Goldman Sachs Says Blockchain Is Key to Metaverse and Web 3 Development

Posted on by American Coins & Gold

Goldman Sachs Says Blockchain Is Key to Metaverse and Web 3 Development
Blockchain technology is central to the development of the metaverse and Web 3, Goldman Sachs said in a research report.It is the only technology that can “uniquely identify any virtual object independent of a central authority,” and this ability to identify and track ownership will be crucial to the functioning of the metaverse, analysts led by Rod Hall wrote in a note published on December 14.For Web 3, blockchain allows for the “partial elimination of centralized control,” the note said. In the future users will be able to log in without the need for a third party, such as Meta,…