In this digitized world, the two omnipotent words that create hype and bring excitement among people is Web3 and Metaverse. Many are thinking that Web3 is just a word shifting from Web2 and metaverse is just the advanced version of the tech VR. But, it is definitely not.
With this blog, you can get a clear idea of what Web3 and Metaverse are, the similarities and differences between them. Proceed further.
Web3 And Metaverse - An Overview
Web3, the new era of the world wide web comes with complete decentralization and furnishes a better internet experience and returns power to the users in terms of ownership.
Notable Features Of Web3
Decentralized Autonomous Organization
The metaverse is a distributed digital reality that lets users to connect and interact with each other and develops economies in real-time.
Features Of Metaverse
Web3 & Metaverse - Similarities
Both Metaverse and Web3 are not the same things, But keep in mind that, they are interconnected and have some similar features. Here are the following.
1. Metaverse and Web3 are inherently connected to each other as Metaverse will continue to exist in deep webs, and Web3 is represented as decentralized.
2. Utilization of the advanced evolving technology, Semantic Web is yet another common factor between Metaverse and Web3.
3. Artificial Intelligence, the common ground of similarity between them to deliver the sophisticated user interface.
4. Use of Blockchain Technology, yet one more similarity between Metaverse and Web3 is a potential module to connect the Web3 engine that will power Metaverse goods and services.
Web3 VS Metaverse - Contrasting Facts
The Factors that contrast the technologies Web3 and Metaverse are the following
Web3 targets blockchain-controlled and peer-to-peer facilities whereas Metaverse targets AR, VR, and MR
In web3, Individuals can own the internet and regulate it on their own accord whereas turning physical materials into virtual material in a virtual world.
3. The Application's Scope
Web3 is applicable throughout the internet, but the metaverse is in progress and it takes some time to develop and some areas are yet under scrutiny.
Web3 is powered by AI, and DAO, whereas Metaverse is powered by artificial intelligence, extended reality, cloud computing, 5G communication, blockchain, creators economy, and brain-computer interfaces.
Web3 applies to a democratic internet system as well as authentication-less financial networks like crypto and leverages AI, ML and blockchain to attain real-world human. The metaverse applies in the peer-to-peer virtual meetups, Virtual gaming world, 3D surgeries and so on.
6. Underlying Technology
Web3 functions with the technologies like Blockchain, NFTs, DeFi and DAOs. The metaverse functions with AR/VR, IoT, Edge computing and so on.
Hope, now you have gained some knowledge about Web3 and Metaverse. Still wanna know more about the technologies, Reach out the leading web3 development company and the metaverse development company like Developcoins.
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