The Metaverse is "shape" and the blockchain is "soul"

Metaverse is a new generation of Internet. There can be more than N technologies for building this "network", but the one that creates internal connections and interactions to form an ecosystem is blockchain.

The Metaverse is a "virtual world". Since it is a world, there must be a set of its own operating logic and rules. The logic and rules of the Metaverse are: co creation, sharing and co governance. As is well known, the basic unit of a world's operation is first an individual, that is, Identity, and then gradually generates organizational groups and various relationships based on this individual; Next is Economy, which is used to build and maintain the operation of the 'world'. Blockchain technology provides the technical framework necessary for the organizational model, governance model and economic model of the Metaverse foundation to solve the identity and economy problems.

Blockchain is one of the six supporting technologies of the Metaverse. The other five are:

1. Internet of Things technology (including operating systems and various sensors, where the operating system is responsible for linking and managing everything in an orderly manner, and various sensors are used to perceive the physical world)

2. Interactive technology (including commonly mentioned AR, VR, MR, holographic imaging technology, etc., augmented reality technology can provide immersive experiences)

3. Electronic game technology (including game engine, 3D modeling, fact rendering and other technologies, which provide digital content and scenes, and can mirror the real world into the virtual world. This also means that we can see many of our virtual avatars in the Metaverse.)

4. Artificial intelligence technology (including intelligent speech, Natural language processing, machine learning, computer vision and other technologies)

5. Network and computing technology (including 5g/6g network, cloud computing, edge computing, providing a low latency, smoother experience for the Metaverse)

The role of blockchain technology in the Metaverse:

Blockchain technologies such as NFT/DoFi, public chain speed, smart contracts, DAO social system, decentralized exchanges, and distributed storage are the most important technologies supporting the Metaverse economic system.

Distributed ledger: ensure that Metaverse users can participate in monitoring the legitimacy of transactions, and can also jointly testify for them.

Smart contract: realize value exchange in the Metaverse and ensure transparent implementation of system rules
Distributed storage: ensure the security of virtual assets and virtual identities of Metaverse users.

Consensus mechanism: the blockchain solves the credit problem by forming a consensus mechanism, uses the decentralized mode to achieve self certification of each node of the network, Alipay, digital currency, etc., to ensure that the transactions of Metaverse users are equal, fair and transparent.

Data transmission and verification mechanism: provide network support for various data transmission and verification of the Metaverse economic system.

Hash algorithm and timestamp technology: provide traceability and confidentiality of underlying data for Metaverse users.

NFT, also known as Non Fungible Tokens, is a digital credential based on blockchain technology for contracts. It has characteristics such as verifiability, uniqueness, indivisibility, and traceability, and can be used to mark the ownership of specific assets.