The existence of the metaverse is impossible to realize without the presence of Web 3.0.
Before Team Intraday explains the relationship between these two branches of technology, first explore Web 3.0.
What is Web 3.0?
In short it is a blockchain based internet.
Known as Web 3.0 or ‘read-write-execute’, also as ‘Semantic’ web.
This era began in 2010 until the future.
Characterized by decentralization, it means users control the entire internet without interference or control from intermediaries such as Google, Apple, or Facebook.
No permission is required and no data will be collected as requested by most browsers and social media sites.
The presence of Artificial Intelligence (AI) and Machine Learning (ML) technologies.
Web 3.0 developers are already rare to produce and execute applications in a single provider or store data in databases
Web 3.0 applications have mostly started to be developed on the blockchain and this is what we know as decentralized applications (dApps).
Before Web 3.0, Web 1.0 and Web 2.0 existed:
Web 1.0:
The earliest version of the internet.
1991 to 2004.
Also known as ‘read only’ or ‘Syntactic’ web.
Content developed by web developers is presented in text or graphic format.
The content presented is only static with no dynamic combinations such as hypertext mark-up language (HTML).
Web 2.0:
Available in our daily use of the internet.
Also known as social web and interactive read-write.
Internet users can also connect more easily through social media sites.
There are also web technologies such as HTML5, CSS3, and Javascript frameworks such as ReactJs, AngularJs, VueJs.
The required dumping of data means more targeted ads for Web 2.0 companies, thus generating more advertising money.
This also means there is no control over user data retrieval.
Web 3.0, Crypto & Metaverse
Most Web 3.0 protocols rely on cryptocurrencies.
The presence of monetary incentives (tokens/coins) is an opportunity for users to develop, administer, produce, or contribute to related projects.
Tokens/Coins are digital assets that are closely related to the internet characterized by decentralization.
For example:
Youtube: Can see Theta, decentralized video streaming.
Google or Microsoft Edge browser: Can see Brave, a decentralized internet browser.
Web 3.0 also relies on non-fungible tokens (NFT) and other blockchain entities.
Indirectly, this will link Web 3.0 with ownership in the metaverse.
In the metaverse, users can do anything including building apps, games, homes, galleries, and more, including buying and selling activities.
NFT ownership (which includes anything including data) makes access in the metaverse easier and free, most importantly ensuring your ownership is identifiable.
This will also put these assets in long-term resilience, in line with the ever-present and growing demand.
