Decentralizing the future: Value creation in Web 3.0 and the Metaverse.

Area of Science:

• Computer Science
• Information Systems
• Digital Economy

Background:

• The internet is evolving towards decentralized architectures with Web 3.0.
• The Metaverse offers immersive virtual environments integrating Web 3.0 technologies.
• Current digital ecosystems face challenges in data ownership, privacy, and governance.

Purpose of the Study:

• To explore the foundational principles and impact of Web 3.0 and the Metaverse.
• To analyze the integration of Web 3.0 infrastructure within the Metaverse.
• To propose a framework for navigating technological, economic, and legal aspects.

Main Methods:

• Literature review of Web 3.0 technologies (blockchain, smart contracts, digital wallets).
• Analysis of Metaverse potential across various sectors (logistics, education, finance).
• Examination of regulatory frameworks (GDPR, AI Act, Data Act) and their implications.

Main Results:

• Web 3.0 principles like decentralization are reshaping business models and digital ownership.
• The Metaverse presents opportunities for innovation in multiple industries.
• Data provenance, privacy-preserving computation, and regulatory coherence are critical.

Conclusions:

• A holistic framework is essential for sustainable development of Web 3.0 and the Metaverse.
• Addressing challenges in NFT authenticity, system sustainability, and user experience is crucial.
• A multidisciplinary and lean governance approach is recommended for future advancements.