Web3 and metaverse: two sides of the same coin? The CEO of Animoca Brands speaks

Ready for the webtaverse? – What will the web of the future be like? The question might have seemed ridiculous a few years ago. Indeed, the web seemed to have reached a state of maturity, well established in the hands of GAFAM. However, the innovations of recent years can redistribute the cards and open a new horizon called web3. A web3 that will rhyme with metaverse : two notions that would be inseparable from each other. Explanations!

This idea was just put forward by Robby Yungthe CEO ofBrands Animoca to Web Summit of Lisbon. The metaverse is currently such an open concept that it can represent something completely different from one individual to another. For some, it’s an engaging game mode. For others, it is a way to catch up with friends even when they are far away. Still others see it as the breeding ground for a world populated by NFT or a new way of advertising.

Eventually, many get lost, as the technology is new and difficult to understand. And it is often the same with the generic term of “Web3”. For Robby Yung, however, these notions are intrinsically linked, in the words of him reported by Decrypt:

“There won’t be a metaverse without web3, because you need to have that level of transaction, that interoperability to move content from one place to another. “

A Web3 inseparable from the metaverse?

Of “Contents”Bobby typically implies the NFT. For him, it is unlikely that in the decentralized world of the web3, these digital objects are confined to a single metaverse. In the future, according to him, NFTs will be able to move easily from one virtual world to another.

This particularly involves the standards that members of theOpen the Metaverse Alliance, of which Animoca is a part, they strive to constitute. We observe this same approach through the creation of the Web3 Domain Alliance from Unstoppable domains. An initiative that aims to harmonize and regulate the referencing of web domain names3.

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According to Robby Yung, our NFTs will soon flow freely between them The sandbox And Decentral and any other metaverse that might arise. It is also the technology supported by Metamundoone of the branches of Animoca Brands.

Yat Siu, CEO of Animoca Brands, recently praised NFT technology. It will be, in fact, for him, the way to return the ownership of their data to private individuals. In other words, the goal is put an end to digital colonization of which we have all been victims for years with the absorption by the web of our privacy.

Will web3 ring the death knell for the demise of web2 and private data trading?  Or is it just a powerless chimera to fight GAFAM rule?
Web3, a world where users hold the keys to their data and privacy?

However, several big names are missing from this Open Metaverse Alliance. The mischievous monkeys from Yuga Labs in particular they want to create their own NFT standards and metaverses. Robby Yung acknowledges that he is building the standards of what he calls “3D Internet” it will take some time, probably more than 10 years.

Incidentally, Robby Yung and Yat Siu disapprove the vision of “all virtual” by MetaMark Zuckerberg’s company.

“My personal opinion is that virtual reality is a great distraction. “

Robby Yung

Virtual reality is only one platform among others and does not reflect the real problems of the web3.

To clean up the unknown lands of the web3, the digital adventurers, these Christopher Columbus of the XXIAnd century, take a lot of risks, like Half of which the the share price collapses . However, their work paves the way for millions of people to build and live on the lands of this new world in the near future. A world dictated by new rules, where decentralization and digital ownership will be at the center of this Constitution 3.0. A world that will rhyme with web3 and metaverse!

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