Web3 vs Metaverse: All You Need To Know
In the history of mankind, the internet is undisputedly the most significant technological revolution. Two terms are constantly buzzing with a lot of hype and exhilaration in the business technology world, Web 3.0 and Metaverse. Let’s have a look at what they mean.
What’s Web 3.0?
It is called the internet’s next level, the web will be more immersive and interactive. Berners-Lee coined the term “Semantic Web” used to describe the web in the machines that process content in a human way. It’s built using the core concepts of openness, decentralization, and vast user utility. Rather than simply viewing images and text which is translated into the machine’s language, web 3.0 permits the machine to understand what the user is looking for online.
It can be described as the interconnection of data, which was stored in centralized repositories, in a decentralized way. It enables the information process through technologies like Big Data, machine learning (ML), decentralized ledger technology (DLT), etc. in a human-like smart way. So, machines and users will be able to have direct communication, and for that to happen the data must be understood semantically and linguistically.
While web 3.0’s limelight is on the evolution of the internet in the future, the metaverse’s limelight is on how we experience it. Metaverse is a concocted iteration of the internet, a matrix of 3D virtual worlds centered on social connection. It is a blend of virtual reality and mixed reality. To experience this marvelous reality, if have a browser and a headset, you’re good to go.
Every metaverse has a diverse configuration. For instance, Second Life is different from Fortnite, which is different from Pokémon Go. All of these have approaches, currency, interactions, and avatars.
Difference between Web 3.0 and Metaverse
|Ownership||Decentralized||Digitally collective space|
|Central Technology||Cryptocurrencies, Blockchain, NFTs, DAOs, DeFi (Decentralized finance)||Human Interface Decentralization technologies Connectivity technologies|
|Scope||Connected throughout the web||Under development, prospective application areas are at an explorative stage.|
|Specifics||Powered by: AI (Artificial Intelligence), Blockchain, Decentralized Autonomous Organization.||Powered by: VR, XR, NFT, Geo mapping, 6G, WIFI.|
|Technology||DAOs, Blockchain, Cryptocurrency||5G Human interface AR|
|Target||Peer-to-peer network, Blockchain||World facility AR (Augmented Reality) VR (Virtual Reality) XR( Extended Reality)|
|Application||Crypto world, Democratic system||Health, 3D training, Gaming, Social Occasions Social Media|
|Study||Owned individually, synchronized internet||The physical entity is dematerialized into a digital space|
|Use Cases||Look into information, relate with others, and craft content||Social VR 3D virtual fusion|
Connection: Web 3.0 and Metaverse
- Blockchain architecture
- Exceptional level of access
- Both have an inseparable link
- Creation requires top-notch web technologies
- Core Technology: Artificial Intelligence (AI)
Why should we invest in Metaverse and Web 3.0?
We may not know what the future holds regarding Web 3.0 and Metaverse, but judging by the past advancements we have an idea that investing in these will give us benefits. Projects like SMART VALOR and Cryptocurrencies have been proven successful. The future is here, and it has given back control to the users regarding their data and assets without the dependency on centralized repositories. By the year 2024, this market will reach 800 billion USD. Many companies have already started working with web 3.0 and metaverse. Some examples are Facebook, Amazon, Microsoft, Disney, and Roblox. Businesses are enabled to gain profits, potential customers, and revenues by bridging the gap between the virtual and real worlds.
So far we have highlighted the differences between Web3.0 and Metaverse. They are intrinsically different concepts, but the same. Web 3.0 will strengthen the presence of the metaverse and vice versa. Metaverse is digital and Web 3.0 supports a decentralized web. But, web 3.0 can assist as a metaverse connectivity source. Meanwhile, the metaverse can develop a financial world improving web 3.0’s vision by administering decentralized solutions. This interdependency is promising and there’s no doubt people all across the globe will get to have an enriching experience.
How does Teknoverse aid in the development of Web 3.0 and Metaverse?
With the help of our expert metaverse developers, we at Teknoverse build for you a virtual world. We strive to give your business optimum success by offering very reasonable rates and excellent quality development services. Integrated with Web 3.0, the following are some game development services we offer:
- Mobile Games
- Blockchain Game
- NFT Games
With the help of our professional team, Teknoverse transforms your vision and dreams into successful enterprises. Your criteria and standards are our topmost priority, keeping that in mind we build for you top-notch technology along with maintaining your business caliber.