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Metaverse Vs. Web 3.0: What’s The Difference?

by Kryptomind Pvt Ltd. 2 months ago in tech news
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Metaverse and Web 3.0 are two different things entirely and fall under the Blockchain niche. They do have some similarities but don't overlap each other.

The internet is continuously growing — today’s version is significantly different from the sluggish, text-dominated one we all believed was the bomb in the 1990s. Tomorrow’s internet will have its wonders.

If you’ve been following any forecasts about how the internet of tomorrow will appear and work, you’ve probably heard the phrases “Web 3.0” and “The Metaverse“ thrown around, but they’re not the same thing.

Here are the differences between Metaverse and Web 3.0 & what each means for your online future.

Web 3.0

Web 3.0 is frequently referred to as the next phase of internet development. It is a revolution in some ways in the fundamental principles underlying how the internet operates. It’s also crucial to remember that web 3.0 is not explicitly defined. Why? It is still an idea that is being worked on. Tim Berners-Lee, the guy who created the internet, believes that the semantic web will be the next significant development in its development.

The semantic web is concerned with making all online material machine-readable. People can question whether virtual assistants like Siri and Alexa are already making the same claims. Does this indicate that the third generation of the web has already begun?

Since 2020, there have been significant changes in how people view web 3.0 and the metaverse, particularly with the introduction of blockchain. As a result, developing a decentralized web is now the primary goal of web 3.0. Given that everyone may use the internet in the modern world, you must ask why decentralization is necessary.

However, a significant portion of the web is owned by large tech companies, making the case for a decentralized web strong. In addition to decentralization, web 3.0 covers various essential subjects, including non-fungible tokens, decentralized finance, decentralized autonomous organizations, or DAOs.

Before learning the distinction between web 3.0 and the metaverse, you may think of web 3.0 as a new strategy for creating a new financial universe. Web 3.0’s primary emphasis will be combating competition from well-known platform companies. It would also try to introduce new ways for online users to collaborate.

Step Into The Metaverse

The metaverse is one of the most discussed topics in technology, which has led many professionals in the field to speculate about its possible ramifications. The involvement of major corporations like Meta, Microsoft, and Epic Games demonstrates promising futures for the metaverse. Additionally, comparisons between the metaverse and web 3.0 also highlight the importance of the metaverse.

What precisely is this metaverse, then? The metaverse is a digital environment that combines virtual environments with physically persistent virtual realities. The metaverse may be viewed as a 3D depiction of the digital world you can access through your smartphone.

Consider using an avatar to shop for clothing at a virtual store and fitting the clothing to ensure a proper fit. In a future where users could easily navigate the various locations, the metaverse would essentially merge several digital realms. Participants may be able to use certain features through the different digital places in the metaverse.

For instance, they can cooperate with coworkers for work in the metaverse or play games with pals. The metaverse’s potential to replace the internet as we know its fundamental concept demonstrates it. From this, you can see how the web 3.0 and metaverse debate has become crucial today.

Difference Between Metaverse And Web 3.0

Definition

A simple comparison between the metaverse and web 3.0 should start by looking at their definitions.

Metaverse

The metaverse is a virtual environment where three-dimensional objects may be interacted with. The metaverse will enable users to interact with other users and virtual things using virtual reality headsets.

Web 3.0

Web 3.0, on the other hand, is essentially an advancement of the methods through which users may manage their digital assets and online personas. With web 3.0, individuals might manage and monetize the material and produce the content of their choice. Web 3.0 is a vision for the internet’s future in which people can claim ownership of their works.

Fundamental Technology

The underlying technology of web 3.0 and the metaverse would be the next crucial aspect to consider.

Metaverse

Various essential technologies exist in the metaverse that supports the ecosystem. You would want connection, interfaces, decentralization, the creator economy, experiences, and supporting technology for the metaverse development.

Web 3.0

The goal of Web 3.0 was to build a decentralized internet that would exclusively employ cryptocurrencies and blockchain technology. Blockchain can facilitate user interaction with online services governed by a decentralized computer network. Web 3.0 can also use public blockchain capabilities to provide open and permissionless access to anybody with an internet connection.

Application Range

The possible uses of both technologies would be another significant distinction between web 3.0 and the metaverse.

Metaverse

Movies, entertainment, video games, education, simulation-based training, and social media platforms are all combined into one platform by the newly emergent metaverse dimension. All of these metaverse applications are still in the development phase, though. Therefore, it would be premature to presume that practically all real-world behavior could be mirrored in the metaverse.

Web 3.0

In reality, Web 3.0 is the new internet generation’s norm. It may be viewed as a guideline that all internet users must follow. Therefore, web 3.0 would apply to the whole web rather than just certain apps.

Conclusion

The conclusion from the discussion of web 3.0 and the metaverse is that the two technologies work flawlessly together. It is easy to see how metaverse and web 3.0 are more interconnected and reliant on one another. The web 3.0 movement promotes a decentralized network, which may be the foundation for connectivity in the Metaverse, a virtual environment.

Additionally, the metaverse’s creator economy can support web 3.0’s goal of creating a new financial system by providing decentralized solutions. The metaverse, however, is still in its early stages of development and would need a significant jump in the underlying technology. On the other hand, with the recent impressive rise of NFTs and DeFi, web 3.0 is taking the proper shape. Let’s wait and see how web 3.0 and the metaverse develop in the future.

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Kryptomind Pvt Ltd.

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