Enablers, opportunities, and barriers

Abstract

In this chapter, we provide details of key enablers of Web3 and the metaverse. It will discuss how several new technologies that are enabling the vision of Web3 and the metaverse, such as AR and VR headsets, are becoming cheaper and more powerful, leading to improved user experience. It discusses major opportunities that can result from Web3 and the metaverse. It provides a perspective on the roles of the metaverse in enhancing branding, empowering consumers, and increasing customer satisfaction with services. This chapter also highlights the various challenges that Web3 and the metaverse face. It discusses how human resources-related challenges and technical constraints can hinder the success of Web3 and the metaverse. It also offers an overview of the lack of standards and standardization to ensure interoperability within the metaverse ecosystem.