Opportunities Created by Web3 and the Metaverse
When discussing the future of humanity, technological progress is the first thing on everyone’s mind. As digitalization takes over, we’re meant to either adapt or get left behind. Forward thinkers choose to revel in the opportunities instead of fearing the change. If you’re a forward thinker yourself, read on to find out what the future holds for us all.
Web1, Web2, and Web3
Firstly, it is essential to clarify the differences between the types of web structures that we developed, based on the internet’s technological advances.
✔️ Web 1 — the first iteration of the Internet and it is also called the read-only web; static pages with no user interactivity or content generation; the purpose of websites was to present information, eliminating the geographical limitations of the information beneficiary.
✔️✔️ Web 2 — the enhanced version of Web1; read-write web where you can interact with other users and also generate dynamic content; users want to participate in curating the information together with the site owner, there is more usability and interoperability in the participative World Wide Web where you can also use an API for software applications.
✔️✔️✔️ Web 3 — the enhanced version of Web2; read-write-execute, a more straightforward link between humans and applications; software can now understand and interpret content just like a human does; semantic markup combines with web services where content is accessible everywhere, and every device is simultaneously connected to the web; AI and 3D are used widely.
The implementation of internet technology created a significant change in society. Some call it a significant paradigm shift. The beneficial impact for retail investors is unquestionable. The invention of electronic markets, automatic orders execution, and transparency were game-changing. It shaped a new face of the investing world and brought new opportunities for more new people.
Communication was always a significant part of people’s lives, considering that we are social beings that need human interaction.
The Internet made it possible for people to meet in a digital space and spend time together while sharing ideas. In addition, the new digital networks created more transparency regarding assets and investors’ actions. As a result, it positively influenced the pricing. Investors could now investigate many more assets and information independently than before the Internet existed, where the broker was highly centralized.
The critical aspect of internet technology’s influencing changes — putting power back into the hands of the people.
As explained above, the Metaverse is a natural effect of technological advancements. Web3 technologies make it much easier for the owner to create a website used as a platform where other users and digital software interact in different ways. In the Metaverse, our universe is projected in the digital world, where people bring as many characteristics as possible from the physical world.
The concept first appeared in this form in 1992 with a book written by Neal Stephenson called Snow Crash. William Gibson also wrote a book called Neuromancer, where he describes a digital matrix-like world.
We have already used many metaverses before. For example, playing Sims or Second Life or immersing in a multiplayer online game. There is a good description of the Metaverse by Matthew Ball, who says:
The metaverse is a massively scaled and interoperable network of real-time rendered 3D virtual worlds that can be experienced synchronously and persistently by an effectively unlimited number of users with a unique sense of presence and with continuity of data, such as identity, history, entitlements, objects, communications, and payments.
Considering everything, we can easily project the history of investments into the present. The same effect will probably take place thinking about the causes and how they are the same. The Internet’s impact on investments in the niche sector when Web1 first appeared created the Dot Com craze and produced fortunes for the courageous investors in the IT sector.
Later on, about one decade later, the implementation of Web2 made fortunes for the people who invested in the online platforms that started to be developed — the platforms that we mainly use today, part of the Big Tech business sector.
Recent history can help us understand more clearly and invest efficiently in the businesses that are developing nowadays on these technologies, most of them using Blockchain and Web3. The struggle is confirmed, the same as always: nine out of ten businesses fail in the first three years of activity. With a carefully created investment plan and risk management, only one out of ten can make a fortune for the inspired investors that were early to support that particular business or project.
Are you optimistic about the possibilities the future holds? If you’re a crypto enthusiast like us, you’re probably eager to explore the world of decentralized technology and delve into the wonders of the Metaverse. Register on IXFI to take seize this moment in history and be part of the change. Your Friendly Crypto Exchange is your ticket to a stable future.
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