Web3 and metaverse: two sides of the same coin? The CEO of Animoca Brands speaks

Ready for webtaverse? – What will the web of the future look like? The question might have seemed ridiculous a few years ago. In fact, the web seemed to have reached a state of maturity, well established in the hands of FAMOUS. However, the innovations of recent years can redistribute the cards and open up a new horizon called web3. A web3 that will rhyme metaverse : two notions that would be inseparable from each other. Explanations!

This idea has just been put forward by Robby Yungmanaging director ofAnimoca brands to WebSummit of Lisbon. The metaverse is currently such an open concept that it can represent something completely different from one individual to another. For some, it’s an immersive game mode. For others, it is a way to meet friends even when they are far away. Still others see it as fertile ground for a world populated by NFT or a new way of advertising.

In the end, many are lost, as the technology is new and difficult to understand. And it is often the same with the generic term for “web3”. For Robby Yung, however, these concepts are inextricably linked, in his words reported by Decrypt:

“There won’t be a metaverse without web3, because you have to have that transaction layer, that interoperability to move content from place to place. »

A Web3 inseparable from the metaverse?

By ” contents “Bobby typically suggests NFT. For him, it is unlikely that in the decentralized world of web3 these digital objects are confined to a single metaverse. In the future, according to him, NFTers will be able to easily move from one virtual world to another.

This particularly involves standards that the members ofOpen Metaverse Alliance, of which Animoca is a part, strives to create. We observe the same approach throughout creation of the Web3 Domain Alliance by Unstoppable domains. An initiative aimed at harmonizing and regulating the referencing of web3 domain names.

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According to Robby Yung, our NFTs will soon flow freely between The sandbox and Decentralized country and any other metaverse that may arise. It is moreover technology supported by Metamundoone of Animoca Brands’ subsidiaries.

Yat Siu, CEO of Animoca Brands, recently praised NFT technology. In fact, for him, it will be the way to give back to individuals the ownership of their data. In other words, the goal is to end digital colonization which we have all been victims of for years with the recording of our privacy online.

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However, several big names are missing from this Open Metaverse Alliance. That mischievous monkeys from Yuga Labs especially wanting to create their own NFT standards and metaverses. Robby Yung acknowledges that building the standards for what he calls “3D Internet” will take time, probably more than 10 years.

By the way, Robby Yung and Yat Siu disapprove the vision of “everything virtual” by Metathe company of Mark Zuckerberg.

“My personal opinion is that VR is a big distraction. »

Robby Yung

VR is just one platform among others and does not reflect the real problems with web3.

To clear the unknown lands of the web3, the digital adventurers, these Christopher Columbuses of the XXIe century, take a lot of risks, which Meta which the share price falls . But their work paves the way for millions of people who will build and live in the near future on the land of this new world. A world dictated by new rules, where decentralization and digital ownership will be at the center of this Constitution 3.0. A world that will rhyme with web3 and metaverse!

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