The acronym NFT has been having a lot of ink in recent times, but most people do not even know what it means – non -fungible token – and even less what it is. But that did not prevent the NFT from developing to become a massive market. Even if some people think that this market is already at its peak, everything suggests that it is not. Let's discover together what an NFT is and what will be its usefulness inside metarers.
NFT, what is it?
The answer to this question requires a certain context. Think about Non -fungible tokens (NFT) Like digital acts of active property, or show tickets. Fungible means identical And interchangeablelike banknotes. It doesn't matter which 5 euros tickets you have, they work in the same way as other 5 euros tickets.
Non-fongibility indicates that'An NFT isat least in a certain way, uniqueand therefore transmits the Rarity of associated assets. As a digital token, an NFT code and secure in an cryptographic manner related information assets, including relating data to identity, property, the history of the assets And much more.
Owners can Create and sell NFT on platforms such as mining and Opensea, which also serve market places for NFT. The tokens are registered on a blockchaingenerally Ethereumalthough there are many smaller blockchain technologies adapted to NFT. The blockchain provides a secure register worldwide for these tokens, so that transactions can be traced by the address of the user blockchain rather than by its name. This preserves the owner's confidentiality. Note that this anonymity or pseudonymat is often appreciated in metarers.
In summary, NFTs are unique digital assets that can be purchased, used, sold etc.
Gamefi economy?
How to talk about NFT without talking about Gamefi? Gamefi is the contraction of words Game and DEFI (decentralized finance). Gamefi games are using NFT more and more often to make transactions between players. Investors can also buy NFT in the game, including illustrations or customizable characters, and resell them when their value increases on the market. The Gamefi economy is the bridge between NFT and Metavers.
The Metavers is supposed to be a Virtual reality space totally immersive. Virtual avatars will cross this digital environment more participatively. It will help users to socialize Beyond the sharing of images and documents. Whether it is a question of preselecting real estate by examining them in virtual reality or of buying houses thanks to tokens, the Metavers allows all this. The Metaversse tokens, including Mana, Gala, Sand etc., gain popularity because of their uses. These tokens are transactional entities that can be used to exchange on virtual markets in the Metavers environment.
NFTs are capable of upset the paradigm Traditional of social networks in terms of interaction, socialization and transaction of users in the metarers. Find out how NFT can upset the future of the digital world:
An open and equitable economy
Currently, users and companies can transfer property and real world services in a decentralized virtual environmentcalled metarers. A way to invite more active active worlds to the metarers is to use models of Innovative game with interoperable blockchain games.
THE “Play-to-Earn” game model is one of those approaches that not only get involved, but also to empower blockchain game players. By relying on the NFT, players can take part in financial savings In the metarers and obtain awards, mainly by winning while they play, from where the word play to read (play to win). The “Play-to-Earn” games are also equitable in the metarers, because players get full ownership of their assets instead of being controlled by a single game entity as in most traditional games.
If you are wondering how to take part in these savings, the Binance NFT OIG launches offer a variety of games from games that players can collect and import into different environments to use them. These NFTs are in great demand, as shown in the reaction of the launches of IGO, where all NFTs were sold as soon as they are launched. Among the successful examples of these “Play-to-Earn” games are Infinite Axie (AXS) or My Neighbor Alice (Alice).
The guilds
The “Play-to-Earn” game guilds will also play a decisive role in the progression of the popularity of these games. These are facilitators who buy NFT resources in games, then lend them to players wishing to use them in their respective virtual worlds to win income. The “Play-to-Earn” guilds then take a small part of the earnings.
This contributes to promoting a open and fair economy, Because players who do not have the initial capital to play can go through the guilds. The guilds lower the entrance barrier to games like “play-to-earn” for all players, and make it fair the possibility of Participate in the metal economy. In short, The guilds are used to boost the virtual savings of the metarers by making the resources NFT no longer accessible to all.
“The virtual economy is the bridge between NFT and Metavers”
The value of the NFT in the Metavers
Assets in the virtual world can also have A real valuebecause users can exchange their NFT on markets like Binance NFT. The economic value of NFTs is measured by their use in the various metals. This gives users the freedom to choose the type of content they want to generate, like assets that attract a mass audience, unique digital works of art or specialized NFT which give specific capacities and appearances in games.
Metals offer An open and equitable economysupported by Blockchain properties inherentnamely immutability and transparency. In addition, the fundamental law of supply and demand based on rarity and the value of an NFT Depending on its applicability Determines prices,, eliminating the possibility of artificial inflation of value.
For example, gaming launches on Binance NFT are an example of the facilitated operating mode of the metal economy. Regularly, there are gaming launches, which gives users the opportunity to invest from the start. There are also mystery boxes to win containing various assets to use in games.
