What is Metaverse?
The Metaverse is a virtual world. Yes, it’s just a fancy term that has replaced the word “cyberspace“. The word itself refers to a wide (and frequently hypothetical) shift in how humans engage with technology, rather than any one specific sort of technology. And it’s certainly feasible that the term itself may become obsolete as the technology, it previously defined, becomes more widespread.
The term “metaverse” didn’t just come out of the mouth of Meta founder Mark Zuckerburg first. However, the term was first featured in Neal Stephenson’s sci-fi novel Snow Crash, which depicted a world of virtual reality. Since then, books and films such as Ready Player One and The Matrix have hyped the term to popularize it.
Generally, the technologies that businesses allude to when they talk about “the metaverse” might include Virtual Reality or VR (defined by persistent virtual environments that exist even when you’re not playing) and AR or Augmented Reality (which blends features of the digital and physical worlds). However, it doesn’t mean that those areas will be obtained only through VR/AR.
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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