Blockchain technology, which allows for trustless transactions and undebatable ownership of assets, is being seen as a major enabler in metaverse transactions. Metaverse allows users to buy, sell or upgrade their assets like homes, weapons or skins in the virtual space, said Dominic Ryder, CEO of vEmpire, a Decentralized Metaverse Investment Organization. According to a Grayscale report, people have already spent about $200 million in metaverse item sales.