Overview
The Metaverse is a vision of a future internet consisting of persistent, shared, 3D virtual spaces linked into a perceived virtual universe. In the context of Web3, it is often built on decentralized protocols to ensure user ownership of assets and interoperability between different virtual worlds.
Key Concepts
- Persistence: The virtual world continues to exist and evolve even when users are offline.
- Interoperability: The ability to move digital assets (like avatars or items) between different platforms and environments.
- Digital Ownership: Facilitated by blockchain and NFTs, allowing users to truly own their virtual land, items, and identity.
- Presence: The feeling of actually being 'inside' the space, often enhanced by VR and AR technologies.
Web3 Integration
Web3 technologies provide the economic and identity layer for the Metaverse, enabling decentralized governance (DAOs), secure transactions, and verifiable scarcity of virtual goods.