Here is a case where everyone is looking left when they are looking right.
There is a lot of information spewed about how the Metaverse is the next big thing. We see the videos online of "Top 5 Metaverse Stocks You Need To Own Today". Each day we see Fortune 1000 corporations with their "Metaverse plans".
It seems everyone wants to be a Metaverse company.
We are seeing a repeat of the "Information Superhighway". Remember that term? That was what people were calling the Internet in the early days. How many still use that term. Does anyone even know what it means anymore?
This shows how far off the projects where. The Internet became a lot more than an information mechanism. Also, companies that took the approach of being major players in that area are no longer around. Within a short period of time, the Internet went from an information medium to one based around communication.
So why is the Metaverse fluff and what is truly evolving.
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Web 5.0
This was something we covered before. The Metaverse can be viewed as *Web 5,0. In other words, it is down the road a fair bit. While we cannot discount the potential, it likely will not look how we are envisioning it today. We can expect things to unfold, perhaps in the 2050s. We simply need too much improvement in computing and our communication networks.
Unfortunately, there is no way to speed up the process. Computation seems to take a consistent and standard path. While our systems are getting more powerful, the progress is steady. Thus, many charted how fast things will progress.
That is not to say that we are stuck waiting around for it to take place. Actually, we are going to see some amazing things between now and 2050. Again, how it all will look is going to surprise most of us. Nevertheless, we are going to see society change in many ways.
If we keep the Web 5.0 idea in mind, then we can eliminate a great deal of the noise that is being spewed. After all, where does the Internet of Things (Iot) stand? Remember that one?
As we move further down the path, edge computing will be something crucial to watch. For this reason, we can safely say that the Metaverse is not around the corner. Until this type of architecture arrives, the Metaverse is nothing more than a marketing term.
Also, latency, or a lack of, is going to be crucial. We will need to get that down exponentially lower than we can today. When that happens, then we can start to discuss the idea.
Web 3.0
The next big thing, and what everyone should be looking at, is Web 3.0. This is where the videos are required. Instead of 5 Metaverse stock to buy, people should be doing videos about the "Top 5 Web 3.0 Opportunities". Here is where things are heading.
What is Web 3.0?
While there is no clear definition for the next generation Internet, it will be the merging of our physical, digital, and biological lives. In other words, everything is going to become data. Once anything is digitized, it enters a completely new realm.
For example, we are already seeing the concept of digital twins coming into being. This can apply to physical things such as a factory or to humans. People are going to have many "versions" of themselves. Eventually, we will be doing a lot of interacting via avatars.
We already see this to a degree. Each of us already has a digital life. What we do online is being accumulated, sorted, and profiled. Sadly, it is by mega-tech companies that are seeing to control all. Web 3.0 is a different data structure that destroys this model.
The digital world is a state that is nearly infinite. We are limited by bandwidth and computational power. Both are expanding over time. This means we are in a realm with enormous growth rates. Nothing we have seen before rivals this. As more of our physical world is represented in this arena, it too will see similar results.
This is a basic characteristic of Web 3.0. We are dealing with abundance. Since data is being generated at an accelerating rate, we see how things grow exponentially. Atoms are now bits. This makes everything more a great deal faster than it does in the physical world.
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Most Technologies Will Feed Into This
Another key point is that most technologies are going to feed into Web 3.0. As it becomes a larger part of society, other breakthroughs will assist the development and growth. For example, it only makes sense that all progress in the field of energy is going to help this along.
One of the obvious technologies is artificial intelligence. Without getting into a debate whether we are moving towards "intelligence" or not, we all can agree that our algorithms are getting more advanced and powerful. Bots are starting to become a larger portion of the traffic. Transactions are handled by computers, often with no human intervention.
The challenge is who owns the benefits from these technologies. Here is where Web 3.0 is seeing the development of new business structures. The Decentralized Autonomous Organization (DAO) is truly a Web 3.0 concept.
So we have a world of abundance with a business structure that is more inclusive and allows for the participation with only a few clicks of a button. It is a radical notion when you think about it. This is also something that is going into place as these words are typed. It is not futuristic pondering. The infrastructure is being coded right now.
Another way of putting this is the Internet will become spatial. It is not going to be something that we access on a flat screen. Instead, it will have dimension. While virtual reality will be part of it, the true breakthrough will be the fact that we will be living in mixed reality.
This has powerful implications. The fact that we are already developing the ability to monetize this entire realm means that society will be forever changed.
Of course, as stated, it all will probably look radically different as compared to what we envision today.
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