Every year technology continues experiencing radical change. Metaverse, DAO and Web 3.0 are the new decentralized platform that enable users to create their digital assets and identities. Metaverse is a conceptualized on the idea of creating a new world that allows for open, transparent and collaborative gorvenance.
The platform give users an easy-to-use interface to create their digital assets and identities, as well as to interact with others on the blockchain. It also incorporates an unique identity verification system that allows for secure and private transactions.
The full meaning of DAO is, Decentralized Autonomous Organization which is a self-governing organization which is run by rules encoded as computer programs called smart contracts. Web 3.0, the third generation of the World Wide Web marks the evolution of the internet from a platform for publishing static webpages to a platform for running applications that can interact with humans and other machines.
Metaverse, is expected to be centred on Blockchain since this technology has been exponential growth and faster adoption in the last three to four years. Smart contract will be one of the most valuable feature of the metaverse, as it will enable users to transact anonymously without really knowing each other or the need to have an intermediary.
The metaverse’s open-source community based development enables easy creation of wallets, infrastructure, transcational processing and many other functionalities which propel the upcoming metaverse.
