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8 Key Features of Web 3

The Web of today is static and unable to adjust to the individual needs of each person experiencing it. Web 3 promises to be more dynamic and interactive. By implementing artificial intelligence and blockchain technology,it will redefine the web experience with structural changes to ensure democratization across all aspects of the internet. 

Web 3 is highly decentralized,driven by machine learning and artificial intelligence. The result is real-world human communication .Users retain control over their data and content and they can sell or trade their data without losing ownership ,risking privacy or relying on intermediaries. 

Key to the innovation in Web 3 is the digitization of assets via tokenization.Tokenization converts assets and rights into a digital representation ,or token ,on a blockchain network.

Below are 8 Key Features of Web3

1. Semantic Web

2. Artificial Intelligence

3. 3D Graphics

4. Connectivity

5. Ubiquity

6. Blockchain

7.Decentralized 

8. Edge Computing 

These features bring us closer to a Web 3. With the addition of semantics and machine learning ,Web3 is an evolution in which computers can understand the meaning behind information.

Web 3 is no longer a dream but a reality .In fact ,it is cognitive technology like that o expert ai. that is making this all possible. Understanding language is integral to so many facets of the Web. 

By making semantics and natural language processing central components to it, the possibilities are endless.

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Why NFTs were Invented?

Everything ever invented came into existence in order to solve a problem. In the case of NFTs, they were created to address the limitations of their predecessors, which were created on the Bitcoin blockchain.

It has taken several years for NFTs to develop to their current state. Some of the earliest explorations into digital ownership in the crypto landscape began in 2012 with the advent of “colored coins”.

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Unlike modern NFTs, which are typically tied to the Ethereum blockchain, colored coins were developed on the Bitcoin blockchain. Colored coins aimed to represent a variety of assets, both digital and physical, much like NFTs.

However, because of limitations within the Bitcoin blockchain, colored coins only functioned if all participants agreed to their worth. Thus if a single participant in the transaction disagrees that a colored coin is linked to a particular asset, the system collapses.

In subsequent years, there were several other attempts at issuing assets on the blockchain. These include the peer-to-peer platform Counterparty, which eventually saw the first meme assets issued to the Bitcoin blockchain.

But it was only around 2017 when these proto-NFTs were moved to the Ethereum blockchain that the full potential of linking assets to the blockchain became possible.

Unlike the Bitcoin blockchain, which was designed expressly for the use of the Bitcoin token ecosystem, the Ethereum blockchain and smart contracts allow for a much more open-ended approach.

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This proved to be beneficial to the creation of the first NFTs as we know them today and allowed NFTs to be irrevocably tied to particular assets.

The uniqueness of an NFT also means that it can be a bridge between the digital world of crypto and the real world of physical objects. NFTs prove digital ownership and provide a tamperproof record of transactions involving a digital asset.

In recent years NFT enthusiasts have begun to explore applications for linking NFTs to real-world assets as well.

Popular Apparel and fashion brands like GAP & NIKE have released NFTs which come with unique pieces of physical clothing. This world of “physical NFTs”, which include both a digital NFT component and a linked physical asset, has the potential for rapid expansion.

While it was not necessarily the original problem NFTs were looking to solve, it could nonetheless represent a significant part of the future of this technology going forward.

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What are Immersive NFTs?

NFTs might very well be the key to the adoption and value metaverse brings to immersive commerce, whether as long-term loyalty or membership cards unique digital items that convey status.

While purchases will include both digital and physical items, intero[erability being key conversation. 

This new class of NFTs enables users to interact and engage with content in unexpected ways. As such, immersive NFTs can bring the distal ownership concept to a whole new; level. They will function as bridges between the physical and digital realities and play essential roles in building metaverse applications.

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AR creates an interactive experience by combining the user’s physical world with digital content. On the other hand, VR works in a completely virtual environment.

For many of us, accessing AR applications is very easy because we only need smartphones, tablets, or AR-enabled websites.

However, to transport into the virtual worlds enabled by VR technology, we need to wear headsets like the Oculus Rift.

Since the underlying technologies are different so are the immersive NFT applications created using them.

Using AR technology in art NFT is popular. For example, Marco-Matic combines traditional art with immersive technologies to tell engaging stories for the audience.

Consequently, people can visit physical art galleries exhibiting his works and enjoy interactive stories on tablets or smartphones that augment reality.

Another use case of immersive NFTs is the virtual try-on applications. They combine fashion NFTs with AR and help consumers make better purchasing decisions. For this purpose, companies create realistic 3D models of their products and add virtual try-on capabilities.

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For example, Kivisense introduced a virtual try-on NFT sneaker that provides consumers with virtual try-on experiences of wearable NFTs utilizing AR. It's possible to use the same technology for other product categories, such as jewelry and other fashion items.

Dress X is a company built on the idea of digital-only fashion to reduce the excessive production of physical clothes. It facilitates trying wearables out thanks to AR technology and also offers them as NFTs.

Apart from these applications, practically any AR experience, for example, face filters and world lenses, we are accustomed to using in social media, particularly on Instagram and Snapchat can be turned into immersive NFTs.

You can create VR -ready NFTs and use them in a virtual world compatible with the blockchain network on which that NFT is built. Any asset, real or unreal can find its place in the metaverse this way. Nothing is bound by the limitations of the physical world.

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Think about -in-game NFT items used in MMORPGs, for example. They can be designed as VR-ready from the ground up, and their creators can incorporate emerging technologies like ai and dynamic NFTs to develop new immersive experiences. , Here everything really depends on the imagination.

Modeling 3D products for the virtual world is an extensive domain. We see many examples from architecture andThe designer Andres Reisinger is a leading figure in this area. He creates surreal furniture items as NFTs.Many of his creations are VR-ready, you can place them in a virtual world like Decentraland.

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Also, many digital sculptures utilize VR technology. For example, Joshua Skirtich sculpted his Jenesis collection in VR and also merged it with AR to create the best viewing experience for Guggenheim visitors.

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Immersive NFTs

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What is the future of NFTs when the crypto market slumps? There’s no doubt that the crypto market is in a slump. But that doesn’t mean NFTs are going anywhere. The current market conditions are forcing artists to get more creative. As we’ve seen, this can only lead to good things. So, even though the crypto market is down, don’t count out NFTs just yet. The downturn might just be the thing that takes them to the next level. Although everyone and their mother has heard of NFTs, the whole thing started as a small, tight community. The interest in the market may come and go, but the community must stick together if NFTs are going to maintain their footing. NFTs are tools that can level the playing field for all artists, no matter their background. Creating a supportive and inclusive community can ensure that the NFT market continues to grow and thrive. It’s no secret that the crypto market isn’t in perfect shape. And as you know, the value of the vast majority of NFTs is closely tied to the crypto market. One ETH, for instance, is now worth roughly $1,300, which is a far cry from the $5,000 it was worth in November 2021. This downward trend hasn’t been great for NFT artists, who have had to lower their expectations drastically. But despite the current market conditions, they’re not giving up. Many are getting more creative than ever before. #nftart#nftcoomunity#nftartists#eth#nftsales#nftmarket

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How NFTs in Games will lead the metaverse?

The metaverse is actually a broad term for Web 3.0, it will change the way we socialize work, play video games and interact. It will have multiple facets and spaces, and we will even have multiple ‘personalities’.

Your Axie self will likely be different from your Call of Duty persona, in the same way as your Linkedin identity is different from your Twitter self.

Video games could be the heart of the metaverse, linking fashion, music, art, and events. Brands are already racing to enter current ‘metaverse’ games — Adidas has brought land in Sandbox, a virtual real estate company, while Gucci has teamed up with Roblox to sell items, and Balenciaga has partnered with Fortnite dev Epic Games to offer clothes that can be brought in virtual stores.

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NFT games will mix real and virtual worlds.

Let's imagine FIFA with NFTs .That NFT collectible Spurs shirt you unlocked or bought in Fifa (let's presume) can have a wider use than for simple-in-game bragging rights. NFTs are proving to be a unique way of bridging the digital and physical worlds.

Digital wearables can go up in value as scarcity is created, but there is a function in NFT too as the two worlds function in the NFTs too as the two worlds merge in future events, clothes and goods will be extracted from games and made physical. That's when ‘jpeg’ becomes so much more.

Games are not just about the thing you play but the players you follow, the esports stars that make headlines, and the developers, making games possible. NFTs in games can act as gateways to get players closer to the people and teams behind the biggest games.

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Purchasing a game NFT could be used as a token to gain access to exclusive in-game events.

Nintendo made fitness games accessible with Ring Fit, and now you can imagine earning money from NFT as you sweat. This is the idea behind Move-to-Earn games.

These types of Games point to a positive feature for NFTs and Gaming.

Read More

[cryptofreemetaverse-com]

How NFTs in Games will lead the metaverse?

The metaverse is actually a broad term for Web 3.0, it will change the way we socialize work, play video games and interact. It will have multiple facets and spaces, and we will even have multiple ‘personalities’.

Your Axie  self will likely be different from your Call of Duty persona, in the same way as your Linked in identity is different from your Twitter self.

Video games could be the heart of the metaverse, linking fashion, music, art, and events. Brands are already racing to enter current ‘metaverse’ games — Adidas has brought land in Sandbox, a virtual real estate company, while Gucci has teamed up with Roblox to sell items, and Balenciaga has partnered with Fortnite dev Epic Games to offer clothes that can be brought in virtual stores.

Read More

NFT games will mix real and virtual worlds.

Let's imagine FIFA with NFTs .That NFT collectible Spurs shirt you unlocked or bought in FIFA (let's presume) can have a wider use than for simple-in-game bragging rights. NFTs are proving to be a unique way of bridging the digital and physical worlds.

Digital wearables can go up in value as scarcity is created, but there is a function in NFT too as the two worlds function in the NFTs too as the two worlds merge in future events, clothes and goods will be extracted from games and made physical. That's when ‘jpeg’ becomes so much more.

Games are not just about the thing you play but the players you follow, the esports stars that make headlines, and the developers, making games possible.NFTs in games can act as gateways to get players closer to the people and teams behind the biggest games.

Read More

Purchasing a game NFT could be used as a token to gain access to exclusive in-game events.

Nintendo made fitness games accessible with Ring Fit, and now you can imagine earning money from NFT as you sweat. This is the idea behind Move-to-Earn games.

These types of Games point to a positive feature for NFTs and Gaming.

Read More

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Hiring opportunities in Metaverse

In search of a new gig? Aiming for a career upgrade? Or maybe you’re just tired of your boss’s antics. It’s ok, we’ve all been there at some point. The good news is that the job market is booming, if not in the real world at least in the digital one. 

This might seem obvious given that the majority of us have been in WFH mode for the last two years, but what we’re really talking about is a whole new employment world that didn’t exist up until just a few months ago. Enter the metaverse. The meta what? Don’t feel too bad if you still don’t know what this is all about. 

Very simply, it’s a 3D virtual world, powered by virtual and augmented reality, where people can work, socialize and play in. If you want to know more, here’s a quick intro to bring you up to speed in no time. 

As an emerging virtual platform that is yet to truly come to life, the future of the metaverse lies in the hands of the people who are currently busy building it. Think backend developers, 3D designers or programmers, there’s a vast number of skills needed and employment opportunities are abundant across a wide range of industries. And no, you don’t always have to have work experience to get started. Ready to give it a shot?

 Find out what jobs are in high demand in the metaverse right now.

1.Real Estate     2 Fashion        3 Gaming            4 Entertainment

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What is the Future of Cryptocurrency?

Flush with time on their hands and few activities to spend money on. Many consumers have forayed into crypto trading for the first time during the pandemic.

Everyday consumers, many not sure exactly what the blockchain is. Followed the viral trail of Reddit threads, where talk of "stonks" and "diamond hands" pushed thousands to collectively inflate the price of certain assets," to the moon".

This led to a whole new category of "meme stocks", breathing life back into deflating companies like GameStop and AMC and shaking the market to its core..

But crypto can't seem to escape paradoxes anywhere. Investors believe in regulation, yet are worried about many of the impacts that regulation will bring about it.

They are eco-conscious, but crypto has a huge carbon footprint. Digging into these nuances is key to understanding overall consumer sentiment - and predicting consumer behavior - around a very uncertain future of cryptocurrency.

The paradox lies in the difficult balance between wanting regulation and fearing the loss of the fundamental character of crypto that would result from that very regulation.

Regulation offers protection and stability, while crypto has thrived from volatility and anonymity. But currencies can operate without being regulated, especially not to the scale that crypto has reached. Read More 

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Why we need to move to Web 3

What is Web 3.0 ? Web 3.0 refers to successive iterations of the web, 1.0 of the 1990s and early 2000s. 

Web 2.0 is the current version of the Internet with which we all are familiar. Web 3.0 is the third generation of the World Wide Web . Currently, it is a work in progress, it is a vision of a decentralized and open web with greater utility for its users.

While there are still serious issues to be solved in the building of the blockchain -based future of the internet, you have to begin dipping your toes in it, and you have got to do it now.

Most people behind the recent hype cycle, surrounding Web 3 are just looking to make quick dollars. If on the other hand you are looking to participate from a more long-term and strategic perspective i had invite you to first understand the challenges facing the underlying infrastructure upon which the new virtual world is being built.

In my opinion ,while Web 3.0 is a certainty, its going to take 3-5 years to really get there . There are numerous limitations to blockchain tech, namely its cost efficiency ,scalability, accessibility and user experience all of which make achieving mass adoption a medium long -term scenario. 

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The seven biggest challenges of the Metaverse -

1.Privacy Issue          2.Protecting our Kids

3.Health Concerns     4.Metaverse laws 

5.Access Inequality    6. Desensitization

7.Identity hacking 

Read More in Detail 

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Cryptocurrency - Why Gen Z is hooked on Powerful cryptocurrency and NFTs?-2022

Cryptocurrency and NFTs - How Gen Z is hooked on cryptocurrency and NFTs. Generation Z – also known as Zoomers – are the age group born between the mid-1990s to early-2000s. They grew up online, playing games and meeting friends virtually, so the transition is natural.  Also

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NFTs - Sensational NFTs Future or a Fad ?- 2022

NFTs - When normal life is disrupted, and during times of crisis, innovation is often triggered. In 2008 big banks knowingly gambled with their client's money in high-risk ventures, plunging the U.S. into a financial crisis. It was in the aftermath of this disruption that blockchain was developed, becoming a massive enabler of change to a broken system. Read More

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Metaverse -  How the Powerful Powerful Metaverse and Augmented Reality can change Entertainment - 2022

Metaverse - No matter how you define it, the metaverse will give big-budget Hollywood storytelling a major creative jolt. Granted, high-end high tech like virtual-reality headsets (which place you within a 360-degree interactive environment) and augmented-reality glasses (which overlay digital elements onto the real world) have yet to become must-have accessories.