Metaverse Vs Web3 – Top 7 Differences And How they Work Together

Metaverse Vs Web3 – Top 7 Differences And How they Work Together

Metaverse News
October 13, 2023 by Diana Ambolis
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What are Web3 and Metaverse? How do they go together, and more importantly, what is the difference between them? Before getting into Metaverse Vs Web3, let’s dive into the basics of Web3 and metaverse. What is Web3 The Web 3.0 revolution will use decentralised protocols like Blockchain, which is the technology that makes it possible
Metaverse Vs Web3 – Top 7 Differences And How they Work Together

What are Web3 and Metaverse? How do they go together, and more importantly, what is the difference between them? Before getting into Metaverse Vs Web3, let’s dive into the basics of Web3 and metaverse.

What is Web3

The Web 3.0 revolution will use decentralised protocols like Blockchain, which is the technology that makes it possible for people to buy and sell cryptocurrencies. It hopes to fix some of the biggest problems and flaws of the internet age by focusing on the key issues of data ownership and control. A big part of the world’s population relies heavily on services related to the internet that big tech companies offer. Unlike Google, Apple, and Amazon, these companies tell their users what services they can use and go between their users and what they want.

But Web3 is a decentralised network that doesn’t need permission to work. In other words, internet service providers don’t have the right to tell people who use their services what to do. They also don’t act as middlemen between users and the needs of those users.

 

Understanding Metaverse

A Metaverse is a group of 3D virtual worlds that are all about socialising. In science fiction and futurist writing, the Internet is often pictured as a universal virtual world that can be accessed through virtual and augmented reality headsets. Metaverse is a combination of the words “meta” and “universe.” It was first used in the science fiction book Snow Crash, published in 1992.

Because of the rise of virtual world platforms like Second Life, different Metaverses have been made for people to use. One part of some iterations of the Metaverse is the combination of real and virtual spaces and economies. Metaverse development is often linked to virtual reality technology as a way to make the experience more immersive.

As a public relations term, it has been used to overstate the progress of different technologies and projects. Concerns about privacy, addiction, and safety are present in Metaverses, just like they are in the social media and video game industries as a whole.

 

Similarities Between Web 3.0 and Metaverse

Web3 and Metaverse are two technologies that are on the cutting edge. Web3 is the internet’s next generation. Metaverse, on the other hand, is a virtual world that runs on a Blockchain network without a central hub.

Both Web3 and Metaverse are systems that don’t have a central hub. Web3 uses blockchain technology to create a decentralised web. This means that instead of using centralised servers, Web3 is built on a computer network that talks to each other. In Web3, no person or group is in charge of it. In the same way, Metaverse is a virtual world that runs on a Blockchain network without a central hub. It lets the experience be more immersive and user-driven.

Users can own and control their digital assets in Web3 and Metaverse. Web3 lets people use cryptocurrencies and other types of digital assets. These assets are kept in wallets that don’t have a central point of control, and the users have full control over them. In the same way, people can own virtual real estate and other digital assets in Metaverse. These include tokens that can’t be traded (NFTs). On the platform, you can also trade and use these assets.

Interoperability is another thing that both Web3 and Metaverse have in common. Web3 was made so that it can work with other Blockchain platforms. It lets digital assets be traded, and decentralised applications (dApps) be made and used across multiple networks. Metaverse is also meant to be a platform for making decentralised applications and virtual experiences that can be used on different platforms and networks.

Both Web 3.0 and Metaverse give their users a full experience. Metaverse uses virtual reality and augmented reality to make the user experience more interactive and fun. Web3 wants to make things easier to use and more seamless. It uses decentralised applications that are safer, more efficient, and easier to understand than regular web applications.

Both Web3 and Metaverse are run by the people who use them. Web3 needs developers, users, and other interested parties to work together to build and maintain the decentralised web. In the same way, Metaverse depends on its community to make virtual experiences and apps, run the platform, and decide where it will go in the future.

 

Metaverse Vs Web3

Objective

Web3 is the next generation of technology that wants to make the internet more democratic and less centralised. It is a big improvement over Web2. A tech giant can’t be an owner or shareholder; only a single user can do that. In Web3, the user doesn’t have to ask for permission or follow the rules already set. The Metaverse system wants to give users access to a 3D world or virtual reality.

 

Application

Keep in mind that Web 3.0 is the engine that makes use of the Blockchain’s improvements. Metaverse is a new dimension that uses Web 3.0 technology to help with health, games, movies, concerts, entertainment, social platforms, education, and virtual training.

 

Fundamental difference

Several important technologies that help keep the whole ecosystem running are found in the Metaverse. Connectivity, interfaces, decentralisation, a creator economy, and advanced technology are all needed to build the Metaverse.

The goal of Web 3.0 is to make a web that is decentralised and only uses the Blockchain. Blockchain lets people connect to online services. A decentralised peer-to-peer network runs it.

 

Metaverse Vs Web3 in their own words

Of course, the most important thing to compare is how Web 3.0 and Metaverse look. The Metaverse is a 3D world where you can talk to 3D people, places, and things. For instance, you and your friends can play games on the creator’s ground. With Web3, people can grow, own, sell, and buy their own content. Users can also charge for their creations.

 

Different points of view

The main focus of Web 3.0 is on who will rule (tech giants or individuals) and run the internet in the future. The Metaverse, on the other hand, is focused on how people will use it. A lot of people now use computers, smartphones, and tablets to access apps and navigate websites. People who believe in the Metaverse think that we will use Virtual Reality (VR) technology to enter the internet tomorrow and move as digital avatars from one virtual world to another.

By using the Blockchain system for both of them one after the other, data is owned, open, well-distributed, and collectively owned by peer-to-peer networks. However, it is different in the case where one can find ways to do business through VR, and the other helps contributors own their data.

 

Basic Technology

Let’s make a list of the basic technologies that make up the Web3 process: Blockchain, DAOs, and cryptocurrencies. The crypto body was the world’s first step towards Web3 that a single group did not control. On the other hand, the Metaverse is based on augmented reality, human interface, edge computing, creator economy, non-fungible tokens (NFTs), multitasking user interface (UI), 5g, and wifi 6g (at the budding stage).

 

Ownership fight

The goal of Web3 is to keep tech giants from having a monopoly on the internet and turn it into public property. The best example of this is the bitcoin market in the crypto world.

On the other hand, tech giants are starting to change or try to buy Metaverse companies in order to take control of this world. But experts said that if the public ran the internet, it would be hard for corporations to own the meta world.

Also, read – How Web3 Or Metaverse Will Metamorphose Education System?

How Web3 and Metaverse Get Along

Imagine a world where the Internet and the Metaverse work together without any problems. The best of both worlds comes to you. This is what Web 3.0 and the Metaverse are building for the future. In this world, users have full control over their online identities, assets, and data, and they can move between the real world and the virtual world without any problems.

When Web3 and the Metaverse work together, it can make the digital world easier to use and safer. In the Metaverse, for example, users can own land, buildings, and rare digital collectibles that are all virtual. With Web 3.0’s power, these digital assets can be turned into tokens and stored on a Blockchain. This gives users full ownership and control over their assets. This means that users can buy, sell, and trade their virtual assets just like they would with real-world assets. It also means that the owner of a virtual asset can be verified and protected from theft or fraud.

Say, for instance, you have a virtual asset in the Metaverse. Using Blockchain technology and the power of Web3, you could actually own that asset in a way that is safe and can be checked. This means that you could buy, sell, and trade your virtual assets the same way you would with real-world assets.

Web3 can also help keep your online identity and data safe and private, giving you full control over who can see your personal information. This is especially important in an environment where people can spend hours or even days in a virtual world, like the Metaverse.

For example, Decentraland‘s platform is a mix of Metaverse and Web3. It is a virtual world that lets users own and control virtual land and buildings by using Blockchain technology. Users can buy, sell, and trade their virtual assets, and they can use them to create unique, immersive experiences. Decentraland also uses Blockchain technology to give its users digital identities that are safe and can be checked.