3 min

Web 3.0 or rose-tinted glasses?

Web 3.0 or rose-tinted glasses?

The term “metaverse” is heard more often in the speeches of tech leaders. In short, the metaverse is a crossroad of online and offline realities.

Imagine you need to go see a new apartment, but you can’t be there in time physically. Instead of making a normal video call, you can send your projection (just like in Star Wars) and inspect the details of a new place as if you were there.

What does a metaverse include?

🔸 Software (3D engines to construct virtual worlds)

🔸 Equipment (VR glasses, AR gadgets, etc.)

🔸 Databases (for storing metaverses)

🔸 Blockchain (multiple purposes)

One of the possible tasks of the blockchain here is to provide a connection between user data and their funds in order to use the services of the metaverse.

As such, the metaverse does not exist yet. However, blockchain technologies such as NFT are gradually blurring the boundaries between the real and the virtual.

WhiteBIT Team

Share to
Published by
Author: WhiteBIT WhiteBIT
The whole world of cryptocurrencies in your pocket
Always at your fingertips

Recent Articles

WhiteBIT EU Secures MiCA License in Austria, Expanding Regulated Crypto Services Across Europe

WB-Shield Innovations GmbH, operating as WhiteBIT EU, announced today that it has obtained authorization ...

New Long-Term Crypto Lending Plans with Flexible Early Withdrawal

We make sure that you have even more opportunities to implement a long-term strategy together with WhiteB...

What Is Branchless Banking and How Does It Differ from On-Site Banking?

Branchless banking is reshaping how billions of people access financial services — and for anyone working...

From HR to Human Capital: How Web3 Is Changing People Management

Companies have long measured competitiveness through technology, products, and financial resources. But i...

What Is An Aggregator In Crypto?

Key points from the article: DeFi aggregators consolidate various crypto services and protocols into a si...

More Crypto News

Go to the Category
The Role of Learning & Development at WhiteBIT

In traditional finance, change unfolds over years. In Web3, a “historical era” can begin and end within s...

Bitcoin’s Bad Dream: a History of the Sharpest BTC Price Drops

As we approach Halloween, we want to reminisce on some of the spookiest BTC price declines. Here’s a new ...

Early attempts to revolutionize the financial system

Bitcoin is often thought to be the father of all other cryptos. However, the idea of digital money appear...

UAHe: A Tokenized Financial Layer for the Digital Hryvnia

UAHE (branded as UAH eStable) is a tokenized representation of the Ukrainian hryvnia designed to function...

From HR to Human Capital: How Web3 Is Changing People Management

Companies have long measured competitiveness through technology, products, and financial resources. But i...

Download App

scan the QR code