Blockchain and the role of AI meet in the world of the Metaverse

The Term "Metaverse" is a combination of "meta," meaning "virtual, transcendence," and "verse," a backformation from "universe."As technology advances, the number of people who use the AI metaverse and blockchain metaverse grows, as at the same level as reality is performed, various and large amounts of data are generated.

Blockchain technology is required to ensure the reliability of data in the Metaverse, and artificial intelligence is used to secure the Metaverse's diversity and rich content. In this blog, we will discuss how artificial intelligence and blockchain can impact the metaverse positively.

The Virtual world and the desire to create

Humans have been making history, piecing together skills, and displaying culture. Man is a spiritual creature, and only man can create culture. According to Sea-Circle Theory, creativity is interpreted as a component of open-mindedness and spirituality. The metaverse, in the SeaCircle concept, is a space that allows people to be more immersed in creative activities by addressing some spatial and resource constraints.

The Connection between the virtual and real worlds

The virtual and real worlds are being integrated and developed, but Facebook is the one that the average person can most easily experience. An intelligent revolution is taking place as people and things become increasingly connected online and offline. Production and consumption are converging at the same time. Due to limited resources, the results of economies of scale will focus on 20% of the development of core industries in the offline world, which is made up of physical materials. The long-tail effect will have the opportunity to be shared and find a genuine love for the product from 80% of marginalized (non-mainstream) consumers in the online information world.

The Combination of virtual and real in the Metaverse

Political, economic, social, and cultural interactions appear in the metaverse, simulating real-world interactions. Users in the metaverse can freely trade goods and services using the platform's currency and transaction method. This means that virtual tokens can be used to replace real-world currency. The co-creation of games in the virtual world exchanges space with the real world, and an asset exchange is generated.

Data trust in the virtual world

Digital advertising on social platforms is most felt when a part of the virtual world plays a role in leading the real world. The question of whether real things can become reliable and impactful data in a virtual world where trust in technology is crucial One of these trust technologies is blockchain. Blockchain can be defined as a technology that adds trust to individual transactions. A blockchain is made up of data-containing blocks and chains that connect them. It is a blockchain that creates and connects blocks by employing a consensus algorithm. Any network node can generate blocks, but not all generated blocks are connected ; only one block is identified and connected.

One of the blocks is connected to the previous one, and the rest are discarded. Consensus among the participating nodes is required to select a block. Consensus algorithms such as proof-of-work (PoW) and proof-of-stake (PoS) are used as a method of reaching consensus. If all nodes agree that it is the only block, the node that created it will be rewarded with cryptocurrency. This is known as mining, and the blockchain that is only connected to blocks produced by mining is known as the canonical chain. While Blockchain 3.0 is expected to be applied to broader areas of AI, more diverse blockchain and AI applications are likely to emerge in the metaverse environment.

Blockchain for the Metaverse

Trust is a vital issue in the virtual world, particularly when it comes to data reliability. A big question mark in people's minds is whether or not the real world is accurately converted into data in the virtual world. Blockchain is a trust technology that operates as a decentralized, encrypted data store. Users can use blockchain to gain access to digital spaces such as the metaverse. Blockchain is a technology that allows individuals to trust one another during transactions. A blockchain, as the name implies, is made up of various blocks that contain data and a chain that connects them. Only one block, however, is recognized and connected to the previous block.

The blockchain architecture is built around consensus algorithms. Each blockchain has a consensus mechanism that aids the network in making decisions. Some of the key features of blockchain and why it should be a part of the metaverse are improved security, decentralized technology, immutability, and faster settlements. The number of people who use the metaverse will grow as technology advances. This would imply the generation of massive amounts of valuable data in the metaverse. As the amount of data in a metaverse grows, so does its value. As a result, security and dependability are essential. Blockchain technology can ensure the integrity of data in the metaverse. The use of virtual currencies is a visible application of blockchain technology in the metaverse.

Artificial Intelligence in the Metaverse

With the use of AI, prediction is possible through the use of learning and pattern recognition on massive amounts of data. Artificial intelligence is also assisting people and businesses in reducing human errors and monotonous repetitive tasks. The metaverse will contain massive amounts of data generated by AI. Various artificial intelligence (AI) technologies can be used to collect and analyze data, learn from previous data patterns, and develop new creative processes and applications.

AI combined with other technologies such as augmented reality (AR), virtual reality (VR), and blockchain can help improve trust, accountability, privacy, and decision-making.

For example, during a meeting or other event, it is commonly observed that the person with the loudest voice or who is most influential tends to win. AI can be used effectively to rank individuals in a meeting or event based on various parameters such as subject knowledge, expertise, previous history of being right or wrong, and so on. In the metaverse, the use of AI and blockchain can ensure that the best solutions are chosen, and a collaborative approach can be more effective than people who fake it all and believe they know everything.

Blockchain and Artificial intelligence intersect in the Metaverse

Blockchain is vital to the implementation of the Metaverse's economic system. Without blockchain, someone will eventually control the Metaverse economy. It is difficult for resources or goods used in the Metaverse world to be recognized for their value or to have economic interactions equivalent to those in the real economy if the blockchain is not supported. The metaverse was further activated by NFT-based blockchain technology. With the introduction of Web 3.0 and Blockchain 3.0, the Metaverse becomes a reality.

People appear in the Metaverse by scanning themselves in 3D or transforming into avatar characters. Characters in the Metaverse are recognized as real-life clones, not just video game characters. Aside from their own avatars, they create things in the Metaverse to express their uniqueness. And the blockchain's NFT technology is used to demonstrate this.

Reusable Data

Recently, creative activities in the Metaverse have frequently been developed using artificial intelligence rather than real people. When artificial intelligence artists create works, they first learn about the trends and styles of those works and then express what they have learned in their work. Previously, a large amount of data was used for style analysis. Artificial intelligence artists are now storing data in distributed ledgers so that it can be easily selected and reused. Obtaining more data and practicing iteratively reduces the possibility of selecting incorrect data and shortens the validation time.

Stable decentralized network

The Metaverse is a virtual 3D environment that necessitates a significant amount of data and server capacity. Controlling data through a central server, on the other hand, can be expensive. A network system that can use the Metaverse environment with each individual's PC is required to use the blockchain's distributed environment system. The burden of centrally managing vast amounts of data can be reduced when individuals control the Metaverse environment they want to use or view. It may also prevent some large technology companies from gaining a monopoly over the Metaverse environment.

Privacy

There is a need for a system that can govern so that ethical issues do not arise with regard to Metaverse residents. Only publicly accessible information about real and virtual people should be made available. In order to protect one's privacy, a personal information security system should be implemented. However, since digital virtual people lack a legal foundation, they are easier to manipulate or transform than real people, and there is concern that the wrong algorithm may be used, resulting in racial and gender discrimination. Personal information can be securely protected on the blockchain to prevent external attacks.

Differentiating between virtual and real

A device that can distinguish between artificial intelligence and real people is required to create a stable environment in which users are not confused in the metaverse. The fictional characters used in the Metaverse have now advanced to the point where it is difficult for humans to tell the difference between the real and the fake. To inform the comparison and judgment of real and fictional people, a reliable data construction system is required. Data should be transparent and descriptive in order to identify fake news and photos. The content of the data should be stored in a blockchain so that people can accurately know and understand the data generated by AI, as well as any detailed history.

Rich Content

Artificial intelligence analyzes user behavioral patterns in the Metaverse, such as words and messages, to predict the user's personality, intellectual level, and economic level. Metaverse employs artificial intelligence to generate human-like voices and unique content. By inputting simple information, this data can be automatically converted into games, YouTube videos, news articles, advertisements, and lecture materials. Using artificial intelligence technology and the massive amounts of data required for the Metaverse, it is possible to create vast patterns of content that imitate human behavior. Personal information can be safely protected with blockchain, and various types of content can be created more richly.

The Economic virtuous circle

Artificial intelligence can be used in investment and business to make decisions about which data to use. In changing forecasts, it is important to have more reliable data. Through history management, more reliability can be guaranteed when blockchain data is used, increasing the reliability of business predictions. Furthermore, the Metaverse Marketplace can be further activated through the payment of blockchain-based tokens and coins.

In the End,

The Metaverse is a virtual world with limitless possibilities. Its only limitation is the user's imagination. The metaverse is gradually becoming a reality. The metaverse has made its way into our daily lives through everything from games to real-world navigation apps. The metaverse, on the other hand, is still in its early stages of development. Moving forward, it has tremendous scope and potential. According to projections, the Metaverse marketwill be worth $800 million by 2028. Many tech titans have already predicted that the metaverse will be the next big thing in technology.