The Insane Future of Web 3.0 and the Metaverse

Do you think you own what you post on Facebook, Instagram or Tiktok? Let me be straight, you own sh*t!

This was how it used to work, but there are alternatives now. If you don’t trust the way the internet works nowadays and believe The Social Dilemma is right, continue reading. There’s an alternative: Web3.

First, we need to understand what the decentralized web is. The Web2 that we have nowadays is highly centralized in the hands of big corporates, but this is rapidly evolving to Web3. At the same time, the Metaverse is how the internet or virtual worlds will merge and integrate into our lives that we will be able to interact with it seamlessly. Let’s explore more in this article on the differences between Web 3.0 and the Metaverse and how they will complement each other in the future.

Web 3.0

Web 3.0 is a concept for the next generation of the internet. It is the evolution of how users are able to control and own their creations and online content, digital assets and online identities.

Web 2.0 is what we are experiencing at the moment. Companies develop and provide products and services in a centralized manner. Take Instagram as an example. Do you think you own your IG content? Nah, the company owns everything on the platform, and they have complete control of all the content that users create there. If they want to ban you or block you, they will do it.

Another example is the popular online game Fortnite. Users have zero control over their in-game identities and assets that they “own”. In Web 2.0, users cannot control and monetize the content they create.

I have to admit. Some cool stuff happened on Fortnite. 12.5 Million people attended Travis Scott virtual concert. Yes, you read it: 12.5 MILLION PEOPLE.

More than 2.5 billion gamers worldwide have been lied to that they own their in-game assets. They don’t own it.

In Web 3.0, however, users can create content while owning, controlling and monetizing them through the implementation of blockchain and cryptocurrencies. This is what enables NFTs. Am I sure you heard of it, right?

Blockchain can enable users to interact with online services governed by peer-to-peer…