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IMPORTANCE OF BLOCKCHAIN FOR A METAVERSE TO EXIST
You may see the metaverse as a collection of interconnected virtual worlds, similar to the internet but accessible through virtual reality. This is mainly right, but the metaverse also has a key, albeit a little mysterious, aspect that will distinguish it from today’s internet: the blockchain.
Web 1.0 was the information superhighway of connected computers and servers that you could search, explore, and inhabit. Usually through the platform of a centralized firm — for example, AOL, Yahoo, Microsoft, and Google. Web 2.0 was defined by social networking sites, blogging, and monetizing user data for advertising by centralized gatekeepers to “free” social media platforms like Facebook, Snapchat, Twitter, and TikTok around the turn of the millennium.
Owning Assets
Blockchain is a technology that creates a permanent record of transactions, usually in a decentralized and public ledger. The most well-known blockchain-based cryptocurrency is Bitcoin. When you buy bitcoin, for example, the transaction is recorded on the Bitcoin…
