How is Web 3.0 Related To The Metaverse?

How is Web 3.0 Related To The Metaverse?

“We are at the beginning of the golden age of AI. Recent advancements have already led to inventions that previously lived in the realm of science fiction- and we have only scratched the surface of what’s possible.” Jeff Bezos

Technology has been there with us for decades but how far it has come is the real question and what is there yet to be discovered. Some say that it is only the beginning of the golden era while some believe that we are living in the golden era of technology. It is all the game of perceptions but it is also an obvious fact that is still a lot to come and the experts are at it.

Has anyone ever thought that students will be able to buy customized Cheap Dissertation Writing Services from online platforms or will people be able to reach their destination by following a certain voice (Siri)? No; right? But people have experienced that phase and now are anxiously anticipating two of the most talked about technical developments; that is web 3.0 and metaverse.

 

Artificial Intelligence:

Artificial intelligence has sneaked into our lives without noise and people have accepted this form of technological advancement with open arms.  Why wouldn’t they do that when their daily life tasks are becoming easier; thanks to AI? Basically; AI is the development of such machines that have the ability to operate the tasks like human beings. Visual recognition, speech analysis, and translation between languages are a few examples of Artificial intelligence.  If a machine can automatically Pay For Assignments help that an individual bought from an online platform then it is a feature of artificial intelligence. 

“Predicting the future isn’t magic, it’s artificial intelligence.”Dave Waters

 

Blockchain Technology:

Don’t be concerned about existing competition; be concerned by competition yet to come (bestassignmentwriters, 2020). This competition is going to be the completion of advanced technologies. Blockchain technology is the system of recording information in a way that can never be changed or hacked. It is basically a kind of digital ledger that enables the process of recording transactions and tracking assets in the business or industry.

“Everything will be tokenized and connected by a blockchain one day.” Fred Ehras

 

Relationship between Web 3.0 and Metaverse:

Artificial intelligence and blockchain technology have been briefly discussed in the above-mentioned post because they are closely related to the topic that is going to be discussed. If you liked the movie matrix and the forms of technology used in it to make weave a story then you are surely going to like this post as it is all about metaverse and web 3.0.

In order to comprehend both these forms of technology, it is important to understand the comparison between the two.

  • Differences:

The following are the main points that separate Web 3.0 from metaverse;

 

1.      Web 3.0 vs. Metaverse- Definition:

Web 3.0 aims to use a decentralized form of technology in which the key issues of data ownership and control will be addressed. This form of technology believes in leveraging the power of AI to solve the present-day problems faced by internet users.

On the other hand; the metaverse is the network of social connections based on the 3D technology or virtual world. Metaverse, which was first defined as fictional about 20 years ago, refers to a virtual universe where people feel entirely mentally engaged in augmented virtual reality devices today (NARİN, 2021). This form of technology aims at the creation of a virtual world where billions of people would be able to interact (shop, talk, meet) with one another while physically sitting on their couches.

 

2.      Web 3.0 vs. Metaverse- Purpose:

The aim/objective or the purpose of Web 3.0 is the creation of the next-generation technology that is based on the decentralized and democratic internet environment.  There will be no need for permission from the tech giant when a user will be operating the system.

On the other side; the objective of the metaverse is to build a 3D world of virtual reality.

 

3.      Web 3.0 vs. Metaverse- Application scope:

Web 3.0 is valid to be used all across the web as it is the World Wide Web while the application scope of the metaverse is still under process because it has still not been accepted.

 

4.      Web 3.0 vs. Metaverse- Uses:

Web 3.0 can be used in various places; some of the uses of this technology are as follows;

  • Bitcoin.
  • Apple Sir.
  • Opensea.
  • Google Cloud.

Metaverse has its uses in the following fields of life;

  • Virtual reality including Facebook horizons and virtual avatars projected during Microsoft meetings.
  • Video games include 3D games, multiplayer online games, and social gameplay.
  • Hardware technology includes smartphones, AR, VR, MR, wireless headsets, and so on.
  • Software technology including proprietary technology augmented reality plans, and so on.

 

5.      Web 3.0 vs. Metaverse- Main difference:

The main distinguishing point between Web 3.0 and Metaverse is that in Web 3.0 users can change their creations. They can cultivate, sell, own and buy their content. But, in the case of the metaverse; it is going to be a 3D world where you will interact with other people through virtual reality.

 

6.      Web 3.0 vs. Metaverse- Core components:

The core components of Web 3.0 are as follows;

  • Blockchain network.
  • Artificial intelligence.
  • Virtual reality and augmented reality.

On the other hand; the core components used for metaverse are as follows;

  • The connectivity of actual and virtual environments. (AR & VR)
  • The real-time interaction.
  • 3D object rendering.

 

7.      Web 3.0 vs. Metaverse- Key characteristics:

The key characteristics of web 3.0 are as follows;

  • It is a decentralized form of technology.
  • It does not require anyone’s permission for its functioning.
  • It is secured and prone to hackers.

On the other hand; the key characteristics of Metaverse are as follows;

  • 3D social interactions.
  • Currency ownership.
  • Trade ownership.
  • Economy ownership.
  • Property ownership.

 

·        Similarities:

Along with many differences between these two new forms of technology; there are some similar points among them as well;

  • The basis of both forms of inventions is advanced technology.
  • Another common point between web 3.0 and metaverse is the semantic web.
  • Artificial intelligence is also a key component of technology.
  • Blockchain technology plays a crucial role in both of these forms of technology.

 

The connection between web 3.0 and metaverse:

The above-mentioned post would have helped the reader in understanding a lot of things about these two forms of technology so now it’s time to look into the connection between web 3.0 and the metaverse. There might be many differences between the two but it won’t be an exaggeration to say that they are deeply connected with one another and have immense scope for the future. Metaverse would not have existed if there was no web 3.0 so you cannot work them independently. 

 

Conclusion:

Human beings have come a long way in terms of science and advancements.  Two of the most anticipated forms of technology that have already been introduced to us are Web 3.0 and Metaverse. Hopefully; the above-mentioned post will help the readers in understanding the readers all about both these forms of technology.

 

Bibliography

bestassignmentwriters. (2020, Sep 22nd). Effective Implications of AI | In Creating Content for Digital Marketing. https://bestassignmentwriter.co.uk/blog/effective-implications-of-ai-for-digital-marketing/ .

NARİN, N. G. (2021). A Content Analysis of the Metaverse Articles. Journal of Metaverse , 1 (1), 17-24.