Web3 is the future of the internet, and it is being claimed that it is the future today. We will look at the characteristics of web3, such as decentralization and the metaverse, and how they will shape the future. One of the components of web3 is likely to be a decentralized internet, which will be implemented using blockchains. The metaverse is the ultimate immersive experience, and it can be decentralized using distributed ledger technology. Big tech companies recognize the value of the metaverse, but they do not want to lose control of user data. In 2022, the dream of the metaverse was met with excitement, but it quickly faded. Massimo Paloni, chief operations and innovations officer at Bvlgari, discussed the problems and potential of web3. He said that the use of new technology must be aligned with the vendor's values. The promise of the metaverse is that it will allow vendors to engage with customers in their own way. However, two of the most prominent metaverse platforms had fewer than 1,000 daily active users. In 2023, the metaverse will take off in the professional world, as it is already being used to train pilots and surgeons. There is a concern that the metaverse will be an open door to new cybercrime. To ensure the security of the metaverse, zero trust architecture and legal protections are needed. Big tech companies are investing billions into the metaverse, but it will not be widely adopted in 2023 due to the immaturity of enabling technologies and cooling consumer interest. The blockchain part of web3 will develop faster than the metaverse in 2023.
This Cyber News was published on www.securityweek.com. Publication date: Mon, 06 Feb 2023 12:56:02 +0000