What is web3? Simply put, it is a decentralized, blockchain-based internet. It is also being touted as the next iteration of the internet - one that will enable a seamless fusion of virtual and physical life.
The metaverse, meanwhile, is the collection of digital experiences and interfaces that will be supported by web3. At its most basic level, the metaverse is an extension of our lives enhanced by technology. Currently, it exists as a series of distinct virtual worlds - think Fortnite’s concert series, Vans World in Roblox, or Horizon Workrooms by Meta. In the future, however, the metaverse will expand into an interconnected and limitless world where our digital and physical lives fully converge.