What is the relationship between Metaverse and popular technologies such as blockchain and AR?

Since the beginning of this year, popular technology and entrepreneurial terms such as VR, AR, blockchain, NFT, social media, and 5G have all been connected to Metaverse. What is the scope of Metaverse? What is the relationship with these hot technologies?

The term metaverse was first proposed by science fiction writer Neal Stephenson in his book “Avalanche” in 1992. In the description of the novel, Metaverse is a virtual reality that is born out of the real world, parallels and interacts with the real world, and is always online. world. The movie “Number One Player” can be regarded as a typical representative of the meta universe. The meta universe has its own economic and social system. In this virtual world, people can change their identity and do more things that they cannot achieve in the real world.

According to William Huobi Research Institute, the connotation and key technologies of Metaverse mainly include the following three categories:

(1) To further break the time and space restrictions:

The construction of meta-universe requires people to access the Internet more conveniently at any place and at any time. Therefore, the way people interact with the Internet in the future will not be limited to mobile phones and computers. All kinds of wearable devices, cars, homes, etc. will be connected to the network with low latency and stronger transmission capabilities. 5G and the Internet of Things will be the key to this part.

(2) Real immersion:

At present, the network mainly transmits information content to users through two-dimensional graphics technology, but in the metaverse, the boundary between the physical world and the digital virtual world will be gradually broken. The computer will simulate the virtual environment to give people a sense of environmental immersion and realize virtual reality. Combining with reality, a meta-universe world like the one in the movie “Top Player” will gradually take shape, which depends on the advancement of VR technology.

(3) Transmission of value:

The essence of Web 3.0 is “the connection of value.” The current Internet can only realize the transmission of information, but cannot yet realize the circulation of value. According to the property rights theory of New Institutional Economics, the key to the realization of an efficient value network lies in the “certainty and exclusiveness of information data property rights” (definition of property rights) and “transferability and operability of information data property rights” on the network. “(Free trade). The definition of property rights requires identity authentication and value data confirmation, and free transactions require the realization of identity privacy protection and the authorized transmission of value data. Therefore, blockchain technology will be one of the core technologies of Metaverse. However, from the perspective of the general development direction, Metaverse will not be realized by relying solely on blockchain technology.


At present, including Facebook, South Korean mobile game giant Netmarble Games, etc. have announced the layout of the meta universe, because the current mobile Internet dividend has almost disappeared, the market has shifted from incremental expansion to stock competition, and the major giants must look for the next strategic track , And the meta universe is likely to be one of them. The main function of venture capital is to intervene when a technology is still in its infancy or at an early stage, so as to promote the transformation of the growth model or increase the growth rate. The great popularity of Meta Universe since this summer is largely due to the result of capital pursuit; but venture capital has the characteristics of high risk and high return. There is still a long way to go before the explosion of the meta universe.

Huobi Research Institute William pointed out that the current major technology development of Metaverse is not yet mature, and the marketing cost is high, and it has not yet reached the stage of large-scale civilian use, such as heavy VR glasses, less IoT infrastructure, and low blockchain performance. Therefore, it is a long way to go to the real landing of the meta universe.


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