Web 3.0, Blockchain Gaming and Metaverse explained - Beginners' Guide

Introduction to Web 3.0 and its Importance

Internet technology has been constantly developing and innovating. So far, we’ve experienced Web 1.0 and 2.0, and have had lively discussions around what Web 3.0 looks like. Web 1.0 provided users with a static experience, but was unable to create content-rich websites like today. Web 2.0 brings us together with social media and dynamic websites, but at the cost of centralized management.

Web 3.0 seeks to give us control over online information and create a semantic web. This means that the user-generated content will be easily read and processed by machines. Blockchain will provide support for decentralization, free digital identity through cryptocurrency wallets, and an open digital economy.

The available 3D solutions will provide us with a more immersive way of interacting with the web. Users can also browse efficiently, insert relevant ads, and improve customer support. Some of the most used Web 3.0 technologies also come with virtual assistants like Siri and Alexa, and connected smart homes.

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Introduction

Over the past two decades, the Internet has undergone tremendous changes. We have grown from Internet Relay Chat (IRC) to a modern social media platform. From basic digital payments to sophisticated online banking services. We have even experienced brand new internet-based technologies such as cryptocurrencies and blockchain. The Internet has become an essential part of human interaction and connection and will continue to evolve. So far, we have seen Web 1.0 and 2.0, what kind of surprises will Web 3.0 bring us? Let’s dive into the details and see what’s in store for Web 3.0.

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What is Web 3.0?

Web 3.0 (also known as Web3) is the next-generation Internet technology that relies heavily on machine learning, artificial intelligence (AI), and blockchain technology. This statement was first proposed by Gavin Wood, the founder of Polkadot and co-founder of Ethereum. Web 2.0 focused on hosting user-generated content on decentralized websites, while Web 3.0 gives users greater control over online data.
This capability aims to create open, connected, intelligent websites and web applications, and improve machine-based understanding of data. Decentralization and the digital economy also play an important role in Web 3.0, allowing us to assign value to content created on the web. We should also understand that Web 3.0 is a constantly changing concept. Regarding its definition, it can be said that the benevolent sees benevolence, and the wise sees wisdom.

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How does Web 3.0 work?

Web 3.0 aims to deliver personalized and user-relevant information faster by using artificial intelligence and advanced machine learning techniques. The development of smarter search algorithms and big data analytics means machines can intuitively understand and recommend content. Web 3.0 will also focus on user ownership of content and support an accessible digital economy.

Current websites often display static information or user-driven content, such as forums or social media. While the user can get the data, it does not meet the needs of a specific user. Websites should provide information tailored to each user, just like real-world human communication. In Web 2.0, users lose ownership and control of this information once it is online.

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A Brief History of Network Development

To better understand Web 3.0, let’s take a look at its evolution and current state. For more than 20 years, we have experienced great changes:

Web 1.0

We call the experience provided by the original web Web 1.0. The term was coined by author and web designer Darci DiNucci in 1999 to distinguish Web 1.0 from Web 2.0. In the early 1990s, websites were built with static HTML pages that only displayed information. Users cannot change data or upload their own data. Social interaction is limited to simple chat communication programs and forums.

Web 2.0

In the late 1990s, the shift to a more interactive network began. With Web 2.0, users can interact with websites through databases, server-side processing, forms, and social media. These tools transform the web experience from static to dynamic.

Web 2.0 focuses more on user-generated content and interoperability between different sites and applications . In the era of Web 2.0, users need to participate, not just statically observe. By the mid-2000s, most websites were transitioning to Web 2.0, and big tech companies started creating social networks and cloud-based services.

Web 3.0 and its future prospects

Looking back at the history of the Internet, the evolution of the Semantic Intelligence Network has a reasonable context. In the beginning, the data was presented to the user in a static way. Afterwards, the user can dynamically interact with this data. Algorithms will now use all the data to improve the user experience and make the web more personal and more familiar to operate. Just browse YouTube or Netflix to see the power of the algorithm and how it improves.

Although Web 3.0 is not yet fully defined, it can leverage peer-to -peer (P2P) technologies such as blockchain, open source software, virtual reality, the Internet of Things (IoT). Web 3.0 also aims to make the Internet more open and decentralized. In the current framework, users rely on network and cellular providers to use personal data and information. That could soon change with the advent of distributed ledger technology, where users can take back ownership of their personal data.

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Key Features of Web 3.0

Web 3.0 is still far from full adoption, but its core concepts are largely clear. The following four topics are often listed as the most important aspects of the future of Web 3.0.

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Semantic markup

Machines are gradually getting better at understanding the data and content created by humans. However, it’s a long way from creating a seamless experience that fully understands semantics. For example, in some cases the word “bad” might mean “good”. Understanding this can be very difficult for a machine. However, with the study of big data and more information, AI is starting to better understand and visualize what we write on the web.

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Blockchain and Cryptocurrencies

Data ownership, online economy and decentralization are important aspects of the Gavin-Wood Web3 contract. We’ll explore this topic in more detail later, but blockchain provides a proven system to achieve many of these goals. Anyone can convert assets into tokens, store information on-chain and create digital identities, a major innovation for Web 3.0.

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3D visualization and interactive presentation

In short, the look and feel of the web will change dramatically. We’ve seen it evolve towards 3D environments that include virtual reality. The Metaverse pioneered this type of experience, and we’re already familiar with socializing through 3D video games. The field of user interface and user experience is also working on presenting information in a more intuitive way for web users.

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Artificial intelligence

AI is the key to transforming human-created content into machine-readable data. We’re already familiar with customer service bots, but this is just the beginning. AI can both present us with data and sort it, making it a versatile tool for Web 3.0. Most importantly, AI will self-learn and continuously improve, reducing the work required for future human development.

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In what ways is Web 3.0 superior to its predecessors?

From a theoretical point of view, the combination of key Web 3.0 capabilities will bring many benefits. Don’t forget, these will all depend on the success of the underlying technology:

No central point of control

The intermediary has been removed from the complex and will no longer control user data. This freedom reduces the risk of government or corporate censorship, reducing the effectiveness of denial of service (DoS) attacks.

Enhanced information interconnection

As more and more products connect to the Internet, larger data sets provide algorithms with more data to analyze, helping to provide more accurate information to meet the specific needs of individual users.

More Efficient Browsing

When using a search engine, it can sometimes be difficult to find the best results. But over the years, search engines have come a long way in finding semantically relevant results based on context and metadata. This makes the web browsing experience easier and helps anyone easily find the exact information they need.

Improve advertising and marketing

No one likes being bombarded with online ads. However, if these ads are relevant to your needs, it might be less annoying and perhaps helpful. Web 3.0 aims to leverage smarter artificial intelligence systems and target specific audiences for advertising based on consumer data.

Stronger customer support

Customer service is critical to providing a smooth user experience for websites and web applications. However, many successful web services have struggled to scale customer service operations due to high costs. With an intelligent chatbot capable of talking to multiple customers at the same time, users can enjoy a superior experience when dealing with support agents.

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How does cryptocurrency fit into Web 3.0?

Blockchain and cryptocurrencies have huge potential for Web 3.0. Decentralized networks successfully provide incentives for more responsible data ownership, governance, and content creation. Aspects that are highly relevant to Web 3.0 include:

1. Digital cryptocurrency wallet – Anyone can create a wallet that can be used to transact and act as a digital identity. No need to store your details or use a centralized service provider to create an account. You have full control over the wallet, and the same wallet can often be used across multiple blockchains.
2. Decentralization – Through the blockchain, information and power can be transmitted transparently among large groups of people. This is in stark contrast to Web 2.0, in which big tech giants dominate significant areas of our online lives.
3. Digital economy – People can own data on the blockchain and use decentralized transactions, and a new digital economy emerges. These allow us to easily evaluate and trade online goods, services and content without the need for banking or personal details. This openness helps make financial services accessible to more people and helps users start making money.
4. Interoperability – DApps and data on the chain are becoming more and more compatible. Blockchains built using the Ethereum Virtual Machine can easily support each other’s DApps , wallets and tokens. This helps increase the ubiquity required for the connected Web 3.0 experience.

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DeFi 3.0 use cases

Although Web 3.0 is still in development, we can also cite some ready-made examples:

Siri and Alexa virtual assistants

Apple’s Siri and Amazon’s Alexa both offer virtual assistants that can check many Web 3.0 boxes. Artificial intelligence and natural language processing help both services better understand human voice commands. The more people use Siri and Alexa, the more their AI can improve how they recommend and interact. This makes it a perfect example of a semantically intelligent web application in a Web 3.0 world.

Connected Smart Home

“Everywhere” is a key feature of Web 3.0. This means that we can use our data and online services across multiple devices. Today, systems can intelligently control the heating, air conditioning and other utilities in your home. A smart home can tell when you’re away, when you’re home, and what room temperature you prefer. It can use this information to create a personalized experience. You can access the service from your mobile phone or other online device wherever you are.

The development of the Internet is a long process and will inevitably develop iteratively. With the explosion of available data, websites and applications are shifting towards a more immersive web experience. Although Web 3.0 has not yet been specifically defined, the pace of innovation has been taken, and the future development direction is obvious, and blockchain is bound to become a key part of the future of Web 3.0.

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Blockchain Use Case: Gaming

The blockchain ecosystem is growing rapidly, expanding its audience every day. Although blockchain technology is mainly used in cryptocurrency networks, it can also provide innovative solutions for many industries.

We have produced numerous articles discussing blockchain use cases. Notable industry sectors include healthcare, government governance, supply chain, IoT, and philanthropy.

But did you know that blockchain technology is also changing the gaming industry.

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Today’s gaming industry

Today, the vast majority of online games use a centralized model. In this mode, all relevant data is stored on servers fully controlled by game administrators.

Typically, this type of data includes account information and server history. They record and store all events and in-game assets collected by players (such as collectibles, items, and virtual currency).

The game database is owned by a company, and players have no real ownership of their accounts and items. Additionally, centralized servers have many limitations and vulnerabilities, which may include:

• Server failure due to technical issues
• Hacking the system
• Game stopped
• Improper account ban
• Lack of transparency about game mechanics and drop rates
• Developers and administrators manipulate the game economy

In other words, the power is in the hands of the gaming companies. Fortunately, blockchain technology can eliminate or mitigate the effects of most problems.

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How does it work?

As a distributed database, blockchain-based systems can be used to verify and secure a variety of digital data, including game histories, digital items, and tokenized assets. The whole point of adopting this technology is to take power away from the game companies and delegate it to the players.

In this way, each player can fully control their account and digital assets, and freely trade anytime, anywhere. There are many different approaches to developing and maintaining blockchain games.

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How does blockchain affect the gaming world?

This section will look at some of the most common ways blockchain technology is impacting the gaming industry.

True ownership

As mentioned earlier, blockchain-based games allow players to permanently own and fully control their game assets. Typically, each asset is represented by a unique non-fungible token (NFT), such as an ERC-721 token.
These assets may include game cards, skins, gear, and characters. However, regardless of the asset type, it is possible to link to a blockchain token maintained by a distributed network.

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Decentralized Market

Game companies have the right to manipulate game drop rates and economics. They can also lock or bind in-game items so that they cannot be traded.

In contrast, games based on blockchain networks can create decentralized marketplaces. In this way, there is trustlessness among players while creating resistance to censorship. All players can freely buy, sell and trade their game assets in a peer-to -peer manner.

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Simplify the payment process

Blockchain and smart contracts have the ability to reduce fees and speed up financial transactions. They can simplify various payment processes, and in addition to peer-to-peer transactions between players, transactions between players and developers can also be simplified.

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Game multiverse

As long as in-game data and items are linked to blockchain tokens, players can trade assets between games. This allows players to recycle digital assets while trying out different games.

Since game items are represented by digital tokens, players can trade these tokens on other game marketplaces hosted on the same blockchain.

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Fair game environment

Depending on the implementation, blockchain can create open-source, transparent, distributed game servers. In this case, the game mechanics can only be changed if a majority of the participants in the network vote in favor.

Additionally, the distributed nature of the blockchain eliminates a single point of failure, preventing hackers and cheaters from breaking the game.

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Unlimited games

If the game relies on a centralized server, developers can abandon the project or close the game at any time. With the blessing of blockchain technology, players can continue to play the game even if the developer runs away.

Games will exist as long as the blockchain network continues to function. In some cases, new developers take over and continue to improve the project.

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Limitation

While blockchain technology opens up entirely new horizons for gaming environments, it still has multiple challenges to solve. These include:

Poor scalability

Blockchains tend to be much slower than centralized networks, potentially limiting the global rollout of games.

The application rate is low

While there are hundreds of blockchain games to choose from, overall demand remains low. Most games have very few players.

Centralized

Not all blockchain games are fully decentralized. Some games use ERC-721 or other blockchain tokens, but are actually still running on centralized servers.

Too simplistic

With the exception of a few masterpieces, most blockchain games are too simplistic to appeal to players who value image quality or a refined gaming experience.

The threshold is higher

Raising funds to start and maintain a blockchain game is difficult. Adoption and scalability issues also limit the developer’s work.
Competition is fierce. Blockchain games are usually developed by independent small groups (indie games). It’s hard for these teams to compete with the big game companies in a centralized world.

Fortunately, solutions are emerging gradually. Many teams are trying to solve the scalability problem using Ethereum Plasma , Lightning Network and other Layer 2 solutions.

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Blockchain game example

Compared with the traditional game industry, blockchain games are still an emerging market with relatively small scale. Still, there are hundreds of DApps and games built on the blockchain network.

Most decentralized applications and gaming platforms run on the Ethereum blockchain (such as Enjin and Loom). Other networks, such as EOS, TRON, ONT, NEO, VeChain, and IOST, are also emerging with new projects. Here are a few blockchain games:

• Decentraland (Virtual Reality Platform)
• “Cryptokitties”
• Gods Unchained
• My Crypto Heroes
• Cheeze Wizards
• Crypto Space Commander
• Mythereum
• Axie Infinity
• HyperSnakes
• EOS Dynasty
• EOS Knights
• Beyond the Void
• CryptoZombies
• Relentless
• Relentless
• HyperDragons Go
• CryptoWars

Obviously, blockchain technology has great potential in the gaming industry. This technology brings significant improvements to gamers and developers, with significant increases in decentralization, transparency, and interoperability.

If developers break through major limitations, blockchain has the potential to shape a better gaming world, and even open up entirely new areas of entertainment, allowing players to freely enjoy games.

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What is the metaverse: a virtual future to embrace or a virtual future to fear?

The world is evolving at a rapid pace and the recent COVID-19 pandemic has accelerated many existing trends, which are likely only to be consolidated by a new political consensus that the climate crisis can no longer be ignored. While the direct impacts and responses to these phenomena are varied and multifaceted, a possible direction of travel appears to be increased physical and social isolation. As people spend less time together in face-to-face meetings and each generation is more online than the previous generation, it makes sense that cyberspace is the new meeting point. The metaverse will transcend borders, societies, corporations, countries and civilizations.

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What is Metaverse?

Metaverse is a term coined from Neal Stephenson’s 1992 novel ‘Snow Crash’. It is a compound word of ‘Verse’. So the concept of this term is a world beyond ours; A world that is permissible outside of this world. In a way, it already exists: through virtual reality (VR) you can experience another world; Enhance the physical world with augmented reality (AR) like Pokémon; Or you can physically move your own character in a video game like Nintendo. But so far, all of this has been relatively simple and local. Aside from playing against friends and family as avatars online, this digital world has yet to open people’s hearts to each other.

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What is the function of Metaverse?

The metaverse will transcend borders, societies, corporations, countries and civilizations. Whether it’s exploring new worlds, playing games, seeking expert advice from a doctor or lawyer (who will attend the metaverse as an avatar), or attending a business meeting or conference yourself, it can be used for everything. Instead of making a video call, you can walk, sit, listen, donate, or gift to another avatar in the room as your avatar walks into the digital room.

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What makes the metaverse?

Matthew Ball claims that there is a set of qualities that make up the metaverse.

• Continuous: Continues indefinitely without stopping or ending.
• Open: Anyone is allowed and can participate.
• Economy: You must have money and trade.
• Duality: transcends both the digital and physical worlds.
• Information Processing Interoperability: Assets — non-fungible tokens (NFTs) in the form of money, or others — can be moved and used across the globe in Facebook’s metaverse, for example in games like Fortnite.
• Contribution: Contributors and creators can create, extend and evolve the metaverse

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How will the global metaverse be structured?

As the metaverse evolves, it will evolve and take different paths. Judging from the current companies that are stepping into this space, it is clear that the metaverse will consist of many worlds: the world of games, the world of social media, the world of digital real estate, but if the metaverse exists, all of these must be connected in some way. For now, there are several components needed for a global metaverse.

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What is Metaverse Blockchain?

The Metaverse should be built on something decentralized as something that can have a huge impact on people’s work, social and personal lives. A high level of security is required as a place where individuals wish to discuss personal matters or conduct transactions (eg, consulting and paying attorneys’ fees). Finally, as a continuously expanding platform, it must support growth. All of this leads to blockchain technology, providing a complete solution with security, decentralization and scalability. For example, it supports DApps like Ethereum, but with better scalability and lower carbon footprint for increased speed, all of these are expected to materialize in Ethereum 2.0.

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What is Metaverse NFT?

Non-fungible tokens (NFTs) allow people to take full ownership of digital assets. This is important for all participants in the metaverse, as every participant in the metaverse can have their own avatar or character. What’s more, you can open and own your own personalized possessions, such as a doctor’s office and waiting room for patients, a home to invite friends to, a ballroom, restaurant, hotel or casino. The possibilities are endless. This could easily create an entire economy, not only in real estate, but also in trade, entertainment and education. Avatar can visit the Art Museum and purchase NFT artworks on sale there. Vacationers can visit Las Vegas on Metaverse to spend or earn Metaverse cryptocurrency. Alternatively, individuals can visit the hotel and stay. All of this is possible and all of this can generate income. Not only that, but because Metaverse theaters need virtual actors, hotels need porters, and casinos need waiters, it can create jobs.

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What is Metaverse Cryptocurrency?

Many metaverse activities require fiat currency, which means that metaverse cryptocurrency is required. Each world within the metaverse will likely have its own currency that can be used throughout the metaverse or exchanged for the metaverse cryptocurrency. This is supported by the need for a metaverse cryptocurrency to run the site itself in terms of standard blockchain fees, staking, and node rewards.

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How to use Metaverse?

How you use Metaverse0 depends on your individual and needs, but some examples are already starting to appear.

Facebook Metaverse and Horizon Workrooms:

Facebook is jumping into the Megaverse by introducing a virtual office space that individuals can enter using an Oculus Quest2 headset and handholder. These tools have sensors that reflect real-time movement in a virtual lab. Users can walk around their living room giving presentations or high-fives to co-workers, all reflected by the virtual workroom’s avatar.

Performance:

Musicians are already exploring this aspect of the metaverse. With concerts vacant during COVID-19, Travis Scott took a new approach and held the entire concert within the online game “Fortnite”. My entire concert in the online game “Fortnite”. Here he was able to transform himself into a giant, cyborg, and deep-sea diver, and invite fans to the sea to swim together around his huge feet. The possibilities are endless, and with good speakers and a good headset, the proximity and immersion can even surpass a real concert. In Metaverse, all your friends can enjoy the show.

Social Events:

In Metaverse, friends can play, watch a movie or visit facilities such as restaurants, casinos or clubs. However, as it happened in 2020, bigger and more important events like weddings are starting to take place online. This is driven by restrictions in the COVID-19 pandemic. However, given the financial savings, ease of organization, and the absence of physical restrictions on the number or location of people, it can be quite normal to celebrate important life events in the metaverse.

Military, safety and security:

This is another aspect of the metaverse that is already being explored, especially using VR to build custom environments for training scenarios. Metaverse can also be used for remote secure meetings when the area is too risky or not trusted enough to meet in person.
Counseling: For those who are too ill or frail to leave the house, the metaverse can be a place where they can physically see a doctor and show their illness physically. One day, full-body suits that allow doctors to virtually perform routine checkups on the metaverse may be available. A similar situation may apply in legal counsel or court cases where a witness, victim, or suspect is too vulnerable or too dangerous to go outdoors.

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How to use metaverse?

Currently, different metaverse-like environments are accessed online or through apps. However, as a more integrated metaverse begins to materialize, the situation may change, with a single app serving as a platform or portal to several other worlds. But if Elon Musk does his way, he’ll probably access it via a neural link microchip implanted in his head – the dystopian possibilities of such a technology explored in works like “Black Mirror” make users want to use these types of applications. It can be difficult to accept.

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Are there any risks in creating a metaverse?

There are many concerns about building a parallel digital universe. You don’t have to look far to find incredibly popular movies and series that explore the subject. ‘The Matrix’ is arguably one of the most famous films to make you wonder if we’re living in real life, or if we’re living in virtual reality without even realizing ourselves. There was a similar scenario in the “Black Mirror” series, always with negative results. Of course, it is worrisome that as technology advances, we may lose our inability to distinguish the real from the fake. However, this level of fully immersive technology and interoperability is still far away, and individuals cannot yet fully escape to another world. The current metaverse offers exciting opportunities to explore, experiment and hopefully help society in previously undiscovered ways.

As the line between what is real and what is not is blurring, so do concerns about manipulation. What if those with vested interests, whether financial or political, took control of the metaverse and our lives after that, using such powerful and potentially mind-blowing tools? This is probably a debate over private ownership of the metaverse. How this problem will be resolved remains a mystery. How the issue will be resolved remains a mystery, especially given that the technology’s early adopters and drivers are mostly large corporations like Facebook, where the technology’s early adopters and drivers already suffer from low public trust and face privacy issues. On the positive side, however, decentralization of blockchain technology can provide a means of preventing the accumulation of too much centralized power by strong vested interests.

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Conclusion

Metaverse offers an exciting opportunity to bring people closer in the virtual world. It can be a gateway to providing help and opportunities to those who are more vulnerable, or providing jobs to people who are physically unable to attend work because of their place of residence or disability. It also gives people more freedom to create what they want to see or do wherever they want.

The technology is still evolving, and where it will go is a mystery, but the wheel of change is spinning and it will be exciting to see what changes it will bring. On the other hand, to avoid dystopian scenarios such as “black mirror”, the metaverse must be secure and decentralized, opening up a perfect partnership between blockchain technology, cryptography and metaverse.

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Is Web 2.0 over?

This year, Zhonggai Internet has plummeted collectively, and the stock price has basically returned to the level of 2017 or even earlier. In addition to the impact of the general environment and the escalation of supervision, there are also problems in the development stage of the industry, that is, the high-speed growth stage of the Internet industry has ended. , Now the Internet has gradually become an infrastructure, and it is no longer a fast-growing trend industry.

The Internet in this article mainly refers to the Internet in the current WEB2.0 stage. There is still a new breakthrough in the entire Internet industry, that is, WEB3.0. At present, there is a huge gap in overseas talents, and the domestic Internet giants are shrinking and laying off employees. The factories are in sharp contrast. In fact, large domestic factories also have WEB3 departments, but also because of policies, they can only do technical research and exploration, and it is difficult to launch products, so they lack the ability to realize profits.

WEB3.0 cannot bypass blockchain technology, and currently the most likely infrastructure to carry WEB3.0 is ETH. It can also be seen in the recruitment requirements of related positions. In addition to basic programming skills, additional familiarity with BTC will be required. , The underlying principle of ETH, specific products such as NFT and DEFI, and Cosmos cross-chain technology, it is no problem to do research in this direction, but to rise to the launch of products, it is difficult to distance itself from the virtual currency hype that has been cracking down in China.

Therefore, the fall in the stock price is actually a change in the positioning of the company. The era of high growth of Zhonggai Internet has come to an end, and the era of strong supervision and stability has evolved into the era of infrastructure. Similarly, the public chain technology represented by ETH has arrived. The future has also arrived.

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