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Tuesday, January 31, 2023

Web3 vs Metaverse: What’s the Difference?

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Blockchain has been described as the primary technology that will transform the world. It has already positively affected the banking and gaming industry, and soon many more industries will be influenced by or taken over by blockchain.

Because Blockchain is still a new technology, many misconceptions are floating about the surrounding blogosphere. Also, there is confusion regarding verbiage.

One of them is the difference between Web3 vs Metaverse. Even though people use these terms interchangeably, they are not the same thing. Keep reading to find out more about this subject.

What Is Web3?

The World Wide Web, as we know it, is being transformed right now into Web3. It’s essentially the third generation of the World Wide Web and it’s going to blow your mind.

Even though it’s currently a work in progress, the vision is for it to be completely decentralized with no one owning the platform, and open it up for greater utility by the users.

It will use smart contracts built on Blockchain to ensure that there are no intermediaries. Users will have ultimate control over their data and its management.

What Is Metaverse?

Even though Facebook changed its name to Meta, it does not own the Metaverse. The Metaverse could also be called the next level of gaming. It is an immersive 3D virtual space where humans can experience life unlike anything ever before.

It uses augmented reality (AR) and virtual reality (VR) to make this immersive experience a reality. And of course, the Blockchain is involved as well.

Web3 vs Metaverse – How They Work Together

Metaverse is a shared virtual environment that people will access through Web3 and that’s the connection that the two share. But they are not the same, despite what people might believe.

Another thing to keep in mind is that Web3 will decentralize ownership of the web, whereas, Metaverse is about building economies and communities in a virtual reality environment, but it doesn’t care about who owns what.

These two, Web3 and Metaverse, are inseparably linked to each other. But the Metaverse will continue to exist in the deep web, even if Web3 doesn’t exist any longer. Both of these are going to change the way we interact with each other in the future, and it’s insane and mind-blowing to think that this new world is so close to us right now.

If you wish to support crypto coins that will be working with Web3 or Metaverse technologies, then you can do so by looking into IGO crypto (Initial Game Offering).

Stay Tuned for the Future of Web3 and Metaverse

Now you know the difference between Web3 vs Metaverse. All of us are waiting with bated breath for the future of the internet and the gaming industry. In just a few more years, we could be dealing with each other in virtual reality systems in ways we only dreamed of before.

Keep reading through related articles on our website to learn more about technology.

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