The Web 3.0 and the Metaverse in Brief | THD

Web 3.0 or Decentralized Web is known as an evolution of the Web as we know it today. It was in 2021 that the hype around this notion started to grow with the explosion of decentralized exchanges through the Blockchain; the cryptocurrency boom, among others. Along with this “new version” of the Internet, the world has begun to take an interest in another notion, the Metaverse. The race towards this new world was officially launched when the technology giant Facebook grouped all its products under a single banner: Meta. But what is Web 3.0 and the Metaverse?

Research and consulting firm Gartner presented its definition of Web 3.0 and Metaverse in an interview with its analysts VP Avivah Litan.

Let’s start with Web 3.0. According to the expert, version 3 of the Web is a set of technologies based on Blockchain protocols which, in itself, represents a support for the development of decentralized applications and therefore allows users to control their identity, their contents and their own. data. In other words, Web 3.0 revolves around technologies that protect privacy and promote decentralized governance. “Ultimately, these innovations will enable the creation of a decentralized Web that will integrate with the Web 2.0 we use every day (…),” explains Avivah Litan.

Read our article: The Blockchain, multiple use cases without cryptocurrency

What about the metaverse. According to specialist Gartner, the metaverse is defined as a collective virtual and shared 3D space created by the “convergence of physical reality and virtually improved digital reality”. This space allows for an immersive experience, will be detached from devices and will allow for the emergence of a virtual economy through the use of digital currencies and NFTs.

“The Metaverse will enable companies to grow and improve their businesses in new ways. However, with the current adoption of metaverse technologies being fragmented, Gartner predicts that it will take at least a decade before the metaverse is adopted by the general public (…) Furthermore, it is still too early to determine which investments in the metaverse. they will be viable in the long run, ”says Avivah Litan.

According to Gartner, the metaverse will especially need Web 3.0 because of the applications this version of the Web allows. “It can benefit from tokenization to store and exchange values ​​in a purely virtual environment,” specifies the analyst. “The Metaverse and Web 3.0 will not, however, merge into a single entity, but are complementary visions of the Internet of the future.”

Read our article: NFT technology, Quesaco?

Nadia Jennene

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