Web 3.0 and Metaverses: The New Decentralized World in Practice

Web 3.0 and metaverses are two terms that describe the evolution of the Internet and the prospects for its further development.

To get a clear idea of what the metaverse is, you need to understand its companion version of the Internet, Web 3.0. In fact, both concepts complement each other and are inextricably linked. But about all this in order: how do Web 3.0 and the metaverse coexist, and what should we all prepare for?

A bit of Internet history

In 1991, the first version of the World Wide Web appeared. Credit for this goes to Tim Berners Lee, who introduced the world to URIs and URLs, as well as HTTP and HTML. Thus began the era of Web 1.0.

It wasn’t until 1999 that the term Web 2.0 was used for the first time, when developer Darcy Dinucci outlined a qualitative leap in the development of Internet technologies. A chaotic decentralized system turned from many PCs into a network in which hyperlinks began to be used simultaneously by many different devices: tablets, smartphones and even refrigerators. It is no coincidence that the term Web 2.0 is sometimes referred to as the Internet of Things.

Dale Dougherty spoke about this at the Web 2.0 Conference in 2004. Even then, in his report, the idea was voiced: the new, second in a row, the web is a convenient platform for interactive websites and all kinds of applications. Moreover, the first place of importance is the content that is generated by the users themselves and not the owners of the resources. In the truest sense of the word, the platforms of the Web 2.0 generation are Twitter, Instagram, Facebook, YouTube, and the like.

How is the second web different from the first? Now users, even without browser support, along with the previous read access, have the following options:

• make and save records of various formats – text, audio, video;
• engage in e-commerce;
• play network games;
• To communicate in social networks.

The next iteration of the Internet – Web 3.0 means for each user, first of all, new opportunities.

What is Web 3.0?

So far, there is no exact wording adopted by the community unanimously, since the concept is under development. According to Tim Berners Lee, the next step in the development of the Internet is the semantic web.

What does it mean? All content that is uploaded to the web must be 100% machine-readable. Voice assistants already exist, such as Amazon’s Alexa and Apple’s Siri. Customizable and trainable, these tools are already making life easier for millions of users. For example, they translate dictated voice messages into printed text.

However, this alone is not enough to describe the current perception of Web 3.0. After integrating the blockchain technology into the virtual space, it was again about creating a decentralized World Wide Web.

Users who have gained access to digital assets are increasingly concerned about the ownership of much of the Internet by large technology corporations. This is the main reason why so many people are interested in decentralization. Moreover, it will allow applying the classical laws of competition to e-commerce, as well as introduce innovative forms of cooperation.

What is the metaverse?

Metaverse does not yet have a single definition. However, there are already a number of formulated signs:

• participants can own digital assets (tokens, NFTs, coins, etc.);
• the virtual world has its own subculture and market economy;
• within a single platform, you can use the same digital asset in each part of it;
• a decentralized virtual universe is independent of the data centers of any companies or corporations.

In essence, the metaverse is a limitless digital space. It can operate with virtual objects, as well as augmented physical reality. Any user can get access here, since it is enough to spend a couple of minutes to download the application to a smartphone or PC.

What are they doing in Metaverse? 

• try on clothes in a digital boutique using a personal avatar;
• fight on game arenas with friends;
• solve work tasks with colleagues in the format of a virtual conference and much more.

ALSO READ: TOP BEST METAVERSE GAMES TO MAKE MONEY

How are Metaverse and Web 3.0 different?

The third generation World Wide Web supports the decentralization of the Internet. Moreover, in the metaverse, each user is free to move freely in any part (a separate platform). In addition, he has the right to sell digital assets or buy them (win, as well as donate).

Definitions in a nutshell

They talk about the metaverse, they mean the digital world, to which three-dimensional objects are available to us in virtual reality. For full-fledged interaction, special headsets are used, for example, Oculus – it was developed specifically for META.

Web 3.0 means limitless opportunities for anyone to create content, as well as its subsequent monetization. If they talk about the third generation web, then they mean the possibility of exercising ownership of any digital object.

What is the novelty of technology?

Connects Web 3.0 and the Metaverse a lot:

• wireless Internet, which took users away from their desktops and allowed them to work and play online anywhere in the world;
• new interfaces, intuitive and designed to reach the widest possible audience;
• decentralization, thanks to which there is no longer a fear that a digital asset will no longer be available due to someone else’s will;
• the economy of creators who initially set the rules of the game, and also offer all users of digital platforms direct participation in their debugging.

As a result, Web 3.0 on the path of further development will be based on public blockchain technologies accessible to everyone. Cryptocurrencies will be its driving force.

How to apply all this?

For now, all kinds of practical uses for Metaverse continue to be developed. This includes education, entertainment, trading platforms and more. However, the final development is still very far away. Therefore, to clearly imagine how the metaverse and web 3.0 itself will change as a set of rules in a few years is beyond the power of even experts.

Conclusion: What does Web 3.0 and the Metaverse mean for each user?

It is wrong to consider both phenomena separately since both technologies are closely interconnected. In fact, to fully communicate with the Metaverse, we need Web 3.0, as Web 2.0 is getting worse at this.

One of the obvious consequences of the joint development of the third generation of the web and the metaverse is the birth of an entirely new financial world. It is dominated by decentralized solutions.