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Unexpectedly, we all misunderstood the “metaverse”!

Snow Crash’s author: there is a huge gap between facebook and the vision of the metaverse.

Due to the covid-19, people’s demand for online society, entertainment and work has increased in the past two years, and they are more pursuing the timeliness and authenticity of the Internet. Thus, the concept of metaverse came into being.

The term metaverse was coined in the 1992 science fiction novel Snow Crash, which described a virtual world mapping with the real world.

Roblox CEO David Baszucki proposed the eight features of the metaverse: identity, friends, immersive, low friction, diversification, variety, anywhere, economy, and civility. Roblox is an American game company listed on the New York Stock Exchange in March this year. On the day of listing, its stock price soared 54%, and market value exceeded $40 billion, a 10-fold increase from a year ago. The listing of Roblox has led to an upsurge in the metaverse market, Tech giants led by Facebook being particularly quick.

In June of this year, Facebook founder Zuckerberg said that he would transfer Facebook into a metaverse enterprise within five years. In October, Zuckerberg announced that Facebook officially changed its name to Meta, shifting its focus from social media to Metaverse and VR technology development. According to news on November 18, Meta is directly entering virtual reality, previewing its latest development of tactile gloves, and providing sensory feedback in the digital field.

However, according to CNBC’s news on November 15, Snow Crash’s author Neal Stephenson said: There is a huge gap between what Facebook is actually doing and the metaverse vision they are talking about. They are two totally different things.

So, what should the future metaverse look like?

According to GoodData analysis, Metaverse is the inevitable trend of the future development of the Internet. In the past ten years, blockchain, encryption technology, big data, artificial intelligence and other technologies have gradually matured, and virtual reality and augmented reality have also developed rapidly. Metaverse is like a distributed network that uses big data as the means of production and blockchain as the infrastructure to map the real world to the virtual world.

The most important innovation in distributed networks is actually the confirmation and trading of digital assets. It opens up the link between virtual and real assets, and clarifies the personal property rights of real world or virtual world assets. The GoodData blockchain platform, which helps users obtain returns by confirming the rights of data assets, is a manifestation of practical applications.

GoodData believes that in a distributed network, the personal property rights of data can promote the further development of artificial intelligence, and solve the current data monopoly, information isles, privacy leakage and other issues, releasing the value of data. For example, medical institutions, financial institutions, etc., can obtain the computing rights of user data with authorization and transactions on the GoodData blockchain. Under the premise of privacy computation technology and blockchain, this process will be encrypted and secure.

In addition, the nature of decentralization of blockchain provides a more secure infrastructure for identity management and is applied to digital identities. GoodData combines data and NFT to create Cyborg-Goody, a data NFT. The close integration of NFT and data assets effectively solves the problems of verification and authorization, making asset ownership confirmation and free circulation safer and more efficient.

GoodData believes that the metaverse is not to bring humans to a virtual world separated from the physical world. On the contrary, it is to enrich and facilitate human life through the virtual world. It is a more complete and safer Internet world.

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A next-gen Metaverse-ready, secure decentralized platform that unearths the real value of NFTs via our multi-role NFT “Cyborg-Goody”.

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