In this article, we are going to cover two important points and they are: Metaverse-blockchain relation and metaverse Basic Foundation
So let’s first see the Metaverse-blockchain relation.
Non-Fungible Tokens (NFT) and cryptocurrency are being used by the many new platforms running on blockchain technology. It is used to establish, own, and make money or welfare through creative decentralized assets. Blockchain being able to provide decentralization enhances the capacity of working globally as a digital source.
Metaverse is contrary to what the Internet proffers today. For example, On the internet, we can access content in the form of apps and websites. While Metaverse is linked through separate nodes globally. So, for accessing any digital space, no specific platform will be required. Here, one point to remember is that Blockchain Metaverse provides proof of existence to every digital thing.
As we have seen in the past few articles, now crypto and blockchain are the best examples of live Metaverse. Companies like SecondLive, Auxie Infinity, Roblox, Fortnite, Minecraft, and many more gaming projects are implementing metaverse technology that makes the virtual world possible. You might have heard about the Decentraland. It is the best example of a blockchain metaverse. It is a 3D virtual reality decentralized platform. It is an Ethereum-based virtual world, where users are allowed to play, make interaction and explore and play games with each other. Along with this, you can buy virtual lands, and build your own environment, applications, and marketplace.
Now let’s see the basic foundation of the metaverse.
Metaverse Basic Foundation
Many technologies are required to establish the metaverse, but precisely to the combination of the internet, 3D items, Open standards for media, Open programming language standards and decentralized ledgers, and smart contract platforms like Blockchain.
Let’s see them one by one in detail.
- Internet- Metaverse makes use of a decentralized network of computers where no centralized authorities like the government are required. It would be controlled by every user out there.
- Open Standards of Media- it uses 3D items, audio, texts, images, geometrical figures, sequences, vectors, and any other combination of other digital media. To achieve interoperability for the 3D Application, Pixar’s USD (Universal Scene Description) and NVIDIA’s MDL are great platforms to work on.
- Hardware- Extended Reality (XR) and Mixed Reality (MR) Hardware like Smart glasses, holoLens, haptics, and Omni treadmill
- Decentralized ledger and Smart Contract- Using Blockchain technology we can achieve the Best metaverse experience as it provides highly secure, transparent, permissionless transactions. Bitcoin, ethereum, Theta, Binance Smart Chians, NFT’s, etc., offers the greatest opportunities in the field of Metaverse. It makes it publicly available and provides support to the blockchain metaverse environment.