Date: 8 August, 2022

Source: Al-Bayan

Headline : 

“Web 3.0” paves the way for “Metaverse” to set up virtual worlds for brands

Key message: 

“Metaverse” and AI are still in the experimental stage. Recently, AI has become more advanced and widespread with various economic applications. This is also possible with “Web 3.0” and “Metaverse” in the future.

Web 3.0 and the Metaverse are the current talk of the tech town. Apart from combining multiple applications and concepts such as AI and blockchain, they are also data-heavy. In an article in Al-Bayan, Crayon Data’s co-founder and CEO Suresh Shankar spoke about the short- and long-term impact of both these systems.

He sees a flaw in how people perceive the importance of Web 3.0 and Metaverse in different timescales.

“People exaggerate the impact of Web 3.0 and Metaverse in the short term, but at the same time, they underestimate their impact in the long term,” he said. What I mean is that many people are starting to have their initial experiences with Metaverse. It is still in the experimental stage.”

He added, “At one time, artificial intelligence was in an experimental stage, and now it has become more advanced and widespread in many and diverse economic applications. This will happen again with Web 3.0 and the Metaverse as well.”

Translated from Arabic on Google. Read the full article here.