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What Are Smart Contracts and How Are They Used In the Metaverse?
The Metaverse is powered by blockchain technology and every transaction of value on the network, be it digital assets or digital identities, are facilitated by smart contracts. These smart contracts define the conditions of an agreement and self-execute based on those terms when certain pre-set conditions are met. Although they are not that new to the world of finance, they have become increasingly popular in recent years due to their security and efficiency in transferring value from one [...]