Blockchain games, NFT and cryptocurrency payment are no longer just an encrypted enthusiast patent. Now, as part of the Metaverse promoted by the blockchain and the development service of the Metaverse, all these can be easily accessed. The decentralized application of the blockchain will become the basis of the Metaverse, which supports the economy and data of encrypted assets and data possessed by users. Crypto virtual world is an immersive virtual world that integrates blockchain technology and cryptocurrencies. Let's discuss the relationship between the Metaverse and the blockchain together.

Blockchain technology

All cryptocurrency transactions are called blockchain. With new records that have been completed, it is continuously expanded. Each block contains transaction information, timestamp, and an encrypted hash. Bitcoin nodes use blockchain to distinguish the real bitcoin transactions and re -use coins that have been used elsewhere before.

Stuart Haber and W. Scott Stornetta created the first version of the blockchain technology in 1991 to update the files by independent central institutions. However, Bitcoin, as the first decentralized point -to -point payment network, did not debut for the first time in 2009.

As a type of distributed ledger technology (DLT), the term "blockchain" was first proposed by Bitcoin's anonymous creator, Nakamoto, which was proposed in 2008.

DLT is a database distributed between multiple computers or "nodes". Since everyone can access all transactions and there is no single -point failure, this decentralized system provides higher security and transparency.

Blockchain technology has many potential uses in the fields of currency, contracts, voting and government. One of the recommended uses for blockchain is:

Register land ownership and related documents to strengthen ownership;

Build a safe, transparent, and invasive online voting platform;

Tracking food and other products will completely change the supply chain management.

As a young technology, the blockchain has many unsolved problems. However, it is obvious that blockchain may quickly change many industries.

What is the Metaverse?

Blockchain technology is used to establish a decentralized network of virtual world and 3D space, called Metaverse. Anyone can use the user -friendly Metaverse platform to build its own virtual world or 3D environment. This is a place where people can connect in all aspects of life. It combines many websites and platforms that can be accessed by a single browser. Users can contact other metada users, create virtual images, buy and trade virtual products.

The word "Metaverse" first appeared in the iconic Sai Boxai novel "Aparban" published by Neal Stephenson in 1992. But what is metaverse? Metaverse (always capitalized in Stephenson's novels) is described as a shared "virtual field", "open to the public through the global optical fiber network", and projected into the virtual reality mirror in the novel. Therefore, this phrase can be applied to digital settings enhanced through virtual reality (VR) or augmented reality (AR).

Meta in this word means "transcendence", Verse refers to "universe". In addition, some people also use the term of the Metaverse to refer to the virtual world that players can roam around and interact with other players; for example, a developer can build a world, park, logo, and things that do not exist in reality. It includes a huge light show hanging on the top of the head and the famous neighborhood (where the three -dimensional time and space rules are ignored, and the free battle areas that people can hunt and kill each other).

COVID-19 epidemiography ignites people's interest in the universe. As more and more people work and go to school online, people are more and more eager to make online connections more realistic through technology.

Mark Zuckerberg revealed in July 2021 that the company intends to build a more extreme Facebook version, including social existence, office work and entertainment. Facebook was renamed Meta on October 28, 2021, reflecting its more important commitment to create a virtual environment called Metaverse.

How does the Metaverse work?

The Metaverse can be divided into two types of platforms.

The first involving use of Non-Fungible token (NFT) and cryptocurrencies to create a blockchain -based Yuan -cosmic startup. People can buy virtual land and create their own settings on Decentraland and The Sandbox platforms.

The second group uses the virtual world to describe the general virtual world, and people may meet in it to carry out business or entertainment. In July, Facebook Inc. announced the establishment of the Metaverse product team.

Although many Metaverse services provide free accounts, people who purchase or trade virtual assets on blockchain -based platforms must use cryptocurrencies. Some blockchain -based platforms, such as the SAND of MANA and The Sandbox of Decentraland, need to buy and sell virtual assets based on Ethereum cryptocar.

Users can trade NFT artworks or collect the admission fee for Decentraland virtual performances or concerts. They can also make money through trading land, and the value of land has risen sharply in recent years. Users can make money on ROBLOX by charging the cost of visiting their games by other users.

What is the core attribute of the Metaverse?

The most popular idea about Metaverse comes from science fiction. In this case, Metaverse is often described as a number "embedded" Internet -a realistic form of expression, but it is rooted in virtual (usually theme park -style) world. Therefore, the core attribute of the Metaverse can be determined as:

Synchronous and real -time: Although pre -arranged and independent events will happen, the Metaverse will be a life experience that continues to exist for everyone in real time, just like it is in "real life".

Slayer: It never "reset", "pause" or "end" -it just continues endlessly.

Available and available at the same time: Everyone can become part of Metaverse and as agents in Metaverse at the same time to participate in specific events/place/activities.

A complete functional economy: Individuals and enterprises should be able to create, owns, invest, sell and be compensated for a lot of efforts to generate the value recognized by others.

Experience: It should span the digital world and the physical world, private and public network/experience, as well as open and closed platforms.

Extensive contributors: It should be filled by the content and experience developed and operated by many contributors. Some of them are individual operators, while others are non -formal organization or commercial -oriented enterprises.

Provide unprecedented interoperability: it should provide extraordinary data, digital projects/assets, content, and other interoperability between each experience -cars developed for Rocket Union (or even Porsche website) can be transported to Roblox Work. Today's digital world is operating like a shopping mall. Each store has its own currency, the unique ID card, shoes or calories and other items, and various dressing rules.

The main characteristics of the encrypted Metaverse

The designers of the encrypted Metaverse usually distinguish their world from the early iteration of the Metaverse through several key ways:

Decentralization: Although the early virtual world is owned and controlled by the company, the encrypted Metaverse is usually decentralized. Part or all components of the Metaverse game are based on blockchain technology. This means that the blockchain Metaverse itself often deviates from the mainstream business structure and value extraction model of the game industry today. The unique structure of the blockchain game can provide participants with more fair opportunities for participation. This also means that the ownership of the Metaverse itself is shared between its participants. Even if the original creator of the Metaverse blockchain leaves, the game itself can exist permanently.

User governance: crypto the universe like DECENTRALAND uses decentralized autonomous organizations (DAO) and govern tokens to help their users control the future of the game, allowing them to promote changes and updates by voting. In this way, the Metaverse is not just encrypted games -they can develop into a whole society with economic and democratic leadership.

The source that can be proven: The world's items in the encrypted dollar universe adopt the form of encrypted token, such as Non-Fungible token (NFT). The achievements and acquisitions in the game environment can represent great value for gamers. NFT updates the standards of the items in the game in an urgent transparency and entering the asset market. Because each NFT is unique, it can be coded by the Metaverse token and items to easily help prove the content generated by users in the game and the source of NFT game assets.

The economic value of real world: Due to the cryptocurrency and blockchain infrastructure of cryptocurrencies, their economy is directly associated with a broader crypto economy. This allows the holders of the Metaverse tokens, avatar skin and digital real estate to trade in the DEX and NFT markets to gain the real world value for their investment in the world.

What does the blockchain have to do with the Metaverse?

So what does the concept of blockchain and the Metaverse have to do? Today, many blockchain -based platforms use so -called Non-Fungible token and cryptocurrencies, providing an ecosystem for creating, ownership and monetized decentralized digital assets. Without blockchain, due to the various shortcomings of centralized data storage, the concept of the universe is incomplete. As a digital source based on the principle of decentralization, the blockchain can play a role globally. This fact is fundamentally distinguished from the ability of the Metaverse with the traditional Internet. Of course, the traditional Internet uses websites and applications. form. The Metaverse based on the blockchain provides access to any digital space without being disturbed by concentrated institutions.

Blockchain technology is integrated with Metaverse

Due to the advancement of blockchain technology, many companies have begun to try to develop their own proprietary blockchain platforms. A group of such a group is metaverse.

The goal of Metaverse is to provide scalable, safe and easy to use blockchain platforms. In addition, it emphasizes the creation of digital assets and smart contracts.

Users can use the Metaverse digital asset system to build and release their own unique digital assets, which can include anything valuable such as stocks, bonds, and even reward points.

On the Metaverse blockchain, smart contracts are a program that can automatically control digital asset transfer.

Because it can create a virtual economy with different types of utility token and NFT, cryptocurrencies are very suitable for the Metaverse. You can use NFT to access various digital assets, including virtual houses and enterprises, incarnation clothing, digital art works and other virtual products. With the help of NFT, your digital assets will not be replicated and hacked.

Users can choose to use real currency transactions and investment Non-Fungible tokens without having to play games. It is feasible to enhance and build virtual reality similar to the real world. But all of this depends on the use of the meta -cosmic blockchain to protect and verify the data it contains and support it.

Why the blockchain is the key technology of the Metaverse

Although there is no single concept of the Metaverse, and the idea itself is partially implemented in projects such as Facebook Horizon and Google Blocks, the key operation principles of the ecosystem have been formulated.

There are two main components of any meta universe: hardware and software. Hardware components include all types of controllers, allowing users to comfortably interact with virtual or augmented reality. As far as software is concerned, we are talking about the digital environment where users can use content.

Many people in the industry have agreed that software should be based on blockchain technology. It represents a safe decentralized database. Independent nodes can interact in a dynamic updated network. Once you understand its most important features, it will obviously find that blockchain technology can meet the requirements of the Metaverse. We list them below:

security guard. The fact that Metaverse storage uses EB as a unit of data has triggered the problem of secure storage, transmission and synchronization. In this sense, blockchain technology is very relevant in the context of storage and data processing nodes.

trust. The blockchain means the existence of token -security storage equipment that can transmit virtual content, individuals, data and authorization keys in the form of encryption. In this regard, the Metaverse blockchain increases the user's trust in the ecosystem because third parties cannot obtain confidential information.

Decentralization. To ensure the comprehensive operation of the Metaverse, all participants must see the same virtual world. The decentralized ecosystem based on blockchain technology allows thousands of independent nodes to synchronize.

Smart contract. This makes it possible to effectively regulate the economic, legal, society, and other relationships between the ecosystem participants in the universe. In addition, intelligent contact allows you to formulate and implement basic rules for the operation of the Metaverse.

Mutuality. The blockchain promotes the combination of different systems and interfaces, and is not restricted. This is particularly important in NFT valuation and turnover.

Money relationship. As an indispensable part of the blockchain, cryptocurrencies can be used as the normal operation simulation of traditional currencies; this is an effective way to implement mutual settlement through the meta -world cryptocurrencies.

Obviously, the centralized ecosystem has many risks in the creation and operation of the virtual world. These may be a concentrated decision on hacking, malware, and even the function of the Yuan cosmic function. However, blockchain technology minimizes these risks and makes it possible to build a stable virtual ecosystem.

Is encryption the key to the Metaverse?

The goal of Metaverse is to provide people with a enhanced reality experience, which may surpass physical reality in many aspects in many aspects.

Let's take a look at why Metaverse needs to be encrypted to run normally.

The irreplaceability and invariance of the blockchain are the key attributes of any virtual reality technology. Matrix attacks and data leakage are common, but if people should operate in a completely online and virtual environment, they will be safe on the bottom platform where they operate.

Blockchain not only allows fast confirmation information, but also allows encrypted security and protected transactions. Blockchain and encrypted assets are the basis and indispensable aspects of virtual reality deployment.

Based on the previous point, Metaverse will hope and ask for transactions to be completed on demand. Blockchain and encrypted assets can help realize this. The actual virtual reality environment requires transactions to work and execute according to the prescribed regulations. These transactions must be safe and almost fast. Individuals in this ecosystem especially need to be able to: A) to easily trades and participate as themselves as itself, and B) I believe that these transactions will be completed.

Individuals and institutions can trade through encrypted transactions in virtual, traceable and real -time ways. This is a feasible and verified method. However, even if the blockchain and encryption asset technology are not continued, the trend of virtual and online payment is increasing. Trading and participating in business activities in the online environment have become a mainstream development. As VISA, MasterCard and PayPal use encrypted payment to become more common.

Supportable payment has become more common in the virtual ecosystem (such as the Metaverse), and it is reasonable to go to the forefront in the future.

Metaverse is still a field of development and rapid expansion. Nevertheless, the most important thing is to support and realize the full -featured meta universe. Blockchain and encrypted assets will need to play an important role in its future implementation.

Many blockchain -based meta -cosmic platforms are still studying AR and VR technology, and ultimately allow users to interact with the environment. Blockchain is obviously a necessary technique for the main elements of the Metaverse, including digital ownership certificates, remittances, governance, accessibility and interoperability. Metaverse is still in the stage of development, but is constantly developing. As the leading technical experts expect, many new technologies will promote the development of the Yuan Dynasty in the future and support the establishment of a series of cases of use cases, thereby enhancing the ability of the Yuan Dynasty to deliver real -world products.