Two buzzwords in the internet world lately Web 3.0and the metaverse. Seeing the growth potential offered by these new platforms, many companies are exploring the possibilities offered by Metaverse Web 3.0and Metaverse technologies. While both technology trends describe the future of digital reality and the web, they differ in what they do and how they do it. However, these two concepts and their functions are different from each other. Here’s a look at these two buzzwords to better understand where the internet is going in the future.
definition
In short, the Metaverse reveals the ever-expanding everyday experiences that will be available on the Internet (such as gaming, socializing, learning, and working), while Web 3.0attempting to solve the Internet's current problems (such as ownership, privacy, and control) through decentralized technologies ).
What is the Metaverse?
Metaverse is a term that came into existence from the 1992 science fiction novel Avalanche. In the novel, the author describes the Metaverse as a virtual reality-based successor to the Internet. The book envisions a future where people can use their avatars and interact with others in virtual worlds. This is the Metaverse as most people understand it: a 3D immersive world built using augmented reality (AR) and virtual reality (VR) technologies. There, users can communicate and interact with each other as 3D avatars through devices such as laptops, desktops, and VR headsets. A metaverse can be centralized, decentralized, or both.
What is Web 3.0?
Meanwhile, the so-called third wave of the network, i.e. Web 3.0, is a term first coined by the co-founder of Ethereum Gavin Woodin 2014. Its definition is much broader and harder to pin down. Nonetheless, it generally refers to the use of decentralized blockchain-based mechanisms to store users’ data on the blockchain and give them control.
Web 3.0Web 2.0It was a major step forward in terms of backend and infrastructure changes from (the second wave of World Wide Web development). Web 2.0It's about bringing the web to the masses, but Web 3.0it's about decentralization and taking back control from central authorities. Web 2.0and Web 3.0the most notable difference is that the latter is based on blockchain technology. A blockchain is a distributed database that allows secure, transparent and tamper-proof transactions. It also makes it ideal for developing decentralized applications (dApps) that run on public blockchains or peer-to-peer networks.
technology involved
Web 3.0Comprised of a decentralized web powered by blockchain technology, it also employs cutting-edge technologies such as artificial intelligence (AI), machine learning (ML), and the Semantic Web (a new form of web content that focuses on meaning rather than data structure) ), providing a more democratized, efficient, and personalized user experience; it prioritizes collective ownership, personalization, and content sharing.
The Metaverse, on the other hand, is designed for virtual worlds, and the experience building blocks in the Metaverse include AR, VR, and MR (Mixed Reality). AR integrates virtual objects into the physical environment around us, while VR technology allows you to enter a 3D virtual world through 3D computer modeling. Augmented reality glasses and virtual reality headsets are devices that take us into the virtual world.
possible scenarios
Decentralized Autonomous Organizations (DAOs), Decentralized Finance (DeFi), and Non-Fungible Tokens (NFTs) Web3.0are some of the products emerging from . For example, users can now own a part of the internet by purchasing tokens that exist on a blockchain network: fungible (such as cryptocurrencies like Bitcoin and Ethereum) and non-fungible (such as NFT art collections).
As for the Metaverse, it can be seen that different fields such as gaming, social networking/entertainment, and real estate are now entering VR technology to provide users with a more realistic and immersive experience. For example, Horizon WorldsFacebook (or Meta) released a social VR platform where people can interact with others and play games. Work meetings with colleagues in the Metaverse can also be scheduled using virtual office apps such as Nth Floor. Its other major opportunity is new marketing opportunities, with many brands, like Nike, H&M and Walmart, creating their own virtual worlds where users can buy products and connect with brands. Additionally, there are blockchain scenarios in the metaverse, such as the virtual world Decentraland and the video game platform Sandbox. These applications are fully decentralized, which means they are owned by the user or controlled through a DAO.
Summarize
All in all, while these two concepts are not the same in nature, they are certainly interrelated in many ways and revolutionize the future of the Internet and the world.