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Blockchain And Metaverse

Due to the progress of blockchain technology, numerous businesses have begun exploring the possibility of creating their own exclusive blockchain platforms. One such group is Metaverse, which aims to provide a secure, scalable, and user-friendly blockchain platform. Metaverse places particular emphasis on developing digital assets and smart contracts.


The Metaverse Digital Asset System allows users to construct and distribute their unique digital assets, which can range from stocks and bonds to loyalty points (2022). Smart contracts on the Metaverse blockchain are programs that can facilitate the automatic transfer of digital assets.

The metaverse seeks to offer users immersive and personalized 3D experiences by utilizing various relevant technologies. However, ensuring the security of users' digital content and data within the metaverse is a significant concern. Blockchain emerges as a promising solution due to its unique attributes of decentralization, immutability, and transparency.



Blockchain technology can make transactions in crypto exchange, education, and other applications more transparent and precise in the metaverse. Also, the metaverse platform gathers data from a variety of Internet of Things (IoT) devices to ensure that it runs efficiently in several applications of the metaverse such as medicine, and education.




References

Huynh, T. Gadekallu, T. Wang, W. Yenduri, G. Ranaweera, P. Pham, Q. Benevides, D. Liyanage, M. (2023). Blockchain for the metaverse: A Review. https://www.sciencedirect.com/science/article/pii/S0167739X23000493

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