The Internet is changing at an incredible rate, and it’s not just because we’re using it more. Web 3.0 is being introduced by emerging new technologies such as virtual reality and artificial intelligence. The internet as we know of will change entirely with the addition of Web 3.0 and mental health its components.
But Wait, What Exactly is Web 3.0?
The third generation of web technologies is known as Web 3.0. The web, also known as the World Wide Web, is the foundational layer that provides website and application services on the internet.
Because Web 3.0 is still evolving and being defined, there isn’t a single, universally accepted definition. But one thing is sure: Web 3.0 will place a heavy emphasis on decentralized applications and will make extensive use of blockchain-based technologies.
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Machine learning and artificial intelligence (AI) will also be used in Web 3.0 to help empower more intelligent and adaptive applications.
It took more than ten years to move from Web 1.0 to Web 2.0, and Web 3.0 is expected to take just as long, if not longer, to implement and reshape the web entirely.
NFT and Web 3.0
If you have heard about Web 3.0, you can’t not know what NFTS is! The rapid expansion of NFTs is one of the driving forces behind Web 3.0.
A Non-Fungible Token (NFT) is a uniquely recognized digital unit of data kept on the blockchain that is traded and sold.
Despite market volatility, NFT sales continue to grow, even among those who don’t know or haven’t heard of these three letters. That’s because NFTs are about more than just making money; they’re also about building community.
NFTs are laying the groundwork for digital economies, communities, and assets as the online world changes from web 2.0 to web 3.0.
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Will this new technology affect mental health?
Web 3.0, NFT projects, and DAO (decentralized autonomous organizations) have made a difference in people’s lives, broken records and aided critical global causes just like good technologies do. Artists who were previously unknown have been able to make headlines, and new communities have formed on Discord.
Web 3.0 principles have been applied to the concept of collective experience and participation in new social circles. Despite its numerous positives, negative things like rug pull, market hysteria, hackers, haters, shady decisions, stress, pressure, and more are also on the table.
How can we ensure a happy and healthy future for everyone at this critical juncture for Web 3.0, NFTs, and the metaverse? There are both technological and social solutions available. Let’s dig into them.
1. NFTs with mental health-focused ethos:
From their originators to roadmaps and sales, we need more NFT projects to promote better mental health at their core. Amazing work is already being done across the industry, from musical virtual reality experiences to psychedelics. Let’s not stop.
2. Metaverse experiences centered on mental health:
There’s still a ton of (sensitive) work to be done, but it is believed that if done correctly, we can help people find the health and happiness that they require in the digital world. Let’s enlist the help of more mental health experts and learn from them.
3. More information and debate:
It’s time to be honest about the potential mental health (and physical health) issues associated with the metaverse, NFTs, and web 3.0 so that productive solutions can come up. Sharing is a form of caring.
4. NFT and metaverse projects establishing a community:
You can establish a community of your known, and if happiness and health are important to you (and should be), lead by example and start at the top.
To summarise, we have seen economic uncertainty, rising inflation, supply shortages, budget deficits, and geopolitical tensions over the past two years. Our world remains intense, innovating, and adapting amid uncertainty, hiccups, regulations, and setbacks. It is believed that as entrepreneurs continue to push the boundaries of what is possible, these innovations will significantly impact every aspect, including mental health, in the decades ahead.
All authorities widely accept Web 2.0. Any court of law or bank will take time to accept and validate Web 3.0. However, with time and experience, Web 3.0 will undoubtedly benefit humanity.
To learn more about the Web 3.0 component, Metaverse, and its impact on mental health, click here.
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