2023 Technology Trends: Here is How Metaverse and Web3 Fit In

2023 Technology Trends: Here is How Metaverse and Web3 Fit In

Over the past years, there have been significant developments in various fields related to technology. For one, the improvement in computing power has accelerated the progress of artificial intelligence. 

In 2023, it is expected that there will be more progress in the field of artificial intelligence and that various organizations will turn to AI systems.

In addition to artificial intelligence, there will also be major developments in the metaverse and web3 industries. Here is a breakdown of what technologies are expected to take off in the year to come. 

1. Artificial Intelligence

1. Artificial Intelligence
1. Artificial Intelligence

The use of artificial intelligence will increase significantly and become mainstream in 2023. Artificial intelligence will not only contribute to the creation of smarter products and services for any business, but it will also help benefit the retail market.

Furthermore, contactless, autonomous shopping and delivery will be the trend in 2023, as well as the development of products recommended by artificial intelligence-supported algorithms. Payments for goods and services will become easier, while inventory management is expected to become easier through artificial intelligence.

Online shopping and in-store pickup processes (BOPIS, BOPAC, BORIS) will become widespread in 2023, and there will be an increase in autonomous delivery initiatives.

2. Metaverse, AR and VR

Experts predict that the metaverse will contribute $5 trillion to the global economy by 2030. And 2023 will be the base year that determines the next ten-year process. With Metaverse, the speed of development in Augmented Reality (AR) and Virtual Reality (VR) technologies will also increase.

These technologies will be used in company meetings and employees will be able to enter a virtual metaverse from their homes and have meetings. Investments in this area are already underway and this is expected to further increase. 

3. Web3 to Grow Exponentially


Blockchain technology will advance significantly in 2023 as companies produce more decentralized products and services. As of now, almost all data are stored in the cloud. 

While this is already a great breakthrough, using blockchain to decentralize data storage and encrypt information will not only make it more secure, but we will also introduce more innovative ways to access and analyze it.

Non-fungible tokens (NFTs) will become more useful and practical in the new year. For example, NFT tickets for concerts will be available with exclusive perks and benefits. 

NFTs can be keys to interacting with many of the digital products and services we buy or represent contracts we sign with other parties.

4. Bridge between the digital world and the physical world

We are already seeing an emerging bridge between the digital and physical worlds and this trend will continue in 2023. This merger has two components: digital twin technology and 3D printing. 

Digital twins can be expressed as virtual simulations of real-world processes, operations, or products that can be used to test new ideas in a secure digital environment. It is stated that in 2023 we will see even more digital twins, from factories to machines, cars, and precision healthcare.

The biggest example in this area is actually Formula 1 teams. F1 teams create both the physical vehicle and the digital twin of the vehicle and perform all the tests in a digital environment. This provides a very high time and cost advantage.

5. Nanotechnology and Gene Editing

In future scenarios, it is stated that we will live in a world where we can change the material, plants and even human beings by arranging them. It is reported that in 2023, we will see developments, especially in the field of nanotechnology. 

On the other hand, it is underlined that the use of CRISPR-Cas9, which has been around for several years, will expand and gene editing is expected to become widespread.

Gene editing can be used to correct DNA mutations, solve the problem of food allergies, increase the health of crops, and even edit human traits such as eye and hair color.

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