How far away are we from Web 3 being the norm?

[MILA19]

There's too much money to be made in Web 2. For the same reason I don't think Bitcoin and DeFi will ever be the norm. None of these things are good for the wealthiest people/companies.

For the same reason I think the term "Web 3.0" is not very accurate as to me it seems Web 3.0 can potentially be a branch of the web people can choose to use, rather than a natural evolution of the current state of the Web.

So my hope is that Web 3.0 can be developed enough so you don't have to sacrifice too much convenience/functionality and be the owner of your data and this can coexist with the current Web 2 which will likely continue to offer better apps/services at the expense of your privacy and data

[Zed0X]

For the masses, convenience is hard thing to give up that's why centralized services continue to thrive years after blockchain and crypto were introduced. For the developers and innovative creators, it's tough for them to go full decentralization because of Government regulations. The real decentralized applications are still struggling for wider acceptance and some of them probably died already.

[PrivateKayla]

A Gartner report says it will be later than expected. It further states "25% of enterprises will utilize centralized services wrapped around decentralized applications by 2027," 3 years later than previously announced.

I think it will take longer than that because of security and regulatory issues plus the human nature of disliking change. Most people are so used to how things work on web2 and would automatically reject having to learn new ways to navigate the internet.

[enoch_from_off]

A Gartner report says it will be later than expected. It further states "25% of enterprises will utilize centralized services wrapped around decentralized applications by 2027," 3 years later than previously announced.

I think it will take longer than that because of security and regulatory issues plus the human nature of disliking change. Most people are so used to how things work on web2 and would automatically reject having to learn new ways to navigate the internet.

I agree.
It's like wearing a new type of clothes, when you are used to the old ones
Thanks for mentioning the report, I will check it out in the future.

[ABCbits]

I'd say it's still very far. Aside from what everyone else said, there are so many fake web 3.0 out there. By fake, i mean it's either they actually use web 2.0 or the blockchain is centralized.

[hugeblack]

Web 3.0 has become a term that is far from being intended. The intention is that interaction with the web will move to a new stage, but what is literally happening is that the term is being made meaningless and closer to making profits from nothing.

[enoch_from_off]

Web 3.0 has become a term that is far from being intended. The intention is that interaction with the web will move to a new stage, but what is literally happening is that the term is being made meaningless and closer to making profits from nothing.

Or for the funds to flow to the projects that promote it when in reality, there is nothing new to it.
I support you.

[libert19]

Web3 gives user control of his data/assets which is double edged sword, it comes with responsibility and risks that not everyone might be willing to take. Lost your password in web2? Use 'forget password' option, while in web3, didn't make backup, and forgot wallet seed/PVK? You are done for.

Unless, web3 has recovery options available that are as convenient as web2, if not better, it's one thing why it won't be a norm.

[TomPluz]

...convenience is hard thing to give up that's why centralized services continue to thrive years after blockchain and crypto were introduced. For the developers, innovative creators, it's tough for them to go full decentralization because of government regulations. The real decentralized applications are still struggling for wider acceptance and some of them probably died already.

Seeing the big potential of Web3 which can be opening us to really experience decentralization and that opportunity to own and earn from the data we are making, there are many roadblocks to this development and mainstream adoption. You nailed it here, there are many applications that are really struggling to made a comfortable level of adoption where they can possibly make some profit and be stable. And on this part, there is nothing we can do as we are still in a free flowing market of ideas and we centralized options are of course hegemony already and can fight back any intrusion to their captured market. I am looking forward to the time when we can see Web3 options really flying high and become powerful on their rights.

[akeemqaz]

I'd say it's still very far. Aside from what everyone else said, there are so many fake web 3.0 out there. By fake, i mean it's either they actually use web 2.0 or the blockchain is centralized.

Indeed, that's true. However, I believe that apart from the Bitcoin network, all other blockchain networks are partially centralized. I mean, so far as they can be upgraded or have changes made to them, which means they are centralized in that way, and decentralized in other ways. In my opinion, the Web 3.0 will operate on partially centralized blockchains in the future because I think the later it becomes, the more centralized it becomes as well.