Metaverse
The term “Metaverse” is a combination of ‘meta’ meaning ‘virtual, transcendence’ and ‘verse’ a backformation from ‘universe’. To talk in very simple terms, it is a combination of multiple elements of technology, including virtual reality, augmented reality and video where users “live” within a digital universe. What can you do with Metaverse? Things like go to a virtual concert, take a trip online, view or create artwork and try on or buy digital clothing. The metaverse also could be a game-changer for the work-from-home shift amid the coronavirus pandemic. According to Microsoft, the idea of Metaverse is that people will be able to do almost anything in the metaverse; go shopping, attend school, participate in work meetings.
If we talk about the industrial revolutions, the first and second aimed at maximizing efficiency through labour, so production of materials and their consumption was separated. In the third, data was an important commodity and offline transactions were being replaced by online transactions. The fourth industrial revolution is different from the previous three in that it’s the first to take place at a time when there is already an established “online” and “offline” distinction. The result of this is that the offline and online worlds are becoming more intertwined than ever before, resulting in new challenges and opportunities.
The Metaverse is a three-dimensional virtual space where social and economic activities are commonly used just like the real world. NFT plays a role of mediating interaction and proving private property within the Metaverse world. Before getting into details, lets look at how AI and blockchain are entwined.
Artificial Intelligence and Blockchain
Artificial intelligence is reaching a stage where prediction and creation are possible through pattern recognition and learning using large amounts of data. And artificial intelligence is helping people to reduce repetitive tasks and human errors. Blockchain technology has deeply entered our society as a digital asset and is developing into a safe and reliable transaction through decentralization. Artificial intelligence is the core of the Forth industrial revolution, and it can be integrated with blockchain technology to make both artificial intelligence and blockchain more powerful.
AI for Blockchain
AI for Blockchain: though blockchain’s integrity is maintained, the integrity of the apps built on top of blockchain platform is not, like when an error is found and needs to be corrected, the
irreversibility of blockchain can stand in the way. The case of hacking tens of millions of dollars in crypto currencies using vulnerabilities in smart contract algorithms reminds us of the need for agents that can immediately compensate for imperfect algorithms. In such cases, machine learning systems of artificial intelligence can improve the security of blockchain applications, adjust dynamic parameters for scalability, and provide effective personalization and governance mechanisms.
Artificial intelligence can provide customized services to individuals without violating personal information. Artificial intelligence can perform analysis on the user’s local device and not perform analysis that is not permitted in advance. Artificial intelligence can realize decentralization so that real individuals have control over personal information. The combination of blockchain and artificial intelligence can help enable trusted digital analysis and decision-making on vast amounts of data. And it can be used to create secure data sharing and make artificial intelligence explainable, as well as regulating trust between devices that cannot trust each other.
Blockchain plays an important role in implementing the economic system in Metaverse. The economy of Metaverse without blockchain will eventually be controlled by someone. If the blockchain is not supported, 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 the real economy. NFT-based blockchain technology further activated the Metaverse. With the advent of WEB 3.0 and Blockchain 3.0, Metaverse becomes the world to realize it.
To sum up, it can be said that in the Metaverse, various and large amounts of secondary and tertiary data are generated due to the activities of many users. In the blockchain-based Metaverse, this data has a unique identification tag and is used as traceable data. Such data is becoming a good material for artificial intelligence in the Metaverse. Metaverse uses artificial intelligence and blockchain technology to create a digital virtual world where you can safely and freely engage in social and economic activities that transcend the limits of the real world, and the application of these latest technologies will be accelerated.
Artificial intelligence and blockchain technology are expected to play an essential role in the ever-expanding world of the Metaverse.
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