Web3, 3rd generation internet, based on the meta verse and blockchain

Web3: 3rd generation internet, based on the meta verse and blockchain. There is no longer any doubt that the Meta verse is the next iteration of the internet.

Admittedly, we are still in web 2.0, but gradually we are migrating to web 3.0, which involves the overlay of immersive technologies such as metaverse (augmented and virtual reality) and blockchain technology.

These 2 technologies plus artificial intelligence and Big Data will be the cornerstones of tomorrow’s internet. They will allow users to enjoy more genuine interactions and also access internet services in a completely free way.

This means no central control point, complete data ownership and fewer interruptions of services across networks without permission. Users will no longer rely on any company or government to do what they want on the Internet as they still do today.

Yes, soon we will certainly no longer have to rely on giants like Google, Facebook, Twitter and many others to access the internet. The web will be totally decentralized!

Author’s note – Let us clarify, in good French the term metavers ends with an e, but in English it does not carry an e, (metavers is the contraction of meta-universe, ie meta-universe (fictional and / or virtual world ), which some also call augmented reality, we will voluntarily for this article use the English contraction: namely metavers or metavers, and not the script in French metavers.

Web3, discover in this article everything there is to know about 3rd generation internet, which will be based on the meta-verse and blockchain.

What is Web 3.0

Web 3.0 is an idea for a new iteration of the World Wide Web. Unless unexpected and revolutionary new web technologies suddenly emerge, what is today considered the 3rd generation of the Internet will be primarily based on blockchain and metaverse.

Unlike the first two versions of the Internet (Web 1.0 and Web 2.0), the one that comes will be more immersive thanks to the meta-verse, which in itself is based on augmented and virtual reality, also smarter with the involvement of artificial intelligence and Big Data.

Experts are also already betting on a future Internet based on Blockchain technology, which incorporates concepts such as decentralization.

To understand more clearly what Web 3.0 will look like, we will look at what the meta-verse is and the uses of blockchain technology.

Web3 – What is the Metaverse?

Considered the third iteration of the Internet, Metaverse is the convergence of augmented physical and virtual realities in a shared online space. It is a mirror world, a virtual reality space where users can interact with a computer-generated environment with other users. It is the future version of the Internet and it exists whether you are online or not.

It is an enduring place where you can access change, live and return. It will be available on all our various computer platforms, virtual reality platforms, augmented reality platforms, PCs, mobile devices and game consoles.

Its ecosystem considers user-centric elements including avatar, content creation, virtual economy, social acceptance, security and privacy, trust and accountability.

The meta-verse could also be defined as a virtual space with multiple users in real time, where individuals around the world can connect via a network, coexist, socialize and exchange value.

What sets Metaverse apart from a traditional multiplayer experience is the ability for players to create and share content to shape the world around them in more or less persistent environments.

How does the metaverse work?

Several key features of the metaverse are revealed by these descriptions. It first becomes a matter of getting into cyberspace. We will do this using a virtual reality headset

Once our helmets are on, we will have access to more virtual universes. The nature of the metaverse is still not clear as we do not know if it will be a single metaverse or a collection of multiverses. Right now, the big names in the tech industry are all working on their version of the meta-verse.

However, the most likely scenario is that users will decide which ones will be popular. As we enter the meta-verse of our choice, virtual and augmented reality will take over.

We enter this cyberspace through an avatar. An avatar can be a representation of you or something completely different. Either way, we can customize the avatar that we find appropriate. The avatar is your gateway to interacting with the virtual world. This virtual world can be anything from a classroom to a trip to the moon.

These virtual worlds will have their own rules. For Mark Zuckerberg, for example, CEO of Meta Platforms, Inc., a company that actively invests in the metaverse, it is important for him to create a metaverse where users can freely define their own rules.

We saw a similar approach in Web 2.0. You can Friendship, Unsubscribe and Block other users on Facebook. Metaverset should also provide all of this, but integrate more policies to improve security measures.

Finally, the metaverse will probably also have its own economy and in some cases its own currency.

Experiences, new opportunities that Web3 offers us thanks to the meta-verse

Let’s take the case of travel and entertainment to illustrate the new experiences that we will offer Web3 through the meta verse.

  • A new way to travel

The metaverset will definitely play an important role in travel in the future. Wearing our glasses will allow us to be anywhere on earth without having to travel physically. Leading companies like Unity and NVIDIA are already developing groundbreaking 3D graphics technologies that look extremely realistic.

This graphic is currently used primarily in video games, but is gradually entering the film industry. Eventually, we will have video services that will allow us to travel all over the world.

Besides that, the metaverse will also allow users to make very realistic time travel. Although technically only the trip to the past is possible.

  • More interactive entertainment

When the meta-verse is more mature and accessible to all, we can also expect the entertainment industry to become much more interactive.

For example, the meta-verse may change the way we listen to music. It can be expected that artists will soon be able to create music videos in the meta-verse and sell tickets for their study sessions. In that context, the size of the hall will no longer affect ticket sales. For our part, we as fans will no longer be limited to a specific time or place to see our favorite artists, and we certainly should not wait for our favorite bands to go on tour.

This also applies to the film industry. Our favorite movies and TV series can become metavers in their own virtual worlds, where we can dive in and have extraordinary experiences. In the Game of Thrones meta-verse, for example, you can ride a kite with Daenerys Targaryen.

What is Blockchain?

According to a definition provided by IBM, blockchain is a “shared, unchangeable ledger that facilitates the process of recording transactions and tracking assets in a corporate network.”

A blockchain is nothing but a digital ledger. Any kind of data can be stored there. What sets blockchains apart from the good old Excel sheet is security. Blockchains are almost impossible to cheat or hack, thanks to decentralization.

Traditional ledgers use databases, and so has the Internet for many years.

The problem with databases is that they use “CRUD” operations. CRUD stands for create, read, update and delete. In other words, you can go into a database, examine data, make necessary changes, or delete information.

As a result, security risks arise as you are not the only one who is able to do all of these things. Third parties, hackers and malicious administrators can also modify or delete your data.

Conversely, blockchain uses a decentralized ledger. This is hosted on various computers, also called nodes. This allows the blockchain to support immutability.

At the time of writing, the data cannot be changed or deleted, which greatly minimizes the risk of third-party interference. But immutability offers more than just security. Blockchain’s immutability makes them the most transparent and reliable general ledgers available.

Thanks to blockchain, web 3.0 will be decentralized

Web 3.0 will be based on decentralization without individual checkpoints and profit centers, because blockchain, a technology on which it will be based, allows the transfer of value without profit centers or monopolistic service providers.

While the advent of social media has enabled the exchange of information between users, but has somehow offered control over the Internet to a few private actors, the transfer of information is completely decentralized with blockchain technology, in addition to being more sure.

This technology also allows the transfer of assets and money without third-party intermediaries, such as banks, other financial institutions or the financial platforms of the sharing economy and Web 2.0, which profit on each transaction, and popular social media platforms, which profit using user data.

A blockchain can also be used as an infrastructure for executing decentralized applications or for storing data in a decentralized way.

The decentralization of data storage, for information, means that data storage will no longer be handed over to a single instance. This, the warehouse, is therefore provided by the users of the network, who will be remunerated by the person offering the service.

Antonio Rodriguez, Director of Clever Technologies

The latest articles by Infos Nouvelles Technologies (see everything)

Leave a Comment