Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Goldman Sachs Praises Blockchain as One of the Most Disruptive Tech

Goldman Sachs Praises Blockchain as One of the Most Disruptive Tech

Kelly Cromley by Kelly Cromley
Dec 16, 2021
in Market News, News
Reading Time: 2 mins read
0

Goldman Sachs has claimed crypto technology would be at the core of the metaverse, since it will enable individuals to safely own digital objects across multiple virtual worlds. The Wall Street bank’s analysts, led by Rod Hall, lauded blockchain innovation as “one of the most disruptive technological revolutions” since the early days of the internet, in a note issued Tuesday.

The metaverse is a vague phrase that refers to virtual environments in which individuals, in the guise of avatars, may game, work, play, socialize and trade. In October, Facebook said it was changing its name to Meta and would be focused on constructing virtual worlds, which it argued represent the future of the internet.

Decentralized, crypto-focused game metaverses such as Axie Infinity and The Sandbox have been bringing in players of late. They let users to manufacture and exchange objects in the form of non-fungible tokens, or NFTs — forms of secure crypto collectibles — and feature in-game economies that employ cryptocurrencies.

Goldman’s analysts said crypto technology must be at the core of the creation of metaverses since it enables users to safely hold assets or goods, and transfer them across multiple platforms without the requirement for a central party’s approval. For example, The Sandbox operates on the ethereum crypto network, which allows players to purchase and sell in-game land and NFTs on exchanges outside the metaverse, such as OpenSea.

“We predict that the metaverse is likely to be an amalgamation of numerous 3D locations and that users would travel between them constantly,” Goldman added. “If any virtual products or services are unable to travel from one area to another with the user, we feel their value is likely to be more limited.”

The experts added: “With respect to the metaverse, blockchain is the only technology we see that can uniquely identify any virtual item independent of a central authority. This capacity to identify items and subsequently monitor ownership will be vital to the operation of the metaverse whenever it ultimately materializes.” A blockchain is a digital record of transactions, which is supervised by all participants of the network rather than by a single entity.

Blockchain technology drives bitcoin, where users called “miners” have to solve cryptographic challenges to validate transactions, keeping the network safe.

Although Facebook/Meta has deployed early versions of its metaverse, it’s unclear yet if the firm expects decentralized blockchain technology will play much of a role. Many crypto aficionados are fearful that the company’s financial strength and dominance in social media means it might grow to dominate the metaverse and tightly regulate production and trade.

Meanwhile, skeptics are very suspicious of the entire premise of the metaverse, pointing that prior virtual worlds such as Second Life have been there for years and that virtual reality gear have never truly taken on. Goldman’s statement was optimistic on the blockchain in general, but the bank argued it was too early to draw out clear investment strategy around it.

The researchers claimed blockchain “has considerably deeper and far-reaching implications for decentralized identity and ownership of both digital and physical items.” They claimed the technology might boost privacy on the internet and do rid of the need for centralized control in a number of businesses, such as supply-chain management.

Previous Post

Beast Legends Unveils Metaverse Free-to-Play, Play-to-Earn Game

Next Post

Auction House Sotheby’s Generates $100mln in NFT Sales in 2021

Related Posts

coinbase partners with perplexity ai

Coinbase Taps Perplexity AI to Deliver Smart Crypto Insights

by Kelly Cromley
Jul 14, 2025
0

Coinbase has entered into a strategic collaboration with Perplexity AI to provide users with real-time cryptocurrency market data through artificial...

Hedera

Hedera Moves Closer to AI Mainstream with Intel and NVIDIA Support

by Kelly Cromley
Jul 14, 2025
0

Hedera, a decentralized public blockchain, appears to be stepping into the spotlight as a key enabler of artificial intelligence infrastructure,...

Kenya

Kenya Launches $KDT Token on Solana Blockchain to Drive Digital Inclusion

by Kelly Cromley
Jul 14, 2025
0

Kenya has taken a notable step toward embracing digital innovation through the public endorsement of a private sector-led initiative to...

imagen network

Imagen Integrates XRP for Faster Web3 Social Transactions

by Kelly Cromley
Jul 13, 2025
0

Imagen Network, a decentralized social platform driven by artificial intelligence, has introduced XRP-based liquidity modules across its multichain infrastructure. This...

endless partners with rei network

Endless and REI Network Join Forces to Simplify Web3 Development

by Kelly Cromley
Jul 13, 2025
0

Endless Protocol has announced a strategic partnership with REI Network, a lightweight blockchain infrastructure developed by GXChain Global. The collaboration...

Injective Blockchain Faces Backlash as INJS Minting Comes to Abrupt Halt

Injective Forms Power Council to Bridge Web2 and Web3

by Kelly Cromley
Jul 13, 2025
0

Injective has unveiled the Injective Council, a newly established strategic advisory group comprising senior representatives from major Fortune 500 firms...

Next Post
Auction House Sotheby’s Generates $100mln in NFT Sales in 2021

Auction House Sotheby’s Generates $100mln in NFT Sales in 2021

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Hyper Foundation Launched to Boost Hyperliquid Blockchain Development

    by Kelly Cromley
    Oct 15, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025

Recent News

coinbase partners with perplexity ai
Market News

Coinbase Taps Perplexity AI to Deliver Smart Crypto Insights

by Kelly Cromley
Jul 14, 2025
Hedera
Market News

Hedera Moves Closer to AI Mainstream with Intel and NVIDIA Support

by Kelly Cromley
Jul 14, 2025
Kenya
Market News

Kenya Launches $KDT Token on Solana Blockchain to Drive Digital Inclusion

by Kelly Cromley
Jul 14, 2025
imagen network
Market News

Imagen Integrates XRP for Faster Web3 Social Transactions

by Kelly Cromley
Jul 13, 2025
endless partners with rei network
Market News

Endless and REI Network Join Forces to Simplify Web3 Development

by Kelly Cromley
Jul 13, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree