Web2 is waning; long live Web3!
I recently delivered a presentation titled "How AI is Transforming Web3" at the Artificially Intelligent Enterprise (AIE) Online Conference.
The presentation, embedded below, posits that while Web2 is waning, Web3 is on the rise, significantly driven by rapid advancements in AI.
We anticipate that Web3 will not only utilize blockchain and smart contracts but also integrate decentralized finance functionalities. These advancements, driven by AI, are poised to redefine the Internet's future.
Traditional applications are undergoing a transformation into dynamic, multifaceted systems through AI. This evolution enhances user engagement by offering personalized, data-rich interactive experiences across various modalities including text, voice, video, and images. Unlike the simpler processes of Web2, Web3 is expected to offer complex applications with enhanced capabilities such as the use of cryptocurrencies and multiple blockchains with complete integration, support for decentralized applications (so-called “d-apps”), improved privacy, and robust security features in browsers. (To learn about the 10 best Web3 apps available today, go here.)
The AIE presentation underscores AI's role in enhancing both user and system interactivity and addresses the challenges of adopting Web3, such as security, scalability, and regulatory uncertainties. AI also significantly improves smart contracts, fraud detection, and the optimization of decentralized finance, crucial for the transition from Web2 to Web3. This transformation is increasingly feasible with the growing accessibility of advanced AI tools and a rise in AI expertise, although challenges like data silos remain.
For those interested in viewing this presentation as a video, you can access the live video feeds on May 21st by clicking on the provided URL above.
