Beijing Releases Internet 3.0 Innovation Development White Paper, Elaborating on the Concepts of Web3 and Metaverse

Recently, the "Beijing Internet 3.0 Innovation and Development White Paper (2023)" was officially released at the Zhongguancun Forum. This white paper systematically analyzes the connotation, architecture, current development status, and future trends of Internet 3.0.

Currently, the Web3 and Metaverse industries are still in their early stages, and there is no unified consensus on the relevant concepts. This White Paper provides us with a macro perspective to understand the connotations of Web3, Web3.0, and the Metaverse and their interrelationships.

Multidimensional Interpretation of the Metaverse

The White Paper cites different understandings of the Metaverse from various experts and entrepreneurs:

• Foreign perspectives often start from user experience, describing it as a "shared virtual 3D world" or "a higher quality internet experience."
• Domestic experts are more concerned about its impact on social and economic forms, such as "new types of virtual-real integrated internet applications and social forms" or "advanced forms of the digital economy."

Core Features of Web3

The White Paper points out that the concept of Web3 has been widely spread internationally, with core technologies including blockchain, NFT, privacy-enhancing technologies, DAO, etc. Web3 is seen as a decentralized internet built on distributed technologies, emphasizing open collaboration and user autonomy.

Definition and Vision of Web 3.0

The White Paper defines Web 3.0 as a highly immersive, three-dimensional space that integrates the virtual and the real, aiming to enhance human-computer interaction experiences and the efficiency of economic activities. It encompasses the connotation of the Metaverse and Web 3, reflecting the trend of socio-economic forms developing towards a fusion of the virtual and the real.

Architecture and Development Stages of Internet 3.0

The White Paper divides the architecture of Internet 3.0 into four layers: infrastructure layer, interaction terminal layer, platform tools layer, and application layer. It predicts that Internet 3.0 will go through three development stages:

1. Beginner Stage: Immersive Experience Taking Shape
2. Transition Phase: The boundaries between virtual and real experiences are gradually blurring.
3. Maturity Stage: High Integration of Virtual and Real Worlds

The mature form of Internet 3.0 will possess four core attributes: a high degree of integration between the virtual and the real, open creation, an economic closed loop, and sustainable development.

With the continuous advancement of technology, Internet 3.0 is expected to give rise to new applications and business formats in various fields such as consumption, industry, government affairs, urban management, and healthcare, promoting human society towards a more advanced digital and intelligent form.