Web3 and Metaverse are Considered the Future of Music & Entertainment

Metaverse invokes indistinct nations as Facebook is developing and involved in wearing an expensive headset. Matt Damon constantly tried to describe that ‘Crypto’ is considered a weird virtual currency or sometimes called Bitcoin. However, Web3 is another termoften used to execute any conversation. Keep in mind that the age of the internet is reaching its 3rd key era of evolution.

Meanwhile, Web 1.0 involved everyone creating websites to publish content. A couple of decades ago, most of the basic flashy websites messed up the internet. The content was pushed out as most communication was approaching completely one-way, from the published to the public. We are currently working in the Web 2.0 era and some major tech companies are controlling it.

Most of the major companies are streaming music platforms including Facebook, Google, YouTube, TikTok, Twitter, Snapchat, Instagram, and others. Web 2.0 enables users to publish and communicate with each other to a limited level through direct messaging. Moreover, Web 2.0 has enabled these companies to become extremely booming using personal data.

South Koreans Spend 10 Hours a Day

However, data has now become the most precious commodity in the notable world. We are all actually working for them for free by providing our data to these companies. Users become data miners when they go online and provide rich raw material to tech companies. Canadians consume at least 6 hours a day online, in which they spend around 2 hours on social media.

The average person in South Korea spends around 10 hours per day online. The companies are finding new algorithmic strategies for users to provide them with more data they use to sell more stuff. Meanwhile, Big Tech is generating trillions of users’ work. Web3 is considered decentralized public ownership of property in the online environment in collaboration with blockchain technology.

Blockchain can Handle Metaverse, NFTs, and Digital Tokens

It involves various elements such as metaverse, cryptocurrency, NFTs, and digital tokens. These things enable internet users to instantly become owners. Online users participate in the creation, governance, and operation of various things to recompense the internet. Moreover, Singapore also hosted the All That Matters conference, and people around the world participated in the event.

Various companies attended that event including music, sports, eSports, gaming, marketing, and broadcasting. They were gathered to discuss the new era of the internet with emerging technologies. Some of them also called it the musicverse. We are experiencing the involvement of some community-building apps such as Drrops. It enables a community to build relations between artists and fans.

Drrops Allows Artists to Directly Communicate with Fans

Meanwhile, Drrops was constructed with the concept of bringing a possibility for artists to directly communicate with fans. It would enable different bands to learn more about their audiences. The audience can also share elegant experiences, opportunities, and goods, both virtual and real. It would enable fans to communicate with each other to improve a sense of community.

It would enable superfans to get a digital token and will provide them access to special content from the artist. However, Web3 could also impact roaming. It would allow users to enjoy the performance online in a VR/ metaverse form at an affordable cheaper price. The artist will stay in one place instead of having 15 thousand fans pay more than $200 for a ticket in the city after city.