Blockchain Education: Web3 vs. the Metaverse [Understanding the Next Generation of Internet Platforms] | SafeMoon Gaming: Today's Event [Rust Space Event & Rocket League] - Tomorrow's Events [World of Warcraft] | Food for Thought | Reminders
Blockchain Education: Web3 vs. the Metaverse
Understanding the Next Generation of Internet Platforms
The Internet has transformed how we communicate, conduct business, and live! Aside from all the incredible changes the internet has brought, it presents various challenges, including fragmentation, content moderation, and lack of interoperability. To tackle these challenges, Web3 and the Metaverse have emerged as the next generation of internet platforms. So what is Web3, what is the Metaverse, what do they have in common, and how are they different? Web3
Web3 is the third generation of web technology that is open, decentralized, provides increased security, and automated platforms for developing applications and services. It utilizes blockchain technology and allows users to interact with decentralized applications (dApps) and smart contracts securely, providing a more reliable way to access and use web services. In a May 2022 article in the Harvard Business Review, the author shares their belief that Web3 will revolutionize the internet, creating new economies, introducing new classes of products and services, and providing more control to users over their data and online activities.
The Metaverse
The metaverse is a virtual universe of interconnected virtual worlds that can be accessed through the internet. One aspect of the metaverse can be described as a new frontier for online interaction, where virtual and physical worlds are blended through computer-generated avatars.
Metaverse technologies have been integrated into modern internet-enabled video games, virtual reality, augmented reality, and mixed reality. The Metaverse is not a game, a piece of hardware, or an online experience but rather an entirely new set of technologies, applications, and financial opportunities. According to Demandingsage.com, the “Metaverse has 400 million monthly active users as of 2023.” (Ruby, D.)
Similarities between Web3 and the Metaverse:
Both are decentralized systems.
Both allow users to own and control their digital assets.
Both are designed to be interoperable with other platforms.
Both use modern web technology, distributed computing, and AI.
Differences between Web3 and the Metaverse:
Web3 is focused on building a decentralized web that addresses issues of data ownership and control, while the Metaverse is a virtual world that focuses on social connection and immersive experiences.
Web3 primarily utilizes Blockchain technology, while the Metaverse focuses on virtual reality and augmented reality technologies.
Web3 is designed to provide a more seamless and user-friendly experience, while the Metaverse is focused on providing a more immersive and interactive experience.
Web3 is built to support the creation and use of decentralized applications (dApps) across multiple networks, while the Metaverse is designed to create decentralized applications and virtual experiences that can be used across different platforms and networks.
The nature of the communities that drive Web3 and the Metaverse is different, with Web3 relying on developers, users, and other stakeholders to build and maintain the decentralized web, while the Metaverse relies on its community to guide the desired virtual experiences and applications, maintaining a general focus on social connection.
In general, Web3 is primarily focused on building a decentralized web that addresses issues of data ownership and control, while the Metaverse is focused on providing immersive and interactive virtual experiences that connect people across different platforms and networks. As these technologies continue to evolve, they will play an increasingly important role in shaping the future of the digital economy.
Srivastava, S. ”Web3 and the Metaverse: Building a Stronger Digital Economy.” Appinventiv. (21 Mar 2023) https://appinventiv.com/blog/web3-metaverse-for-digital-economy/
Ruby, D. “105+ Metaverse Statistics For 2023 (Users & Market Trends).” Demand Sage. (28 Feb 2023) https://www.demandsage.com/metaverse-statistics/#:~:text=Metaverse%20has%20400%20million%20monthly%20active%20users%20as%20of%202023.
Ehrlich, S. “The Metaverse Explained.” Forbes. (10 Mar 2023) https://www.forbes.com/sites/digital-assets/article/the-metaverse-explained/?sh=79eee76048bd
Stackpole, T. “What is Web3?” Harvard Business Review. (10 Mar 2022) https://hbr.org/2022/05/what-is-web3
“Web 3.0 Vs. Metaverse: A Detailed Comparison.” Blockchain Council.
https://www.blockchain-council.org/metaverse/web-3-0-vs-metaverse/Accessed on 18 Apr 2023.
SafeMoon Gaming
Join the SafeMoon Gaming Discord to participate in upcoming events, chat with fellow gamers, and even submit suggestions for future gaming events! Regardless of whether you're a novice or a seasoned gamer, we extend a warm welcome to all levels of gaming experience. ❤
🗓️ Today's Event [Rust Space Event & Rocket League]
The SafeMoon Rust server is hosting a Space Event Day today! The event will be taking place all day, so drop in at any time to join in on the fun!
The community will also be playing Rocket League, an action-packed, physics-based video game that combines soccer and vehicular acrobatics, at 2 pm MDT | 4 pm EST | 9 pm GMT.
Image source: rocketleague.com
🗓️ Tomorrow's Event [World of Warcraft]
The SafeMoon Gaming community is playing WoW again tomorrow at 3 pm MDT | 5 pm EST | 9 pm BST.
Image via Blizzard Watch
💭 Food For Thought
"If you can dance and be free and not be embarrassed, you can rule the world."
- Amy Poehler
"Beauty is hidden in everything, just learn how to observe."
- Ritu Ghatourey
"Be there for others, but never leave yourself behind."
- Dodinsky
Reminders
SafeMoon Cross-chain Supply
The SafeMoon Education Team prepared an article to help in understanding the SafeMoon cross-chain supply.
"We recently introduced two new pairings - one on Ethereum (ETH) and the other on Polygon (MATIC). To address the potential confusion within the community regarding the token supply, we want to explain the rationale behind these pairings and how they affect SafeMoon's overall supply..." Click to read more.
SafeMoon Special - Hello Again
SafeMoon Pulse Monthly Recap
Each month, the SafeMoon Pulse offers a comprehensive SafeMoon overview of the previous month, including any updates or changes you might have missed. Let's recap the month of February! The video is below, or if you prefer reading, you can access the Pulse article here.
SafeMoon Wallet: How to Sell Crypto Guide
SafeMoon Orbital Shield
SafeMoon released a technical explanation of their patent-pending security product, SafeMoon Orbital Shield.
Need a slightly more simplified explanation?
PoA Article
What is PoA, and what are its advantages?
Learn more by clicking the image below.
Recent Captain's Logs
SafeMoon Exchange
SafeMoon CEO John Karony talks about SafeMoon's Centralized Exchange
(CEX) progress in the Captain's Log video below.
SafeMoon Blockchain
CEO John Karony gave a quick update on the SafeMoon blockchain explaining a bit about the chosen consensus mechanism and release expectations.
Token Monetization Innovation (TMI)
SafeMoon has released a new patent pending feature designed to improve the user experience on its DEX (Decentralized Exchange - SafeMoon SWaP), labeling the feature TMI (Token Monetization Innovation).
TMI aims to improve transparency and transaction predictability by charging the exchange fees upfront in the native token and using smart contracts to ensure transparency in token liquidity pairings. It also aims to expand the availability of web3 and enable additional community partnerships with meaningful projects.
TMI SafeMoon Newsletter Captain's Log.
pSFM Migration
Attention pSafeMoon holders ONLY.
The pSFM Migration Campaign is now LIVE!
Only use the official dApp link on the SafeMoon Website.⚠️
Have the tokens you want to use for migration in your wallet.
Don't transfer after the cutoff date/time
Have a small amount of ETH for gas fees
Tokens acquired in wallets after the cutoff date/time won't be eligible
The pSafeMoon process will remain live for a minimum of six months.
Migrate your pSafeMoon tokens to SafeMoon V2 tokens
The pSafeMoon Guide now includes an updates section so you can be aware of any issues relating to pSafeMoon. In addition, you'll find some FAQs to keep you all up to date.
Tokenomics Supervisor
SafeMoon announced that with the recent SafeMoon SWaP updates came a new patent pending feature that solves the existing Defi inconsistent fee paradigm for tokens on multiple Decentralized Exchanges.
Press Release: [Businesswire]
They partnered with "Blockchain and AI expert Dr. Adel Elmessiry to help solve the inconsistency. Labeling the invention "Tokenomic Supervisor," they explain that it operates in 2 steps:
Token Registration
Token SWaP
To learn more, view the full article here.
Security Questions (Best Practice)
🎓You might have seen that SafeMoon Orbital Shield requires users to answer 2 security questions.
⚠️We highly encourage reading our Best Practice article to learn about a safer method for answering these security questions!
Slippage and Gas Articles
You may have heard of slippage and gas related to the transactions you make when trading your digital assets on the blockchain, but do you know what they are, where they come into play during a transaction, or even why they exist?
SafeMoon Education Manager Cats published two new educational articles for those interested in understanding more.
⬇️Click on the image of the subject you'd like to learn about first.⬇️
↙ Learn about Slippage (Left) and Gas (Right) ↘
Understanding SafeMoon Transactions Article
🎓Want to understand more about what happens when a SafeMoon SWaP transaction takes place? Here's an article that can help you understand the process a bit further.
Check it out by clicking the image below. 👇👇👇
