Web 3.0 Applications Supported by Artificial Intelligence and Blockchain Technologies

Abstract

Web 3.0 is a term used to describe the next generation of the internet that is being built on blockchain technology. It is expected to have a significant impact on society by decentralizing power and control over social media platforms and other mediums of cultural interaction. Web 3.0 gives power to the actual participants in the cultural economy - the creators and the community. With Web 3.0, communities can be more than just consumers of culture - they become active participants in the creator economy. They can become owners and decision-makers in that role instead of just being fans. While research on various aspects of Web 3.0 applications is progressing at a very fast pace, this is only the beginning. There are still a number of issues that have to be explored in terms of the design, implementation and deployment Web 3.0 applications and the enabling technologies. For example, various issues that need to be addressed include extendibility and interoperability of blockchain, NFT based authentication technology based on digital wallet, reward method-based consumer's efforts, Web 3.0 business model etc. This special issue focuses on these issues and present the state of the art in Web 3.0 with AI and its applications.