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Web 3.0

The American Tamil Entrepreneurs Association (ATEA) CATEALYZE Conference is a whole-day conference split into multiple parts. “Catalyzing Web 3.0” is planned as a learning session to understand how Web 3.0 is evolving, who are building interesting start up, and learn from VCs what they look for.
Web 3.0 represents the next iteration or phase of the evolution of the web/ internet and potentially could be as disruptive and represent as big a paradigm shift as Web 2.0 did. Web 3.0 is built upon the core concepts of decentralization, openness, and greater user utility. Tim Berners-Lee had expounded upon some of these key concepts back in the 1990s, as outlined below:

Decentralization: “No permission is needed from a central authority to post anything on the web, there is no central controlling node, and so no single point of failure...and no ‘kill switch’! This also implies freedom from indiscriminate censorship and surveillance.”

Bottom-up design: “Instead of code being written and controlled by a small group of experts, it was developed in full view of everyone, encouraging maximum participation and experimentation.”

Catalyzing Web 3.0 is bringing together entrepreneurs building innovative tools, and VCs who are investing in this space.