You may think that the meta universe will be composed of a network similar to the Internet, and these interconnected virtual places can be accessed through virtual reality. The more opaque basic blockchain distinguishes the meta universe from the Internet as we know it, although most of them are accurate. The meta universe will be built on Web 3.0. It will be a decentralized application with blockchain function, supporting the economy based on digital assets and data owned by users. The question of why the meta universe cannot be without blockchain is the topic of this article today.

Blockchain is a system for permanently recording transactions, usually in an account book, which is a decentralized and open database. The most popular blockchain cryptocurrency is Bitcoin. For example, every time you buy some Bitcoin, the transaction will be added to the blockchain, and the system will distribute the records to thousands of different computers around the world. It is difficult to cheat or manipulate this decentralized recording system. Contrary to traditional banking records, public blockchains such as Bitcoin and Ethereum are transparent, and anyone can see all transactions online.

Crypto assets are things that can be digitally owned, such as currency, stocks, and art. Like Bitcoin, Ethereum uses blockchains, but Ethereum can also use smart contracts for programming. Smart contracts are essentially blockchain based software routines that are executed when certain conditions are met. For example, you can use the modified protocol on the blockchain to prove that you are the legal owner of a digital asset, such as an artwork or a piece of music, and prevent anyone else from claiming ownership of it on the blockchain even if they have saved a copy on their computer.

The irreplaceable symbol on the blockchain is music and art NFT. Unlike alternative commodities such as currency, currency is interchangeable, and the value of each commodity is the same, while irreplaceable commodities are single and irreplaceable. Most importantly, you can use a smart contract to stipulate that you are prepared to sell your digital art works in one million dollars of ether.

On the blockchain, when I click "Agree", the ownership of artwork and Ethernet will be transferred between us immediately without the need for bank or third-party custody. If any of us questions this transaction - for example, you insist that I only paid $999000 - the other party may find the public record of the distributed ledger soon.

Thanks to the blockchain, you can first have digital goods in a virtual environment. NFT is not only yours in reality, but also yours in cyberspace. A single organization or group will not create the meta universe. Different organizations will create various kinds of virtualization, which will be able to communicate with each other and establish virtualization in the future.

When people switch between virtual environments, such as from a decentralized environment to a Microsoft environment, they will want to carry their belongings with them. If the two virtual machines can interoperate, the blockchain will confirm the ownership certificate of your digital product in the two virtual machines. In essence, as long as you can access your meta universe wallet, you can access your encrypted assets.

In the meta universe, your meta exclusive digital items, such as your avatar, clothing, animation, virtual accent and weapons, will be stored in your cryptocurrency wallet. Among other things, shopping. The ability to purchase standard digital products such as music, movies, games and applications will be exactly the same as your ability to purchase online at present. If you have the opportunity to "hold" and check the 3D model of the thing you are considering buying, it will be possible to make a more intelligent judgment.

In the meta universe, you can also buy things from reality. The encrypted wallet can be linked to a real identity, which may help speed up transactions that require legal proof, such as buying a real car or house. It's like you can use your old wallet to hold your ID card.

You don't need to remember every website you visit and virtual login information, because your ID will be linked with your wallet; All you need to do is connect your wallet and click Login. Through the identity related wallet, it will also be possible to enter the age restricted area of the meta universe. By connecting the cryptocurrency wallet to the contact list, you can transfer social network data from one virtual environment to another.

The future wallet may also be linked to the credit rating, which controls your ability to communicate with people outside the social network and broadcast in public places. This may encourage users to behave ethically in the meta universe, but platform developers need to provide the highest priority for these systems. If you act like a destructive and disinformation troll, you risk damaging your reputation, and the system may narrow your influence.

The universe is profitable. Therefore, enterprises will definitely want to join. Large platforms like Meta will be provided by enterprises for people to work, play and socialize. The decentralized nature of blockchain may reduce the demand for intermediaries in financial transactions. However, there are still many opportunities for companies to make profits - perhaps even more than the current economy.

ending

With the popularization of augmented reality technology, the meta universe is further combined with reality. Perhaps the meta universe itself has not yet arrived. However, technologies such as blockchain and encrypted assets are slowly laying the foundation for a broad virtual future that will soon appear in the "poetry around you".