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How will blockchain technology power the Metaverse?

James Anders

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Being an expansive and immersive virtual world, the Metaverse is made up of several complex components. Key among which is blockchain technology. A blockchain, which is a decentralized digital ledger, allows data to be distributed across the network, making transactions more secure. Further, transactions are validated by participants who are incentivized for their legitimacy. With the Metaverse’s emphasis on decentralization, blockchain technology is imperative to its development. It also powers key aspects of the Metaverse including NFT gaming marketplaces and decentralized finance.

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