💎What is an ideal metaverse

Travis Scott's concert at Fortnite was just a 10-minute event attended by tens of millions of people around the world. Possibly the only concert to take place during the lockdown, he appears to have jumped from outer space. Is that the metaverse experience? What do we mean by metaverse, and what is the ideal metaverse? We will spend more and more time in the near future finding rent-seeking value extraction platforms like Facebook and others, before handing over the keys to the tech giants who have the resources to build the Metaverse (our digital life), let's see What should the ideal metaverse look like?

We believe that the main technology behind "Metaverse" should be blockchain.

Web3.0 enables digital property ownership on the Internet through NFTs, enabling humans to coordinate with DAOs at scale, and enabling participants to earn through games such as Game+Finance, Social+Finance, earn and create and other incentives to capture the value created. A handful of decentralized games have inherited the founding values ​​of the blockchain industry, namely security, censorship resistance, permissionless access, and decentralization.

However, in addition to governance and transaction management, user experience and fair monetization models are also critical to building a vibrant creator economy. The emerging Metaverse platform has an open-world nature with its own utility token and various lucrative collectibles.

Blockchain enables Metaverse to maintain immutable records of virtual space creation, digital asset ownership transfers, and financial transactions. The result will be an open economy that will maintain transparency and provide a flawless and immersive user experience, with fair compensation for participants for the value they bring to the platform.

The optimal balance between high-quality games and player adoption may have network effects that make Metaverse a self-reinforcing benign economy.