🪐 Blockchain in the Metaverse
How utilizing blockchain and cryptocurrency plays a role in creating the metaverse
Today's Highlights
- The benefits of utilizing blockchain in the metaverse
- Blockchain jobs - a listing of fresh jobs related to web3/blockchain/crypto.
- In Other News - a few interesting developments we're tracking.
The benefits of utilizing blockchain in the metaverse
The metaverse has been a prevalent concept ever since Meta, formerly known as Facebook, rebranded and unveiled its plans for its metaverse. This immersive digital experience allows users to replace or augment reality with computer simulations. Getting to a place where the metaverse is as immersive and realistic as in famous media, such as Ready Player One, will take a lot of money and trailblazing innovations.
Blockchain concepts such as cryptocurrency and Web3 will help the metaverse achieve that end goal.
The decentralization aspects of blockchain already allow the metaverse to be secure and make sure that users are in control of their data. Ownership of data in the metaverse is vital since user data basically represents the “life” of a digital user. Blockchain also allows the metaverse to access the wider cryptocurrency economy, which makes virtual items actually have real-world economic value.
NFTs also have practical value in the metaverse, as users can use the virtual items they purchase. In addition, blockchain also allows for user-governance which means users can utilize the concept of DAOs to govern their applications by voting on new proposals using governance tokens. This is especially important for the metaverse because entire societies could potentially be formed with robust economies and democratic governments.
Decentral games is a metaverse platform that builds blockchain games that reward players with Crypto. Poker is really popular on the website and users can play it using a VR headset or right through a web browser. Wearable NFTs are prominent on this platform and users can lend their NFTs for passive income. Owning their governance coin, DG, allows users to participate in the website’s DAO and vote on proposals.
The Metaverse is still in its very early stages, but like the internet, it will surely transform into something truly remarkable as developers innovate in the space by utilizing new technologies such as blockchain.
💡 Blockchain Jobs
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CRASTONIC Ltd
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Bitcoin Solutions, Inc.
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Radix DLT
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lemon.io
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In Other News
Lyllah Ledesma, Jimmy He and Omkar Godbole
Prashant Jha