What is “Meta Verse”? What’s the relationship with Blockchain?

Tokenview.io
3 min readNov 12, 2021

Blockchain meta-universe concept projects such as NFT Meka, CyberUrsus, Bored Ape Yacht Club, etc. have been greatly sought after by the market. Whether it is on-chain land auctions, encrypted asset prices, or the number of active users, they are all in this weak market which created an amazing growth.

In 1992, Neal Stephenson’s science fiction novel ‘Avalanche’ mentioned: As long as you bring headphones and eyepieces and find a terminal, you can connect to another three-dimensional reality simulated by a computer. Everyone can Have your own clone in this virtual space parallel to the real world. This virtual space is the ‘meta universe’.

The term Metaverse is composed of Meta and Verse. Meta stands for transcendence, and verse stands for universe. Together, they usually mean the concept of ‘transcending the universe’: an artificial space that runs parallel to the real world.

Someone has listed 8 key characteristics for the meta universe, namely: Identity, Economy, Immersive, Anywhere, Low Friction, Variety, Civilization, Friends. If you summarize these characteristics in one sentence: a person with a ‘virtual’ identity can access this virtual world anytime, anywhere, and this world has self-developing cultural content and economic system, and always maintains a safe and stable environment. Operation, but also can meet the needs of individual social, gaming, economic life and other needs.

What does the blockchain bring to the metaverse?

Blockchain can solve Identity and Economy problems; VR can solve Immersive problems, 5G and cloud computing can solve Anywhere and Low Friction problems; open UCG content production As well as the game mode, it provides a way of solving problems for Diversity, Civilization and Friends, which together form a complete meta-universe solution.

Value of Blockchain in Metaverse:

1. Payment and Clearing System

The basic features based on blockchain include open, transparent and not easy to tamper with, P2P payment, etc. In Metaverse, the economic system will become the key to achieving large-scale and long-lasting operation, and blockchain technology will provide Metaverse with payment seamlessly compatible with the virtual space of the network due to its natural ‘decentralized value transfer’ characteristics. And clearing system.

2. Smart Contract Deployment

Due to the openness and transparency of the blockchain network itself, smart contracts have excellent features such as automation, programmable, openness, transparency, and verifiability, so that trusted interactions on the chain can be carried out without the need for a third-party verification platform. If the financial system in the metaverse is built on the blockchain, then the features of smart contracts can be used to decentralize the contract in a programmatic, non-custodial, verifiable, traceable, and trustworthy manner, thereby significantly Reduce rent-seeking, corruption, and black-box operations that may exist in the financial system. It can be widely used in finance, social networking, games and other fields.

Tokenview ETH Explorer enables users to verify the owner’s contract. Details please refer to: https://eth.tokenview.com/en/verifyContract

3. NFT Non-fungible Token

The biggest feature of NFT is that it has both indivisibility and uniqueness, so it is very suitable for marking exclusive and indivisible rights and assets, and can realize free transactions and transfers.

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Discord: https://discord.gg/cyberursus

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