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Metaverse and Decentralization

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Metaverse

Part of the book series: Studies in Big Data ((SBD,volume 133))

Abstract

Metaverse is evolving as a structure that provides three-dimensional access with the creation of various virtual worlds using different technologies. The internet has undergone a comprehensive advancement before the formation of the Metaverse. The transition from centralized systems to decentralized systems played the most significant role in the basis of this change. Information security, power, politics, and the economy are the driving forces of interdisciplinary decentralization. Decentralization gained more importance after it became possible with blockchain technology. Blockchain enables decentralized transactions in many areas. The economic dimension of these systems is at a high level, and cryptocurrencies have started to be used within this framework. Decentralized internet is the most essential requirement for these developments. In this process; new structures are being developed that provide more advanced interaction with internet sites with virtual rooms and three-dimensional avatars. New experiments and applications are constantly being carried out on Metaverse. In the information technology age, every trial and application is brought to the attention of users and developers as soon as possible. Decentralization is behind the rapid development of this process. With the elimination of intermediaries, peer-to-peer transactions become possible, and users can realize what cannot be done before using distributed and decentralized network technology. This enables a very high number of system users to be reached in a much shorter time. In this way, many economists believe that the Metaverse market has a potential exceeding a trillion dollars. Metaverse users will want to protect their personal data that is transfered to this environment and the digital assets. In this sense, decentralized systems provide the user and service providers confidence. Web 3.0 will take information-sharing processes to higher levels with smart contracts, crypto assets, and the token economy. In this chapter, the concept of distributed systems and decentralization is examined from an interdisciplinary perspective. The decentralized Metaverse concept is explained by evaluating the opportunities and possible problems of the decentralized systems.

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Author information

Authors and Affiliations

  1. Mugla Sitki Kocman University, Mugla, Türkiye

    Enis Karaarslan & Senem Yazici Yilmaz

Authors
  1. Enis Karaarslan
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  2. Senem Yazici Yilmaz
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Correspondence to Enis Karaarslan .

Editor information

Editors and Affiliations

  1. Ankara University, Ankara, Türkiye

    Fatih Sinan Esen

  2. Endicott College of International Studies, Woosong University, Daejeon, Korea (Republic of)

    Hasan Tinmaz

  3. College of Engineering Technology Management (ETM), Oregon Institute of Technology (Oregon Tech), Oregon, OR, USA

    Madhusudan Singh

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Karaarslan, E., Yazici Yilmaz, S. (2023). Metaverse and Decentralization. In: Esen, F.S., Tinmaz, H., Singh, M. (eds) Metaverse. Studies in Big Data, vol 133. Springer, Singapore. https://doi.org/10.1007/978-981-99-4641-9_3

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