Web3 Vs Metaverse: Differences You Should Know

Technology is one of the fastest-growing industries in the world. Every day we see hundreds of tech-related innovations that blows our mind.

There are tons of buzzwords that come and go, but few stay in our minds forever. Web3 and metaverse are perfect examples of such buzzwords. 

I can bet that rarely your day ends without hearing these two words. The point to notice here is that web3 and metaverse are often used interchangeably, though these two terms are totally different from each other.

Without wasting more time, let me give you a clear and better understanding of these two terms and help you differentiate both.

What is web3?

Web3 is another advanced version of the internet after web2. It is nothing less than a revolution in the field of the internet backed by decentralized ledgers such as blockchains. Blockchain is a technology that helps in easy transactions of cryptocurrencies. The arrival of web3 and the way how web3 works, give power back to the hands of the content creator rather than giants companies like Meta, Twitter, Amazon, etc. They dictate their services to the users and sometimes even monetise their private data for their own use.

Components of web3

Blockchain Network

Blockchain technology is responsible for the security of web3. Decentralization works as the heart of web3 as it is built upon blockchain. The blockchain helps in making data secure and open.

Blockchain gives the ownership of data back to the hands of content creators, and now it's up to them whatever they want to do with their data they can do. They no longer need to think about losing ownership, losing privacy, and depending on intermediaries. 

You might also like: How Blockchain technology revolutionising various industries

Artificial Intelligence

The development of web3 gives new wings to AI, and its advancement is helpful for humanity. The evolution of AI is very effective in making accurate predictions and can even be used for taking life-saving actions.

We all have witnessed how big companies use AI for their benefits in web2. They create spam bots, write positive or negative reviews about their or other products and try to manipulate users' thoughts.

Web3 is advanced when it comes to differentiating between legitimate and fraudulent actions. It helps users to get accurate information.

Semantic Web

The semantic web in web3 means the web of data that helps in better connecting and representing information. The best thing about the semantic web is that it enables data to be linked from one source to any other source, which can also be understood by computers so that the computers can perform highly sophisticated tasks on our behalf. 

What is Metaverse?

A metaverse is a 3D network world connecting real and virtual worlds. In other words, the metaverse is a mixed reality which can be accessed through a browser and VR headset. 

The rise of metaverse is an advanced version of the internet that allows people to have real-time interactions and experiences in no time. It doesn't matter in which part of the world they are living.

The term "metaverse" was first coined in the novel "snow crash" in 1992. "Meta" means "beyond," and "verse" means "universe", which collectively means beyond the universe.

The Components of the Metaverse

Virtual and Augmented reality

The virtual reality platforms provide a 3D experience to the users, whoever is equipped with VR and AR glasses. The equipment includes gloves, sensors, and VR headsets. 

The combo of augmented reality with virtual reality makes it feel like the real world. Augmented reality places 3D images onto a digital device's screen and makes them appear on the same screen as its observer.

Internet of Everything

Metaverse best functions in device connectivity. The internet of things connects data, people, and devices with the help of private and public networks. 

The connectivity of everything with each other enhances the experience of the users. When the metaverse and the internet of things are integrated it opens new opportunities for an industrial domain, individuals' need and social requirements.

3D reconstruction

Virtual, mixed and tools require 3D content via device connectivity. The 3D content creation tools are metaverse components that support extended reality. The best examples of  3D reconstruction platforms are Unity Software and Unreal Engine. 

In other words, it is to build a three-dimensional model of the real world. The more advance the software and hardware become, there are more and more applications of 3D reconstruction technology in the field of movies, games, security, maps, etc.

Conclusion

Metaverse and web3 both are there to enhance the user experience. Metaverse and web3 are the future of the internet, and it's tough to bifurcate one from another. At the same time, we have to understand that both things are different.

Although both are under development right now, it is not easy to jump to conclusions, it is essential for every web3 developer to start gathering knowledge about these things. Maybe tomorrow both assimilate, but for today they are different and should be viewed differently.