Most people have heard of the metaverse by now. It has been talked about for at least a couple of years. People know that it pertains to a digital world, one that is similar to our own. But that is where the similarities stop because this is more like a videogame that you can experience from a very first-person perspective. It is connected directly to Web3 and Dapps, and without these, the metaverse would not be able to function. Here is an overview of what the metaverse is and how it interacts with the blockchain and decentralized applications.

What Is Web3?

Web3 is a platform on which cryptocurrencies, DOAs, and NFTs are able to function. It is designed to surpass the existing Internet using artificial intelligence and blockchain technology. When using anything with the blockchain, there will be a public ledger, one that will not include any personal information or those doing the transactions. The key to this working is that the blockchains are decentralized, which means there are no rules, yet there is no paper trail or even added digital level for transactions.

What Are Dapps?

This is simply an acronym for a decentralized application. It is built on a completely decentralized network with a small front and interface. It uses a smart contract and connects with the blockchain network of computers or a single computer that is interconnected with many others. These are also decentralized which means there is no interference, or any type of control, from a pervading single authority. These were actually built based on bitcoin and how those transactions would occur. The records in the ledger were very accurate, ensuring anonymity for those that would send and receive this digital money.

How Does The Metaverse Relate To These Two Things?

The reason that the metaverse will work perfectly with both of these things is that they create a digital space that is completely anonymous. With Web3, it is a decentralized system that will allow anybody to connect. Dapps is a decentralized platform that will not be controlled by anyone person or company. Both of these things combined, along with a platform that is completely anonymous, will allow everyone to join in without revealing who they are. It is this autonomous nature of the metaverse, along with the anonymity of Dapps and Web3 that will make it easy for this to be provided to people all over the world.

The metaverse is very similar to many movies we have seen talking about worlds made of holograms. It is a separate place, one that is not in your mind, but literally within a platform within a computer. You are able to sync with this reality using specialized goggles and hearing aids that will put you in the midst of a world that is exponentially changing. It is the combination of all of these factors and platforms that will make it accessible to all as we wait for the new and improved metaverse to be released.