- Web3 and Metaverse are confusing people with their similarities.
- There are significant differences between the two that set them apart from each other.
For many people, Web3 and metaverse are synonymous with each other due to insufficient knowledge about both concepts. People need to understand that Web3 and Metaverse might seem the same but they are not. If you indulge deeply in their technology, you can find numerous differentiating points. Therefore, understanding their differences and connection could help you know about their usability better.
Difference Between Web3 and Metaverse
The key differences between Web3 and Metaverse that differentiate them from each other are as follows:
- Purpose
Web3 is the upgraded version of Web2, which is a next-gen technology. The purpose of Web3 is to allow users to own an item in a democratic or decentralized Internet environment without having to portray themselves as a company or entity. In comparison, Metaverse is a virtual reality environment or 3D world for users to enjoy.
- Principle
The Metaverse is known to be home to rapidly evolving technologies that ensure the ecosystem keeps running. Moreover, the Metaverse is heavy on the pocket, requiring advanced technology, decentralization, connection, and an easy-to-use interface. On the other hand, the main principle of Web3 is to develop a decentralized mechanism only on a blockchain. Web3 would ensure people start connecting online with each other using peer-to-peer networks.
- Ownership
Web3, from the beginning, has tried to keep the tech giants out of its domain while giving the public more control. It is quite evident from what you see happening throughout the Bitcoin market. Nonetheless, these big corporate houses try to take metaverse firms for their business benefits. But acquiring them wouldn’t be as easy as they would have thought.
Similarities Between Web3 and Metaverse
Here are some of the similarities that Web3 and Metaverse have:
- Decentralization
One of the most common similarities between Web3 and Metaverse is their decentralization network. Both Web3 and Metaverse use blockchain technology to provide their services. This means no central authority is present over Web3 or Metaverse, thus, giving them a sense of freedom to conduct operations.
- Fascinating Experience
When it comes to experiencing a great time, both Web3 and Metaverse are known to provide on that front. Metaverse can take people to a new dimension with its virtual and augmented reality. Meanwhile, Web3 is known for its easy-to-use interface and seamless operability without many problems.
- User or Community-driven Networks
Lastly, both Web3 and Metaverse hugely rely on the user base or community they possess. For instance, Web3 cannot grow without continuous user engagement and resources invested in its development. Consequently, Metaverse also needs help from a community to upgrade its features and make effective decisions on the future of its platform.
Conclusion
Web3 and Metaverse are still in their infant stages, which require more exposure and development resources. Although Web3 and Metaverse’s future looks bright, they must be monitored and upgraded daily.