Facebook changes its name to Meta and the world suddenly becomes interested in the metaverse however the term has been around for some time, and is closely associated with Web 3.0.
So what is Web 3.0, the Metaverse and how is GAIMIN involved?
Web 3.0
Web 3.0 is the term used to describe the next paradigm shift in the Internet. In Web 1.0, Internet browsers connected everyone online – Netscape for example. Web 2.0 is where we were connected into online communities – Facebook. Web 3.0 is perceived to be the next stage in community engagement – connection of individuals and organisations into a community-owned virtual world.
Grayscale recently aligned the key features of Web 1.0, Web 2.0 and Web 3.0 which helps describe how technological components fit into the categories:
| Web 1.0 | Web 2.0 | Web 3.0 | |
| Interact | Read | Read-Write | Read-Write-Own |
| Medium | Static text | Interactive Content | Virtual Economies |
| Organisation | Companies | Platforms | Networks |
| Infrastructure | Personal Computers | Cloud and Mobile | Blockchain and Cloud |
| Control | Decentralised | Centralised | Decentralised |
The world is moving into digital activities; Gen Z ubiquitously embraces internet technologies and digital device interactions. They are expert communicators through social media, they play games and create virtual world-wide friendship groups, they collaborate with others who hold similar ideas and interests, and they embrace new technology quickly.
Individual social lives are converging through digital interactions – again through social media and also now with gaming, creating a fast-growing virtual economy for goods and services – estimated to grow from $180bn in 2020 to $400bn by 2025.
