Exploring the Metaverse: An AI-assisted systematic literature review of Cryptocurrency and NFT

Abstract

A perfect digital reflection of our world has been a heavily contemplated concept in the past decade. With the convergence of Web 3.0 and augmented reality (AR) technologies, this network of interconnected entities known as the metaverse has breached our reality. This digital realm leverages blockchain technologies like cryptocurrencies and Non-Fungible Tokens (NFTs), blurring the lines between physical and virtual worlds. The advent of artificial intelligence (AI) is expected to accelerate these technologies. This review uses AI to analyze the role of cryptocurrencies and NFTs in the metaverse, enabling a comprehensive study of a vast range of literature. This approach aids in understanding how NFTs and cryptocurrencies are used in the metaverse and categorizing their applications. Web 3.0 technologies are seen in areas like artistic expression, virtual healthcare, education, entertainment, legal frameworks, tech innovation, and the virtual economy. This review explores relevant research and shows how AI can transform research by analyzing a wide spectrum of data.