Metaverse Public Chain: Value, Current Status and Development Trends

The Metaverse public chain, as an important infrastructure within the Metaverse technology ecosystem, provides a key development and user experience platform for NFTs, GameFi, and Metaverse projects. Currently, the Metaverse as a whole is still in its early development stage, and the demand for infrastructure is extremely urgent, including aspects such as data storage and distribution, 3D technology, payment methods, and identity authentication. These demands are driving the vigorous development of the Metaverse public chain.

The Metaverse industry can be divided into five layers: infrastructure, digital foundation, development tools, basic ecology, and user end. Among them, the Metaverse public chain mainly involves the three aspects of digital foundation, development tools, and basic ecology. In the digital foundation layer, blockchain technology is the underlying support for all decentralized Metaverse projects. In the development tools layer, the Metaverse public chain provides developers with key tools such as 3D engines, VR/AR, etc. In the basic ecology layer, the Metaverse public chain offers a smart contract platform to assist in building various Metaverse applications.

Currently, the market value of decentralized Metaverse projects has surpassed 10 billion USD, accounting for 1.1% of the entire cryptocurrency market. The Metaverse public chains mainly include two categories: decentralized rendering networks and gaming public chains. Decentralized rendering networks integrate idle GPU resources from around the world, providing distributed rendering capabilities for the Metaverse. Gaming public chains are specifically tailored for NFTs and blockchain games, offering a high-performance, low-cost operating environment.

In terms of technology, the Metaverse public chain is actively integrating cutting-edge technologies such as edge computing, artificial intelligence, and NFTs. Edge computing can reduce network latency, AI technology makes virtual avatars more realistic, and NFT technology allows for asset rights confirmation in the Metaverse. At the same time, the Metaverse public chain is also continuously enhancing its compatibility with mainstream public chains like Ethereum, and improving scalability through technologies like Layer 2.

Overall, the Metaverse public chain is still in its early development stages, and the main task at present is to build the decentralized backend infrastructure of the Metaverse. In the future, the Metaverse public chain will also need to further enhance scalability and strengthen integration with technologies such as VR, AR, and AI to provide users with a better Metaverse experience. As the infrastructure continues to improve, the Metaverse is expected to usher in large-scale application implementation.