Blockchain meets metaverse and digital asset management: a comprehensive survey

Envisioned to be the next-generation Internet, the metaverse has been attracting enormous attention from both the academia and industry. The metaverse can be viewed as a 3D immersive virtual world, where people use Augmented/Virtual Reality (AR/VR) devices to access and interact with others through...

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Main Authors: Truong, Vu Tuan, Le, Long Bao, Niyato, Dusit
Other Authors: School of Computer Science and Engineering
Format: Article
Language:English
Published: 2023
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Online Access:https://hdl.handle.net/10356/169641
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-1696412023-07-28T15:35:51Z Blockchain meets metaverse and digital asset management: a comprehensive survey Truong, Vu Tuan Le, Long Bao Niyato, Dusit School of Computer Science and Engineering Engineering::Computer science and engineering Metaverse Blockchain Envisioned to be the next-generation Internet, the metaverse has been attracting enormous attention from both the academia and industry. The metaverse can be viewed as a 3D immersive virtual world, where people use Augmented/Virtual Reality (AR/VR) devices to access and interact with others through digital avatars. While early versions of the metaverse exist in several Massively Multiplayer Online (MMO) games, the full-flesh metaverse is expected to be more complex and enabled by various advanced technologies. Blockchain is one of the crucial technologies that could revolutionize the metaverse to become a decentralized and democratic virtual society with its own economic and governance system. Realizing the importance of blockchain for the metaverse, our goal in this paper is to provide a comprehensive survey that clarifies the role of blockchain in the metaverse including in-depth analysis of digital asset management. To this end, we discuss how blockchain can enable the metaverse from different perspectives, ranging from user applications to virtual services and the blockchain-enabled economic system. Furthermore, we describe how blockchain can shape the metaverse from the system perspective, including various solutions for the decentralized governance system and data management. The potential of blockchain for security and privacy aspects of the metaverse infrastructure is also figured out, while a full flow of blockchain-based digital asset management for the metaverse is investigated. Finally, we discuss a wide range of open challenges of the blockchain-empowered metaverse. Info-communications Media Development Authority (IMDA) National Research Foundation (NRF) Published version The work of Vu Tuan Truong and Long Bao Le was supported in part by the Innovation for Defence Excellence and Security (IDEaS) Program from the Department of National Defence (DND) under Grant MN3-005. The work of Dusit Niyato was supported in part by the National Research Foundation (NRF), Singapore, and Infocomm Media Development Authority under the Future Communications Research Development Programme (FCP) under Grant FCP-NTU-RG-2022-010; and in part by the DSO National Laboratories under the AI Singapore Programme (AISG Award No: AISG2-RP-2020-019), under Energy Research Test-Bed and Industry Partnership Funding Initiative, part of the Energy Grid (EG) 2.0 programme, and under DesCartes and the Campus for Research Excellence and Technological Enterprise (CREATE) programme. 2023-07-27T06:37:39Z 2023-07-27T06:37:39Z 2023 Journal Article Truong, V. T., Le, L. B. & Niyato, D. (2023). Blockchain meets metaverse and digital asset management: a comprehensive survey. IEEE Access, 11, 26258-26288. https://dx.doi.org/10.1109/ACCESS.2023.3257029 2169-3536 https://hdl.handle.net/10356/169641 10.1109/ACCESS.2023.3257029 2-s2.0-85151325134 11 26258 26288 en FCP-NTU-RG-2022-010 AISG2-RP-2020-019 IEEE Access © 2023 The Author(s). Published by IEEE. This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. For more information, see https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic Engineering::Computer science and engineering
Metaverse
Blockchain
spellingShingle Engineering::Computer science and engineering
Metaverse
Blockchain
Truong, Vu Tuan
Le, Long Bao
Niyato, Dusit
Blockchain meets metaverse and digital asset management: a comprehensive survey
description Envisioned to be the next-generation Internet, the metaverse has been attracting enormous attention from both the academia and industry. The metaverse can be viewed as a 3D immersive virtual world, where people use Augmented/Virtual Reality (AR/VR) devices to access and interact with others through digital avatars. While early versions of the metaverse exist in several Massively Multiplayer Online (MMO) games, the full-flesh metaverse is expected to be more complex and enabled by various advanced technologies. Blockchain is one of the crucial technologies that could revolutionize the metaverse to become a decentralized and democratic virtual society with its own economic and governance system. Realizing the importance of blockchain for the metaverse, our goal in this paper is to provide a comprehensive survey that clarifies the role of blockchain in the metaverse including in-depth analysis of digital asset management. To this end, we discuss how blockchain can enable the metaverse from different perspectives, ranging from user applications to virtual services and the blockchain-enabled economic system. Furthermore, we describe how blockchain can shape the metaverse from the system perspective, including various solutions for the decentralized governance system and data management. The potential of blockchain for security and privacy aspects of the metaverse infrastructure is also figured out, while a full flow of blockchain-based digital asset management for the metaverse is investigated. Finally, we discuss a wide range of open challenges of the blockchain-empowered metaverse.
author2 School of Computer Science and Engineering
author_facet School of Computer Science and Engineering
Truong, Vu Tuan
Le, Long Bao
Niyato, Dusit
format Article
author Truong, Vu Tuan
Le, Long Bao
Niyato, Dusit
author_sort Truong, Vu Tuan
title Blockchain meets metaverse and digital asset management: a comprehensive survey
title_short Blockchain meets metaverse and digital asset management: a comprehensive survey
title_full Blockchain meets metaverse and digital asset management: a comprehensive survey
title_fullStr Blockchain meets metaverse and digital asset management: a comprehensive survey
title_full_unstemmed Blockchain meets metaverse and digital asset management: a comprehensive survey
title_sort blockchain meets metaverse and digital asset management: a comprehensive survey
publishDate 2023
url https://hdl.handle.net/10356/169641
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