Category: MetaFi

Role of Blockchain in Metaverse Games: Enhancing Security and Ownership

The gaming industry is undergoing a huge transformation since blockchain is on the rise. One of the prominent applications is metaverse which is a new norm in social networks and 3D virtual worlds and has gained significant attention since Facebook changed its name to Meta in October 2021. This parallel world aims to provide immersive… Continue reading Role of Blockchain in Metaverse Games: Enhancing Security and Ownership

Latest Trends: DeFi, MetaFi, and the Future of Finance in a Virtual World

There are already parallel worlds built with metaverse technology, like immersive malls and cafes on the blockchain. In addition, Starbucks recently introduced the NFT loyalty program in collaboration with the Polygon network. The virtual realm, the metaverse or cyberspace, is a new frontier for innovation and creativity. But, the metaverse is about more than gaming… Continue reading Latest Trends: DeFi, MetaFi, and the Future of Finance in a Virtual World

MetaFi: A Decentralized Finance (DeFi) for Metaverse

MetaFi is the synthesis of two words – Metadata and Defi. Metadata defines ownership of assets. Without Metadata, we cannot track ownership or verify transactions. In addition, Metadata provides details about other information like photos we capture on the phone, show date, and resolution. Just like that, every blockchain transaction has its Metadata. On the… Continue reading MetaFi: A Decentralized Finance (DeFi) for Metaverse