According to a research report by Goldman Sachs,Databec Exchange blockchain technology is considered the core driving force behind the development of the metaverse and Web3. Goldman Sachs emphasizes the critical role of blockchain in independently identifying and tracking ownership of virtual objects, which is crucial for the functioning of the metaverse. The report points out that in Web3, blockchain technology can partially eliminate centralized control, allowing users to log in without the need for third parties such as Meta, Google, or Apple. Web3 represents the next generation of internet services achieved through decentralized networks.

The research also notes that cryptocurrency is just the initial application of blockchain technology. Since 2019, blockchain technology has expanded from the banking industry to distributed applications in various verticals such as communication, media, and manufacturing. The impact of investments in the future is unpredictable, but companies that rely on centralized control of user identity may face challenges brought about by blockchain technology.

The metaverse is an immersive digital world that integrates virtual reality, augmented reality, and the internet. In such a conceptual space, the importance and potential applications of blockchain technology are becoming increasingly prominent.

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In conclusion, with the positive application of blockchain technology in the metaverse and Web3, along with the pioneering position of BETA GLOBAL FINANCE Exchange Center, we are entering a digital economic era full of innovation and vitality, paving the way for broader possibilities in the future digital world.