In my previous article I talked about why Web 3.0. is the next natural step in the evolution of the internet; today, I want to go beyond digital ownership and talk about why Web 3.0. is destined to succeed, and why once it takes off, we’ll never look back.
The World Wide Web was invented at CERN in 1989, originally conceived and developed for automated information-sharing between universities and institutes around the world. But CERN made a very specific choice in those early days and made it open source to maximise its spread and impact. The fact that everyone had access to it paved the way for the Internet to flourish and evolve into what it is today.
In tech, composability is a feature of open-source applications, and it means that a software is free for for anyone to use, build upon, reassemble, or adapt. It’s basically the same philosophy of collaboration, transparency, and inclusion that permeates all of Web 3.0. But it’s not just about feeling charitable with our IPs; it’s about maximising efficiency and exponential growth.
In the crypto space, composability has already been the driving force behind its rapid growth and innovation. Even small teams can easily bootstrap their projects without having to build everything from scratch. Decentralised platforms offer the building blocks for developers to quickly get up to speed with their projects, and they provide a built-in global audience. In return, the platform’s ecosystem grows and flourishes. It’s a win-win. The key here is that while a lot of Web 2.0. tech giants think about innovation as a zero- sum game, Web 3.0. is all about WAGMI.
Innovation also appears to be flourishing when developers can easily apply their concepts to a huge variety of industries within the sandbox of their choice. For example, developing and merging games and financial instruments within the same ecosystems lead to the creation of P2E crypto games. This innovation of players earning in-game assets and cryptocurrencies for playing games pushes the video game industry to an awesome new era, and unlocking a highly valuable new market.
So composability doesn’t just make sense from developers’ point of view. It inherently leads to better user experiences and more variety in problem solving applications. If anyone can take an existing idea to make it better or leaner, that serves everyone’s interest. Basically it’s Web 3.0.’s answer to the centralised, secretive products of Web 2.0 tech giants. Once we understand composability, we not just understand why Web 3.0. is destined to success, but we can clearly see why Web 2.0. is destined to die. Rabid patent and data protection, incompatible and convoluted technological infrastructures simply kill innovation and growth. And it’s time to put it to bed.