Aug 18, 2022
Metaverse and Web3 Are Different
The “metaverse” and the “Web3” are often used interchangeably, but they are not the same. Although distinct, they share a common bond and can mutually benefit one another.
Web3 is, in a nutshell, the next logical step in developing Web2, the current iteration of the internet. Internet as we know it has evolved into Web2, owned and operated by a conglomerate of businesses. Web3 is a decentralized, peer-to-peer network that does away with the need for centralized server infrastructure.
Web3 is the decentralized internet that is coming to replace the current web. The web3 architecture is designed to be a decentralized, peer-to-peer network of nodes. The web3 stack consists of protocols, standards, and interfaces that provide the backbone for this new type of internet.
Web3 is an initiative to shape the future of the internet. It’s the next logical step toward giving users complete control over their content, digital property, and digital personas in the digital realm.
Meanwhile, the Metaverse is a virtual world that could be accessed through an immersive experience like VR or AR. It is a virtual reality environment where people can design their spaces and objects using tools like 3D modeling software, text editors, and voice chat systems.
The Metaverse can be owned by a centralized organization like Meta or one of its competitors, or it can be administered independently by many users. To ensure that users retain ownership over their data, the building of the Metaverse must follow a decentralized approach. The Web3 standards and guidelines will make the combination of web3 and Metaverse possible.
The Metaverse is more immersive and interactive, while web3 is more like a decentralized internet.
Conclusion
The Metaverse and Web3 connectivity go hand in hand.
Each is based on innovative technology that will continue to evolve.
Web3 and the Metaverse are still in their infancy. The final results may differ considerably, as technology does not always match the intended usage.
Are you interested in articles that simplify Web3, blockchain, and metaverse? Follow me for more.
New to trading? Try crypto trading bots or copy trading
