6.1 The characteristics of the Metaverse

shaownhasane · Post by **shaownhasane** » Sun Jan 12, 2025 5:20 am

5 Web3 what is it?
5.1 How does it work and what are its features?
6 What is Metaverse?
6.2 How does it work?
Web3 and Metaverse: Similar or Different?
Before providing an in-depth look at NFTs, Web3 and Metaverse, it is important to first clarify the difference between Metaverse and Web3.

The two terms are often used synonymously austria phone data precisely because they use decentralized technologies such as blockchain, cryptocurrencies, NFTs and more, but in reality they are different.

Although different, the two concepts are not in opposition to each other but rather need each other to complete each other.

The Metaverse is positioned as a parallel universe to the real world and this world needs to have solid infrastructures that can be provided by Web3.

Differences between Metaverse and Web3
Web3 is a decentralized system that aims to be an alternative to those centralized systems that control the content created by users. Since it is based on the blockchain, the data is open and collectively owned, therefore users are the real owners of their data that is considered a public good and anyone can contribute to monetize it .

As for the Metaverse , we are faced with a broader vision. It is a universal, virtual and immersive world in which physical and digital reality are connected to each other. Each individual can “travel”, whenever they wish, from one dimension to another.

What are NFTs?
NFTs or non-fungible tokens are tokens whose content inside is a unique asset that cannot be replaced by another token. NFTs are unique and cannot be replicated precisely because they have unique identification codes and metadata that allow them to be distinguished from other NFTs .

Unlike cryptocurrencies, which are interchangeable and used as a payment method, NFTs are unique and cannot be replicated. This is why they are called “non-fungible”, because there can only be one original token, identified by codes, which cannot be changed, registered on the blockchain.