The future of the metaverse is not confined to gaming. Next Earth, a platform that produces virtual land, makes it possibleThe Metaverse is really just beyond our screens a shared, interconnected virtual world. What better place to explore the possibilities of the metaverse than on an NFT-based copy of a global map. The future of the metaverse is more than just gaming. Next Earth, an NFT-based replica of Earth, makes virtual land possible. A slice of virtual land in the blockchain-based online world was sold for more than $900,000 on Thursday, in a record purchase for theIn Decentraland ownership of virtual land is bought and sold in the form of nonfungible tokens, NFTs. A NFT is a kind of crypto asset. It records the ownership status of digital items on the blockchain. There is a new twist to the American dream in the virtual world where communities boost enviability and invest in land. Land has been fought over by humans since eons ago. A Singapore investor purchased a digital art piece for $69 million last month. Since the art does not have a physical form, it cannot appear in a typical museum. The artwork uses Everydays by the artist Beeple. It uses a nonfungible token called NFT. It exists only in digital form. A technology called blockchain is based on the technology.
NFT Land – The Most Expensive Purchase of NFT Land to Date:
The Future of Virtual Land Ownership:
The future of virtual land ownership is now available. The experience of purchasing virtual land on Next Earth is fairly simple. It begins with the fact that NFTs have a built in scarcity. You only have one owner per parcel of land. In 2017, I witnessed the first NFT applications, projects such as Cryptokitties and Cryptopunk. Recently, I heard that the Arc de Triomphe was sold as a virtual land. A virtual world exists such as Decentraland where people display their NFT art collections, walk around with friends, visit buildings and attend events. The auction house opened a virtual replica of it London building within Decentraland. It then exhibited the NFT artworks there, attracting moreRead more. Not all NFT fans are overly optimistic or utopian in their vision for the market. Some see the current craze as a natural evolution for millennials who are already very familiar with purchasing virtual goodies. Cybercurrencies and NFTs are just another new digital format to utilise, says Samson Mow, chief strategy officer. Active to passive. Jill Robbins is a member of the band I’m Jill Robbins. This story was written by Elizabeth Howcroft for Reuters. It was adapted by Jill Robbins for Learning English. The editor was Hai Do. Words in this story are digital. Using or defined by computer technology. Cryptocurrency.