Connecting individuals and communities together in the metaverse, enabling the creation and
exploration of virtual worlds from any device.
Metatech owned by users to experience incredible scenes and structures. From a space
adventure to a medieval dungeon maze to entire villages crafted from the minds of community
members. Advanced Architecture for Secure, Easy to Create Digital Assets and Digital
Identities.
Commerce on the internet is still taking place using a digital version of traditional fiat
currencies. Blockchain and currencies based on it were developed as a digital-native means
of transacting business in a digital world. Metaverses with their 3D virtual worlds and
immersive services are also seen by some as utilizing blockchain technology as a way to
create permission-less interactions between internet users.
For now, though, the metaverse is largely the realm of the video game industry and other
imaginative start-ups. It's worth noting that turmoil in the crypto space during the first
half of 2022 has also cast a shadow on the metaverse and its viability as a fully fledged
digital economy. Nevertheless, here are four early-stage projects to watch that are bridging
the gap between cryptocurrencies and the metaverse.
Allowing anyone to build smart contracts and deploy them to the Metaverse chain,
using tools like MetaMask, Remix, and Truffle. Smart contracts will be
compatible through the provided support for Solidity as well as for anything
that compiles to EVM bytecode.
Metaverse utilizes the Substrate modular framework for higher scalability, long
term expansion and support to connect decentralized applications, services and
allow other independent blockchains to connect, exchange information and
transactions at a lower cost.
Proof of Work (POW) to dictate block authoring and Grandpa finality. There is no voting or validating committee through Proof of Stake (POS) as the entire network will validate each block. Thus, the system will not only be able to mitigate 51 % attack, but also provide a uniform distribution of mining reward to the stakeholders and investors.