Technical potential for financial purposes
Sweeney emphasized that interest in blockchain is focused on its technical capabilities rather than its financial aspects. He described blockchain as a “decentralized solution for decentralized transaction evolution,” suggesting that it could serve as a replacement for traditional repositories. This approach is similar to other projects such as Pirate Nation, which plans to use blockchain technology to manage transactions across multiple systems.
In a recent interview with author Matthew Ball, Sweeney discussed the broader applications of blockchain technology, highlighting its potential in areas such as zero-knowledge proofs and cryptographic consensus protocols.
Sweeney supports the idea of ”open Metaverse” and advocates achieving decentralization and interoperability in the digital environment through open protocols and standards, and mentioned the efforts of the Metaverse Standards Forum to establish industry-wide technical standards.
While Sweeney believes blockchain’s connection to cryptocurrencies has had a negative impact on its perception, he remains confident in the future of the technology. He acknowledges the current challenges and uncertainties surrounding blockchain, but expects that over time its value will be recognized.
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*All investment/financial opinions expressed by NFT Plazas are based on the personal research and experience of our website moderators and are provided for informational purposes only. Individuals must fully research any product before making any type of investment.
Blockchain enthusiast and lifelong gamer.
