Blockchain: the first element of the construction of the Metaverse

“The next generation of computing platforms will be more immersive. This will be a concrete Internet. You are in the experience, not just looking at it. We call it the Metaverse”-Zuckerberg

From the listing of Robles to the name change of Facebook, there have been many discussions about the Metaverse. Some people define it as the true Internet, the ultimate form of the next-generation Internet, while others think it is just a fantasy utopia. But as a new species that integrates 5G, AR, blockchain, 3D modeling, AI and other technologies, the emergence of the Metaverse has connected these loose single-point technologies into one face for the first time, and in the history of human development In the process, every technological leap is often a collection of countless technology and application landing nodes.

Take the mobile Internet as an example. The emergence of the iPhone is considered to be the real beginning of the mobile Internet, and it integrated a large number of innovative elements such as 3G, App Store, Html programming, and chips at the time, forming a holdable and touchable one. Innovative products, and Metaverse seems to be the same.

According to the definition of Metaverse, we can summarize its characteristics into six points: continuity, economic attributes, connectability, creativity, compatibility, and real-time. Only those six characteristics can be called Metaverse. And the blockchain is involved in almost every item.

Blockchain: the first element of the construction of the Metaverse

The source of the six standards of Metaverse: West China Securities

It is true that every technology that constructs the metaverse is very important, and any one is enough to support a huge industrial group, but if you want to talk about who is the first element of the metaverse, the blockchain is a topic that cannot be bypassed. Now, when we describe Metaverse as an “infinite game”, we can clearly see the value of blockchain as the underlying architecture.

First: Metaverse is a game that cannot be forcibly closed (persistence and real-time). The sustainability and non-stop of the public chain itself prevents the so-called service-off problem for games on the chain. However, in the field of traditional games, such as “World of Warcraft”, “Three Kingdoms Online”, “Counter Strike OL2”, etc. have been popular Most online games are shut down due to various practical problems. For creators of on-chain games, when a pure on-chain game starts to run, it has its own life, even if the builder goes bankrupt or Quit, the game can still maintain vitality.

In 100% on-chain games, all game operations are run in the form of on-chain smart contracts, so it has the same security and continuity as the public chain itself. No one or even a game creator can forcefully close the game. For example, if you want to close the crypto cat game on Ethereum, the difficulty is the same as closing Ethereum. The items, characters and other commodities in the game can also be circulated and traded on the underlying blockchain, or even used in another game.

Second: unprecedented openness and cross-platform (connectability and creativity). As you can see in the movie “Number One Player”, you can work in the “oasis” to earn property, and use the property to buy living materials in the real world, and real world currency can also circulate in the Metaverse. By purchasing virtual props and assets, the economic system in the Metaverse is connected with the real world.

In the well-known games such as “League of Legends” and “King of Glory”, they are all a separate closed system. The gold coins in “League of Legends” cannot be used in “King of Glory” and cannot be used in the real world. In the infinite game on the chain, the production materials can be freely matched like Lego. For example, the gold coins, skins and props of Game A can pass through Game B, and can also be applied in the real world. This openness and cross-platform nature also provides the possibility for users and organizations to directly participate in the construction of content.

Third: Really own the ownership of digital items (economic attributes). In the traditional Internet, you can never really own your digital assets. For example, the Steam terms of use clearly state that the game purchased by the user is only for an indefinite use right and does not own the ownership of the game. Steam can take back the player at any time Games in the game library. The QQ and WeChat accounts we use every day also clearly indicate in the terms of use that their accounts are “owned by Tencent”, and users only have “authorizations”. Many other Internet platforms also have such terms.

But in the Metaverse blessed by the blockchain, NFT puts the only label on digital items. For example, the Metaverse game Decentraland can be considered as a virtual world owned by users. Each piece of land is an NFT, which identifies who is the owner of this piece of land. This NFT also clearly defines the property rights of different virtual lands. , And the clear definition of property rights is a prerequisite for market transactions, which provides the possibility for the sale and circulation of land assets. In this way, real-world businesses can be completely transplanted into this digital world and give birth to a new virtual business society. Not only works of art, music, images, personal identities, game assets, and land, anything with value can be recorded on the chain through NFT, and then be transferred and traded.

In Metaverse, data and storage are based on a decentralized blockchain, which ensures everyone’s data sovereignty. No one can arbitrarily delete the content of your account. The decentralized network gives the highest security of digital assets. , This is very different from the current Internet society. If Metaverse wants to expand on a large scale, it must ensure that users can control their assets, identities, and data.

Fourth: DAO-based economic governance system (compatibility). Today’s Internet industry giants are numerous, food delivery, online shopping, live broadcast, etc. are basically monopolized by one or a few large platforms, and these platforms are also the authority for management and rule-making, but in the blockchain environment, based on the governance of DAO The model can well solve the contradiction between the platform and the user. The token on the chain gives everyone equal rights to assets. The operator no longer monopolizes the internal economic system. Everyone shares an external and open economic system. Through the DAO organization, decentralized governance is achieved, eliminating a model that has the final say, allowing users to also Being able to participate in the formulation of rules, this is a more equal-rights virtual society. The new organizational form DAO replaces the rule of large companies over products. Shareholders and the board of directors are no longer the final service objects of the product. The community composed of ecological contributors will truly control the ecology.

In short, we should not overestimate the evolution of the Metaverse in the short term, but do not underestimate its impact in the long term. The future of the Metaverse requires us to think outside of the existing framework, just as Changzheng wrote in his new book “Metaverse, “The Road to Infinite Game” said: “If Metaverse can tell another story by just changing new terms, then the story is too cheap. What Metaverse needs is to jump out of the traditional Internet thinking framework and seek more Imagination, a more detached definition.”

As an extremely ambitious narrative, the development of the Metaverse is still very long. In terms of the current underlying technology, the comprehensive breakthrough of the Metaverse revolution is still far away. The compatibility and real-time mentioned above are far from being achieved. The needs in the Metaverse, the performance of any underlying public chain now cannot support such a grand narrative.

We need to take an objective and rational view of the current hot Metaverse concept. Don’t over-exaggerate or be too idealistic. From the perspective of technological development, gradually realizing the achievable vision is the mission of the real Metaverse people. , But it’s coming soon.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/blockchain-the-first-element-of-the-construction-of-the-metaverse/
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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