Cryptocurrency And Blockchain: The Foundation For The Metaverse

1 yr
6 Min Read
1208 words

We hear a lot of discussion if cryptocurrency is real and whether it will be a passing fad. Many talked in the past about the potential of blockchain yet not what cryptocurrency does. Sorry, but the two are linked in a basic way that is going to be proven going forward.


The concept of the Metaverse is suddenly garnering a great deal of attention. This is something that many are projected to be the "next Internet".

As with any concept, the projections as well as definitions can vary. So the challenge is to understand what someone means when they refer to the Metaverse. There are also different timelines to consider.

For example, some discuss the Metaverse as a present situation. While there are some pieces starting to form, it is not likely we have it at this stage. The same could be true by the middle of this decade.

The most probably scenario is that the Metaverse will take a few decades to unfold. At the core of this is computater processing and communication networks.

Here is where blockchain could enter the picture.

Virtual Worlds

Many know about the discussions about Virtual Worlds. The Metaverse is going to be a place, ultimately, where it is impossible to distinguish between what is "real" as opposed to virtual.

Over the last 30 years, we saw incredible advancements in computer resolution as well as speed of transmission. The progress in communication systems allowed for the develop of online gaming with low latency.

We also saw increased capabilities of both cloud systems as well as the gaming units themselves. Add in different hardware and software configurations and the industry saw a massive shift forward.

Unfortunately, there seems to be a barrier we are coming upon. While the industry will get passed it, there are many approaches being discussed. At this time, there is no clear cut answer.

The issue is that virtual worlds are going to require a lot of computational power as well as reducing the latency way down. Many question whether we can go much further with the present configurations.

While some applications can get by with high latency, such as a conference call, many cannot. A game, for example, might see the difference of 10ms determining life or death. This has huge consequences with a #Play2Earn situation.

Ultimately, for us to create virtual world that are experiential to the degree that we see in real life, it is going to require a great deal more advancement than what we have now.

Edge Computing

Edge computing is something that many feel is part of the solution. Instead of relying solely on massive server farms, we can utilize the power of computing that is out there.

Again, we see debates about how this can be achieved. Apple™, as an example, believes that putting more power in the IPhone is the path to getting the computation that is required.

This concept would address the two major issues of computation and latency.

Here is where blockchain and cryptocurrency are so fundamental. It is a concept that the SpkNetwork is looking at utilizing.

Essentially what we are referring to is decentralized computing. Instead of going massive, we go small but with many. This resolves some of the latency problem if the power is coming from relatively close by.

We also see the availability of unused processing. Since there is such a great need for it, why not access what is out there. Today, there are billions of devices around the world. In a decade, this number could grow to hundreds of billions.

As more items have processors put in them, we can utilize this excess processing capability for powering the Metaverse.

Blockchain and Cryptocurrency

Why would anyone do this? While there are a few who like to do things for altruistic reasons, the reality is most will not simply want to offer up computational power for nothing.

Here is where blockchain and cryptocurrency enter the picture. Through these technologies, we have the ability to incentivize people to offer up their excess processing. This could go a long way to resolving these issues.

Can this be a pathway to an unlimited number of players in a game or fans at a concert? Some believe that is the case.

We already saw some efforts in this areas with [email protected] and [email protected] Both of these are distributed computing platforms that utilized processing power from all over the world.

The key is developing a marketplace for processing power. While some will offer it up for good causes, the Metaverse might be powered by billions of devices that are rewarded for the processing they conduct.

What we are looking at is a time where a device that is on you is able to perform tasks for the network (and those around you) while you are just going about your day. For doing this, tokens will be earned in exchange for the processing power.

Of course, consider that it is likely in the future you processors in your clothes, shoes, glasses, and whatever else people will think up. Couple this with all the devices in your home and we can see how this will really increase the processing power that is available.

An Entirely New Economy

As we can see, this will serve as an entirely new economic foundation. Automated money making will be in the hands of everyone. Since each person on the planet will have multiple processors, they can be earning 24/7. Anytime additional processing is needed, especially locally, tokens rewards will be received.

What we are dealing with here is not likely optional. This is going to be a part of the foundation of the Internet. We will not depend solely upon large corporations with massive server farms to provide the bulk of the processing. There is simply no way to reduce the latency across the entire planet utilizing such as approach, at least according to many.

The goal is to get as much processing localized as possible. Since there is already computational power not being utilized, this will serve as a mecca to tap into.

We see this idea already forming with the road map of the SpkNetwork which is being developed by the team behind @threespeak. Their plan is to construct a *distributed storage network" which utilizes the excess space on computers all over the world. For this service, participants will be rewarded in tokens.

It will form the basis of the platforms developed.

What we are seeing now are the building blocks for the Metaverse. This is going to take decades to unfold fully. However, it is important to note that all of this is part of a much bigger expansion. It is easy to look at blockchain and cryptocurrency is isolation. Yet, when we take within the context of the larger picture, we see where these technologies are an important part of the next generation Internet.

When framed this way, we can see how the views of many in the establishment are simply laughable. This is much bigger than they can imagine.

If you found this article informative, please give an upvote and rehive.

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A game, for example, might see the difference of 10ms determining life or death. This has huge consequences with a #Play2Earn situation.

Turn based games have a huge advantage here. They'll be the 1st to rule over crypto. Splinterlands is like a 1 turn game. You submit your team. Opponent submit there's. Results plays out. When investing we need to check if the claims are plausible. So far blockchain isn't very good for anything low latency. We'll need to wait for infrastructure to improve.


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Learn more about $PIZZA Token at (5/10)


So far blockchain isn't very good for anything low latency.

Very true. It is going to take a lot of development to get there.

We can only watch the process unfold.

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This will help to increase and lift many people from suffering, if they will see the need. All those things are what can increase and lift people from poverty.

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The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at


@taskmaster4450 I am still struggling to understand what is
Metaverse can you give me some information about Metaverse in simple words which ma help me to understand it

Yesterday I also visited website but I am not able to find information about tokens sale, I mean when or where we can purchase tokens offers by


No token sale for Spk. It is a claimdrop, 1 for 1 based upon your Hive holdings. For each Hive, you will get on LARYNX (the miner token). This will produce SPEAK tokens.

The Metaverse is the concept that we are going to operate in a combination real and virtual world. It will be gaming on steroids yet also incorporate all other aspects of online activity. It will use VR and AR as well as avatars.

Think Ready Player One but extrapolated out even further.

That is the idea people have.

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@taskmaster4450le thanks for clarification its really help me as well as other people who read this comment

When LARYAN airdrop starts I mean any date of screenshot or airdrop announced by


They will announce it ahead of time when the screenshot will be.

In the mean time, load up on Hive.

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Good it means we have more time for it

I am trying my best to load my bags with Hive, Leo and pob


I love the idea of blockchain and cryptocurrency fueling the virtual world. Imagine a huge game like pokemon GO integrating some kind of crypto rewards system for exploring the Metaverse. Fold is launching something very soon where you explore the real world and find Satoshis so that should be interesting. We'll see!


There are going to be millions of different projects forming that all feed into what we are discussing. A lot of it will end up moving to blockchain. It is hard to see this stopping anytime soon.

A lot going on within the gaming world, as an example, that is pushing things forward.

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This will help a lot in making the world a small village
If the internet made the world a city, it would make it a smaller village
With the rapid convergence of data transmission, perhaps this will reduce travel with a virtual reality in which we live with the most remote people in the world

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I think we are to an extent seeing virtual worlds with MMORPGs like WOW and FFXIV. If we can extend this to VR and blockchain, we can definitely see more of this. I wonder how long it will take so we see almost no latency in our connections for VR games.

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in what ways could IPFS be utilized to lessen the load per device? There are a couple projects that are working with the concept of an internet bandwidth marketplace - mining included.

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