Immersive cyberspaces are no more the stuff of science fiction but rather a fact of life. The metaverse is a network of virtual 3D worlds powered by a digital economy and utilizing cutting-edge technology such as virtual reality (VR) and augmented reality (AR). The metaverse is commonly considered to be the next evolutionary step for humanity. Still, a precise definition has yet to be developed. Facebook’s recent investment of USD 10 billion in its metaverse has sparked a wave of interest in the subject. It’s not just Facebook (renamed Meta) that’s competing with the metaverse.
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The non-fungible token (NFT) market has grown significantly, with total spending on NFTs reaching $12.6 billion, up from just $162.4 million at the beginning of the year and predicted to rise much further in 2022. Everyone, from individuals to well-known corporations, is talking about starting their own NFTs. But not all NFTs are equal; some are incredibly precious, while others are worthless.
Continue reading “How To Make Money With NFT In 2022 and What Is The Future Of NFTs?”Why Are NFTs Required For Metaverse Access?
With the number of applications for NFTs rapidly rising, these digital assets are ushering in a new era of the digital world: the Metaverse. NFT-based augmented experiences will be the foundation of next-generation social networks. The entrance of metaverses on the world stage is best demonstrated by Facebook’s Meta launch, which signifies the shift toward a metaverse era.
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