What is the difference between Web2 and Web3? Let’s see! Web2 is related to the current internet generation, while Web3 still remains a concept-based web. Want to know how they differ? Wondering which one will reign supreme in the near future? Read on to learn more about these concepts and how they can be used at onlinecasinorealmoney.net.
You see, the Internet is progressing rapidly. It could be seen in the difference between Web1 with its static texts and visuals and the current version – Web2. At the present time, we are entering the Web3 era where data is easily moving across various platforms. Web3 is getting up steam in the online space. Its growing popularity is comparable to a broad acceptance of blockchain technology. We are sure that sooner or later Web3 will become the norm. As the technology is still novel, learning about its concept may help us understand it better.
What does the future hold and why should we think about it now?
Web3 is the Internet’s latest generation and it’s the most talked-about as well. Following the second one, the third version is based on advanced software programs such as artificial intelligence. It will enter the arena of combatants sooner rather than later. It provides a data-driven and simple user interface that suits every consumer. Such features like Semantic Web, blockchains, and meta universe are expected to be highly leveraged through Web3.
According to https://www.bbc.com/news/technology-58749529, Web3 is built around three types of technological innovations. They are:
- Edge computing
- Decentralized data network
- Artificial intelligence
These three keys define a new generation of online technology – it’s open, trustless (the third party isn’t involved) and permissionless. While Web3 hasn’t been fully shaped yet, it is important how business gets conducted as it is decentralized and out of control for governments and corporations. With Web3, centralized companies no longer retain or own the data. It is privately managed which gives more privacy, connectivity and security.
Do meta universes make sense and how will they affect the world of gambling?
The meta universe has an incredible potential. Virtual gatherings have lower carbon footprints than in-person gatherings. People from anywhere can gather together in virtual spaces. The metaverse allows to disable people’s social participation through virtual entrepreneurship. During the pandemic, the metaverse not only provided people with the ways to connect but also served as a place where they could play favorite games alone.
And that is when we can see how Web3 changes the gaming industry. Recently, blockchain has entered gaming in the form of play-to-earn Web3 games. Now the markets are open for products that bring players a vastly improved experience. This change is fundamental because it gives users complete privacy, absolute transparency of betting markets, and direct control of their funds.
What kinds of games are getting a second life?
Compared with the previous year, blockchain gaming activity has grown by about 2000%. It’s quite impressive. Only in the first quarter of 2022, more than one million unique active wallets connected to blockchain games. It’s more than half of the total blockchain activity.
Web3 gaming is basically decentralized. The rights and ownership are shared between the users and the platform. It is supported by many features, such as:
- The integration of good old games
- Self-sovereignty and ownership
- Zero downtime
Although Web3 still faces many challenges, the transformation has already begun. We believe that the mentioned reasons should encourage Web2 gamers to opt for Web3 games.
Gaming in Web3 is not only about decentralization. It’s mostly about other benefits it provides. If gamers shift to the Web3 space, they will be able to generate revenue, own in-game assets, and trade them. It might not turn out to be that difficult for gamers because they are pretty familiar with the common aspects of gaming in both Web2 and Web3.
We believe that the gaming industry will continue to prosper as it shifts to Web3. It will be a new era for gamers. Everyone involved in the industry, particularly gamers, will benefit from these changes.