The year 2022 will see a huge meta-space boom.

Today, Metaverse is starting to get hot with young people and artists like Snoop Dogg investing millions of dollars in virtual real estate. And this model is not limited to Ethereum.

Around the same time last year when someone said "I will sell my virtual land for 1ETH" most people will tell you to stay. Today, a year later, we are mostly "hot" people.

In the blockchain business, everyone wants to do a little before and before the model. For anyone who thinks the latest blockchain and virtual domain gold rush is missing, we should think so. The integration of blockchain and real estate is designed to be efficient and profitable in the future, and it is not limited to the Ethereum blockchain.

The future of NFT (a technological process for specialized digital devices such as art or virtual household work) is multi-chain, meeting the limitations of the Ethereum blockchain in many ways and improving its use. , touches many areas of culture and industry.

In the near future, we will see many different methods and applications led by Solana, Tezos, Polkadot, Kusama, Cardano and many other chains. These chains provide answers to scalability, network congestion, and true congestion differences, making NFTs usable and transportable in the metaverse, pushing the boundaries of traditional digital collections, and making it possible in the world really too.

Although the old market such as real estate cannot be affected now with the current technological development of blockchain, the potential to spur innovation and improve the market is strong and hassle-free.

Anyone who has ever bought or rented a home knows the time and cost constraints. There are contracts that need to be signed, paid for by landlords and tenants, real estate agents, and most lawyers. These contracts require a lot of investment, time and money.

Virtual real estate in the open metaverse allows us to use peer-to-peer commerce and the use of smart contracts to streamline and streamline processes. Smart contracts can be designed to work on the fly and execute commands as needed. So, assets like houses, assets or income, liabilities or capital can work in new ways and grow and run in minutes instead of weeks or months.

Virtual real estate can leverage revenues from global financial transactions, enhance business assets, and support new decentralized finance (DeFi) lending opportunities using Meta Universe tools as evidence.

With further expansion, we hope that one day users will be able to move digital devices and NFTs in and out of the virtual world. Their digital home can be used as a business loan facility. Imagine being able to use your virtual real estate to make a loan for real estate.

It is almost certain that this changing world will be formed by a network of smart contracts that undermine Ethereum's control.

Restrictions d'Ethereum

Since the launch of Ethereum in 2015, smart contracts have been gaining ground with functionality and innovation. The ERC-20 token is the most commonly used tokenization model. These tokens encode the owner of the code. Another modification of the ERC-721 and ERC-1155, the standard specification for NFTs, creates a weak digital signal. There are many tokens and tokens available on Ethereum, which formed the basis of the open meta-world.

However, the market has grown rapidly, and Ethereum enhancements are also available on other blockchains on the network. While Ethereum's Layer 2 solution (a plugin that helps the network process more efficiently) performs well, the new blockchain has grown exponentially and promises to provide new ground. A multitude of creative developers exploring products beyond the high cost of Ethereum and the network.

Therefore, the current market challenge is to integrate different blockchains. By removing the “exclusion” from the blockchain industry, we can achieve a “great culture”.

Polkadot, the blockchain that I personally invest in, is another chain focused on interaction. The advanced membership procedures allow the transfer of ownership of assets directly to another address, allowing or restricting the right of third parties to access and use the active tool, and facilitate the exchange of contracts or trusts.

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Today, Metaverse is starting to get hot with young people and artists like Snoop Dogg investing millions of dollars in virtual real estate. "Fortune" magazine calls it "trillion dollar time". A new generation may think about buying their first home (or their own stake) in a meta-world.

There is a lot of work to be done in this area to make this future a reality. Critics believe that, given the current situation, Breathtaking Virtual Sales are more of a novelty driven by hype and speculation than a representative of the real owners. Others believe that real estate (physical or not) requires a certain commitment to the safety and trust of buyers and sellers.

There will also be concerns and criticism from the real estate market which has always ignored the value of ongoing but still profitable changes.

However, NFT Homes are required to ensure the independence of members, an area whose history does not include many in the world. GoBankingRates, according to analysts at Grayscale Investments, said the history of affordable housing has been largely affected by proximity to shops, services and attractive communities. It remains to be seen if this will happen in the meta world as well. In the meta-universe, players can "teleport around the world and change paths quickly, regardless of rank." Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk.

Will there be significant benefits for the development of virtual landscapes over time? Are the Expensive Sandbox or Decentral Plans and Do They Cut Their Costs? Do cryptocurrency outsiders see NFTs as a powerful new tool for membership, even though they can't sleep on their computers?

Currently, the NFT infrastructure is limited. The technology has not yet reached the authorization of tokenization of really special objects (notably Ethereum, which is now almost impossible). New models need to be developed to support progress in this area.

In the years to come, businesses will see thousands of dollars invested in NFT systems that support alternative applications and simplify the performance of similar personal assets, such as works of art and objects, by visualizing information. that can be distributed or extended. .

Smart contracts need to be improved to achieve speed, efficiency and capacity. Some buildings have done things like "nested NFT pallets" which allow small homeowners to build relationships between members.

Rules and regulations can also be discussed. The same goes for concerns in the real estate industry which can be replaced by mobile assets. These assets are not locked in a blockchain. These tools can be used in the digital world as well as in the real world.

There is a sense of socialization that makes people valuable digital assets. It has already happened. However, in this symbolic new world, the next life will take some time. It's like building a house.