Society is moving towards a new form of digital ownership with a larger economy and blockchain-based metaversions. The concept of the “metaverse” is usually depicted as augmented reality based on the virtual world. Most of them recognize this concept because it is present in many fantasy films of the dystopian decades, such as Ready, The Player, One, Minority Report, and Avatar. However, the concept quickly caught on in the tech industry, making it more viable than ever.
Many people see metavis as a natural progression of what happens after what people already do on social media. Industry experts believe that people are already looking for new places to interact with each other, virtual likes, and recognition. Others, however, see the metaverse as an opportunity to live a more childish life in an environment free from the boundaries of today’s social structure.
There is currently no clear definition of the metaverse, although the developers agree on as many attributes as needed. While many representations of the metaverse are heavily geared towards games and entertainment, technical experts suggest that the concept of the metaverse should include much more. Other attributes are critical, including complete economy and outstanding compatibility so that users can move avatars and merchandise from one place to another, regardless of who is “in charge of a particular part of the metaverse.”
Unfortunately, before metavers became a reality, several questions arose about what compatibility would be required. Some believe that the metaverse will require a single operator, while others believe that a decentralized platform with high participation will be required.
While some controversy still exists here, the fact remains true: the number of different blockchains has created a complex ecosystem that needs to be addressed before the metaverse emerges.
As new use cases become more prevalent, more and more blockchains are emerging to meet each specific set of needs. While many threads have solved the problems you identified, many solutions have increased the number of lost threads. The biggest concern is that the data stored in a row is limited to the row or rows on which it was created.
In practice, this means that users cannot even exchange Bitcoin (BTC) for Ethereum (ETH) without going through a central exchange. It is also not possible to send a token like USDT from the Ethereum blockchain to Binance Smart Chain (BNB) even if both chains support the token. The same applies to all digital assets represented by a non-fungible token (NFT).
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Thus, given the current world of blockchains, no one will be able to take full advantage of ledger technology unless users choose to participate in multiple chains. In addition, the lack of interconnection has become an additional obstacle for new users who have to spend time learning new and already complex technologies.
For the blockchain, this means that the pressure on cross-chain technology has grown in response to concerns about reducing the fragmentation of NFT platforms and markets. Tech companies continue to push for interoperability. However, players may already be living in a world where NFT can be traded with anyone, no matter what blockchain they are using.
Achieve cross-chain compatibility
Evolution Land provides potential NFT interoperability solutions such as DeFi (decentralized finance) and NFT games on chains operated by the Darwinia Network. According to the Evolution Land development team, “The multithreaded world of Web 3.0 has yet to emerge, but Evolution Land created it in Metaverse.” However, the game will also act as a multi-chain NFT portal with support for multi-chain NFTs like Crypto Kitties and Polka Pets.
The game can be described as cross-chain, business game and virtual simulation. In it, users can buy and sell real estate, manage their space, grow crops and build buildings, collect and sell NFTs, and hire others to help mine goods on their lands across 26 continents, each of which is a separate blockchain. There are currently five continents, including one on Ethereum known as the Continent of Atlantis and one built on the Throne (TRX). Players must adhere to management standards, including the business tax rate. However, it is up to the players themselves.