Blockchain and Meta

Blockchain, Meta/ Meta Verse are all words that we more than likely would have come across several times within the last few months! With technology changing and new advances each time we blink, it’s important to be in the know about these happenings.

Have you ever heard of Blockchain Technology?

Simply put, blockchain technology is used to record information about cryptocurrency transactions, NFT ownership or DeFi smart contracts.
By distributing identical copies of a database across an entire network, blockchain makes hacking or cheating the system extremely difficult.

Meta Reiterated

To reiterate (based on previous blogs) Meta is a network of 3D VR (Virtual Reality) worlds focused on social connection. In other words, Meta is an online space where people socialize, work, shop and play as avatars.

The importance of Blockchain in the Metaverse.

1. Security
With Metaverse storing data in exabytes raises the question of safe storage, transmission and synchronization. This is where Blockchain becomes relevant by the decentralization of storage and data processing nodes.

2. Confidentiality
Blockchain in Metaverse increases users’ trust due to the fact that confidential information will not be available to third parties.

3. Transactions
With cryptocurrency being an integral part of the blockchain can act as a properly functioning analog of traditional money; via Metaverse, crypto is an effective way to perform mutual settlements.

In developing and operating in the Metaverse, blockchain has multiple pros.

Meta For You!

Want to find out how you can digitize your business with Meta and Blockchain Technology? Let’s help you! Schedule a FREE consultation to learn how to successfully get your business in the Metaverse and use Blockchain.