An article to understand the relationship between the Metaverse and blockchain

Recently, many readers have left comments at the end of the article about the Metaverse theme of A shares and the decentralization of the Metaverse. These two topics are closely related in my opinion. Today, I would like to share with you some of my views on these two topics.

In our e-book “Blockchain: The Soul of the Metaverse” published last year, I repeatedly emphasized this point: In my opinion, the underlying architecture of the future Metaverse or virtual world must be based on blocks chain.

why?

Because the Metaverse I dream of is a parallel world, and the importance of that parallel world is very likely to surpass the real world. It will be big enough, wonderful enough, and wonderful enough that all our activities, including the work that we depend on for survival, take place in the Metaverse, except for eating and drinking in the real world. So that world must have strong economies. And that economy must be a global-oriented, highly efficient economy that transcends geographic, institutional and financial constraints and achieves great liquidity and minimal friction.

Such an economy does not exist in real life, and the birth of Bitcoin and Ethereum gives us hope, and this hope is accelerating to reality, and it is hitting us with lightning speed.

Uniswap for trading, Aave for lending, various NFTs we participate in, and Opensea for NFT trading are all global markets, and all use a common currency (ETH).

And they have these characteristics that any existing Internet application does not have.

Let’s take Amazon as an example. If we want to buy overseas things on Amazon, we must have a credit card that supports overseas payment, we must ship from overseas, and the goods must be inspected by customs. These barriers are all frictional forces in this specific economic activity, reducing the efficiency of this activity and increasing the cost of this activity.

However, traditional economies cannot fundamentally remove these frictions. Only a global economy based on blockchain technology can be so efficient, and blockchain technology is still in its infancy, so we have every reason to believe that its The future is extremely wonderful.

Further thinking along this line of thinking, we must think about, since this economy wants to achieve great liquidity and minimal friction, what characteristics must this economy have?

Can we imagine that its underlying platform is in the hands of a certain country or company? Can you imagine that its currency is in the hands of a certain country or company? Certainly not. This topic does not need to be discussed in depth, as long as you pay attention to the current hot and current events, you will immediately understand what I want to express.

Therefore, the underlying platform of the future Metaverse must be a highly decentralized platform.

I have shared a lot about decentralization before, and today I will discuss this topic from another angle.

I believe in a point: only a system that adequately protects the bad guys is a good system. This is to say that everyone is equal in front of the system, not because of your morality or your character.

This kind of system is a completely neutral system, and the only standard that everyone needs to operate on this system is only one: whether to act according to the requirements of the system itself.

And for this to happen, it must be as decentralized as possible, and it must operate without any single force interfering with it.

In the virtual world, only crypto assets can do it.

Regardless of whether it is a good person or a bad person, holding bitcoin is holding bitcoin. There is no power that can confiscate his bitcoin just because the holder is a bad person. At most, external forces can only limit this holding by legal means in the real world. the freedom or activities of the holder, but it cannot interfere with his freedom of holding coins at all.

Note that when I refer to holding coins here, I mean coins are kept in their own wallets, not on exchanges.

It is precisely because of Bitcoin’s absolute neutrality that we believe in its future and see the future.

Therefore, the underlying structure of a super powerful economy must be decentralized.

Well, after talking about the crypto world, let’s go back to reality.

For the Metaverse, all the big Internet companies are quite positive, and I believe that many of them really see the future.

For example, it was recently revealed that Facebook is developing a new encrypted asset, hoping to add this new asset to its own “Metaverse”. But I will not participate in this asset.

Luckily for Facebook, the place where it grew up allowed crypto assets, so with the blessing of funds, it went all out to do it. And what about some big factories that have strength but are subject to various restrictions? They can’t involve crypto assets, so they have to settle for the next best thing – grab other things in the Metaverse: AR/VR devices, digital twins, artificial intelligence, big data, the Internet of Things, or change the way these technologies Change the packaging, make a new word, etc.

This is the “Metaverse” theme of the current A-share hype. You can take a closer look, these hyped companies are all of this type.

Are these technologies important? Of course very important, without them the Metaverse is far from perfect. But in the Metaverse, which is more central?

I still think it’s blockchain technology. This is also the core idea that I have always upheld.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/an-article-to-understand-the-relationship-between-the-metaverse-and-blockchain/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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