Three Pillars of Metaverse Public Blockchain

Metaverse public blockchian features smart assets, digital identities and oracles. Smart assets initially appeared in the Ethereum smart contracts. In Ethereum, smart contracts are the carrier of digital assets. Similarly, the variety of digital assets enrich the ecosystem of smart contracts in Ethereum, therefore making the two sides complementary. On Metaverse, we realize that smart assets are indispensable for the ecosystem of the whole public blockchain. Different from the structure of Ethereum smart contracts, Metaverse blockchain is in accordance with the UTXO model of bitcoin, which is the expenditure structure of unspent transactions, or a consecutive chain structure of token spending. Output of each transaction contains an existing UTXO with a private-key signature by current assets holders. The existing UTXO then sends instructions to new asset holders, forming a new structure of UTXO. This design was the key to bitcoins’ stable development without a decentralized platform.

Metaverse forms a more advantageous asset ecosystem by integrating smart assets and UTXO. In the world we live in, each physical object has its corresponding owner. Similarly, smart assets require corresponding owners. When physical assets are transferred to smart assets, the physical identities are transferred to corresponding digital identities. Metaverse will ensure privacy of digital identities by implementing blockchain technologies such as zero-knowledge proof. Some of the specific information can be made public with the full agreement of owners. These digital identities could either be human beings, artificial intelligence or a specific organization. A smart asset could belong to several different digital identities at the same time.