What are Ethereum, Web3, and the Metaverse, actually?

Molly Babeh

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1. What is Ethereum?​

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Ethereum is the foundation for the era of the new internet:​


  • Internet, where money and payment are integrated.​
  • Internet, where users can own their data and your applications are not secretly collected and stolen from you.​
  • Internet, where everyone has access to an open financial system.​
  • Internet was originally built on an open and neutral access infrastructure and was not controlled by any organization or individual.​

Ethereum:​


  • As meatspace adventurers, we are subject to the fundamental laws of the universe.​
  • We are all playing the same game, governed by the same rules.​
  • No matter how rich or powerful you are, you cannot “opt-out” of the laws of physics. Nobody can change the rules of the game.
    When you're playing a game, it's natural to think about the rules and best strategies for success. But as meatspace adventurers, we are subject to the fundamental laws of the universe. No matter how rich or powerful you are, you cannot opt out of these fundamental laws.​

Ethereum is the means by which we can weave these constructs into the fabric of reality. “Solidity” is a great name for the main programming language of Ethereum, as it brings “solidity” to these ephemeral / "ethereal" constructs. It is a programming language with its own syntax and, like any programming language, it has different objectives. The objective of Solidity is to build decentralized programs. There's a Turing complete aspect to this in that it can be used to create any computer program whatsoever - including those that cannot exist in the real world (e.g., games).


Presently, the slate is nearly blank. In the future, new fundamental laws of the universe that WE create for ourselves will permeate every aspect of life and society. THAT is Ethereum - the low-layer protocol maintaining all human-constructed digitally enforceable order.

Welcome to Ethereum.​


2. What is Metaverse?​



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The Metaverse (roughly translated as virtual universe) is a digital universe that combines aspects of social media, online gaming, augmented reality (AR), virtual reality (VR), the Internet, and money. to allow users to use virtual reality technology to interact. The Metaverse is the intersection & blending of the digital and the physical, a space in which these digital human-constructed fundamental laws permeate reality.​



Metaverse Explosive Event​


The culmination is from mid-October 2021 on the rebranding of Facebook - complete with a new name to accept the company's commitment to Metaverse. Facebook CEO Mark Zuckerberg decided to change the company name to Meta at Facebook's Connect 2021 conference on October 28, with their new website calling it "a social technology company. With Metaverse, you'll be able to realize everything you can imagine from meeting with friends and family, working, learning, playing, shopping, creating - as well as complete experiences brand new doesn't really fit the way we think about computers or phones these days... In this future, you'll be able to teleport in the form of holograms to be at the office without no need to go to work, at a concert with friends, or in your parents' living room to catch up," Zuckerberg wrote in "Founder's Letter, 2021" released on October 28.

Some technical terms about Metaverse​


Several technological terms about the Metaverse are being used interchangeably. Some experiences combine different versions of reality; for example, Horizon Labs requires an Oculus Quest 2 headset to join a virtual meeting, but colleagues can also attend via video conferencing (video conferencing).

  • Assisted reality: This refers to any technology that allows a person to view the screen and use Hands-free Controls to interact with the screen. Realwear devices fit into this category.
  • Augmented reality: This technology uses the real world to set up and apply computer simulation technology to the view. A real-life example is retailers using Augmented reality to describe what a new sofa would look like in a customer's living room.
  • Meatspace: This is the physical world where most of us spend most of our time.
  • Mixed reality: This term describes a view of the real world with the addition of virtual objects that look and act like real objects. Thus the user can interact with both virtual and real objects.
  • Multiverse: The general definition by which this term usually refers to many separate universes that operate independently of each other. With current technology like: internet technology, social network Facebook, Minecraft, Instagram, Twitch, Roblox, Fortnite, Discord and all other social media and virtual games, where people can socialize, play and shop. Theoretically, the metaverse could bring all these multiverses into one place and give users new experiences.
  • Virtual reality: This is an immersive experience that requires the use of a headset. There are VR games that transport users to different worlds as well as training sessions set in the real world.

Real-world Metaverse applications​


  • Sports and entertainment
At game company Unity, Peter Moore is the live head of sports and entertainment and recently launched the Unity Miracast. The platform will mirror professional sports in 3D in real time. The camera captures the athletes on the field and the data is used to create digital twins. The first 3D broadcast was a match between two mixed martial artists filmed in a small arena with 106 cameras.

  • Health care
Doctors were among the first to use AR for collaboration. Microsoft's Mixed Reality Headset also enables medical professionals around the globe to collaborate on virtually any surgical procedure in the 21st century. So surgeons can use Microsoft's HoloLens using Microsoft's HoloLens. hand gestures and voice commands to display 3D images from scans, access patient data, and communicate with other professionals. This hands-free control is a significant benefit of the hardware for doctors and other healthcare professionals.

  • Educate
NASA uses AR and VR on the space station to remotely control robots or complete maintenance tasks with AR support. In one particular project, astronaut Scott Kelly used a Microsoft HoloLens headset to conduct ISS training and prepare for future missions. During these tests, a member of mission control on Earth streamed Kelly's field of view through a headset and also plotted images that were displayed in 3D on the astronaut's HoloLens screen.

3. What is Web3?​


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Web 3.0 is the third generation of the internet, which is the vision of a serverless intelligent Internet consisting of interconnected decentralized webs. An Internet where users have control over their own data, identities, and destiny.​

The benefits of Web 3.0​


- Web 3.0 and Cryptocurrency​


From the very beginning, Tino Group mentioned cryptocurrencies and Web 3.0. The reason cryptocurrencies play such a huge role in this protocol is that cryptocurrencies provide financial resources to anyone involved in creating, participating, managing, contributing or improving. these projects. Many infrastructure protocols such as Filecoin, Livepeer, Arweave, and The Graph are all doing it this way, and they offer rewards for many who participate in the network on a tiered basis. As you may already know, hugely popular blockchain protocols like Ethereum also work this way.

- Web 3.0 and the new economy​


Tokens also bring new ideas about tokenization and token economy.

Tino Group will take a good example of building a company.

To build a company, you will need money to support yourself, your employees, and the company as a whole. If you want to have money, you will need to use your own capital or capital from investors.

Using capital from other people will sometimes cause your initial orientation to be skewed if these shareholders have more shares than you.

Instead, we can develop a project and announce how the project will solve the problem, how in practice. And you allow everyone to be involved in the construction or investment of the project from day one or even before the project is started.

How many tokens will you publicly issue, sell, and keep to pay future developers, contributors, and funders of the project?

One of the big differences between buying shares in private businesses is that they will keep some secrets. Meanwhile, all blockchain data will be public and accessible to everyone, everything will be more transparent. And this is the future that Web3 is aiming for.

So we've come together to learn about the evolution of the Web and predict what Web 3.0 will bring in the future. Tino Group hopes that the article will help you have a better overview of Web 3.0.​

 
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