makes it easier for marketers to devote time and money to studying client experiences. More data points are available for marketing professionals to use in determining optimum methods and approaches to guarantee consumer happiness. How should marketers get ready for the web3 era?

Web 3.0 and digital marketing – what can we expect?

 Web 3.0 is changing the digital marketing sector with technologies including blockchain, transparency, and data privacy,

Additionally, it allows businesses many opportunities to develop relationships with and earn the trust of their customers. Some of these opportunities include user-generated content, data ownership, and decentralised resources.

We expect to see the following transformations in the digital marketing sphere:

  • Virtual communities will become more prominent
  • User-generated content in the digital marketing realm will increase
  • Users will keep their data private 
  • Digital marketing agencies are likely to use dApps
  • Semantic web and artificial intelligence will dominate in the Web 3.0 era

Sneak peek into Web 4.0 and Web 5.0

While we are a few years away from seeing a complete Web 3.0 takeover, it is worth talking about Web 4.0 and Web 5.0.

Web 4.0 will be primarily based on “wireless communication”, connecting people and objects in the physical, virtual world in real-time. Web 5.0 is still developing and has not fully taken shape, but it is regarded as a linked, emotive, and symbolic web that interacts with humans. Additionally, it is founded on emotional connections toward others. 

Currently, technology cannot comprehend human emotion, but several companies such as wefeelfine and emotiv aim to solve this problem. Development in this space will open the door for a more customised experience, which will draw in more visitors than ever.

Web 3.0 is the future of marketing

Web 3.0 will represent a noteworthy evolution of the mainstream internet that would bring together people and machines in ways that we have never ever imagined. In the same way that we didn’t fully grasp cryptocurrencies, credit cards, or even Web 1.0 & 2.0, there are many aspects of this constantly evolving technology that we still don’t know.

We learned that Web3 will be an open-source platform known as the Semantic Web (SW), where users will have enhanced privacy and security, control over their data, and ownership.

Along with the internet, the digital marketing sector will experience a revolution and evolution, moving from static Instagram ads to the creation of interactive artworks or NFTs that showcase your business’s most recent products. Winning the future market and your ideal target market will hinge on how businesses approach adapting to the transforming internet to develop new services, hyper-personalized experiences, and perhaps digital environments.

We have learned a lot about Web 3.0 and its effects on consumers, businesses, and advertising. We continue to learn and strive to understand what the future of the internet holds for each of us.

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Feature Image Source: Photo by Christopher Gower on Unsplash

Image 1 Source: Image by rawpixel.com

Image 2 Source: Photo by Diggity Marketing on Unsplash

 

 

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Karandeep is a technical content writer based out of Pune, a city in India that is also known as the Oxford of the East. His journey with writing started in 2014 when he decided to try his luck in a gaming startup as a Content Developer. Since then, he has written on a wide range of topics within the gaming and the tech space. Apart from his love for gaming, Karandeep is keeping tabs on the hottest trends in the tech industry. After completing his Bachelors in Business Administration (BBA) from Symbiosis International University, Pune, he worked as an intern in an NGO that focused on urban development.
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