Which applications are necessary for a decentralized metaverse?

A decentralized metaverse requires various applications to ensure its successful operation. Firstly, an application that facilitates decentralized communication and collaboration between users is essential. This allows for social interactions, transactions and commerce to happen in a safe, transparent and decentralized environment. Additionally, an identity management application is necessary to ensure security and privacy of users' personal data. Metaverse-specific applications such as a virtual world-building engine and virtual asset creation tools are integral for creating and customizing the metaverse. Furthermore, decentralized payment systems are required to allow users to pay for goods and services and facilitate commerce within the metaverse. Lastly, a governance application is necessary to ensure the metaverse is decentralized and operates transparently, whereby decentralization can be protected from centralization.

This mind map was published on 19 May 2023 and has been viewed 87 times.