The global meta will lead to the endless growth of NFTs.

The rise of the non-fungible token (NFT) industry has grabbed the headlines, but for most people outside of the crypto world, that's all a lie. The meta world is going to change that.

There is always a change when new technology immediately switches from embarrassment to enjoying a part of life. These problems are often caused by the combination of multiple conductors, and now we are seeing what happens when two lanes reach the same point at the same time.

Mark Zuckerberg's decision to change Facebook's name to Meta was enough to grab Metaverse headlines around the world, even though the idea has been around for at least 30 years. It is the immediate result of meta-globalization that offers NFT image processing speed with predictive encryption tricks.

Big companies like Morgan Stanley are now predicting the future of NFTs, and the “digital luxury” industry estimates that the Meta Universe will be worth $ 50 billion by 2030. The next NFT cycle has already started.

not just virtual

Metaverse is generally considered to be virtual reality and augmented reality, but it adds the previous experience that VR / AR requires, but it's not that simple. Metaverse can also think of games like "Number One Player", but not limited to it. But both give details on what it is.

In keeping with Zuckerberg's point of view, Metaverse's work draws on the 'Internet of Things', a virtual communications network that delivers a digital and real experience in a new, fun, interactive, quality, and design way. . This can be seen as an extension of the home office created by the new Crown Plague, but now in a virtual 3D space, accessible either through a headset or from a 2D screen as usual. Phone chat does not mean that a lot of people are talking behind the wall, exchange, you can divide the virtual space with a group of virtual characters. This is important because having a reality allows for greater interaction and greater naturalness.

Of course, Facebook saw this moment early and had good reason to support it. The Oculus Quest Helmet company has largely been sold by 2020 and has provided support to the virtual reality market, largely due to its ease of use. The speed with which these tools are manipulated underscores that users appreciate the 3D experience. Over the past 18 months, those looking to break the lock have created a game as a place to socialize, even in "Animal Crossing." The wedding is also a working reunion on "Red Dead Redemption".

There is no clear indication of how this game will pave the way for wider understanding in the future. Another company that has been keeping pace with change for a long time is Epic Games, developer of giant Fortnite games, which hosted virtual music from electronic music maker Marshmallow for a year before shutting down. Epic CEO Tim Sweeney predicted it was a multi-faceted metaverse service, including Unreal Engine development tools, for free. What is the point ? With fewer obstacles, more interoperability and more data sharing, which drives growth in the desired direction. Less centralized and less hassle.

Metaphysics ... in addition to blockchain services

Of course, a decentralized model is not necessary, but it serves the ideal purpose of the metacosm of many commentators. Sweeney describes it as “the open foundation over which everyone has control of their life.

In order to create a more realistic meta-world than an independent 3D spatial domain, the platform must be interactive and cohesive. Payments must be secure, frictionless, and immediate, and must be able to stay and use design tools (such as custom avatars) wherever they are in the world. Until recently, participating in the digital world required you to distance yourself from viewers (such as game developers) to get to know yourself. Using blockchain for individuals to track money, assets, and additional activity can be very effective for consumers to choose their behavior, what to have, and what to do with it.

Metaverse venture capitalist and influential critic Matthew Ball believes blockchain is one of the “main supporters” of the metaverse. He defines another important meaning of the meta-world as “self-existence and… continuity of information”. The longer you "stay" online, the more important your "skin" is. Even the simplest pixel art is very close to the individual. As people's interest in CryptoPunks shows, owners often say they think there is a connection with punk.

In fact, whether it's creating unique features or carefully developing features, NFTs make people love to advertise online. In the virtual world, the virtual clothes and accessories that users choose to help everyone feel real and engage online. Fashion and art are an important part of real-world self-expression, so why should the online world be any different?

As mentioned earlier, digital fashion is on the rise and there are new development opportunities in NFTs. Design companies and celebrities have sold skin, clothing, hair, animals, etc. by NFT, and "Remove NFT" is trending as the release of an unexpected album. Indeed, both musicians and athletes profit from the sale of NFT devices, hoping to develop new devices that are not limited by traditional practices.

As digital assets have become more secure and blockchains have become more secure, NFTs may become increasingly important as a communication chip. For example, consider asking your team to talk about role-playing at Disney. not true? Sotheby's recently spotted the DAO (or 17,000 donors) for more than $ 43 million for a rare copy of the US Constitution. Although she did not win this letter, it is clear that the joint venture sponsored by NFT will become a real financial force.

Future investments

What does all this mean for investment, innovation and creativity? What does this mean for our business model and our life experience?

From games to tickets, registration software to healthcare, Metaverse revenue streams can transform technology processes and move away from media and big data, with all privacy and security nightmares. This is never an exception, but at least possible.

The more open and accessible the platform, the stronger this description will be. Connected platforms are attracting more and more users, and cross-platform connectivity, payment sharing, and legacy support for design and enterprise, reuse revenue streams throughout the body and increases equilibrium risk. .

Big game companies have already extensively developed their meta-space development tools with the clear goal of promoting collaboration, which will lead to further adoption. These companies believe that opening up the metaverse is the best for their business. This is the best way to build a successful online business. In this industry, users will be encouraged to participate and create benefits, which will benefit both developers and end users.

Right now, technology, thinking, and business models can all point in the same direction. Benefit from the use of blockchain technology to allow the online public to finally get out of the web 2.0 habitat wall and enter a decentralized meta-world where they can fend for themselves. In this exciting new world, NFT will bridge the gap between the real and the virtual. From staff to business, tangible ownership can make all the difference. This is a new fact.