With recent advancements in AI and 5G technologies,as well as the nascent
concepts of blockchain and metaverse,a new revolution of the Internet,known as
Web 3.0,is emerging. Given its significant potential impact on the internet
landscape and various professional sectors,Web 3.0 has captured considerable
attention from both academic and industry circles. This article presents an
exploratory analysis of the opportunities and challenges associated with Web
3.0. Firstly, the study evaluates the technical differences between Web 1.0,
Web 2.0, and Web 3.0, while also delving into the unique technical architecture
of Web 3.0. Secondly, by reviewing current literature, the article highlights
the current state of development surrounding Web 3.0 from both economic and
technological perspective. Thirdly, the study identifies numerous research and
regulatory obstacles that presently confront Web 3.0 initiatives. Finally, the
article concludes by providing a forward-looking perspective on the potential
future growth and progress of Web 3.0 technology