- September 29, 2022
- Posted by: Admin
- Category: Technology
Do you believe you own your Facebook, TikTok, or Snapchat posts? You don’t. Nothing you share on social media belongs to you! Their respective corporations own them. The internet has been operating in this manner for some time. Is there another option? Yes! Before we begin, let us first grasp this futuristic web’s premise.
The Decentralized Web
The internet and its evolution have always captured public attention. Today the version of the internet we have is called Web 2.0. It is dominated by huge organizations, resulting in a centralized web.
Let us now look at the notion of the decentralized web. The decentralized web, or DWeb, might be an opportunity to reclaim control of our data from large tech companies. So, how does it operate, and when can we expect it? It is intended to function similarly to the internet of today but without the need for centralized operators.
In the initial days of the internet, which debuted in 1989, you could communicate with your pals directly using the desktop computers you shared. However, with Web 2.0 in the early 2000s, we began to connect and exchange information through centralized services offered by large corporations such as Google, Facebook, Microsoft, and Amazon. The DWeb is about decentralizing things, so we don’t have to rely on mediators to link us. Instead, users retain control over their data and connect, communicate, and exchange messages directly with others in their network.
What is Web3.0?
Web 3.0 is an idea for the internet’s future generation. It is the growth of user control and ownership over their works, online material, digital assets, and online identities.
Blockchain users can engage with internet services via peer-to-peer networks, a decentralized network of computers rather than a single server. Without the need for intermediaries or permissions, peer-to-peer transactions are feasible, and anybody with an internet connection and a bitcoin wallet may participate. Consequently, individuals may reclaim absolute control over their digital identities and connect their data with other online services by utilizing their private keys.
The world is rapidly transitioning to Web3.0. Below are some of the transitions from web2.0:
- IPFS from AWS
- DAO from LLC
- Brave from Chrome
- Metamask from your bank
- Decentralized blockchains from centralized systems
- Steemit from Facebook
- Star Atlas from Eve Online
Another difficulty with the contemporary Web 2.0 internet is data privacy. While centralized entities have complete control over service access, they do not have full control over user data. By consenting to the terms of service, users register to access a favor and give up their valuable private data and content in return for the convenience of the service. However, under Web 3.0, no one organization has control over access to the service because it is available to everybody. No registration is required, and users have total authority over their private data. However, users must accept responsibility for protecting their data and assets since they will be the sole custodians.
What is the Metaverse?
The word “metaverse” originally appeared in the science fiction novel “Snow Crash” in 1992. Facebook changed its name to “Meta,” bringing the Metaverse into the mainstream. Let’s look at the word’s etymology to understand it better. “Meta” implies “beyond,” “beyond,” or “transcending.” The term “metaverse” refers to a fictitious virtual environment “beyond the cosmos.” It combines virtual reality (VR), augmented reality (AR), mixed reality (MR), gaming, cryptocurrency, social media, and other technologies.
To put it simply- the Metaverse is a new method for people to interact with the internet that transforms it from 2D to 3D. Instead of browsing and interacting with web content on 2D screens on computers or mobile phones by clicking and flipping different pages and tabs, this web content is morphed into three-dimensional objects. Instead of playing games on a 2D webpage, consider online gaming. The website is transformed into a 3D world where users may move around, talk with other users, and play games as avatars. Users can virtually interact with web content and immerse themselves in the virtual world. Using virtual reality spectacles, users visually and physically have realistic experiences by integrating virtual reality goggles.
The Metaverse is predicted to be an emergent dimension that unites social media, work, entertainment, gaming, and education all on one platform by mimicking our real-world actions.
Connections Between Web 3.0 and Metaverse
While Web 3.0 and the Metaverse are not the same, they are also not competitors. Web 3.0 and the Metaverse will almost certainly be based on blockchain architecture, allowing for new levels of democracy. Both are projected to be advanced technologies that evolve and rely on cutting-edge web technology to develop.
Furthermore, both entities will almost certainly employ artificial intelligence to provide a seamless experience. Web 3.0 will employ AI for semantic correlations, while the Metaverse will use AI for 3D building.
The bottom line- changes Web3.0 and Metaverse will bring
Now that we’ve discussed them, let’s look at what Web 3.0 and the Metaverse mean. What role will Web 3.0 and the Metaverse play in the future?
The ideal Metaverse is one in which no one organization has control over its users’ data and assets. Most early-stage metaverses, however, appear to be controlled by distinct service companies today.
Because corporations like Facebook are centralized identity providers, users’ digital identities and material published on platforms like Facebook are stored in centralized servers over which they have no control. As a result, these companies act as technology suppliers, decision-makers, and primary guardians of sensitive data. Users’ data and interests are in their hands.
Even though Network 3.0 argues for a decentralized web, the Metaverse might serve as a foundation for connection. On the other hand, the creator economy of the Metaverse can expand on Web 3.0’s ambition by developing an entirely new monetary system based on distributed computing.
Despite the fast emergence of NFTs, P2E games, and DAOs in recent years, the Metaverse continues to be far from fully developed. There is still much room for technological advancement to render the metaverse experience more immersive.
The Metaverse of Web 3.0 will demonstrate the virtual world’s future open and decentralized reality. Web 3.0 and the Metaverse will be fascinating to observe in the future!