Many technology engineers and investors are working on metaverse and cryptocurrency projects as part of Web3, a decentralized internet run by users rather than large corporations. The metaverse and Cryptocurrency are very different, but as they develop, they may become increasingly dependent on one another. A blockchain is a public digital ledger that records transactions. Blockchain is a critical piece of technology that powers the metaverse as well as cryptocurrencies. Blockchain-based peer-to-peer transactions can eliminate the need for middlemen like IT firms and banks. This can reduce costs and speed up transaction times, among other benefits. Digital currencies and Blockchain-based on it were developed to facilitate commerce in a digital setting. However, online transactions continue to be conducted using traditional fiat currencies in their digital forms. According to some, the metaverse, with its immersive services and 3D virtual worlds, uses blockchain technology to enable permission-free interactions between internet users.