The blockchain-based virtual world that can help usher in the metaverse

One of the essential features of a working metaverse will be the ability to move your avatar and assets seamlessly and instantaneously from world to world. Blockchain may be the thing that makes that possible. And The Sandbox, a world based on the Etherium cryptocurrency, has an approach to perpetual, player-owned tokens that could point the way forward.

“The idea of blockchain in the metaverse is to build a new kind of digital asset, to create based on ownership and governance,” said Arthur Madrid, CEO and co-founder of The Sandbox, in a conversation with Dean Takahashi, Lead Writer at GamesBeat. The panel, dubbed “Blockchain and the Metaverse,” was part of the recent GamesBeat event, Into the Metaverse.