Web3 and the Metaverse: A Glimpse into the Future of Online Interaction

Web3, the latest iteration of the internet, is gradually changing how we interact with the digital world. From finance, art, to social media, Web3 infrastructures are laying a foundation for an internet age where users have more immersive experiences and can directly contribute to the governance of decentralized ecosystems.

One interesting area in this niche is the metaverse. First coined in Neal Stephenson’s 1992 novel “Snow Crash,” this concept is now a reality with several metaverse worlds, such as Decentraland, The Sandbox, and AR-powered Web3 social media platforms like Peer, emerging to disrupt the digital interaction landscape.

Fair Share of Critics

Despite its potential in revolutionizing the digital realm, the metaverse has several critics, including some of the hardcore gaming enthusiasts who previously criticized Mark Zuckerberg’s Horizon World, noting that the graphics are far from what is currently integrated in popular Web2 games such as Call of Duty and Fortnite.

Even Elon Musk has termed the metaverse as buzzy-word, questioning whether it is viable to have headsets on all time to live in an alternate universe.

On the other hand, it is interesting to observe that 38% of Gen Z are in agreement that “”the metaverse is the next big thing and will become part of our lives in the next decade.” To add to it, Web3 metaverse projects are still getting a lot of attention even with crypto market being currently in a prolonged winter.

The big question, however, remains whether the metaverse actually offers some futuristic value? Both the critics and the believers have valid arguments, but from the latest developments, it is slowly becoming apparent that we might soon be able to immersively live and interact within the virtual realm.

This will likely be possible by combining several of the latest technologies, including Web3, Virtual Reality (VR) and Augmented Reality (AR).

Metaverse: The Future of Social Interactions

As mentioned in the introduction, Web3 and the metaverse, in particular, are setting the stage for what Peer’s founder and CEO Tony Tran Go to Source to See Full Article
Author: CryptoDaily

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