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The internet is evolving rapidly. The evolution of technology is taking place at an unprecedented rate since global industries have started adopting new and more advanced levels of preparation to fight the Covid-19 war. The two most important trends that are most likely to become the top technology trends for 2022 and beyond are metaverse and Web 3.0. Since the fundamentals and concepts of both technologies are still evolving, there is no unanimous consensus as to what the two exactly are. Hence, there are several metaverse and Web 3.0 myths revolving around the market. Such top metaverse and Web 3.0 myths are even making the headlines, resulting in quite the fuss regarding the two. Now even experts have agreed to the fact that debunking these myths has become crucial to avoid any confusion since there might be several business leaders and individuals ready to adopt the technology for a seamless and fun internet experience. In this article, we have attempted to debunk some of the top metaverse and web 3.0 myths of 2022.
There is a misconception regarding the fact that people need to wear a virtual reality helmet and other specialized gear in order to access the metaverse. It is true that the metaverse does contain platforms that do cater to this kind of tech, but some of the well-known platforms, like Decentraland and The Sandbox, can be accessed using tools that users already possess like a desktop, smartphone, or a laptop. So, it is not entirely true that metaverse can only be accessed if users wear a VR helmet.
No, the metaverse is not owned by Facebook or the Meta platforms, in general. Although it is true that the company envisions to play a prominent role in shaping and developing this virtual world, and has already made headway by planning into developing and utilizing the metaverse technology to its full potential, Facebook does not own it. Experts predict that Facebook may actually end up dominating the new realm through its innovative tech ideas.
Through technologies like the Roblox, Sandbox, Axie Infinity, and Decentraland, the metaverse has been with us for more than a decade. Several individuals trace the metaverse back to Second Life, a virtual world that debuted in 2003, allowing users to explore, socialize, and trade goods and services with other users. With big tech evolving at a rapid pace, the metaverse is expected to grow and evolve, transforming into an immersive world.
Well, this myth can and cannot be debunked since supporters and critics of Web 3.0 state the facts differently. In the technical sense, Web 3.0 is the third generation of internet services for websites and applications that will focus on machine-based understanding of data to provide a data-driven and semantic web. But Web 3.0 has not been implemented yet, so there are no solid definitions yet that can debunk the fact of Web 3.0 is itself a fact or not.
There are plenty of ways to stay connected to the internet. We live in an information-rich generation where access to data and information cannot be stopped if is not using a particular type of technology or network. Some say that the hype around Web 3.0 is overblown. Marketers and activists oversell the idea of Web 3.0, but as compared to what is being discussed about it, very few actions have been taken based on it.
Although there have been many developments in the virtual gaming aspects over the metaverse, the truth is that metaverse does possess several real-world utilities. Business leaders have already started planning and strategizing operations around the metaverse, utilizing its full potential. Companies like PwC have opened metaverse branches so that they can envision customer demands from an advanced technical aspect.
The metaverse does sound like an alternate universe altogether that is backed by tech giants like Meta. But in reality, the metaverse comprises many interconnected worlds using powerful technology, including artificial intelligence, VR, AR, blockchain, and 3D graphics. But it is very much a part of the real-world economy with its own set of rules and outcomes.
When deciding to invest in property in the real world or the metaverse, the most critical thing to consider is the ROI. If investors truly believe that the metaverse will be the real deal in the future, then investing in real estate in the metaverse would actually be a good idea.
No, Web 3.0 will mainly focus on improving the search quality using AI for semantic connection, rather than changing the search time. The network can be used to yield relatable search results and a seamless internet experience but it does not affect the internet speed.
Again, users do not need to own specialized devices and interfaces when it comes to handling Web 3,0, They can use the same devices that they used while operating from Web 1.0 and Web 2.0.
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