The real value of Web 2.0

The real value of Web 2.0

What is the real value of Web 2.0? How much long term importance do Web 2.0 applications contain?

I strongly believe in the idea of 'real quality' which is related to concrete value associated with a given product. 

A house is useful as its serves a meaningful purpose in day to day life and provides humans with an added value and significantly better lifestyle (as opposed to ... say ... living in the open air or having to sleep in a cave during a cold winter night).

This is one simple reason behind enormous success of property market (or real estate) around the world.

If we apply the same principle to the Internet, we should be able to 'judge' long-term real valuable web ideas based on the same merits.

What really has true and real, concrete value on the web? How much of the modern web is about 'talk' and sales pitches and how much of it is truly worth while? 

I have a feeling that many of the Web 2.0 ideas are too 'fizzy' and that they will be going 'flat' in not a very long time from now.

Main reason behind it is that many Web 2.0 applications seem to be based on a novelty factor which tends to fizzle out after about 2-4 years of existence.

Does this idea hold or are we moving to the era in time where perceived value is becoming the real value?

Is virtual reality going to become 'the reality' in future as people increasingly start trading virtual houses, treating them as real world property (to draw a parallel with an earlier example)?  

I am playing Second Life now and trying to understand this notion a little more as I am planning to write much more detailedly in one of my future books.

Jason Grant 

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