Web3 technologies — including virtual and augmented reality, machine learning, artificial intelligence (AI), blockchain, smart contracts and cryptocurrencies — have the potential to completely change the way creative content is developed, ownership is claimed and payment is received. Entrepreneur brought this interesting news to our attention in their article, “Web3 Is the Future of the Creator Economy.”

The metaverse – a 3D virtual world that incorporates augmented reality, virtual reality, 3D holographic avatars, video and other means of communication – will make extended reality experiences more accessible and prominent.

Digital worlds will soon evolve beyond simple games and marketing campaigns into entire worlds with personal avatars, digital goods and complete experiences. 

Consumer software and hardware rapidly catches up to professional-grade tools — edit bays, recording studios and printing presses now compete against software freely available on affordable laptops. This trend has forced the old gatekeepers to adapt their business models or shut down entirely. Web3 will do the same thing.

Melody K. Smith

Sponsored by Access Innovations, the intelligence and the technology behind world-class explainable AI solutions.