History of Web 3.0

History
The term ‘Web 3.0’ was first coined by John Markoff of the New York Times in 2006, while it first appeared prominently in early 2006 in a Blog article written by Jeffrey Zeldman in the “Critical of Web 2.0 and associated technologies such as Ajax”.

The debate originates in summit named Technet Summit in November 2006, in which various software tycoons expressed their views. e.g.

Jerry Yang, founder and Chief of Yahoo, stated:

“ Web 2.0 is well documented and talked about. The power of the Net reached a critical mass, with capabilities that can be done on a network level. We are also seeing richer devices over last four years and richer ways of interacting with the network, not only in hardware like game consoles and mobile devices, but also in the software layer. You don't have to be a computer scientist to create a program. We are seeing that manifest in Web 2.0 and 3.0 will be a great extension of that, a true communal medium…the distinction between professional, semi-professional and consumers will get blurred, creating a network effect of business and applications. ”       —Jerry Yang                                                                 

 While Reed Hastings, the founder and CEO of Netflix, stated a simpler formula for defining the phases of the Web in the same Technet Summit:      “ Web 1.0 was dial-up, 50K average bandwidth, Web 2.0 is an average 1 megabit of bandwidth and Web 3.0 will be 10 megabits of bandwidth all the time, which will be the full video Web, and that will feel like Web 3.0.” —Reed Hastings

 Before this people were very curious about ‘Web 3.0’ as they asked to Tim Berener about the full-fledged information of Web 3.0 as Tim Berners-Lee stated in May 2006:

“People keep asking what Web 3.0 is. I think maybe when you've got an overlay of scalable vector graphics - everything rippling and folding and looking misty - on Web 2.0 and access to a semantic Web integrated across a huge space of data, you'll have access to an unbelievable data resource.”—Tim Berners-Lee, A 'more revolutionary' Web

 The term Web 3.0 has became a subject of interest and debate since late 2006 to till date. But no exact definition has been created that everyone accepts it.