Blockchain’s role in promoting the Metaverse development of DailyCoin

The meta-verse captured the audience’s imagination long before it became a technological possibility at all. A fascinating opportunity to merge our lives in the real world with the immersive virtual reality has long fascinated technology enthusiasts. Nowadays, the dream has become a real possibility, and the key technology that allowed it was blockchain.

Recently launched Swiss metaverse DecentWorld, gained global attention by enabling users to collect digital copies of real streets such as NFTs and generate returns by putting them together for collections. By recreating the world in the digital realm, the project’s team aims to create an immersive user experience where users can generate long-term value and benefit from their digital real estate assets.

The importance of digital identity

Blockchain is an integral part of the metaverse because it enables users to protect their digital assets in virtual reality, giving them digital proof of ownership. The creative team behind the DecentWorld platform believes that blockchain will be the foundation on which the most innovative technological solutions will be built in the near future.

DecentWorld, owned by Swiss Asset Management AG, is part of the broader Swiss fintech product ecosystem. The platform’s creative team had worked with digital identity solutions before launching the meta-verse, and the question of ownership of one’s data became a meaningful starting point for them to build around.

In the real world, everybody has an identity that does not change, even when they move between countries. But in the digital world, moving between platforms means losing your identity and building a new profile from scratch. Furthermore, in web2 users do not own their data, instead the big technology companies control them.

«Imagine your profile on Instagram, where you have many followers and a social status. If Instagram for some reason decided to exclude you – they could do so because you technically do not own that profile. Instagram owns it. The same can happen on Twitter (NYSE :), and gaming platforms. If you play a game, you do not own your profile; it is always the company that owns the property and all its attributes, ”explains the DecentWorld team.

This approach has been completely reinvented by web3 solutions and blockchain, which enables both interoperability and ownership of data and identity. Moveover, blockchain can operate without the need for a central government, and cryptocurrencies can create internal digital economies. Together, this becomes especially important to form the basis of metaverse environments.

“Every metaverse is just an environment. As an individual using the metaverse platform, you must be guaranteed the ability to be completely independent and own your data. Even if the platform or network goes down, you should have the ability to keep all your data. “To create such a digital environment, we need a technology that allows users to keep unique digital assets. Blockchain technology is just that,” the DecentWorld team emphasizes.

Challenges of creating a metaverse

The worldwide development and introduction of blockchain technology and other innovations made the idea of ​​metaverse possible. But since it is still in its early stages of development, the innovative technology still has many challenges ahead. The DecentWorld team notes that hardware is likely to be the most challenging aspect of meta-creation.

“There has been a lot of development – Meta invests a lot in Oculus. We have the HTC Vive Pro line, but still these are pretty big headsets. We now have forward-facing cameras that enable augmented reality, but they are still devices you only put on for a limited period of time. Through these devices a person can not live in the metaverse. It would only be possible for a short time. So for the meta-verse to take off, I think we need smart glasses, the team explains.

According to DecentWorld creators, the meta-verse can currently be experienced through laptops and smartphones, but the future of the meta-verse lies in completely immersive experiences in virtual worlds, and to reach that point, more advanced hardware must continue to be developed.

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