To stay on top of the wave, NFTs linked to the metaverse will have to bring real innovations under their belts
Posted: Sat Dec 28, 2024 7:18 am
Lifestyle brands such as Gucci, adidas and Atari already own their own virtual plots in the metaverse, and even financial firm JP Morgan is also present in Decentralad (a shopping mall of absolutely colossal dimensions where plots worth several million dollars have already been sold). Another financial institution that has sunk its teeth into the metaverse is HSBC, which recently opened a headquarters in Sandbox.
While much of the business born from the list of gansu cell phone numbers combination of the metaverse and NFT is concentrated in spaces such as Sandbox, Somnium Space, Cryptovoxels and Decentraland, the competition is skyrocketing . Horizon Worlds , Meta's metaverse, for example, recently announced that it was experimenting with tools so that creators could market objects and experiences on this platform.
In addition, many companies are currently engaged in creating digital replicas of iconic nature destinations in the real world such as Rodeo Drive in Beverly Hills or Silicon Valley.
“As more artists, creators and businesses are innovating in the NFT market, we believe the forces could eventually rebalance in the metaverse,” explains Louisa Choe, a researcher at Nansen.
As the metaverse gains momentum, so do NFTs, which have already overtaken cryptocurrencies in traction.
NFTs are a multi-million dollar business today, but they will cease to be so in the long term if Web3 and the metaverse do not bring truly groundbreaking innovations to the table. Despite the hype, and without real innovations, the NFT market could dissolve like a sugar cube.
While much of the business born from the list of gansu cell phone numbers combination of the metaverse and NFT is concentrated in spaces such as Sandbox, Somnium Space, Cryptovoxels and Decentraland, the competition is skyrocketing . Horizon Worlds , Meta's metaverse, for example, recently announced that it was experimenting with tools so that creators could market objects and experiences on this platform.
In addition, many companies are currently engaged in creating digital replicas of iconic nature destinations in the real world such as Rodeo Drive in Beverly Hills or Silicon Valley.
“As more artists, creators and businesses are innovating in the NFT market, we believe the forces could eventually rebalance in the metaverse,” explains Louisa Choe, a researcher at Nansen.
As the metaverse gains momentum, so do NFTs, which have already overtaken cryptocurrencies in traction.
NFTs are a multi-million dollar business today, but they will cease to be so in the long term if Web3 and the metaverse do not bring truly groundbreaking innovations to the table. Despite the hype, and without real innovations, the NFT market could dissolve like a sugar cube.