How do I build for the Metaverse ?
The Metaverse is built on the Blockchain using Web 3.0 (web3) technologies.
The Metaverse is built on the Blockchain using Web 3.0 (web3) technologies.
What is the Metaverse ?What is Web 3.0 ?What is the Blockchain ?
"Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved."
Who created the first Decentralized Blockchain ?
"The first decentralized blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in 2008. Nakamoto improved the design in an important way using a Hashcash-like method to timestamp blocks without requiring them to be signed by a trusted party and introducing a difficulty parameter to stabilize the rate at which blocks are added to the chain."
What is Web 3.0?
Web 3.0 (web3) can be defined as all that encompasses the next iteration of the internet and which promotes decentralized protocols with the hopes of reducing dependency on Big Tech (Facebook, Apple, Amazon, Netflix & Google).
Web3 has no official definition but the following four traits have appeared in the industry:
- Transparent, Open Source & Decentralized
- Trustless & Permisionless
- Artificial Intelligence (AI) & Machine Learning (ML)
- Connectivity & Ubiquity
What are Web 3.0 Toolkits?
Web 3.0 (web3) toolkits are open source software development kits (SDKs) that are created with the purpose of providing a means for others to create Metaverse ready DAO’s, products, services or experiences.
What are the differentiating features of Web 3.0 ?
The differentiating features of Web 3.0 (web3) are Decentralized Finance (DeFi), Decentralized Governance, Self-Sovereign Identity (SSI) and the NFT Asset Class.