Guide on Metaverse by Jaymin Kim

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A Guide To The Metaverse, Our Emerging New Reality

• BY Jaymin Kim

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Metaverse

• Metaverse a buzzword used by tech geeks? A
  prophecy by futurists? A world domination plan by
  social media companies?
• The term Metaverse is being thrown around a lot
  in vague association with other new terms. What
  do all these terms mean, and how are they
  related, if at all?

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Who am I?

• Before the internet, the concept of I was
  limited to the physical self. With the internet,
  we started developing personal identities online
  (e.g., social media influencer). Today, our
  physical and digital identities are merging. We
  are seeing the rise of photorealistic avatars 
  three-dimensional digital versions of our
  physical selves that appear on two-dimensional
  screens and holograms  three-dimensional
  digital projections that appear in our physical
  world. Younger generations will likely be quicker
  than older generations to embrace this immersive
  sense of self. 1 in 3 Gen Z today believe their
  online identity is their most authentic self,
  compared to 1 in 5 Millennials and 1 in 10 Gen X.

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Where am I and what is my world made of?

• The terms Web 3.0 and Metaverse are sometimes
  used interchangeably today, but Web 3.0 is not
  the Metaverse. Web 3.0 refers to a potential next
  version of the internet 1. Some perceive Web
  3.0 as the internet built on open-source
  software, runs on a trustless network, and is
  permissionless for all users and suppliers to
  partake in. Web 3.0 is associated with shifting
  data control and ownership from the hands of
  technology companies into the hands of individual
  users.

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How is my world governed?

• There is an ongoing, heated struggle to define
  who holds decision-making power in the Metaverse
  the few or the many. Centralization refers to
  command and control, hierarchical organizational
  structures in which a minority group holds
  decision-making power. Decentralization refers to
  organizational structures where decision-making
  is distributed across many groups or individuals
  there is no top-to-bottom hierarchy.
  Centralization and decentralization represent two
  ends of a spectrum. Historically, we have lived
  in more centralized structures at every level
  think governments, schools, corporations, etc.

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Want to read More?

• Web 1.0 was the first iteration of the internet
  in the 1990s. Users of Web 1.0 primarily
  interacted with the internet by reading static
  text. Web 2.0 is the current version of the
  internet that we are familiar with. Users of Web
  2.0 today can not only read information but also
  add content online and interact with other users.
  Web 3.0 is a future state vision for the internet
  that has yet to materialize.Read the whole
  article by clicking here. Or visit my profile
  https//medium.com/_at_jaymin.kim/

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Thank You