The term metaverse has never been more popular than it is today. The metaverse definition now encompasses several different forms — from the inevitable future of the internet to an infinite office. From hardcore game lovers to tech organizations — everyone seems to want their piece of the pie in the metaverse space.
JP Morgan Chase believes metaverse to be a $1 trillion opportunity. The banking giant recently set up its own office in the Decentraland metaverse. Proponents believe that metaverse will actually connect people, make them feel their presence, no matter how apart we actually are. While that may be true, we are overlooking a major disconnectedness in the metaverse architecture of today.
The disconnect in the metaverse
Before we explain why there is a disconnect in the metaverse, let’s look at the current architecture of the metaverse as a whole.
Several corporations have started to build their own virtual worlds in the overall space. Projects like Decentraland, The Sandbox, Bloktopia can be misinterpreted as the metaverse. However, the entire space is much bigger than that. While these platforms offer an immersive environment to engage and conduct in a digital world, they are only one of the aspects of the metaverse.
The challenge that we face now is that there is a disconnectedness even with the handful of platforms that we have today. Why? Because, as of now, our data is segregated on the individual blockchain networks of each of these platforms. In other words, your data of how you engage in The Sandbox is stored on a different blockchain network than that of Decentraland.
But, the question is, why is that an issue?
Let’s say that you have a bunch of NFTs on your virtual land in The Sandbox. Now, you want to access the same assets on your land in Decentraland. Can you do that? No. Because these NFTs are stored on different blockchain databases, it is not possible for you to access the same assets without taking any manual actions.
Inery connects a disconnected world
So now the issue is clear. Each of these platforms have their own blockchain database on which users can store, manage, and interact with their data. This is leading to each platform behaving as a singular virtual world while the actual space is much broader.
Inery brings a solution where the users’ can store, manage, and access data from a singular database. It offers decentralized database management for users to access their data asset and use it across a multitude of platforms.
Let’s understand this better with an analogy of how we access applications today. Whenever you sign-up for an online food delivery application or a media services platform, you are asked if you want to sign up using your existing Gmail or Facebook account. This is not only simple but you can also have your data in one place. This is what we are trying to bring to the metaverse except with Inery you are the owner of your data.
Inery has the potential to change the dynamics of metaverse from a platform-specific approach to the interoperability and portability of assets and content between different platforms.
This would directly provide a more holistic approach to data and metadata leading to a more expanded ecosystem. Moreover, this will also open up opportunities for metaverse to be accessible to as many people as possible.
While there is a great deal of excitement about the metaverse, there is a considerable amount of work that needs to be done to have a thriving and open metaverse ecosystem. And Inery is bringing these fundamental considerations to offer the benefits and opportunities of a virtual world to its maximum impact.
Inery is the first-ever decentralized database management and blockchain solution with the vision to enable a new paradigm for data. The platform activates an upgradeable way of accessing data by combining blockchain technology functionalities such as immutability, security and user-controlled data assets with distributed database management properties such as low latency and complex queries. Its layer-1 blockchain enables cross-chain interoperability, scalability and an environmentally sustainable network to support the deployment of decentralized applications.
1 year ago
Meet the Team Leading Inery
A look at the people putting their efforts to ensure the successful development of the project. ...READ MORE
1 year ago
Our Vision for Enterprises: Bringing To Them What They Really Need
IneryDB features allow fulfilling the enterprise’s needs to manage specialized databases. ...READ MORE
1 year ago
Advisor Spotlight — Stefan Oksner
A business development expert representing investors of the Middle East in Ukraine ...READ MORE
10 months ago
The True Cost of Centralized Database Management
The faults of centralized database management harm companies and consumers every day. Click here to see how—and how to avoid the cost. ...READ MORE
Most popular today