Loot and The N Project, which are token-based nonfungible projects, have helped drive interest in the Metaverse up to an all time high. It raises hopes that blockchain will one day become mainstream. Is history set to repeat itself or will it be different? Problem is, the things that catch the attention of the public can also be the things that eventually degrade performance and create barriers to entry. In this article, I’ll explore the fundamental issues responsible for creating this dynamic with the goal of helping address these issues once and for all.

The fundamental problem is that legacy blockchain technology — specifically — introduces massive barriers to entry that hinder the ability of the Metaverse to onboard new users. This is further aggravated by the inability of network users to calculate their network usage statically.