NFT-Based Blockchain-Oriented Security Framework for Metaverse Applications

Abstract: The Metaverse is rapidly evolving, bringing us closer to its imminent reality. However, the widespread adoption of this new automated technology poses significant research challenges in terms of authenticity, integrity, interoperability, and efficiency. These challenges originate from the core technologies underlying the Metaverse and are exacerbated by its complex nature. As a solution to these challenges, this paper presents a novel framework based on Non-Fungible Tokens (NFTs). The framework employs the Proof-of-Stake consensus algorithm, a blockchain-based technology, for data transaction, validation, and resource management. PoS efficiently consume energy and provide a streamlined validation approach instead of resource-intensive mining. This ability makes PoS an ideal candidate for Metaverse applications. By combining NFTs for user authentication and PoS for data integrity, enhanced transaction throughput, and improved scalability, the proposed blockchain mechanism demonstrates noteworthy advantages. Through security analysis, experimental and simulation results, it is established that the NFT-based approach coupled with the PoS algorithm is secure and efficient for Metaverse applications.