How do Web3 and Metaverse Connect with Each Other?
While the metaverse and Web 3.0 aren’t the same things, they’re also not opposing visions of the future internet – one, both, or none may happen, and there could be some overlapping that may happen in the future.
A digital artist may, for example, design an outfit for an avatar to wear in the metaverse and then sell it at auction alongside an NFT. This would give the buyer sole ownership of the costume; if others duplicated it, their avatars would be wearing knock-offs. There’s also the potential that we’ll wind up with a Web 3.0 that we access through desktops and cellphones, rather than VR headsets.
That’s especially plausible if the tech sector can’t overcome present technology constraints. Intel recently asserted that computers will need to be 1,000 times more efficient to support the metaverse, and to date, we’re yet to receive VR headsets that are comfortable and inexpensive for us to wear. Not everyone can afford $599 or INR 49k worth of VR headset!
Web3 vs. Metaverse: What’s the Difference
Web3 and Metaverse – two omnipotent words or terms that are generating hype and bringing a wave of excitement to the world of finance and business. Most people are still unaware that the world is shifting from Web2 to Web3 and often confuse these terms. Although they are related in several important ways, they both represent different concepts. The world is moving swiftly toward Web3 –
- From AWS to IPFS
- From LLC to DAO
- From Physical assets to NFT
- From Chrome to Brave
- From bank to Metamask
- From monopoly centralized systems to decentralized blockchains
- From Facebook to Steemit
Since the world is shifting toward the new gen of the internet, we need to see what’s the difference between these two terms. Before that, let’s see what is web3 and metaverse to understand these two terms in brief.
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