What is Web 3.0 and How Does It Relate to the Metaverse?
Web 3.0 and Metaverse- these two terms are grabbing a lot of attention and excitement in the business technology landscape. A common mistake most people make is that they think that both the terms mean one and the same thing. You will be surprised to learn that even though both concepts are aimed at creating a real-world human connection where users’ ownership is prioritized, there are many considerable differences between the two. Here we will discuss in detail what Web3.0 is, how it is different from Metaverse, and how the two can supplement each other.
What is Web 3.0?
Aimed at creating a decentralized and democratic internet, Web 3.0 is the latest technological innovation that leverages Artificial Intelligence, Blockchain, and Machine Learning. The blockchain serves as the backbone for Web 3.0. It enables users to own, control and protect their digital assets, online data, and identities.
Web 3.0 helps users to create online content while also providing the ability to control and monetize it by employing Blockchain technology and cryptocurrency. This is exactly how non-fungible tokens work.
How is Web 3.0 Different from Metaverse?
Where Web 3.0 aims to achieve decentralization of the internet, Metaverse is focused on creating a virtual world for users. Where the former is mostly dependent upon the advances of Blockchain technology, the latter integrates health, fitness, social platforms, entertainment, film, concert, education, virtual training techniques, etc. to achieve its objective. However, the most critical difference between the two is their core focus. While Web 3.0 is primarily concerned with the democratization and governance of the internet, Metaverse on the other hand is focused on how users will interact with the internet.
How is Web 3.0 Related to Metaverse?
The two technologies- Web 3.0 and the Metaverse complement each other most suitably. Even though one is a digital space and the other is all about decentralization, Web 3.0 can serve as the fundamental medium of connectivity in the Metaverse. The creator economy of the Metaverse can support Web 3.0 in achieving its goal by creating an entirely new financial world based upon blockchain, cryptocurrency, and NFTs.
As we edge closer to decentralization, we need to understand the kind of internet we wish to establish in the Metaverse. Since the Metaverse is about integrating the physical world with the virtual world, it is imperative to have an open-source and interoperable public network in order to make sure that the different virtual worlds can interact, associate, and interlink with one another.
Why FreeCity?
Free City is the world’s first metaverse ecological project with the theme of virtual city voice room social interaction.
First launched on the Polygon chain, with SocialFi and NFTs as the core, to create a web3-based voice social chat place and a social platform with personalized 3D avatar display for global users
Players configure NFTs for themselves in the form of Microphones to join diversified voice rooms in urban buildings and show their social value through voice chat, gain the approval of others and also get game currency, which can be used in the game.
Free City has and will have many more different room experiences, including but not only in voice rooms, game rooms, cinemas, and more. Players participate in different forms of voice rooms through their own 3D avatars to make different friends, show their social value and accumulate fans to realize the tokenization of social influence
Takeaway
Even though the concepts of Web 3.0 and Metaverse are fundamentally different yet they are closely related to each other in numerous ways. Together, they possess the power to create an immersive world based with real time human connection. They possess the power to revolutionize the financial ecosystem by using blockchain-based cryptocurrency and NFTs as assets and utilizing the virtual world for work, socialization, play and learning.
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