Talking about the metaverse, we will of course also talk about the potential presence of the latest version of the internet, web3.
Crypto and Blockchain for Metaverse
Talking about the metaverse, we will of course also talk about the potential presence of the latest version of the internet, web3.
Of course, the decentralized concept of web3 will stick with the metaverse, which shouldn't be centralized either. From there, of course, the role of blockchain will be more prominent because it is able to provide a well-tested and well-tested decentralized system.
In addition, the metaverse will also of course require a currency for transactions in the real world, as well as to mark ownership of assets in it.
For such a solution, crypto assets are more than sufficient to meet the needs of the currency. We've even seen this on metaverse platforms like SandBox and Decentraland. And so far, it seems to be working.
Crypto assets running on the blockchain network will certainly make things more transparent. Fraud in the virtual world can also be overcome, and can even be tracked more easily when it occurs.
Perhaps, each metaverse platform could have its own crypto assets or even use existing ones like Bitcoin, Ether, DOGE or some stable coin like USDT.
In essence, crypto assets and blockchain are compatible with the concept of a decentralized metaverse. It will be at the heart of this new sector to be better for the users.
For ownership problems, crypto is again a solution by using tokenization such as non-fungible tokens (NFT).
The creator and ownership of the NFT will be recorded on the blockchain, so the user will actually legally own an asset. Even if the metaverse platform you are using should be shut down, your NFT ownership will not be lost.
Ultimately, it all has to run on a blockchain network, so this will be really important to the metaverse. This is a real and plausible solution to the metaverse in the future.
