Both NFT and the metaverse are hot topics discussed recently. When you talk about the metaverse, you will think of NFT. When you talk about NFT, it will naturally be brought into the metaverse. So what is the connection between them? And what kind of thinking should we use to look at the relationship between the two?
Next, let’s take a look at the relationship between Metaverse and NFT, hoping to help everyone.
We first Take a look at their respective Explanations:
The term Metaverse is composed of Meta and Verse. Meta means transcendence, and verse means universe. Together, they usually represent the concept of “beyond universe”: an artificial space that runs parallel to the real world.
The full name of NFT is Non-Fungible Token (Non-Fungible Token), which refers to the only digital asset based on blockchain technology, that is, non-fungible token. In essence, NFT is a proof of authenticity. Because of its permanent and immutable value proposition, it is indivisible, unique, irreplaceable, and non-replicable.
What really links the two is the well-known blockchain. We can understand the blockchain as a decentralized bookkeeping involving the public In this way, the blockchain is one of the technical foundations for the realization of Web3.0 and the Metaverse. The successful application of blockchain technology has changed the paradigm of economic activities in the virtual space. Economic activities must be carried out based on the rules that participants agree and abide by. In short, the blockchain is a decentralized distributed database, which has the characteristics of decentralization, non-tampering, traceability throughout the process, traceability, openness and transparency, and collective maintenance.
In such an environment, NFT can run on the blockchain, and its non-homogeneity has encryption characteristics, which can guarantee its security, because its on-chain Only allowed members of the database can make changes to the database, so for the popular art collections, NFT is a good way to store important information. At the same time, each NFT is unique, including records in its < /span> The different identification information in the smart contract can also be different from each other.
Carrying virtual assets and virtual identities is the core of the Metaverse, where users can enjoy interesting consumer content, a fair creative platform, a reliable economic system and immersive interactive experience. Blockchain can solve identity and economic problems in the Metaverse. That is to say, in the virtual world, your ownership of a virtual item is not guaranteed by a certain company or institution, but by mathematics and algorithms, and no “intermediary” can take it away at will.
After analysis, it is not difficult to see that for the metaverse, NFT is the bridge and carrier it builds. Everything in the metaverse is digitized, and the emergence of NFT has realized The assetization of metaverse virtual items can realize the transaction of virtual items, making NFT an asset entity of data content, thereby realizing the value transfer of data content.
At the same time, the technology of the metaverse provides NFT with a guarantee of digital asset rights. In the metaverse, people have digital identities and can freely live in a world that is not restricted by the physical world. Life. Blockchain-based NFT assets become unique, unique, scarce and tradable in the digital world. NFT promotes the realization of existing digital content, social relationship capitalization and creator economic system.
In addition, we can also find that NFT has gradually expanded from previous games to art, music, video, cultural creation, etc., and the economic value created It is very impressive, which also proves that Metaverse will broaden and enrich NFT application scenarios, and can solve its problems of lack of liquidity and practical applications. The immersive experience of the metaverse makes the use of NFT closer to real life and increases its use value.
