![The Insane Future of Web 3.0 and the Metaverse]()
Facebook, Instagram, and Tiktok are all owned by their respective owners. This was the way it used to be, but there are now more options. The Social Dilemma is a good read if you don't have faith in how the internet operates these days. Web3 is an option to consider.
Understanding what the decentralized web is will help us better grasp it. Large corporations dominate today's Web2; however, this is fast changing to Web3. It's also a way for the internet and virtual worlds to come together so effortlessly in the daily lives that we can interact with them simultaneously. This post will look at the distinctions between Web 3.0 and the Metaverse and how the two might work together more in the future.
A more advanced web
"Web 3.0" refers to a vision for the internet's next iteration. Over time, user control and ownership over online content, digital assets, and digital identities have evolved.
Right now, we're immersed in the world of Web 2.0. Centralization is common in the product and service development and delivery processes of businesses. Instagram is a good illustration of this. Do you consider your Instagram content to be yours? Nope, everything on the site belongs to the firm, and users' content is completely under their control. There is nothing you can do to stop it.
One of the most well-known examples is Fortnite, a popular online video game. In-game identities and things that players "possess" are completely out of their hands. When it comes to content on Web 2.0, users are unable to control or profit from it.
Over 2.5 billion players have been duped into believing that they control their in-game assets. They don't have any control over it.
Web 3.0, on the other hand, allows users to own, control, and monetize their content through the use of blockchain and cryptocurrency. This is how NFTs are made possible. Are you certain you've heard of it?
Peer-to-peer networks, which are essentially a decentralized network of computers rather than a single server, can be used by blockchain users to engage with internet services. Permissionless and peer-to-peer transactions are possible without the involvement of intermediaries, and anyone with an internet connection and a bitcoin wallet like Metamask can participate. As a result, users can regain complete control over their digital identities and share their data with other online applications by using their private keys.
It's no secret that Web3 is gaining traction. Assets on the internet:
- From Amazon Web Services (AWS) to IPFS
- LLC to DAO: the next step in business development
- To Brave from Chrome
- From Metamask to your bank account
- A shift from centrally-controlled systems to blockchains
- Steemit is the next Facebook.
- ranging from Eve Online to Star Atlas
Another problem with the contemporary Web 2.0 internet is data privacy. Centralized entities have full control over the user's data with full control over the service. By signing up for a service, users agree to give up their private information and material in exchange for the convenience of the service. Even though in Web 3.0, no single organization has control over the service's access because it is open to everyone. There is no requirement for users to register, so they have complete control over their data. However, because they are the only ones with access to their data, users must assume responsibility for keeping it safe.
Many people have recognized this and are shifting toward Web3, I believe. Tweets with NFT profile pictures are now being verified on Twitter.
Non-fungible tokens (NFTs), play-to-win (P2E) games, and Decentralized Autonomous Organizations (DAOs) are just a few of the new consumer behaviors that have emerged from Web 3.0 projects in recent months (DAOs).
It's possible to think of Web 3.0 as a set of rules and standards for all internet users, as it's portrayed as the standard for a new internet generation.
As a result, web 3.0 would be applicable across the board rather than limited to certain applications.
The Metaverse
The term "metaverse" was coined in Snow Crash, a 1992 science-fiction novel. Facebook's recent rebranding as "Meta" has taken the Metaverse into the mainstream. The Metaverse is envisioned to be a 3D immersive world where we may spend time socializing and working and having fun and learning. A wide range of technologies, including virtual and augmented reality, mixed reality, and social media, are included.
The Metaverse is a new way for people to interact with the internet by converting it from 2D to 3D. Web material is turned into three-dimensional objects instead of 2D screens on computers or mobile phones, allowing users to view and interact with it differently. Instead of playing games on a 2D webpage, consider playing them online. An interactive 3D area where users may move around, communicate with others, and play games as in-game avatars are created on the website. Virtual reality allows users to engage with web content and immerse themselves in a virtual world.. Immersive visual and tactile experiences can now be achieved using virtual reality headsets.
When it comes to the Metaverse's possible applications, it is predicted to be a new dimension that combines social media and work with entertainment and education.
The Metaverse and Web 3.0 are the waves of the future.
Now that we've covered Web 3.0 and the Metaverse let's look at what they mean. How will Web 3.0 and the Metaverse work together in the future?
The perfect Metaverse, in my opinion, is one in which no single entity has control over the data and assets of its users. However, most early-stage metaverses seem to be owned by separate service providers today. With Facebook changing its name to "Meta," some have said that it's merely a tactic to disassociate itself from the recent data security and user privacy issues that have engulfed the business. In a more positive light, Facebook's foray into the Metaverse helped bring an injection of finance (US$50 million) and talent (10,000 new jobs) together to create its metaverse infrastructure. It helped bring the idea of the Metaverse to general attention.
Users' digital identities and content published on platforms like Facebook are held in centralized servers over which they have no control since firms like Facebook are centralized identity providers. As a result, these firms serve as technology providers and decision-makers and are the primary custodians of sensitive data.
Users' interests and data are in their hands. As many new entrants to the metaverse market sketch out their visions for the future of the Metaverse, decentralization and user ownership must be given top priority, which may be accomplished through the set of rules and standards provided by Web 3.0.
Both Web 3.0 and the Metaverse are entirely compatible with each other. Even though Network 3.0 advocates a decentralized web, the Metaverse could provide a foundation for connectivity. The Metaverse's creator economy, on the other hand, has the potential to enhance Web 3.0's goal by creating an entirely new financial system based on distributed computing.
What kind of internet do we want to emphasize in the Metaverse as we go toward decentralized Web 3.0? Having a public chain that is interoperable and open source is essential to ensure that virtual worlds can seamlessly merge, moving assets from one to the other and smoothly overlapping each other.
Conclusion
The Metaverse is still a long way from being completely developed, despite the rapid rise of NFTs, P2E games, and DAOs over the past few years. There is still a lot of potential for growth in terms of technology that will make the metaverse experience immersive.
Web 3.0's Metaverse will show the virtual world's new open and decentralized reality. In the future, Web 3.0 and the Metaverse will be so exciting to watch!