Paper 2024/552

Insights from building a blockchain-based metaverse

Abstract

This paper presents an in-depth exploration of the development and deployment of a Layer 1 (L1) blockchain designed to underpin metaverse experiences. As the digital and physical realms become increasingly intertwined, the metaverse emerges as a frontier for innovation, demanding robust, scalable, and secure infrastructure. The core of our investigation centers around the challenges and insights gained from constructing a blockchain framework capable of supporting the vast, dynamic environments of the metaverse. Through the development process, we identified key areas of focus: interoperability, performance and scalability, cost, identity, privacy, security, and accessibility. Our findings indicate that most challenges can be effectively addressed through the implementation of cryptography and subnets (i.e., Avalanche architecture), which allow for segmented, optimized environments within the broader metaverse ecosystem. This approach not only enhances performance but also provides a flexible framework for managing the diverse needs of metaverse applications.