What’s the Difference Between Web3 and Metaverse?
Basis |
Web3 |
Metaverse |
---|---|---|
Definition | Web 3.0 will be based on a decentralized blockchain system that will not allow for centralized ownership of information, services, or platforms. | The Metaverse is a 3D interactive experience space that allows users to interact with 3D objects using augmented, virtual, and mixed reality. |
The Application’s Scope | It’s applicable throughout the internet. | Currently, it’s in progress as it’ll take time to develop and some of the areas are still under scrutiny. |
Target | Web3 targets blockchain-controlled and peer-to-peer controlled facilities. | Metaverse targets AR, VR, and MR/XR facilities. |
Application | It applies to democratic internet systems and permissionless financial networks like Crypto. Web 3 leverages ML, AI, and blockchain to attain real-world human communication. | It applies in the virtual gaming world, 3D surgeries, peer-to-peer virtual meetups, etc. |
Depiction | Individuals can own the internet and regulate it on their own accord. | Turning physical materials into virtual material in a virtual world. |
Underlying technology | Blockchain, DeFi, NFTs, DAOs. | AR/VR, 3D Reconstruction, Internet of Things (IoT), Edge Computing & 5G, Blockchain. |
Technical | Powered by DAO (Decentralized Autonomous Organization), AI, and Blockchain. | Powered by 5G communication, extended reality, brain-computer interfaces, cloud computing, blockchain, digital twins, creators economy, and artificial intelligence. |
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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