What is Metaverse? What’s the Relationship with Blockchain?

Blockchain Metaverse concept projects such Axie Infinty, My Neighbor Alice, Sandbox, and Decentraland have been greatly sought after by the market. Whether it is onchain land sale amoount, price of cryptos, or activer users, they all created an amazing growth.

In 1992, Neal Stephenson’s science fiction novel ‘Avalanche’ mentioned: As long as you bring headphones and eyepieces, 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, Civility , 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 Blockchain Bring to 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 Variety, Civility and Friends, which together form a complete meta-universe solution.

Blockchain Value in Metaverse

1. Payment and Clearing System

Hard to tamper with, open and transparent, P2P payment, etc. are the basic features of blockchain. 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 and clearing system which seamlessly compatible with the virtual space of the network due to its natural ‘decentralized value transfer’ characteristics.

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.

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.

Infroduction of Metaverse Project

Sandbox

Sandbox is a unique vbMetaverse designed to create a sustainable game and content creation ecosystem. Sandbox was originally a mobile game developed on Android and iOS by its parent company Animoca Brands in 2012. This app is widely used and accumulated 40 million downloads in the early days of mobile games, reaching nearly 2.6 million monthly active users at the peak.

Using the 3D Voxel style shown in popular games such as Roblox and Minecraft, the sandbox aims to provide tools that not only build experiences related to specific locations, but also provide assets that can be used and sold throughout the ecosystem. Game players can create digital assets (non-fungible tokens, NFT) in The Sandbox Game Maker and upload them to the store. Players can create games by simply dragging and dropping.

For Sandbox projects and transactions, please refer to the Tokenview NFT explorer or click on the link: https://eth.tokenview.com/en/token/0x50f5474724e0ee42d9a4e711ccfb275809fd6d4a

Axie Infinity

What is Axie Infinity? Axie Infinity is one of the most popular blockchain games. Players fight with a team of pets called Axies and take them to level up. The game involves battles between creatures based on token cards called ‘Axies’. Players can collect items and cultivate creatures.

For Axie Infinity projects and transactions, please refer to the Tokenview NFT explorer or click on the link: https://eth.tokenview.com/en/token/0xf5d669627376ebd411e34b98f19c868c8aba5ada

Blockchain can bring more than just wealth-making effects to games: game asset confirmation, new player community power system, redefinition of the relationship between players and officials, and even new ways of gaming. When will the next dark horse appear on the track? It is worth looking forward to!