Blockchain has finally become the underlying technology of the new generation

As the Metaverse approaches, the trend of blockchain becoming the underlying technology of the new generation becomes clearer and clearer. Some people may disagree with this. According to their understanding, the so-called Metaverse should be a complex of many technologies, not just a blockchain-based one. Blockchain is also just an ordinary new technology and does not have such a great effect.

We cannot completely deny that they make such judgments based on their own understanding and views of the metaverse. However, if we only see the many technologies attached to the metaverse itself and regard it as a complex of technologies without really finding the leaders among these technologies, then the so-called metaverse era is still chaotic. In my opinion, only after the status of blockchain is established, especially the dominant position of blockchain in the metaverse era, can the development of the metaverse truly enter a new development cycle that truly belongs to it.

This has been proven in Meta. Many people regard Zuckerberg's full support for the Metaverse as a gamble, and simply believe that Zuckerberg is trying to save Facebook's valuation. It would be too simplistic to only look at Meta's in-depth layout in the Metaverse, especially Zuckerberg's determination in the Metaverse, from this perspective. Only by truly placing Zuckerberg's enthusiasm for the Metaverse in his series of layouts for blockchain can we see the key reasons why Meta has established its position in the Metaverse industry.

one

In fact, Meta's real layout of the Metaverse did not start from the Metaverse itself, but from the blockchain. It is precisely because of its long-term layout on the blockchain and its deep understanding of the blockchain that it can lead the way in the Metaverse. Therefore, through Meta's current position in the Metaverse era, we not only see its firm belief in the Metaverse, but also need to see more of its long-term persistence and belief in the blockchain.

If we must find a technology to serve as a footnote for the Metaverse, I think blockchain is definitely the one. Compared with technologies such as big data, cloud computing, the Internet of Things, and virtual reality that are deeply connected to the Metaverse, blockchain is more fundamental and more essential, and only blockchain has the ability to truly connect and bridge other technologies. Therefore, it has become a kind of destiny for blockchain to become the underlying technology of the Metaverse.

Obviously, this is different from people's previous understanding of blockchain. In the past, people thought that blockchain was just an existence deeply bound to digital currency. Without digital currency, blockchain would be worthless. This is where people have had a huge misunderstanding in the early days of blockchain. It is precisely because of this misunderstanding that the development of blockchain has entered a dead end. As a result, blockchain has changed from a bottom-level technology that can truly build a new era to a false concept that everyone hates.

two

However, for blockchain, this may be a good thing. Because only after experiencing such a baptism can people truly understand what blockchain is, what digital currency is, and what is the correct way to embrace blockchain, rather than just blindly following the trend and shouting without the correct way and method to implement and practice blockchain.

Today, people have a more rational understanding of blockchain, and some have begun to realize the role and function that blockchain should play in the new era. Meta is one of them. Sometimes, we can even say that one of the important reasons why Meta has gained such a big lead in the issue of the metaverse is that they have truly found the correct function and role that blockchain should play in the metaverse era.

I believe that the most prominent role of blockchain in the Metaverse era is that it can bridge and connect different technologies, processes and solutions in its own way, and with the power of digital currency, it can truly build a perfect business closed loop, thus forming a new era. It is undeniable that new technologies such as big data, cloud computing, and virtual reality do play a very important role in the Metaverse era, but they only have the ability to play an important role in a certain process and link, but do not have the ability to truly deeply integrate different technologies, processes and links.

three

Blockchain is different. Compared with the limitations of other technologies, what blockchain really wants to achieve is more like a more basic and fundamental existence. It can better connect the bottom layers of other new technologies and truly further stimulate the energy of these new technologies, thereby gaining greater energy.

I think this is the function and role of blockchain at a larger level. For Satoshi Nakamoto, he only saw the role and status of blockchain in the financial system, and only demonstrated this advantage of blockchain in the form of Bitcoin. However, he did not see the fundamental nature of blockchain, especially the huge capacity released after the deep integration of blockchain with different industries and different technologies. Therefore, he actually led blockchain into a dead end.

On the contrary, only those players who truly look at blockchain from a higher dimension and a deeper perspective, and who are looking for the implementation and practice of blockchain, can be said to have truly grasped the essence of blockchain and found a new era created by blockchain - the metaverse.

Therefore, if we review Zuckerberg's actions in developing blockchain and launching Libra from this perspective, and then compare them with Meta's current progress in the metaverse, we will find that Zuckerberg's initial layout of blockchain and exploration of its applications may not have been just for the sake of blockchain itself, but to find ways and methods to better leverage the functions and effects of blockchain.

Similarly, when Zuckerberg finds the true role and positioning of blockchain and truly links blockchain with real business, its functions and effects may be maximized.

Conclusion

The deeper people’s understanding of the metaverse is, the more they will begin to feel the important functions and roles that blockchain plays in it. Similarly, the more people explore the implementation and application of blockchain, the more they will find that what blockchain really opens up for us may not just be a world like Satoshi Nakamoto that cannot make peace with the real world, but a new world that can truly achieve deep integration with the real world and can fundamentally subvert people’s production and lifestyle. This world is the metaverse era that we are all paying attention to now.