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 look like? The question might have seemed ridiculous a few years back. 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 up a new horizon called web3. A web3 that will rhyme with metaverse : two notions that would be inseparable from each other. Explanations!

This idea has just been put forward by Robby Yungthe CEO ofAnimoca Brands to WebSummit 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 immersive gaming mode. For others, it’s a way to meet up with friends even when they’re far away. Still others see it as the breeding ground for a world populated by NFT or a new way to advertise.

In the end, many are lost, as the technology is new and difficult to grasp. And it is often the same with the generic term of “web3”. For Robby Yung, however, these notions are intrinsically linked, according to his say reported by Decrypt:

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

The web3 must serve as an overlay allowing decentralized exchanges from one metaverse to another.
A Web3 inseparable from the metaverse?

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

This notably involves standards that the members of theOpen Metaverse Alliance, of which Animoca is a part, strive to set up. We observe this same approach through the creation of the Web3 Domain Alliance by Unstoppable Domains. An initiative that aims to harmonize and regulate the referencing of web3 domain names.

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According to Robby Yung, our NFTs will soon flow freely between The Sandbox and Decentraland and any other metaverse that may come into being. It is moreover the technology supported by Metamundoone of the subsidiaries of Animoca Brands.

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

Will web3 sound the death knell for the end of web2 and the trade in private data?  Or is it just a powerless chimera to fight against the domination of GAFAM?
Web3, a world in which users hold the keys to their data and their privacy?

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

Incidentally, Robby Yung and Yat Siu disapprove the vision of “all virtual” by Metathe company of Mark Zuckerberg.

“My personal view is that VR is a big distraction. »

Robby Yung

VR is only one platform among others and does not reflect the real issues of web3.

To clear the unknown lands of the web3, the digital adventurers, these Christopher Columbuses of the XXIe century, take a lot of risks, like Meta of which the share price crashes . However, their work paves the way for millions of people who will build and live, in the near future, on the lands of this new world. 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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