This Is How NFTs Will Define The Metaverse

This Is How NFTs Will Define The Metaverse
This Is How NFTs Will Define The Metaverse

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By Dinis Guarda - Feb 03, 2022

The ‘Metaverse’ represents the concise form of concepts that are the foundations of our ever-expanded universe. It is the sum of all the processes and protocols empowering the digital transformation of our lives, the internet systems, and the emerging blockchain empowered with AI Web3.

The Metaverse transforms our experiences as society, and opens the doors to digital transformation- the digital twins of our imagination, health, physics, and desires. The Metaverse will transform our present and virtual world in a way where digital twins (avatars) connect through houses, cities, work, buildings, travel, or entertainment, with the help of increasing AR and VR solutions- improvised far ahead of the present-day headsets.

The tech and business world, as well as smart city builders are preparing for a Metaverse-based future, with NFT-based certified and augmented experiences. This vision shows the Metaverse is a cornerstone of our physical and digital social media experience.

With the Metaverse, you can do a virtual digital twin check of your body. A present use of Metaverse is the VR that is presently being used in the training of doctors and medical staff to take learners within the human body, providing digital twins and a 360° view of ailments or replicating real-world procedures. In the current era of high-tech health care, as the Metaverse grows, doctors are going to be able to visualise and contribute patient data and diagnosis information. Metaverse would help in getting insights from a massive database accessible to physicians all around the world.

This explosive future from Metaverse will come hand in hand with the potential for blockchain-based ID certification systems that will accelerate the adoption of media, personal profiles, and increasing financial services in the Metaverse.

In the near future, the Metaverse will increasingly give birth to a potential independent state of its own, presided over by various self-governed DAOs or other decentralised systems. This is partly already real with the hacker and gaming communities worldwide that have millions of users.

The entertainment, property, tourism, health, fintech/DeFi sectors will be the ones where we will find better present/future solutions. The Metaverse will empower peer-to-peer experiences that will offer jobs, financial empowerment, lending, and trading. The Metaverse and NFTs certification solutions will take on the role of a virtual business-empowered financial system.

NFTs are now our keys, ID cards, and passports, like email was in the beginning of the internet. The possibilities are, of course, much bigger, more powerful, and disruptive. The NFTs are the glue that put together the puzzle pieces that already exist on the internet, and expand them to the Metaverse of experience.

The role of Blockchain and NFTs

With Blockchain advanced NFTs and AI, the Metaverse possibilities are only limited by the capacity we can put our imaginations as humans, the capabilities of creators and developers, and the demands of users.
While NFTs are becoming the DNA certification for our society, they are the central pillars of Metaverse, where they are pivotal in building the digital twin of our society. Art, fashion, collectives, history, cities, property, and tourism experiences- all benefit and grow in terms of experiences with the expansion of Metaverse.

If Metaverse is the door to the unique space of experiences, NFTs are the keys to that door. To explore this vast span of exciting and exclusive events, these keys are inevitably necessary.

The Metaverse is an inspiration to create an architectural bedrock in a decentralised and always-expanding interoperable space. It is a realm where real, online, and all types of experiences that we partly saw in science fiction blend into each other.

In its present (or the future) scenario of Metaverse, all our societal features- personal health and wellbeing, communications, finances, game, personal and collective worlds, and personal profiles- will use the NFTs as the door keys, unlocking the ever-growing online experiences on the course of its journey.

Blockchain is the foundational architecture and engineering of the Metaverse. Blockchain technology is, in itself, a powerful combination of three popular concepts- cryptography, peer-to-peer networking, and game theory.
Blockchain’s fast growing distributed-ledger-solutions permeate various verticals for identity and protection, transparency of data and transactions, and ways to reward. Further, it gives us an opportunity to gamify the systems of our society - businesses, experiences, and our personal, online, and digital twins.

This goes hand and hand with the way blockchain-expanded protocols can empower communities, artists, creators, cities, developers, businesses and all types of organisations to lead experiments. Existing Metaverses have been using digital tokens since their inception. Digital tokens have been used as a way to reward developers, and have been using cryptocurrency as a form of payment to services and activities.

The growing Metaverse opens the doors with NFTs 'keys to not only new experiences, but new levels of digital transformation and digital twins of literally everything that makes humans, the visibility and control for users. While the Metaverse has been there for more than a decade, it’s NFTs that stand to open bigger doors and solve the puzzle to bring it to a much more impactful place in our society- life in our real, perceived and blurred physical world.

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