What are Web 3.0 and Metaverse? What United States tech giants want to do?

Recently, the concept of metauniverse has exploded, and various giant companies have deployed meta-universe. Just a few days ago, Facebook released the meta-universe product "Horizon".

 

What is web 3.0?

According to Chris Dixon, partner of Silicon Valley venture capital dark horse a16z announced the Google search trend of "Web3" in the US, search volume has risen sharply in the past 12 months. U.S. political circles also maintain a high degree of concern about Web3. On December 8, the hearing on "The Future of Digital Assets and Finance: Understanding the Challenges and Benefits of U.S. Financial Services" was held in the U.S. Congress. The bigwigs of cryptocurrency attended the hearing and informed members of Congress about cryptocurrency and Web3. Meta Universe hasn't played yet, understand that the United States has already started playing Web3? These big names include Jeremy Allaire, Co-founder, Chairman, and CEO of Circle (Circle has issued the world’s second most popular stable currency USDC), Samuel Bankman-Fried, CEO and founder of FTX ( FTX is the world's third-largest crypto spot exchange and sixth largest crypto derivatives exchange) and so on.

Obviously, this hearing is of great significance in the history of the development of the Internet and cryptocurrencies. "This is the first time that a member of Congress has adopted the platform of a committee hearing to emphasize that Web3 is the future of the Internet.

So, what exactly is web 3.0?

Web 1.0 refers to the earliest stage of the Internet. The website feeds information to users, and users can only passively receive it (similar to the era when portals such as Sina and Sohu occupied the market); web 2.0 refers to users who are both Internet browsers and content creators. (For example, all kinds of self-media and short video creators continue to output content today, and everyone can be a content producer and consumer at the same time). There is a consensus on web 1.0 and 2.0, and web 3.0 currently does not have a universally recognized definition. Everyone is covering themselves-people who engage in the Internet of Things say that web 3.0 is the Internet of Everything; those who engage in AI say that web 3.0 is smarter Internet, and people in the currency circle grabbed the life-saving straw of IPFS and said that web 3.0 is a decentralized Internet.

As a new Internet movement, Web 3.0 must first build the underlying infrastructure of the Web. In the past few years, technologies based on mainstream public chains such as Ethereum have achieved certain development. The name Web3.0 appeared earlier than the blockchain. But before the rise of blockchain, Web 3.0 could only stay in the conceptual stage due to a lack of solutions. With the development of blockchain technology, a number of Web3.0-related projects have emerged. The emergence of decentralized distributed networks such as Ethereum has shown the dawn of Web 3.0. Web 3 can change the Internet oligarchy caused by the current centralized network and put the power of information release in the hands of users. Web 3 will be conducive to the explosion of decentralized organizations, and will also promote the birth of a certain scale of SaaS tools and middleware projects.

For online games with Web 3 features, players now have the digital property rights of the native economy in the game, and players can directly and legally participate in value exchange, and directly cash in economic value from the game. The transition of game players from "consumers" to "production participants" will make the income of game developers more diversified, and encourage game developers to promote the development of the in-game ecosystem, rather than simply by adding game content Profit from the sale of props. Since the Web 1 era, the copyright issue of Internet content has always been a difficult point. On the one hand, the Internet breaks the physical limitations of time and space, allowing various digital assets such as videos, music, and novels to attract a large number of users with unprecedented proliferation, but on the other hand, the zero-cost reproducibility of the Internet exposes digital assets Under various acts of theft and plagiarism.

The traditional copyright protection law can play a role in the real physical world, but it becomes difficult to apply to the virtual network world. After the concept of NFT was implemented, many people seemed to have seen the savior of digital assets in a mixed virtual world. NFT uses specific digital assets or physical assets as digital units to create a series of identifiable data blocks and store them on the blockchain to form a traceable and non-fungible pass. NFT can be used to verify ownership and allow transactions and sales on the digital market. NFT will inspire the enthusiasm of countless content creators, bring explosive growth of content to the Internet world, and prepare content for the development of Metaverse.

 

At present, the transaction speed on Web 3 is still relatively slow, because they are decentralized, sacrificing efficiency in exchange for security. The farthest participants on the network may be many edges away from each other, and information broadcast from one side of the network may take a long time to reach the other side. Web 3 generally has lower performance (lower throughput and more total computing resources consumed) and more complex implementation. In our visible period of time, Web 1, Web 2, and Web 3 will coexist for a long time. However, as more and more developers and investors focus on this field, the continuous improvement of Web 3 infrastructure and the continuous popularization of Web 3 applications, there will be many new Internet business models that will change people’s lifestyles and build A more humane, transparent and secure Internet world will bring many new opportunities for entrepreneurship and investment in the next 10 years.

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