Exploring the Synergy of Blockchain Technology and the Metaverse
Madhuri Yadav, Pushpam Singh, Sukanta Kumar Baral · 2024
The metaverse is a futuristic idea that predicts an effortless synergy of the real world with the digital one, creating an interconnected digital cosmos where people may communicate, work together, and engage in a variety of activities. The idea of the metaverse, a virtual cosmos made up of interconnected virtual worlds, has received a lot of attention lately. As this idea develops, more people are becoming aware of the possibility of integrating blockchain technology to establish a new decentralized economy within the metaverse. Moreover, the chapter offers a thorough analysis of how blockchain integration might enhance metaverse security, privacy, and trust by examining existing literature and technological advancements. This chapter examines how the metaverse and the blockchain interact, focusing on the possibilities and effects of setting up a decentralized economy in this virtual setting.