What Is the Significant Difference Between Web3 and Metaverse?

The world we are living in right now or will be seeing in the future will undoubtedly be a complete contrast to them. As technology is expanding rapidly, new things and extraordinary innovations are happening daily. Due to the fact we are so busy with our work individually, we cannot keep pace with all the new revolutions happening. That is to say, one of the two things which we often misunderstand and consider those things as similar are web3 and metaverse. Honestly, you can say that we never tried to go into the detail of understanding what the difference between web3 and metaverse is. Before we go into the detailed difference between web3 and metaverse, let us get started by getting a detailed overview of those two things and clear our concepts regarding them: – 

What is web3?

The web3 is said to completely revolutionize how we utilize decentralized items like blockchain, the technology used to facilitate transactions of cryptocurrencies. The things which web3 has said it would improve upon are issues related to data control and ownership. And one of the major things it has said will improve upon includes the shortcomings and significant setbacks faced by the recent internet era. 

However, we need to remember that the operability of web3 in a decentralized network wouldn’t require any permission. Due to this fact, the users on the internet won’t have the power to decide who uses their services. 

Significant components that makeup web3

There are quite a few features or components that people can enjoy upon using web3. Let us look at those features one by one: – 

• The web semantics

Web semantics could be one of the key innovations that could take place upon using Web3. Previously, the web could only understand the meaning of keywords and numbers, but after web semantics, they can easily recognize the language of single words. 

• Artificial intelligence

By combining web semantics with the natural language processing of the desktops, they can easily understand the information portrayed by humans. Recognizing the natural language just like humans would make them more efficient and satisfy the users’ needs more effectively. 

• 3D graphics

Web3 is said to completely change the way 3d Graphics are used by different websites. It is also said to add its museum guides, computer games, and e-commerce opportunities. 

• Networking

Web3 has promised to connect more users on the internet globally due to its metadata semantics, which will automatically enhance the user experience and connectivity with all the necessary information. 

• Universality

We can already access the internet contents and its services globally at any time suitable using any device, most commonly smartphones or computers. But, web3, with its all-new IoT devices, will improve upon all these features and new. 

• Blockchain

Blockchain technology ensures that your data is always secured and protected. To improve upon this fact, web3 will keep your data private and protect it from large companies trying to steal information. 

• Decentralization

Decentralization is storing the data with a peer-to-peer network with interconnecting capabilities. To clarify, users can log in anytime over the internet without thinking about leaking their private information. 

• Edge computing

Web3 relies heavily on the advancement of edge computing, where data are processed on the network’s edge. These devices include smartphones, laptops, computers, and even smart cars. 

What is the primary use of web3?

After knowing the different features of web3, now is the time to look at the primary use of web3 applications for us: – 

• Private ownership

First, the primary usage of web3 allows you to have private ownership of all your digital assets. It uses non-fungible tokens or NFTs for availing the ownership. To help you understand this, let us give you an example: – 

For instance, if you are playing a game and, after some time, you choose to purchase an in-game item. But due to an unforeseen event, the game creator decides to ban your account, resulting in the loss of all the items in-game and heavy losses. So, using web3 through NFT will keep the power centralized to only you and give you all the access related to the ownership of those items. 

• Resistance to censorship

The power bestowed upon the platform owners has a massive gap compared to the content creators of the same website. For example, if you create content through a platform, but suddenly the platform decides to censor all your work and stop your incomings. Then, there would be no choice but to accept the situation. 

It is where web3 comes in handy it offers you to store the data on a privately owned blockchain. So, whenever you decide to leave a platform, you can transfer all the data to another place by only plugging it. 

• Decentralized autonomous organizations

One of the most innovative things web3 allows its users is the capability of owning a platform using tokens like DAOs which act like smart contracts. These tokens work as company shares, allowing you to vote on how well the company spends its resources and other activities. 

• Cross-platform identity

In web2, users can privately sign in to all social platforms if they want to change their profile picture or other information. It also makes sure you trust them with all your private information that is identifiable while creating an account. 

But, web3 ensures you don’t face this kind of hassle. It allows you to change your digital identity through cross platforms efficiently and securely. 

• Domestic payments

The current payment infrastructure used in web2 platforms heavily relies on banks and their payment processes. In other words, it practically eliminates the people who don’t have a bank account from using those services. 

Web3 practically eliminates these requirements and allows the different users to make payments cross-platform using the required tokens. 

Let us now look at its counterpart metaverse and discuss all the related things to it: –

What is metaverse?

The Metaverse is an exclusive network of 3d virtual worlds whose sole focus is related to social connectivity. If you consider it futuristic, it is popularly considered a hypothetical duplication of the internet and a single virtual world. Users would only use this virtual world with a high definitive reality headset. The main motive of this system is to connect and integrate the virtual and real world in one place called the metaverse. Virtual reality developments are one of the essential aspects that are taken care of efficiently for seamless integration into the metaverse world. 

Some of the significant features which metaverse is said to be bringing upon its utilization would be: – 

• Top-class infrastructure

The ideal and highlighted feature that attracts most users to metaverse would be the excellent and innovative infrastructure. Therefore, metaverse emphasizes infrastructure development as a crucial part of its integration correctly. The metaverse infrastructure would comprise Wi-Fi, cloud computing, a 5G network, and high-tech materials like innovative GPUs. 

• Technologies related to human interface

If you are talking about infrastructure, one of the critical attributes that users will look for would be how efficiently it allows different human interface technologies. Different technologies like virtual reality headsets, haptics, and AR glasses are required for joining the metaverse and experiencing it seamlessly. 

These different human interface technologies are required to provide the users with some of the best infinite and immersive experiences on the metaverse. 

• Digital avatars

One of the unique features users can experience upon joining the metaverse world is making their digital avatars. These digital avatars express the users’ current mood or emotion uniquely.  

• Decentralization

One of the standard features between web3 and metaverse is the ability for decentralization. The decentralization allows the users to move seamlessly from one platform to another, turning it into an open and shared world. Furthermore, decentralization allows you to own your digital assets completely and provide complete freedom to the users. 

• Vast experiences

The metaverse is an open world with no previous experiences and provides a virtual platform for different users to interact. It is one of the critical attributes of metaverse as it allows different people to come together and share their learning or workspace under a single virtual roof. 

• Top-notch security

Security is one of the features which, in some way or another, get breached after a particular time. It is why users look for more platforms that are consistently efficiently secure and don’t cause any detrimental damage to their users. Metaverse is known to improve its security time-to-time through different privacy and ethical structures. 

• Ability to persist

Persistence is another one of the critical highlights of the feature that metaverse ensures to its users. For instance, if you are plugged in using a virtual reality headset for accessing the metaverse, the question would be, what happens after it? Will the data be stored after you decide to plug it out? 

The answer to that question will be yes. You will not face any data loss as servers will store up your information before your disconnection from the metaverse. And can continue the thing you have going from where you left. 

What are the prominent use cases of metaverse? 

Now, after learning about the different features of metaverse that could be enjoyed if you choose to indulge in them, take a look at some of the use cases of a metaverse in the real world: – 

Creating a new marketing dimension 

The main target for users regarding entry into metaverse would be creating a whole new marketing dimension for your business. Many brands are known to capitalize on this situation and use the space provided by metaverse to gain profits. People can enter into a virtual from where they can shop and socialize with different people in the same marketplace. 

Ask for Reviews From Your Users

One of the best ways to get more reviews is to ask your users! You can add a pop-up message in your app that asks users to leave a review. You can also email your user list, asking them to review your app. Finally, offer an incentive, like a discount on in-app purchases, to encourage people to leave a review.

Blockchain uses 

Blockchain Technology is already considered to be one of the best solutions available to us. But, through metaverse technology, it has been said that they will increase the use cases of blockchains. 

Through metaverse, blockchains can develop their NFT marketplaces for some engaging competition. In addition, different blockchains games with some of the best interactive experiences can be developed using metaverse technology. 

Virtual learning and office space 

For instance, if you are not getting the space, you want to start your own office or learning program. Then, metaverse would ensure you don’t face that problem. Using metaverse, you can invite anyone you need under the same virtual roof instantly.  

 Secondly, if for any inconvenience you can’t be in a meeting or can’t take any class, then you quickly join the metaverse space from any corner of the world. 

So, hopefully, you have an in-depth understanding of what the terms web3 and metaverse mean. But, if you are still confused about some aspects, then let us clear those by covering some key differential points regarding them: – 

Main objective 

Web3 would be a significant advancement upon the previous version or web2, and web3 would allow more democratic and decentralized abilities to its users across the internet. On the other hand, the metaverse is seemingly trying to establish a virtual reality or 3d world for users worldwide. .

Applicability 

As mentioned above in the article, web3 uses different blockchain advancements. But, on the other aspect, metaverse provides a whole new dimension for hosting different concerts, films, games, and education under one virtual roof efficiently. 

Basic difference 

The metaverse is a platform where several technologies or businesses can choose to run their whole ecosystem effectively. On the other aspect, web3 is known to create a decentralized system using only blockchain techniques. Therefore, different users can connect online in web3 and interact through a peer-to-peer system. 

General technology 

The basic technology used in the web3 system comprises blockchain, decentralized autonomous organizations or DAOs, and various cryptocurrencies. On the other hand, the metaverse uses different human interfaces like virtual reality headsets, NFTs, and a 5g network which can expand in the future. 

Ownership issues 

The web3 objective includes keeping out private information from the reach of the large MNCs in the business world. Furthermore, it ensures there would be no illegal activity using that private information and make it publicly owned.  

On the other hand, different companies are already looking to stack some claims upon the metaverse world. Using those spaces would ensure them huge profits and better workflow efficiency. 

Unique portraits 

One of the critical points of difference between web3 and metaverse is its portrayal. The web3 platform allows users along the internet to portray, buy or sell their items quickly. On the other hand, the metaverse is a platform that offers a 3d world to its users where they can play games and interact with other people in virtual realities. 

Different perceptions 

Both web3 and metaverse are known to have different perceptions regarding their businesses. Web3 is solely focused on how to protect the interest of the users from the big companies in the field. However, the metaverse primarily focuses on how the users would interact in their virtual space. Therefore, blockchain networks and virtual realities are two significant components of web3 and metaverse. 

How can web3 and metaverse come together in the future? 

As we already talked about the differences between web3 and metaverse, it is fair to say; that we can now talk about metaverse and web3 can bring together in the future. Let us look at some points that could explain this theory: – 

• Cryptocurrencies are the most probable name whenever we look into the expansion of web3 and meta platforms under one roof. This is because cryptocurrencies are considered an excellent platform for people who want to buy and sell their products on these platforms. 
• NFTs are another aspect that makes transactions of different items in these digital platforms possible seamlessly. The information stored on NFT tokens can’t be copied and replicated through any technique. 
• Lastly, the various technology-based businesses looking to expand their space to generate more profit for their companies are interested in entering both web3 and metaverse simultaneously. 

In Conclusion 

After reading the above article, hopefully, you have understood all the concepts regarding web3 and metaverse. Of course, they are entirely different in most aspects, but some similarities have also been singled out in the above article, like the decentralization feature. To conclude, now you can easily understand all the differences efficiently and effectively.