Metaverse + Web3 = Perfect Match

September 3, 2022
BitOrbit , Ecosystem Updates
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It would be a kind of online playground where users could join friends to play a multiplayer game like Epic’s ‘Fortnite’ one moment, watch a movie via Netflix the next, and then bring their friends to test drive a new car that’s crafted exactly the same in the real world as it would be in this virtual one,” Tim Sweeney for Washington post

Could you ever imagine your daily routine becoming something like the process described in the quote? However, this has almost become a reality. All that is left is to make the merge happen (the second one after Ethereum, right). And when it happens, sky will be the limit for all of your virtualized activities.

Just imagine making presentations at work in the 3D Google Docs. No need to describe concepts with words, your colleagues will be able to experience everything on their own.

A lot of Web3 concepts will be used in Metaverse. And this is the main reason why many people think that these two concepts are synonyms. But is it really true?

Metaverse = Web3? Spoiler: no

The biggest mistake many youngsters in the blockchain industry do is they put the equal sign between the Metaverse and Web3 concepts. Of course, these two trendy words have a lot in common. However, they also have substantial differences, including the ways of usage and the level of three-dimensional interaction.

Thus, Metaverse is more likely oriented on the 3D long-lasting communication while Web3 will still have a digital layer and offer its users advanced features.

This is actually how it goes:

So while in Web 1.0 you could only read, in Web 2.0 anyone is able to spread the word and become a media named after themselves. Thanks to AI, Web3 will allow more specified advanced search and other bonuses we described in our article.

Metaverse is all about immersiveness and is much more focused on users’ interaction with 3D reality.

However, the differences between these two concepts will help them to interact amazingly well.

Web3 + Metaverse reality

Certain Web3 developments, like blockchain and NFTs, will be definitely used in Metaverse. This will be the basis of its decentralization and independence.

Just imagine that you’re using your bike to ride the path. So Web3 is your bike and the bike path is a Metaverse.

Decentraland has become one of the brightest examples of the Web3 implementation with its buy/sell/rent options. The Metaverse is powered by both the Ethereum and Polygon blockchain where it stores lands and game items/avatars correspondingly.

Web3 is the basis of all the interactions in this reality, because you can only log in with your Web3 wallet. This is a perfect example of the Web3 and Metaverse interaction. However, there is a lot more.

Examples of perfect Web3 and Metaverse communication

Shopping

The word ‘semantic’ implies that brand new technologies will tend to understand and even predict what you’re about to search on the web. This can be done thanks to the AI (artificial intelligence) developments that are the basic characteristics of both Web3 and Metaverse reality.

To understand how AI/semantic web + Web3/Metaverse will correlate let’s imagine the near future of Amazon. The company has already implemented some parts of these technologies with its brand new AR View tool that lets users decorate their homes using augmented reality. And that’s just the start.

Semantic web search will allow you to enter the new shopping universe, wander around while the artificial intellect is offering you the goods you may like based on your web user portrait. This may sound scary at first but such technology can potentially save a lot of time and set you free from endless and useless search on the web.

But that’s just the Web3 part. Next AR and VR technologies step on the stage. They bring new colors to shopping. Shopify states that ​​3D/AR technology helped to raise conversion rates by 94%.

This happens thanks to the brand new technology allowing people to shop for goods online already looking at them in the 3D world. For instance, if you need a table for your living room, you can make it virtually appear in your home. Simple and fast.

Gaming industry

Deep learning-based software is also cool for the gaming industry. This economic segment is expected to reach a value of USD 339.95 billion by 2027.

Sébastien Borget, the Co-Founder & COO of The Sandbox, created the leading decentralized Metaverse bringing top artists, entertainers, brands to this brand new virtual world. To date, more than 300 brands are presented there.

The no-code approach of Metaverses allows anyone to become a creator and transform reality the way it seems right. Moreover, Metaverses contain lots of blockchain technologies, just like the Sandbox. This technology ensures the users’ ability to truly own the digital assets. Thus, the developed smart contract on the Sandbox, as well as on other Metaverses, is the basis of the content and 3D assets tokenization.

And, what is more important, the Web3 technology where your identity equals your Web3 application, will set the basis for free migration of users from one Metaverse to the other one creating an endless virtual Universe.

Besides, Web3 opens a new marketing scale for games enabling users to sell their gaming artifacts on any VR marketplace on the net. Previously, it was possible only on closed geek forums for a narrowed number of people. This will change very soon.

By the way, as the number of mobile users grows, we’re witnessing the mobile gaming segment growth as well. AR is indeed perfect for mobile gaming thanks to its immersive and interactive technology. So this is the trend for the next 10 years for sure.

Working routine

Such apps as Zoom will also soon transform into something you may call ‘the virtual almost-like-office reality’. The future where all your colleagues will be sitting in front of their computers wearing VR helmets is closer than you think.

Thus, this can also help better interaction between departments. Just imagine a 3D presentation where you don’t need to explain tons of information but visualize your ideas instead.

There already appear such P2P apps like Huddle. Some people call them ‘the real alternative to Zoom’. It’s decentralized and does not utilize any server. Actually, there are lots of people who think the app future will look like this:

Still, it’s more obvious that Zoom and other working applications will adjust their policy and transform in accordance with the new Web3 and Metaverse reality.

That’s what we call the top-notch interaction!

These are the spheres that will considerably transform thanks to the Web3 and Metaverse interaction. Of course, there are the entertainment industry (VR concerts taking place in Metaverses, interactive movies Netflix pioneered with) and many more spheres where Web3 and Metaverse will be a perfect match.

The ones aforementioned started to transform already.

What happens next?

Indeed, the Metaverse may be the next major platform in computing after the world wide web and mobile’, Raja Koduri, Senior vice president, General manager of the Accelerated Computing Systems and Graphics Group

Web3 is a logical development of the world wide web with the Metaverse as its icing on the cake being the brand new 3D virtual reality internet. The interaction of these two technologies sets the basis for the new VR universe where

  • users will be able to interact and perform p2p transactions
  • businesses can market their products in virtual worlds
  • creators will be able to sell their products directly to others

Moreover, the new Web3/Metaverse reality will look like a cool weekend walk where you’ll be able to test a car using VR, pay for a new game and play it online and then watch a movie in 10DX with your friends just as if you were one of the heroes in it.

A perfect match, indeed!

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