Blockchain will become the foundation of the metaverse as the technology allows users to securely own digital assets by moving them between different platforms. Writes about it Business Insider citing a Goldman Sachs policy note.
Investment bank experts have called blockchain “one of the most disruptive technological trends” since the advent of the Internet. In their opinion, the distributed ledger will form the basis of the metaverse, since it allows you to eliminate the central intermediary.
“We believe the metaverse is likely to be an amalgamation of various 3D spaces that users regularly move between. If goods or services fail to follow their beneficiaries, their value will be more limited, ”the analysts explained.
According to Goldman Sachs, blockchain is the only technology that can uniquely identify any virtual object, regardless of the central operator.
“This ability to identify objects and then track property rights will be critical to the functioning of the metaverse when it finally materializes,” the report says.
In general, analysts expressed optimism about the future of blockchain technology, but stressed that it is too early to build any investment strategies around it.
Recall that Bank of America called the metaverse a “huge opportunity” for the cryptoindustry.