Title: Real-World Platforms and Protocols for Digital Asset Authentication in the Metaverse: Economic Performance and Future Predictions

SUPERTHING
4 min readApr 8, 2023

Introduction

The Metaverse, a virtual universe that enables users to interact with digital environments and objects, has sparked a massive demand for digital asset authentication. Ensuring the legitimacy and ownership of digital assets is essential for the growth and stability of this new digital frontier. In this article, we explore the nine layers of digital asset authentication in the Metaverse, focusing on real-world platforms and protocols, their economic performance, and predicting five future platforms or protocols that could thrive financially.

Nucleus of Immutable Authentication: ENS Subdomains and NFTs

At the core of digital asset authentication lies the nucleus – a decentralized and tamper-proof method of verification. One such method is the Ethereum Name Service (ENS), which allows users to create and manage subdomains within their primary ENS domain. Another example is the use of non-fungible tokens (NFTs), which have gained popularity on platforms like OpenSea, Rarible, and SuperRare.

These methods provide a solid foundation for establishing the identity and ownership of digital assets, with NFTs, in particular, driving significant economic growth through sales of digital art, collectibles, and virtual land.

Sensory Layers: Adobe Creative Cloud and HoloLens

Adobe Creative Cloud offers tools like Photoshop and Illustrator that can help create unique visual cues for digital assets. Microsoft’s HoloLens, a mixed reality headset, provides a platform for creating and experiencing augmented reality (AR) sensory cues, such as haptic feedback, that help users distinguish genuine assets from counterfeits.

User Experience (UX) Layer: Unity and Unreal Engine

Unity and Unreal Engine are game development platforms that enable creators to build immersive and consistent user experiences across various platforms and devices, facilitating seamless interactions between users and authenticated digital assets.

Metadata Layer: IPFS and Filecoin

The InterPlanetary File System (IPFS) and Filecoin are decentralized storage solutions that can store metadata about digital assets, such as creator details, provenance, and history. These protocols provide users with context, assisting in asset authenticity verification and understanding the asset’s value and significance.

Certification Layer: Verisart and Codex Protocol

Verisart and Codex Protocol are examples of platforms that offer decentralized certification systems for digital assets. These platforms leverage blockchain technology to provide a transparent and secure way to authenticate and certify digital assets.

Reputation and Social Validation: Audius and Dapper Labs

Audius, a decentralized music streaming platform, allows artists to showcase their reputation and receive social validation through user-generated content, reviews, and ratings. Dapper Labs, the company behind CryptoKitties and NBA Top Shot, leverages the reputation of established brands to provide social validation for digital collectibles.

Cross-platform Compatibility: Polkadot and Cosmos

Polkadot and Cosmos are blockchain platforms that enable cross-chain communication, allowing different blockchain networks to exchange information and assets. These platforms facilitate seamless cross-platform compatibility for digital asset authentication.

Privacy and Security Layer: Tornado Cash and NuCypher

Tornado Cash is a privacy-preserving protocol for Ethereum that allows users to transact digital assets while preserving their privacy. NuCypher offers a decentralized key management system to protect sensitive data and digital asset details.

Legal and Regulatory Framework: Chainlink and Mattereum

Chainlink offers decentralized oracle services that can provide real-world legal and regulatory data to smart contracts, ensuring compliance with relevant laws. Mattereum is a platform that aims to bridge the gap between digital assets and the legal system, creating a comprehensive legal and regulatory framework for the Metaverse.

Evaluation:

The nine-layer digital asset authentication framework in the Metaverse, incorporating real-world platforms and protocols, has the potential to revolutionize the way users interact with digital assets. The integration of established platforms and protocols in each layer ensures a robust and reliable authentication process. The economic performance of this framework is promising, as it fosters trust, encourages innovation, and drives user engagement in the Metaverse.

The nucleus layer, with ENS subdomains and NFTs, provides a strong foundation for digital asset authentication and has demonstrated substantial economic growth in recent years. Platforms like OpenSea and Rarible have experienced significant trading volumes, indicating a thriving market for digital assets.

The integration of sensory layers, UX layers, and metadata layers enhances user experience and adds value to digital assets. Platforms like Adobe Creative Cloud, Unity, Unreal Engine, IPFS, and Filecoin contribute to the creation and management of digital assets, making them more appealing and valuable to users.

The certification, reputation, and social validation layers add trust and legitimacy to digital assets, encouraging user engagement and investment. Platforms like Verisart, Codex Protocol, Audius, and Dapper Labs have demonstrated the potential to monetize digital assets and support new business models.

The privacy, security, and legal framework layers ensure that the authentication process remains compliant with regulations and protects user data. Platforms and protocols like Tornado Cash, NuCypher, Chainlink, and Mattereum contribute to creating a secure and legally compliant environment for digital assets.

Overall, the digital asset authentication framework has strong potential for economic success, as it promotes trust, encourages innovation, and provides a comprehensive infrastructure for the Metaverse.

--

--