There is a lot of hype around Web 3.0 but patent data suggest the technology isn't there yet and Web 2.0 seems to have a lot of juice left.
Web 2.0, of course, is not taking any of this laying down and Jack Dorsey recently “You don’t own “web3.” The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you’re getting into….”
Like many blockchain solutions being developed, there is a question about whether these applications can scale to the level required to challenge the existing Web 2.0 infrastructure. Decentralized web applications sound very specific and look like they will primarily be used for private networks. Security between a few parties is likely to encourage moving away from a public, centralized network.
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