Yuliya Prokopyshyn examines the evolution of the metaverse, the opportunities it creates and what practitioners need to consider

Blockchain technology has drastically evolved over the last decade after the launch of first-of-a-kind cryptocurrency, Bitcoin. From that time onward, the technology has been used across various industries, with non-fungible tokens (NFTs) really stealing the show last year.

While many businesses are currently testing blockchain technology across a range of sectors – including supply chains, healthcare, as well as governmental and legal purposes – we will undoubtedly see various metaverse applications leveraging the technology’s strength and decentralised nature. We can expect this to revolutionise our social interactions and the way we see and value digital space over the next few years.