The Crypto Files: Why blockchain development technology is crucial to the metaverse – Financial Post

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Episode 128 of Down to Business podcast

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When Facebook announced it was changing its name to meta, a nod to the idea that more and more of our lives are moving online to a so-called metaverse, some people understood immediately.

In the first of a three-part series exploring issues related to cryptocurrencies and blockchain technology, Down to Business spoke to Ethan Lou, author of the book Once a bitcoin miner, about why the development of blockchain technology is so crucial to the metaverse.

For the uninitiated, blockchain is the technology underlying bitcoin and various cryptocurrencies, but which can also be used to write smart contracts. Its like a public ledger that can establish ownership of something on the internet, but to Lou and others, it could potentially revolutionize the way the metaverse is developed.

Lou, a journalist and contributor to the Financial Post who writes frequently about blockchain, explained why he thinks the technology holds so much promise and offered his perspective on why its already important but bound to play an even greater role in the future. As always the interview was edited for clarity and brevity.

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The Crypto Files: Why blockchain development technology is crucial to the metaverse - Financial Post