Metaverse: A Gimmick Or A Sneak Peek To Web 3.0

Moment Facebook rebranded itself to Meta, a new hype about what is Web 3.0 Metaverse and Web3 vs Metaverse started emerging worldwide. People are already considering it as a future of the Web where a virtual area will provide access to diverse varieties of entertainment and projects.

“People’s Understanding of words like Metaverse, Web 3.0, Non-Fungible Tokens, and Crypto is similar to what they use to have for Online Shopping in 1995” – Nishant Guleria, Digital Marketer.

Although we have obscurity about Web3 vs Metaverse, speculations of implications are inseparable from discussions about Web 3 companies. A virtual world where web 3 apps let you completely control what you want, what you own, and limitless possibilities sounds interesting. 

The top tech giants like Facebook, Apple, Microsoft, Disney, and more have already started working on layers, web 3.0 technology, and protocols to utilize augmented reality and technology for creating scenarios that we mostly used to see in science fiction movies and documentaries. 

We all know that Web 2.0 is dominated by large corporations, but it will not stay forever as the world is changing its focus toward Web 3.0 technology. Experts at The Brihaspati Infotech see it as an amalgamation of virtual worlds and the internet with our daily lives so that we can engage in simultaneous interactions with them.

Let’s investigate this technology and Web3 vs Metaverse to understand how they both might work together for the future of Web 3 companies.

Understanding the Web 3.0 and Metaverse

Web 3.0 Technology – A more secure and personalized web experience

Although Web 3.0 technology is in the evolution stage, it is clear that Web3 development will be more inclined toward the use of blockchain-based technologies and decentralized Web 3 apps. Experts speculate extensive use of machine learning and AI in Web3 development to build and empower web platforms, applications, and Software/SASS Development. All of them will be way too intelligent and adaptive than any of the existing platforms.

However, to better understand the concept, we need to go back to the early days of the internet often referred to as Web 1.0. It was the era of static web pages where most internet users merely consumed the content available online. 

Then came Web 2.0, the era of the internet we are living in right now. Technologies like Java, and HTML 5 have enabled web development services to build more interactive platforms like Facebook. Youtube, Twitter, and more allowed more number users to shift their role from content consumers to content creators.

Now the focus is shifting toward the World Wide Web’s third-generation i.e. Web 3.0 technology. The goal behind Web 3.0 apps and platforms is to provide information networks with distributed, decentralized, and global control. Web 3 apps will surpass the centralized server to evolve as the next generation of internet architecture. It will be built using decentralized technologies like peer-to-peer networks and blockchain. 

Let’s look at some of the key features of Web 3.0 to reach any concrete conclusion about Web 3.0 vs Metaverse:

Web 3 companies will use Semantic Web

Web 3.0 is going to involve the Semantic Web. Rather than using keywords, the web technologies will connect, generate and share content by understanding its actual meaning.

Web 3.0 Technology will emphasize AI

The computers will be able to understand the information with human-like abilities to provide accurate and faster results. It is going to happen by combining semantic capabilities with language processing.

Extensive use of 3D Graphics

All the websites, applications, or services meant for Web 3.0 will emphasize using three-dimensional designs more extensively than ever. It applies to all industry verticals like eCommerce, gaming, or geospatial contexts.

Seamless Connectivity

We will use Semantic metadata to connect the information on Web 3.0. It will boost a whole new level of connectivity to enable the users to access and use the available information.

Ubiquity in use of Web 3.0 apps

The accessibility of the internet content and services will not limit to just computers and smartphones. The users can access it from anywhere at any time using a number of devices like smartwatches and more.

Web 3 Apps use Blockchain

Web 3.0 Metaverse and other apps will use blockchain technology to protect and encrypt user data. More focus of Web3 development will be on protecting the data from the control and use of large corporate houses.

Web 3.0 technology focuses on Decentralized

Peer-to-peer interconnections will store data using decentralized data networks. The users can log in securely without being tracked while maintaining ownership over data and digital assets.

What is Web 3.0 Metaverse?

Web 3.0 Metaverse is an augmented reality space with the ability to change how we live and interact forever. It is not wrong to refer to it as an internet space we are not just browsing but living in. Just imagine your digital avatars inhabiting the World Wide Web. Instead of just reading, watching, or playing online, you can experience these things with people who wish to be a part of it using actual conversations and movements.

Though the term was coined way back in 1992, the recent rebranding by Facebook to Meta has made Facebook Metaverse a hot topic for discussion among tech geeks. Though according to a CNBC article, Steve Stephenson referred to it as a virtual world with inhabitants using avatars to live, work and play, his vision was based on a dystopia where governments have failed, economies collapsed, and corporate giants control the world.

While the initial part is the same, Web3 development companies have already started working on their own versions of Metaverse with similar virtual worlds but without the dystopia mentioned by Steve. The characters are real human beings, but their world is entirely fictional made up of virtual elements that parallel the real life of the person using it.

Some Recent Development taking place for the Adoption of Web 3.0 Metaverse

• Microsoft is creating Mesh to incorporate virtual experiences.
• Google is working on an innovative augmented reality device for Web 3.0 Metaverse.
• Apple is working on advanced VR gadgets to revolutionize the Metaverse.
• Disney is working on a Disney theme Web 3.0 Metaverse
• The South Korean government is working on National Metaverse Alliance
• Barbados is planning to set up a virtual embassy using Metaverse.

We all know that in recent pandemic times, human interaction was a casualty. Metaverse may seem to be an idealistic place to spend time during such situations. The tech giants like Google, Microsoft, and Facebook Metaverse have already started web3 development to capture their space in Metaverse. The recent rebranding by Facebook can be an attempt to stay ahead of the curve.

How Metaverse and Web 3.0 are interconnected?

The Web 3.0 and Metaverse aren’t the same but they’re not opposing the visions of the future internet either. Let’s explore the similarities that create a profound connection between these terms:

• Advancements in Blockchain technology will create common ground for both Web 3.0 and Metaverse.
• They both concentrate on next-generation technologies and the way people interact online.
• They both include artificial intelligence and permissionless networks for virtual worlds.
• Both technologies assist consumers in entering the digital world via IoT.
• HTTP 2.0 and the most up-to-date web technologies are used by both Web 3.0 and Metaverse.
• Both Web 3.0 and the Metaverse will be built using blockchain architecture.

Is Metaverse just a Gimmick?

While the tech giants are pouring billions worth of investment into Web3 development to realize their Metaverse goals, the concept is still facing ambiguity that makes it makes it more of a marketing gimmick than a practical notion. 

If we listen to the comments by top tech tycoons like Elon Musk and Jack Dorsey, the concept of Metaverse seems to be more hype than a substantial reality. According to them, we can’t imagine people wearing friggin screens all day to access Metaverse. 

On the other hand, if we talk about the future of the Web and investments going into building Metaverse platforms, it seems to sell like hot cakes. Experts at The Brihaspati Infotech believe that Metaverse is definitely going to attract a lot of audiences.

It is giving an early glimpse of what could be possible using Web 3.0 technology that is ready to be consumed and monetized. It’s an open playing field for everyone including SMEs (Small and medium enterprises) to innovate and adapt to this decentralized data storage trend.

Final Words

At Brihaspati Infotech, we believe Metaverse and Web 3.0 can bring many life-changing applications into our daily lives. Our teams focus on an extensive understanding of Metaverse and supporting technologies paving the way for developing futuristic projects using blockchain, 3-D technology, NFTs, Cryptos, AR/VR tools, and more. 

Our experts can provide you guidance and support for the following services:-

• Development of Decentralized Platforms
• NFT Marketplace Development
• Metaverse-based Gaming Development
• Metaverse Application Development
• Development of 3-D Space

Just like every other new technology in progression, Metaverse also has challenges right now. If you want digital solutions that revolve around Metaverse, you should have seasoned experts to back your vision. If you seek intuitive and immersible Metaverse or Web 3.0 solutions, contact us with your project requirements today!