The digital world seems to be evolving into something new every day with tech junkies and companies constantly improving things like the blockchain. We know so little about it as it just became popular at the turn of the decade, but citizens are now exposed to cryptocurrencies and the age of decentralized finance, where nifty projects like NFTs are starting to pop up.
Businesses have just started to open the book, but a select few are already in the pages. A few months ago, the term “metaverse” was popularized by Facebook, now known as Meta Platforms. The idea of a virtual world that we can escape to using technology like virtual and augmented reality along with our own 3D avatars is crazy to some, but mind-blowing to most of the population. What exactly would avatars be holding, though?
Gaming companies have an idea for this using NFTs, adding more technology to the metaverse. Now, there’s the possibility that you can buy virtual guns or armor in your video game like usual, but have the option of trading and reselling them, or even having access to them in other parts of the metaverse. That’s crazy, right? Companies like Zynga, Ubisoft, and Electronic Arts are starting to investigate turning game accessories into NFTs through their newly formed blockchain gaming teams, and it isn’t all talk. For example, Ubisoft gave out 2,000 free NFTs to the players on their game “Tom Clancy’s Ghost Recon Breakpoint”, with these items including virtual guns and helmets. With the tech poised to progress further as years roll by, you might want to get used to seeing people with military weapons, in the metaverse of course. Are you excited about this?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.