Whois & Analysis for hivelance.com

In science fiction, the "metaverse" is a hypothetical iteration of the Internet as a single, universal, and immersive virtual world that is facilitated by the use of virtual reality (VR) and augmented reality (AR) headsets.

In colloquial usage, a "metaverse" is a network of 3D virtual worlds focused on social and economic connection.

Web3 (also known as Web 3.0) is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics.

Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as "Big Tech".

The term "Web3" was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms.

The concepts of Web3 were first represented in 2013.

A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes.

Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree, where data nodes are represented by leaves).

Since each block contains information about the previous block, they effectively form a chain (compare linked list data structure), with each additional block linking to the ones before it.

Consequently, blockchain transactions are irreversible in that, once they are recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks.

A startup or start-up (or sometimes upstart) is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model.

While entrepreneurship includes all new businesses, including self-employment and businesses that do not intend to go public, startups are new businesses that intend to grow large beyond the solo founder.

At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to become successful and influential.

Technology is the application of knowledge for achieving practical goals in a reproducible way.

The word technology can also mean the products resulting from such efforts, including both tangible tools such as utensils or machines, and intangible ones such as software.

Technology plays a critical role in science, engineering, and everyday life.