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

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.

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.

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