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Will the Metaverse Really Be Realized?

In March of this year, Roblox, a game company, was listed on the New York Stock Exchange and became the “first stock of Metaverse .” Subsequently, Internet giants have started to step into Metaverse one after another. When many people didn’t even understand the concept of a Metaverse, the Metaverse-themed movie “Free Guy” was released, and the topic of Metaverse instantly boomed in the whole network.

The Metaverse is completely out of the circle. Some people think that the Metaverse is just a concept hyped by capital, while others think that the Metaverse will be the ultimate form of future digital society. If future digital society belongs to the Metaverse, what do we need to support such a huge digital world?

The Metaverse refers to a parallel digital world separated from the physical world, which is created by people and operates on it in digital form. Everyone who enters the Metaverse will form a data file, and, with the generation of social activities, the data will continue to grow, so as to form a big data network.

It is certain that once the Metaverse is developed and applied, huge data will be generated, which will bring great data processing pressure to the real world. Therefore, to realize the application of the Metaverse, data storage will be an inevitable challenge.

At present, the most suitable data storage tool for Metaverse is undoubtedly distributed storage. Compared with the centralized management of traditional application platforms, the Metaverse network is deployed on the blockchain and uses distributed storage to process data. All data is maintained and managed by each node, reducing the risk of data loss, tampering, or data leakage caused by centralized storage, and effectively utilizing idle storage resources, meeting the high requirements of the Metaverse for massive data storage.

For example, the GDFS (GoodData File System), which is based on distributed storage, combines blockchain technology with IPFS. Through multiple data backups, storage resources are allocated nearby to ensure the reliability, availability and durability of data storage. As a community driven decentralized system, GDFS has set up a perfect incentive mechanism to reward storage providers,punish fraudulent entities, and effectively coordinate the division of labor among storage users, storage resource providers, metadata managers and coordinators.

In the Metaverse, digital transactions will also be an important economic model. Paintings, music, movies, novels and other modes of trading NFTs will be very common. In addition, in the Metaverse data will also return to data producers as personal assets. In the protection of data privacy, this step often needs to be supported by privacy computing technology. At present, common privacy computing technologies include secure multi-party computation, federated learning, differential privacy, etc. \Some privacy computation projects have been implemented, such as the GoodData blockchain. The GoodData blockchain is a blockchain platform engaged in data security, data sharing and data capitalization. At present, the main function of GoodData is to encourage users to share data in the Metaverse (such as sleep) on the platform to assist medical and other research institutions studying major health problems such as insomnia through data. Users can continuously obtain token benefits by sharing sleep data as data owners.

Although the Metaverse is not yet mature and needs the cooperation and support of advanced blockchain, we fully believe that the formation of the Metaverse will be a complete Internet reform and an innovation in data ownership.

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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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