The Metaverse and the Potential of Blockchain
Many believe that the Metaverse idea is more than just intertwined and dependent on blockchain. This is absurd to others. It is not necessary to establish or manage asset ownership. If the NBA, Disney, or Valve claimed who owned an image or virtual currency they would be believed by everyone. It is not necessary to transfer money quickly and safely (Alipay or PayPal move billions of dollars per day through purely digital networks). Due to their centralization, blockchains are plagued with many shortcomings, including high "gas" fees, slowness, energy consumption, and costly "gas” fees. These flaws are so severe that nearly all NFT platforms store as many as possible (e.g. These weaknesses are so severe that almost all NFT platforms store as much information as they can (e.g. credit card information, profile photos) in centralized databases rather than on the blockchain. NFTs, on the other hand, rely on fragile "pointers", which could be lost at any