The Metaverse and the Innovation of NFTs

Metaverse, a simple word that entails a significant message to it, is a broad subject matter that encompasses human connection and technology. As people become more and more reliant on the internet, the need to adapt to the changes is imminent. With Facebook’s announcement of rebranding its name to Meta, people all over social media platforms were either excited or confused. The movement somehow looks like it was taken out of a science fiction movie, which makes it hard to believe that we are actually engaging and incorporating virtual reality in our daily activities.

Online and offline chores will now come hand in hand. The debut of metaverse will influence the way we normally live our lives. Transportation, work arrangements, outdoor activities, communicating with friends, shopping, fitness, etc., almost every human activity will take into account the innovation of the virtual space. Utilizing the technology in our hands will save us a lot of time and effort while still providing the same quality output.

This technological advancement will also allow us to redefine concepts and values. Our social life will be shaped differently, as augmented reality can now be used as a platform to integrate our hobbies and desires.

Almost anything that can be imagined and learned by the human mind can now be digitized. Books, toys, spaceships, planets, buildings, name it. As we indulge in the digital world, we cannot ignore the booming environment of Non-Fungible Tokens, or mostly referred to as NFTs. NFTs are any intangible assets that sit in a blockchain imbued with a distinct hash code that makes it unique and original, should it be copied or duplicated for some reason. NFTs’ value may change over time depending on their rarity and demand.

Within the metaverse, the use of NFTs will become more proactive. People would want to avail digital assets for themselves, whether it be a piece of music, an art, or whatever you may that has its own inherent value. The dire need for these demands leads to the creation of NFT projects.

NFT projects may be in the form of games, writing, artwork, voxels, etc. One great example of a voxel NFT project is the Nouns 3D, a community-driven project that offers 3D avatars which are called Nouns. These avatars are minted, trustlessly auctioned every 24 hours, and are generated randomly based on the Ethereum block hashes. Each voxel possesses its respective accessories and features. Nouns are created to promote identity, unity, governance, and a treasury that can be used by its community. In the virtual space, these animated avatars will prosper.

A remarkable example of an NFT art project to date is the Pixlr Genesis. Tracing its grassroots back to its first medium Pixlr.com, a website that offers photo editing options, Pixlr Genesis is a revolutionary art movement that aims to adapt and participate in the league of NFTs. The project aims to become an astounding digital museum that will display thousands of unique NFT artworks with varying levels of rarity all over the internet. This will empower the next generation of artists and art enthusiasts to share their insights and expressions through art within the metaverse.

The moment for change is right in front of us. Digitization is the future. Technology will continue to thrive and exceed established standards and expectations. NFTs will also become an indispensable part of the virtual world that is yet to be fully experienced.