Interpretation of the Metaverse concept: Why did the Metaverse develop on the blockchain?

[Santhoshzak]

Today, with the application of the concept of Metaverse and blockchain technology , and the gradual development of industries such as virtual scenes and social live broadcasts , Metaverse has become a “sweet pastry” for creating explosive products in the next Internet era. Today, let us approach the Metaverse, understand the inseparable relationship between the Metaverse development and blockchain, and see how the Metaverse project on the blockchain became popular!

What is the metaverse?​

When we hear the metaverse, a fantasy about another digital world and living space may appear in our minds. In fact, the concept of the metaverse does not have a unified and authoritative definition in the academic circle. Generally, we will discuss the concept of metaverse from two perspectives:

• From the perspective of time and space, the Metaverse is a digital world that is virtual in the space dimension and real in the time dimension;
• From the perspective of authenticity, the metaverse has both digital replicas of the real world and creations of the virtual world.

To be precise, the metaverse is more like the rebirth of a classic concept, and it is the conceptualization of new technologies such as extended reality (XR), blockchain, cloud computing, and digital twins. The real metaverse is not a single entity, but multiple, which is the integration of modern information technology. As the next development stage of the Internet and a new wind vane, Metaverse integrates technical concepts including 5G, cloud computing, artificial intelligence, virtual reality, blockchain, etc., to jointly create a new future digital virtual space.

The metaverse is made up of many parts, the following are the basic elements of its composition:

• Internet: A decentralized network of computers.
• Open standards for media: including text, images, audio, video, 3D items, 3D scenes and geometry, vectors, sequences, and programs for generating and combining any of these.
• Open programming language standards: including HTML, JavaScript, WebAssembly, WebXR, WebGPU Shader Language, etc.
• Extended reality (XR) hardware: such as smart glasses, haptics, and omnidirectional treadmills.
• Decentralized ledger and smart contract platforms (e.g. blockchain): for transparent, permissionless, and censorship-resistant transactions, forming an important foundation for the ownership economy, supporting the Metaverse and making it a viable public good.

Among these components, the blockchain occupies an important position, and because of its own technological superiority, it continuously injects a steady stream of power into the development of the Metaverse.

Blockchain: The Technological Cornerstone of the Metaverse

I just mentioned that the metaverse is a collection of various emerging technological concepts and elements including blockchain, so what is the connection between metaverse and blockchain?

Metaverse is a trusted digital value interaction network supported by Web3 technology system and operating mechanism, and a new Web3 digital ecology with blockchain as its core. Therefore, we can understand blockchain technology as the technical foundation of the Metaverse. The technical advantages of high efficiency, stability, transparency, and regularization provide the cornerstone for the rise of the Metaverse and become the key to supporting the operation of specific projects in the Metaverse.

Blockchain is a distributed ledger formed by sequentially appending consensus-confirmed blocks with cryptographic technology. It has technical, financial , and social attributes. These three attribute elements have become the core elements to promote the healthy development of the Metaverse and play an irreplaceable role. effect.

• From the perspective of technical attributes, underlying platforms such as BaaS, cross-chain , privacy computing , identity authentication, distributed storage and computing provide infrastructure for distributed applications in industries such as finance, manufacturing, education, and energy.
• From the perspective of financial attributes, DeFi , NFT and xFi have explored digital financial service models through a large number of practices.
• From the perspective of social attributes, the DAO model provides new thinking for the collaboration model in the digital environment.

The emergence of the Metaverse development company is an inevitable trend in the development of blockchain technology, finance, and social attributes. It provides a basis for the privacy protection and identity authentication of the Metaverse system, provides a digital path for the Metaverse financial transaction model, and provides a new social interaction for the Metaverse. It will also promote the establishment of a Web3 digital ecology with blockchain as its core.

The Future of the Metaverse: Multi-chain Integration and Track Cooperation​

When we admire the ingenious combination of blockchain technology and the development of the metaverse, we also need to think about whether blockchain technology will bring certain obstacles to the “realization” of the metaverse concept, and whether we need to advance To avoid some risks?

Just like the era of multi-chain parallelism and the increasingly fierce public chain competition, while different platforms are actively developing the metaverse track, they are also launching a new round of “stock competition” for technology enthusiasts and ordinary users. Although encryption and decentralized computing are breaking down the barriers of some platforms and cross-chain operations, the interoperability and intercommunication between different Metaverse projects is still not possible.

Recently, Decentraland was born as a brand new metaverse 3D virtual space. There are a variety of fun mini-games in this 3D space, and many NFT rewards will also be given to users. However, the development of more functions in Decentraland has been limited to a certain extent. Different public chains cannot provide functional support in various directions for a single platform at the same time, just like the world of Decentraland cannot be explored in The Sandbox, nor can it be opened with the Unreal Engine application. Games made with Unity.

We are looking forward to the future of the multiverse, and hope that the metaverse can lead us into a digital life that is truly intelligent, free, and efficient. However, the foundation of the metaverse development services is shared data, shared computing, and shared bandwidth. To bloom the high-energy light of the metaverse, the multiverse needs a whole-universe system.

Therefore, blockchain technology, as the underlying facility of Metaverse facilities, should accelerate its own business level in cross-chain operations, track expansion, project cooperation, etc., and inject strong impetus into the future of Metaverse in the Web3 era.

 

[alphyia john]

Metaverse development involves a wide range of skills, including software engineering, 3D modeling, game design, artificial intelligence, and blockchain technology. It also requires a deep understanding of user experience design and social dynamics, as the goal of the metaverse development is to create a realistic and immersive world that users want to spend time in.