Web3 vs Metaverse

By juegoadmin | nyc gaming companies | September 9th, 2022

Web 3.0 Vs. Metaverse – What Are Differences & Similarities?

The introduction of new technologies like Metaverse and web 3.0 is causing a huge stir on the internet. Several large organizations are entering the Metaverse and adopting the technology. Web 3.0 is the latest version of the internet and became popular with the development of decentralized digital assets. 

If you are keeping track of predictions regarding how the internet of the future will function, Metaverse and web 3.0 come up innumerable times in such conversations. But a huge segment of the global population is struggling to understand the implications of the Metaverse and web 3.0. This article will explore in detail the common grounds and distinguishing factors between the two technologies. 

Key Differences Between the Metaverse and Web 3.0

Large organizations using the Metaverse and a web3 development company will never be the same. Let’s understand the fundamental differences between web 3.0 and the Metaverse.

  • Intrinsic Immersiveness

The definition of the Metaverse is definitely far removed from that of web 3.0. The Metaverse is a digital reality that supports interaction between 3D objects. Users are allowed to interact with virtual items as well as each other in the Metaverse with virtual reality goggles.

The Metaverse is an immersive 3D environment powered by virtual, mixed, and augmented reality. The goal of the universe is to mirror the real world with designated areas for work and social activities. The virtual spaces are interoperable, and the Metaverse is hosted on the blockchain to keep it decentralized.  

But web 3.0 reflects an advancement in the management of online services and digital assets. It enables internet users to develop, own, and monetize their content. Therefore, web 3.0 is the future generation of the internet to allow users to control their inventions. 

Web 3.0 has been in the development stage since 2008. It was the time when decentralized digital assets and the blockchain protocol of Bitcoin were created. The Web 3.0 era came into existence by early 2021 when NFTs, cryptocurrencies, and the Metaverse became immensely popular. 

  • Underlying Technology

A web3 development company does not utilize the same underlying technology as the ones expanding in the Metaverse. The Metaverse includes various crucial technologies to support the whole ecosystem. Building the Metaverse requires interfaces, connection, a creator economy, decentralization, experiences, and other supporting technologies.

But web 3.0 aims to create a decentralized web reliable on blockchains and cryptocurrencies. The blockchain network is governed by a decentralized computer network to allow users to interact with online services. Moreover, web 3.0 can also leverage public blockchains to offer open access to all internet users.

  • Use Cases

The potential applications of the two applications is a major difference. The Metaverse combines social networks, movies, video games, entertainment, simulation-based training, and education. But the applications of the Metaverse are still under work, and it is too early to determine whether it can accurately replicate the real world.

But web 3.0 is about offering users the latest version of the internet. It can be treated as a set of rules for all internet users to follow. Therefore, web 3.0 will be applicable to the entire web instead of specialized apps. 

  • Availability

Even if it’s version 3.0, the web is still a virtual location, and it cannot be reached. But the Metaverse is a hybrid of the real and virtual worlds with technologies like augmented reality and virtual reality.

Recently, Facebook transitioned into Meta, and it is an effort toward focusing on the Metaverse. The social media giant will emphasize achieving its objectives through the application of virtual reality. But augmented reality seems close to the future. 

  • Developers and Stakeholders

A web3 development company is completely focused on using an open-source codebase. The present internet has not been built by one single individual. Therefore, we cannot expect web 3.0 to be built by a single individual. 

In the premature stages of its growth, the Metaverse will be dependent on a few specific companies. The tools will be democratized when the platform is in place. Eventually, the code base might become open-source. 

Commonalities Between Web 3.0 and the Metaverse

Despite the differences, the two technologies have some similarities. The two technologies are interrelated and are a part of the way we interact with digital technology. The similarities between the Metaverse and web 3.0 are as follows:

  • Blockchain Technology

From a technological perspective, all advancements with blockchain have some common grounds. Any new blockchain concept and solution can serve as a potential module for integrating the web 3.0 engine to power goods and services in the Metaverse.

  • Inseparable Link

The Metaverse and web 3.0 have an inseparable connection. The Metaverse will keep existing within deep and surface webs. Web 3.0 is considered decentralized.

But the Metaverse will work as a centralized entity for social media controlling platforms. However, the internet will provide access to the digital world. Therefore, both will be open and decentralized for the general public.

  • Constant Evolution

Both the Metaverse and web 3.0 are advanced technologies, but they will keep evolving. They will leverage artificial intelligence and develop user interfaces. The two technologies will be focused on offering the next-generation internet and transforming how users share content online. Both technologies enable consumers to enter the physical and virtual worlds with decentralized solutions. They are both dependent on cutting-edge web technology and HTTP 2.0. 

Wrapping up

While the Metaverse and web 3.0 might not be the same, they don’t oppose the future visions of the internet. The Metaverse holds the potential to change how we work, socialize, and interact online. In the future, web 3.0 will become accessible via smartphones and computers instead of VR headsets. 

The amalgamation of the Metaverse and web 3.0 is still in a nascent stage, and it will develop further to offer an immersive experience. Both technologies focus on developing a new decentralized and open global virtual reality. Users will be able to explore the decentralized realm with the help of web 3.0 and the Metaverse. 

If you want to track the latest technologies or gaming trends, or you want to build any games then head to our Juego Studios website.

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