LIVEPLEX METAPHOR: WEB 3.0 VS METAVERSE
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Web 3.0, or Web3, has only recently been defined. Primarily, Web3 aims to be fully decentralized, putting content creation in the hands of creators and not platform owners.
While no one owns the internet, a few major companies exert considerable influence, and some critics say they have too much power. Web3
democratizes the internet and puts control back in the hands of users.
The metaverse is a device- and vendor-independent collective virtual space created by the convergence of virtually enhanced physical and digital reality. It has its own independent virtual economy, enabled by digital currencies and nonfungible tokens (NFTs).
Education, medical, retail and virtual events can deliver a more immersive experience. They don't have to create their own infrastructure, but the metaverse will provide the framework. Virtual events can present more integrated offerings, while retail can offer a more immersive shopping experience.
In this regard, the metaverse is not unlike the spatial web of Web3. It's a virtual immersive experience focused on 3D graphics and the real-world image, rather than 2D graphics and text like the current web experience. Instead of clicking through a site's links, users walk through it virtually.
Liveplex is a technology company that helps brands move from web2.0 to web 3.0 using its proprietary API stack.
Talk to us at hello@liveplex.io
18 episodes