Web 3.0 vs Metaverse
To me and to many readers, the comparison between web 3.0 and Metaverse may seem like the comparison between the fax and the email. While the two topics seem similar at first glance, let’s simplify (in the following section) on how they differ.
While web 3.0 utilizes decentralized protocols such as Blockchain, a Metaverse is a network of 3D virtual worlds focused on social connection. Metaverse is a virtual world that operates on a decentralized Blockchain network. The convergence of web 3.0 and Metaverse can lead to a new era of digital innovation.
Web 3.0
Web 3.0 will utilize decentralized protocols such as Blockchain. In today’s world, while internet users use services provided by Google, Apple and Amazon, these companies dictate what services their users can use and act as middlemen between their users and their wants. On the contrary, web 3.0 operates on decentralized network and does not require permission. In other words, internet providers or service providers do have the authority to impose their will on who uses their services i.e., there are no intermediaries.
Core components of web 3.0
o Block network is one of the web3’s key features, which looks at the decentralization – built on blockchain technology. Thus, users own their data and are free to trade them without worrying about losing ownership, losing privacy, or depending on intermediaries. In addition, it allows you to log in securely over the internet without being tracked by anyone. Also, block-chain based tokens and cryptocurrencies in web 3.0 are important aspects of the internet era where users can earn rewards for their contributions to the platform’s growth by transparent monetization and contribution.
o Artificial Intelligence though have the share in web 2.0, most of the activities are still largely human-driven as long as the big tech companies control majority of the internet traffic. For example, some companies may hire large groups of people to write excellent product/service reviews and are being paid huge amount of money; while people may be paid to rate/review the app/service very poor. With AI in web 3.0, the components of the internet will be distinguished between legitimate and fraudulent actions, thereby providing more accurate information to the users.
o AR & VR technologies will be used in Metaverse to enhance users to work, learn, play, entertain and play games with other people. Fungible (dividendable and exchangeable) tokens will be used to buy digital assets of the world like virtual land or outfits for avatars.
o In order to build some web 3.0 applications, the three technologies viz., AR, VR and holographic projections will be used.
o A non-fungible token (NFT) will be used to facilitate virtual reality transactions.
o Examples of web 3.0 applications are Bitcoin, Apple Siri, Opensea and Google Cloud.
Metaverse
A Metaverse is a network of 3D virtual nodes focused on social connection. It is described as a hypothetical iteration of the internet as a single, universal virtual world that is facilitated by the user of virtual and augmented reality headsets.
Application/Use cases of Metaverse
o Virtual reality
o 2019 marked the debut of Facebook Horizon, a social VR world.
o Metaverse development by Facebook in 2021.
o In 2017, Microsoft developed AltspaceVR, a VR company.
o Microsoft incorporating Metaverse features where Virtual avatars and virtual reality meetings are conducted in Microsoft Teams
o Video games
o Minecraft’s social gameplay represents an innovative analogy to a Metaverse.
o Metaverse technologies have been integrated into modern internet-enabled video games for some time now.
o Hardware Technology
o Smartphones and general-purpose computers are the entry points to the Metaverse.
o With the development of lightweight wireless headsets, the desire for retina display pixel density has increased.
o At present, hardware development is focused on overcoming VR headset limitations, sensors, and increasing immersion through haptic technology
o Software Technology
o Virtual environments have been standardized in a number of projects.
o Metaverse is an internet that is multidimensional and inhabited by live people.
o
According to NVIDIA, their Metaverse development tools
will be accepted in USD.
Will review your comment and get back!