Does NFT Promote Exaggerated Advertising Of Real Estate Meta Universe?
NFT, Metaverse, virtual real estate. If you have been paying attention to science and technology reports and news, or even mainstream media, you may have heard of one of these terms. We are all familiar with the word “real estate”. Virtual real estate is as you can imagine.
This is the real estate of the digital world, known as the meta universe. The meta universe is a shared virtual space. It includes the combination of physical reality, virtual reality and physical permanent virtual space. This includes all enhanced virtual worlds and virtual worlds, including the entire Internet itself.
That’s too much. The simplified term actually owns digital land/real estate in the virtual world. This will give you the privilege of building a house on your real estate land. For more intuitive help, check the Sandbox. You may have noticed the name of a famous company buying virtual real estate in this field.
How to own? It’s just a digital project somewhere on the Internet. That’s the point, NFT. These tokens are the main reason for the hype of the real estate meta universe, and there is no sign of slowing down.
What’s going on here?
NFT shocked the digital world. They play a central role in this digital ecosystem, which is very important. Many major news channels are talking about this topic, and some celebrities have also participated in this trend. Although this is not a new concept, in 2014, two artists, Anil Dash and Kevin McCoy, created a work called Quantum.
NFT is a part of the cryptocurrency space relying on the blockchain, a digital account book. NFT is the data stored in the blockchain, which can represent any form of digital project, even the latest physical project. NFT provided the ownership certificate of these digital assets and undeniable evidence, proving that these digital assets are unique and non exchangeable.
The uniqueness of NFT
The abbreviation NFT represents an irreplaceable token. For example, Fiat phones are interchangeable. One dollar for one dollar, there will still be one dollar. But if you trade NFT for another, there will be something completely different. NFT can be tracked in the blockchain. Because of its unchangeable nature, everything is recorded and can never be changed or deleted. This is the charm of NFT. They use blockchains such as Ethernet to record their data to provide proof of ownership.
NFT aims to provide non repudiation of the ownership of digital assets. Variable data stored in the blockchain provides a very secure way to ensure this. NFT consists of a password hash, which is the only string used to verify the uniqueness of digital assets. They work together with intelligent protocols, which are programs running on the Ethernet blockchain, and users can interact with them through transactions.
Isn’t it real estate?
NFT is the core of all this. They will give you proof of ownership of digital items. Real estate in the virtual world can also become NFT. In short, this will be a land contract.
In view of this, as a very real concept, the meta universe has great potential, which benefits from the development of NFT. The virtual real estate assets you actually own are becoming more and more popular. Back in the sandbox, this is not the only place to live. Other worlds such as Distributed, Highland and our own ESPA also have unique assets.
For many years, even decades, people have been dreaming of this. The word “round universe” seems to have been conceptualized for the first time in Neil Stephenson’s science fiction. He described the Internet punk world, with topics including cryptography, computer science, religion and philosophy.
Neal works in Magic Leap, a VR technology company that studies new topics and directions of VR technology. If the big guys start to join, the Meta universe will become very real. It is too early, but with the progress of technology, we have seen tremendous development and leap. NFT has aroused people’s attention to space. The introduction of blockchain supported technology undoubtedly promotes the exaggerated advertising of the virtual real estate meta universe.
Circular universe
The popularity of NFT in other market segments and markets has also promoted the exaggerated advertising of the virtual real estate meta universe. As people pay more attention to this technology, they will study other fields to increase the publicity of projects related to the meta universe. As people begin to see the value of art and other fields, real estate and other fields will also perceive the value.
This is not only helpful for virtual real estate, but also for speculating on the assets available in the meta universe. Most of these worlds have NFT in the form of goods, buildings, fashion, etc. NFT gives ownership to digital assets, so it is more attractive to own and buy these items.
Important role of NFT
As mentioned earlier, NFT is not just about developing the meta universe. They are also valuable in the fields of art, fashion and online games. Art, especially
Remarkably, when an artist sells NFT, he will get a discount whenever his work is transferred.
Fashion is beginning to see its potential. Gucci and other companies are already trying the possibility of NFT. They not only consider attaching them to real world objects, but also consider making some digital objects. Take your vision to the favorite place of the Mehta universe.
Not only big brands, but also companies like Digitalax have developed this field and created fashion in this future world. They provide a beautiful part of your entry into the meta universe. This shows how much potential people see in space.
As you may have guessed, online games are a big industry NFT can enter. Reviewing the sandbox map, we can see that Dali and the roller coaster chaebol have purchased virtual real estate(a considerable amount). Purchase NFT in the game will own the project. This is not just a part of your account owned by the company, but your goods. You can trade or sell assets at the right time. All these have been verified in the blockchain. You can do whatever you want with your property.
This is of great significance to the game. Even platforms like IMVU have more than 7 million users every month, and they also pay attention to the Meta universe. Go ahead and imagine a decentralized virtual space managed by creators, modifiers, developers and players. This is the goal of enterprises such as ESPA. Creating an e-sports platform that benefits all participants usually does not handle all necessary industrial political approvals.
What is the next step in the NFT and Meta universe?
In recent years, AR and VR technology has made a leap in the development of becoming the core physical technology to help people experience and purchase virtual assets. It is confirmed that digital transactions need to use and query assets. VR will allow people to visit their virtual real estate sites with their own feelings. AR will allow people to dress in physical/virtual space and experience their fashion projects.
Speculation is very real; virtual real estate is also very real. All virtual assets are irreplaceable tokens, even the land you purchased. It’s like evidence of ownership; before selling, make sure it’s yours. There are many possibilities for technologies supported by this blockchain. Ethernet is not only what you need to study, but also the latest. NFT has proved to be a promising solution to the problem of plagiarism in the fields of art, fashion and online games. Focus on this space!