Surely you have heard about Web 3.0 – the next stage of the Internet development which promised revolutionary changes in the online industry. But you still have a hard time understanding exactly where this cutting-edge technology is being applied. Vladimir aka Lado Okhotnikov will tell us about о new generation of the Internet and look into the future in which Web 5.0 dictates its own rules. We will also tell you how the Asian and Middle Eastern markets influence global technology trends and why, even hypothetically, there will not be a single dominant company in the next generation networks. 

 

Lado Оkhotnikov is a bright person who has made a significant contribution to the cryptocurrency world and blockchain technologies. Lado is the owner and CEO of Meta Force (and CEO of Forsage in the past). His passion for innovation and his belief in the future make him an important figure in this field.

 

Lado is a successful businessman, and also a man with a heart opened to charity. His participation in various educational projects demonstrates a desire to share success and help those who need it. That is why Vladimir Оkhotnikov inspires his personality and helps us understand how technology changes the world for the better

Lado Okhotnikov on the Paradigm Change

Let’s imagine a place where a person spends time and finds information. In the very first version of the Internet we read, watched but could not comment.

 

Web2 gave the opportunity to share content and communicate with each other. Remember how quickly social networks and sites appeared where you could leave comments and upload photos or videos?

 

The transition to Web3 marked the stage when not only people but also computers began to talk online. Interactive applications and systems appeared that began to “think” on their own.

 

Decentralized social networks have taken the place of ordinary social networks. Instead of storing user data on central servers, they began to use the blockchain to protect personal information.

 

Virtual worlds called Metaverses appeared, where users were shown another reality in which they took possession of real estate and characters in the NFT format (non-fungible tokens).

 

The apogee of the development of the third generation Internet was the introduction of DeFi – decentralized finance. This made it possible to receive lending, exchange and investment services without intermediaries with minimal commissions. Such systems began to work on the basis of smart contracts, which made them more open and independent.

 

Simply put, in Web2 we communicate and create primitive media products, and Web3 makes the same content more intelligent and “talkative”. 

Eastern appetite

No one has shown such economic resilience in a bear market as the countries of the Middle East. The pace of the region showed stunning statistics – the increase was more than 45%, which opened up huge prospects for the participants. 

 

In the United Arab Emirates two-thirds of government programs are already running on the blockchain. The central bank has successfully tested cross-border digital currency payments, and Abu Dhabi has announced the launch of a new program for women.

 

The Women of Web3 project helps to learn more about how new technologies can be used. Users are supposed to learn how to create new things online and understand how to make the internet a safe place for everyone. It’s like a training session where girls can ask questions and learn a lot of interesting things.

 

The purpose of this program is to show that crypto is not only for men. Girls and women can also be part of the new age of the Internet and contribute to its development. Web3 Women wants every girl and woman to feel confident in a world of innovation.

Vladimir Okhotnikov: The change of economic landscape in Africa

Nowhere else is there such an active transition to the third generation Internet as in Africa. Since the beginning of the year, the number of users who began to accept cryptocurrency has increased in Kenya by 8.5% and in Nigeria by 6.3%.

 

Experts have linked the popularization of crypto among young people with economic factors. Basically, the devaluation of national currencies and a high degree of unemployment served as a driver for the development of cryptocurrency as a tool for earning.

 

In Kenya, Nigeria and South Africa, Web3-related companies have attracted 70% of the total investment in blockchain projects. From the beginning of 2021 to 2022, projects received 11 times more investment than in any other industry.

 

“Despite rapid growth, problems with regulators remain. The authorities are worried about the loss of control over financial policy and traditional financial systems, because of which there is an artificial delay in the process of introducing blockchain into all government structures,” Lado Okhotnikov, founder of Meta Force, says that pressure from regulatory bodies does not fully unleash the potential of the next generation internet.

 

It has been revealed that the participants of the Unstoppable Women of Web3 plan to train six million women in Africa to use the 3G Internet over the next five years.

 

NFT Domains, African Leadership Group, Polygon Labs, Africa Women CEOs Network, Sankore 2.0, and a dozen other companies offered to help organize Web3 events.

 

Fred Swaniker, a founder and CEO of the African Leadership Group, stressed the importance of Web3, “It will bring diversity to the field and strengthen Africa’s position. Given the growing importance of the blockchain industry and the role of young people on the continent, every effort must be made. This is what we expect from the program participants who volunteered to help us master the new technology.”

 

Swaniker also expressed his hope for comprehensive assistance in the issue of digitalization and added, “It is planned that by 2035 we will grow the most powerful young workforce in the context of a global transition to an updated version of the Internet.”

 

Along with this, Web3 continues to develop in Africa, and new and interesting projects have already appeared.

 

AIDChain has improved transparency and efficiency in humanitarian aid, and Zippie has given easy access to cryptocurrencies and decentralized services. 

Cryptoasian Odyssey 

 K33 Research conducted a study using data from 10,000 crypto companies around the world. Through Crunchbase and with the help of artificial intelligence, they found that of the 400 million people who own crypto assets, almost half are concentrated in the Asia-Pacific region.

 

Asia is ahead of Europe, America and Africa in terms of the number of transactions in the cryptо 

 

According to Daniel Kim of Tiger Research, a Web3 market research and consulting firm, Asia is set to become the epicenter of the world’s cryptocurrencies in the next five years.

 

“Thanks to clear rules in the field of crypto regulation, favorable tax rates and the established status of international financial centers, India and the Philippines are in a good position,” stated Vladimir Okhotnikov aka Lado and outlined the importance of these participants contributing to the promotion of cryptocurrencies in the region.

 

Lennix Lai, Chief Commercial Officer of OKX Global, says Web3 shows great potential, “We are actively investing in the region, complying with regulation and attracting promising talent. Through our investment platform OKX Ventures, we are constantly looking for creative youth who will revolutionize the digital world, as Web5 is just around the corner.” 

“Voluntary” expansion

Imagine the Internet as a library, where each version is like a new floor.

 

Web1 was the first floor where we only read information. In version 2.0, a second floor was added, where they began to communicate, share and create their own content.

 

Web3 has become smarter, making it even easier to find information and use different services based on the blockchain. DApps, NFTs and smart contracts have made this job much easier.

 

And now we have the prospect of implementing Web5, allowing not only to find information and create content, but also to do it securely and anonymously. Imagine if the internet could understand how you feel so that your online experience is more enjoyable and organic?

 

The fifth generation will give users ownership of their data. This means that you will be able to control who can access your information and how it will be used.

 

The “next level” is supposed to open up opportunities for creating the best innovative applications based on human emotions. Connections with which the Metaverses will become even more important in everyone’s life.

 

“The development of an alternative reality, the Metaverse, is already underway, in which you can earn, study, conduct courses, visit and relax. Our thoughts are that more than half of the time a person will spend in the digital world, so we need to prepare for this as well as possible,” Lado Okhotnikov about the Metaverse project developed on the Meta Force platform. 

Lado Okhotnikov about the transition to Web5

Many of us use “centralized social networks” such as Meta (formerly Facebook) or X.com (Twitter). All the data you leave on these platforms is controlled by one company and no one else.

 

With the transition to Web5 everything will change. The new network will become decentralized, which means there will be no one who continues to control everything. Instead, our data will remain on platforms that anyone can access. 

 

At the World Economic Forum, major web browser companies have been instructed to start blocking resources deemed “unwanted” by the elites. You will only see what is shown to you online.

 

The transition to a new version of the Internet will make censorship much more difficult and manipulation impossible. What we see will turn out to be true, and it cannot be faked.

 

However, Web5 has not been launched and the exact capabilities have not been determined, so we can only guess about the functionality.

Is Web5 necessary?

Definitely there will be an update. When? It is not yet known but in the next few years we will see significant progress in this direction.

 

An open, secure, inclusive network still sounds like a utopia. However, the blockchain was created for this, to give users more freedom. Therefore, there will be no companies that are familiar to us that single-handedly continue to control the Internet space.

Surely Web 5.0 will fully integrate artificial intelligence or visually interesting user interfaces will be created. Perhaps they will use complex smart contracts to automatically perform actions. In any case, for now, we can only guess what form our digital future will take.