The internet continuously evolves, leaving behind the older versions that we all thought were marvelous. Each day, the internet surprises us with its new inventions. If you have been updated with the speculations of how the internet will look and function, you must have heard the terms “Web 3.0” and the “metaverse.”
Even though Web3 and metaverse are related in some ways, they aren’t the same. However, both the concepts would have a vast and long-term impact on future connectivity. Hence, reflecting on the differences and uses of the tech world is crucial as both refer to the internet’s decentralized and business transformation futures.
An Overview: Web 3.0 Vs. Metaverse
As the world struggles to understand the basics of the metaverse, talks about Web 3.0 also indicate crucial implications. However, you can clearly understand Web 3.0 and metaverse as defined below.
What is Web 3.0?
Web 3.0 is the next-gen concept of the internet. It’s an evolution of how users can manage and own their online content, identities, and digital assets. Using artificial intelligence and machine learning, users can interact with data.
The Web 3 revolution will employ decentralized products like blockchain - the tech that enables crypto transactions and much more. By addressing critical data ownership and control issues, it mentions some of the concerning setbacks and shortcomings of the current digital era.
Today, most of the world’s population relies on internet-related services giant tech companies offer. These companies mention what services their users can use and act as an intermediary between their users and their wants.
However, Web 3.0 runs on a decentralized network and doesn’t need permission. Internet providers don’t have the authority to dictate their will on who uses their services and do not act as middlemen between users and their wants.
What is Metaverse?
While Web 3.0 is about who will manage tomorrow’s internet, metaverse focuses on how users will experience the internet in the future.
At present, most navigate websites and applications through computer screens, tablets, and smartphones. Metaverse advocates say we’ll employ virtual reality (VR) to enter the internet in the future, shifting around the virtual worlds in the digital form.
In simple terms, a metaverse is a web of 3D virtual areas centered around a social connection. It refers to a future virtual world that offers access to a versatile variety of entertainment and projects using the complete range of augmented reality (AR).
Difference between Web 3 and Metaverse
A metaverse is a computer domain in VR where you may interact with 3D objects. With the help of VR goggles, users can interact with other users and virtual objects in the metaverse. Whereas Web 3 indicates a big advancement in managing digital identities and assets. Users might generate, own, and monetize their creations using Web 3. Henceforth, Web 3.0 is a vision of the next-gen, wherein users dictate their innovations.
Talking about technicalities, metaverse highlights various technologies that facilitate the whole ecosystem. You’ll require interfaces, experiences, connection, decentralization, and supporting tech. On the other hand, the goal of Web 3 is to build a decentralized network only on blockchain and crypto. Using blockchain, users can engage with online services controlled by a computer’s decentralized network. Moreover, Web 3 can use a public blockchain to provide open, free access to anyone with an internet connection.
Next comes is applications of these two next-gen technologies. While metaverse combines entertainment, education, gaming, social networks, and simulation training, they are still under development. Hence, it’s too soon to speculate whether the metaverse will be able to reflect all the real-world activity. Whereas, in Web 3, you might think of it as a set of rules that applies to everyone who uses the internet. Hence, Web 3 will apply to the whole web instead of specific apps.
The Bottom Line
While Web 3 and metaverse aren’t the same, both the technologies support each other flawlessly. You can recognize how Web 3.0 and metaverse are interrelated and dependent on each other. The metaverse is a virtual space, and web 3 is decentralized - it could act as a basis for metaverse connectivity.
“The internet of the future
will be a lot like today,
but with an evolution from
metaverse and Web 3.0.”
Despite overcoming the technological bottlenecks to creating the metaverse, people might still like to experience the internet how they do today - as perfectly put by the CEO of Tesla and SpaceX, Elon Musk. The likely scenario is that the future internet will be much like today’s integrated, screen-based internet with the latest elements from metaverse & Web 3.