Cryptocurrency and blockchain are the building blocks of Web3. However, the decentralized network also relies on technologies such as AR, VR, IoT, and other technologies that have nothing to do with blockchain or digital currencies.

third generation internet, Known as Web3, based on blockchain technology. However, technologies such as machine learning, big data, artificial intelligence (AI), and the Internet of Things (IoT), Augmented Reality (AR) and Virtual Reality (VR) and empower others Decentralized Applications (DApps) To analyze information in a complex, human-like way in a Web3 environment. & nbsp;

For example, virtual reality headsets will create an exceptional shopping experience, allowing customers to interact with products before making a purchase. However, these technologies are not dependent on Digital currencies or Distributed ledger technology But aiming to increase the efficiency of blockchain technology.

Moreover, blockchain plays an important role in building the infrastructure for Web3 by allowing organizations to decentralize Web2 services, including cloud computing, social networking sites, and databases. Therefore, the combination of AI and blockchain technology will undoubtedly give organizations a better way to manage confidential data sets. & nbsp;

By validating the provided data, the AI ​​technology can quickly complete the process request and the smart algorithm will help in making quick decisions regarding issuing funds or approving credit. Also, data sets can be effectively protected via the blockchain. Similarly, other technologies such as AR and VR are crucial to defining the metaverse, exploring new ideas, and elevating virtual experiences.

Furthermore, cryptocurrencies eliminate the need for a trusted middleman by allowing Web3 users to use tokens such as Ether (ETH) to send and receive money. However, cryptocurrencies support peer-to-peer payments and can act as a native digital transfer method. The blockchain lacks the incentive system for sharing the network without cryptocurrency. Also, users will not have anywhere to store cryptocurrency without cryptocurrency wallets.

Additionally, Web3 aims to be permissionless, untrusted, and open to all, as it embraces the ethos of encryption. similarly, Non-fungible tokens (NFTs) Enable users to transparently show verification of ownership for items such as in-game assets, digital art, personal data, and more.