China looking to ride Web 3.0 wave

BEIJING: Last October, renowned Hong Kong director and comedian Stephen Chow said in his first social media post that he is “seeking outstanding Web3 talent in the dark.”
While many fans still need to become more familiar with Web3 or Web 3.0, the word has been trendy in the tech community these years. Chinese policymakers and tech enterprises are also ramping up efforts to ride the wave.
Gu Feiyong, a manager from China’s internet giant NetEase, said that Web3 will rewire how the internet works, using blockchain to change how information is stored, shared, and owned.
In the early 1990s, the first version of the internet is referred to as Web 1.0. It was made up of static web pages with content used to display information. –Agencies