Web3 is the next stage of the internet, which has started to originate over the last couple of years due to the emergence of blockchain technology. Web3 is built over decentralized protocols, on blockchains such as Bitcoin, Ethereum, and Avalanche to name a few. These blockchains are powered by and maintained through the use of consensus mechanisms such as Proof-of-Work or Proof-of-Stake, and through nodes.
With so much activity happening in the metaverse space, we decided to highlight the top 6 areas (in no particular order) that are ripe for disruption by metaverse applications as they continue to be developed.
The concept of a virtual world, or metaverse, has been around since the early 1990's. However, the term has become extraordinarily popular over the past few months. This has left many wondering what is a metaverse? This blog explores metaverse applications in detail and will leave you with a firm understanding of what the metaverse is.