We are all used to the fact that the Internet is always fast and available almost anywhere. However, a certain percentage of the population remembers how everything was initially. For example, it could take minutes to load a simple page due to a slow Internet connection.
You have probably heard of Web 3.0, but you may not know it. According to polls, many confuse it with Metaverse. However, these are two different phenomena, although a connection between them can be drawn. Therefore, our task is to determine what it is separately, find their main difference, and understand why many people confuse them.
Web 3.0 and Metaverse: Their Definitions
Web 3.0 use decentralized Internet for the most perspective business technology –transactions in the blockchain system. In a case of using private keys of data ownership, it hopes to overcome the significant part of shortcomings of the modern Internet age. Today, a considerable part of the population relies on Internet-related services major technology companies provide. Unlike the Apple platform, these companies decide which services their users can use and mediate between their users and their needs.
However, Web3 runs on a decentralized web and does not require permission. In other words, ISPs do not have the right to impose their freedom on whoever uses their services. They also do not mediate between users and their needs. Web 3.0 is, in fact, an evolution of the way users can control digital assets and online identities.
Metaverse is a network that focused on social and virtual connections. It can be described as a hypothetical iteration of the Internet as a universal virtual world facilitated by virtual and augmented reality headphones. For example, it appeared in the novel Avalanche (science fiction). The development of virtual world platforms has led to the development of various virtual worlds for general use.
The integration of virtual space and economy is one aspect of some iterations. To increase immersion, virtual reality technologies are often associated with its development. As a term, it exaggerates the progress of various new technologies and projects. As the entire social media and video game industry faces challenges, the existence of digital artists, privacy, addiction, and security is a problem in the whole ecosystem of virtuality.
The Essence of Web 3.0 and Metaverse Technology
In blockchain technology, many innovations form the same common denominator of both terms. Each new blockchain concept and solution is immediately considered a new candidate module for integration into the Web 3.0 engine that will work on the Metaverse. Web 3.0 was primarily an improvement on the Internet, a technology that allowed future Internet activities to take place on it.
The second one tells of a future era when computing devices will provide a path for people into the digital world. But what is the peculiarity of each digital artist separately?
Decentralization web is the core of Web 3.0 based on blockchain technology. Each individual user can own their data and trade freely without any ownership battle of privacy or relying on intermediaries. The platform is also developed through transparent monetization and online updates. But there are also rumors that the semantic web can replace it soon.
Web 3.0 digital data is stored on the blockchain, and any system can access data. It helps expand access and increase the chance of failure. Other users do not need special permissions in Web3 to access the Internet. They can access specific online services without disclosing their personal information. So there is no need to violate the privacy or share other information.
As part of the next-generation Internet, the crypto world bitcoin market is being used to promote decentralisation. Web 3.0 networks are designed to provide users access to their data. So people can use different services and provide to each every aspect they use without relying on big technology companies. Their control is an obligatory option.
Meta Virtual Reality
It is a new way for people to interact with the Internet, turning it from 2D to 3D. Instead of playing on 2D web pages, consider online games. The website becomes a 3D environment where users can walk, chat with other users, and play games. In addition, users can interact with data of a new generation in virtual space and navigate websites with new methods.
Most Metaverse games are now in a decentralized network and have an integrated economic supportive architecture. Users can use NFTs to buy, trade, and exchange in-game assets. Also, the idea of avatars exploring vast virtual environments is appealing to users. Using the combined capabilities of Metaverse, AR, and VR, cutting-edge virtual worlds are being built with a first-person experience.
How can Metaverse connect different fields? The intended use is expected to be a dimension of development that integrates social media, work, play games, and education into one platform, mimicking our natural life behavior. Many people focus on creating business products, and others look for ways to make money. Luckily, it can accommodate both sides.
The Metaverse system, combined with many new business concepts, facilitates digital assets’ creation, ownership, and trading. It also tokenizes some versions of real assets and expands the possibilities of cryptos, including non-fungible tokens and NFTs.
What Is the Fundamental Difference between Web 3.0 and Meta World?
Web 3.0 is the next-generation technology that requires a democratic and decentralized Internet environment. The virtual reality headsets want to build a 3D world. You have to consider that Web 3.0 is a process engine that leverages blockchain achievement.
But Metaverse is a new dimension that includes health, the gaming industry, movies, social platforms, education, and virtual learning technologies that use Web 3.0 technological advances to achieve their goals. But what is the essential difference?
Metaverse has several key technologies to help manage the entire ecosystem. The goal of Web 3.0 is to create a decentralized network with only blockchain. Users interact with online services using a blockchain run by a decentralized peer-to-peer digital world.
If you want to compare Web 3.0 and Metaverse, their portraits are the main elements for discussions. The second one is a 3D world where you can interact with 3D friends, objects, and places. In the case of Web 3.0, users can cherish, own, sell and buy their content. In addition, users can pay for their work, but both get an immersive experience.
Different perception methods
While Web 3.0 is primarily concerned with who will manage the Internet in the further future, Metaverse is concerned with how users will interact with it in a better world. And its fans of the Metaverse believe that people will connect to the Internet using virtual reality technology, moving between virtual realms like digital avatars. So data is collectively owned by peer-to-peer networks, open, well-distributed, and collaborative, but it is not the same as being found for business.
Main technology basics
The emergence of cryptographic institutions and further holographic projections were the world’s first decentralization step on the Internet. So it targes artificial intelligence. But, on the other hand, Metaverse is built on augmented reality, human-machine interface, edge computing, creator economy, NFT, etc.
The goal of Web 3.0 is to free the Internet from the monopoly of technology giants and make it the property of public control. On the other hand, tech giants have begun reforming or trying to acquire Metaverse companies to control the world. However, experts assure us that public control of Internet services will make it more difficult for owners of the Metaworld to do business.
It is hard to disagree that both categories under consideration are the engine of innovations, Web 3.0 in the blockchain, and Metaverse as a new dimension of reality. In fact, the second is more focused on the intelligence aspect. But judging by the forecasts and further steps in virtual reality, this is not the only goal.
In a technological sense, many of the innovations with decentralized autonomous organizations form the same general basis for both terms. Therefore, each new idea is considered a new candidate module for integration into Web 3.0, which will support Metaverse products and solutions.
Complex topics often raise additional questions, especially those related to advanced technology. Therefore, we analyzed the top frequently asked questions and prepared short and understandable answers for them.
Of course, yes. The easiest way to earn on the web is by playing digital games in blockchain technology. As for Metaverse, you can invest or create NFTs or custom 3D usable items for the Internet.
Facebook is a big tech centralized corporation that is linked to Web 3.0. And its decision to change the name to “Meta” demonstrated the intent to build and commercialize the Metaverse.
They are digital contracts that are programmed and run on the blockchain. So it makes sense that they play an essential role on the web. In the Metaverse, they also exist to automate operations and ensure that all digital actions are done according to the predetermined rules.