Could blockchain be woven into the Metaverse?

The promise of weaving the blockchain into the metaverse is that it would allow for decentralization. Items bought in one place could move with you into another experience, or be sold on a third party marketplace. What you own would be yours, and not trapped inside of the walled garden created by a specific company or brand.

What is the Metaverse and how does it work?

You may think the metaverse will be a bunch of interconnected virtual spaces – the world wide web but accessed through virtual reality. This is largely correct, but there is also a fundamental but slightly more cryptic side to the metaverse that will set it apart from today’s internet: the blockchain.

How can blockchain improve data quality in the Metaverse?

The creation of the objects in the metaverse relies highly on the quality of data shared by the users from the real world. Blockchain, provides complete audit trails of transactions, allowing individuals and organizations to validate all transactions , . This will increase the data quality in the metaverse.

What is IoT-enabled blockchain?

In the metaverse, IoT-enabled blockchain enables the storage of data in real-time. All stakeholders can rely on the data and take action promptly and efficiently because of immutable blockchain transactions .