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The Ultimate Merge of Metaverse and Web to Change the Tech World

Published Tue, Jul 12 2022 09:21 am
by The Silicon Trend

 

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The Ultimate Merge of Metaverse and Web to Change the Tech World

Metaverse and Web are developing innovative business places to drive profit effectively. Web 1.0 started in 1990 when Tim Berners-Lee executed the first successful communication between HTTP client and server through the Internet. However, when it comes to the term 'Metaverse' was coined in 1992 by Neal Stephenson in his novel called Snow Crash, where humans, as avatars, interact with each other and software agents in a 3D virtual space that leverages the real-world metaphor.

 

Also Read: A Metaverse Marketing Guide: Changing Markets and Looking Ahead

 

Digital Twins

The idea and model of this technology is the digital counterpart of a physical object, launched in 2002 by Michael Grieves at the University of Michigan. Grieves proposed the digital twin as a conceptual model underlying the lifecycle management of a product.

Web 2.0

Web 2.0 was popularized by Tim O'Reilly in 2004. It explains websites that leverage tech beyond the static pages with minimum linking and search potentials of earlier websites. Other names for Web 2.0 are personalized Web, social Web, and participative Web.

 

Also Read: The Development of Blockchain and How to Defend Against Attacks on De-Fi

 

Bitcoin and Blockchain

In 2009, the bitcoin network came into existence with its secret inventor, Satoshi Nakamoto, mining the bitcoin genesis block, which yielded a reward of 50 bitcoins. This was the day bitcoin originated. Following Bitcoin's invention, Nakamoto also discovered the blockchain to act as a public transaction ledger for bitcoin.

NFTs

Non-Fungible Token (NFT) represents a unique item instead of a fungible token, which are mutually interchangeable, like Bitcoin.

Web 3.0

Popularized in 2006, the definition of Web 3.0 varies significantly. It's known as the next stage of the Web, where influence becomes more relevant than future significance.

 

Also Read: All in One Roborock S7 MaxV Ultra Review: This Robot Cleans Everything

 

Decentraland and Smart Contracts

The first iteration of Decentraland was launched in 2015. It allocated land through the Proof of Work (PoW) algorithm. In the 2021 NFT boom, the sales of a few games' real estate plots rose to more than $100K. Since the launch of the Ethereum Blockchain, the term 'Smart Contract' has been significantly applied to the notion of general-purpose computation that takes place on a distributed ledger.

Web 4.0

According to Daniel Burrus, Web 4.0 is an ultra-intelligent e-agent. The next level of intelligence is awareness.

Renaming of Facebook' Meta'

Last year, Facebook CEO - Mark Zuckerberg introduced Meta, which brings together the techs and apps under one umbrella. Meta's focus will be to get the Metaverse to life and assist people to connect, identify communities, and grow ventures.

The Metaverse Future

Organizations like Walmart, H&M, and Samsung have begun experimenting with retail industries based in the Metaverse. It's a novel realm for customer interaction and marketing, and it won't be long before most firms have a presence there, which will all rely on Fintech for transactions. For example, virtual luxury real estate organizations are already speeding up to make a profit on the platform by selling luxury, off-plan, virtual villas. The developers have confidence in their products, which currently cost the US $10,000 each in the region.

 

Also Read: Google to Start Auto-deletion of Sensitive Location Visits from User's Location History