It is said that it’ll be accomplished through NFTs. Non Fungible Tokens. You can think of NFTs as tokens, that exists on the blockchain, and can prove the ownership of any digital asset. How would you prove that you own a particular digital land in the Metaverse? An NFT will prove it. Nowadays, it is being used to buy or sell the ownership of memes. NFTs can be used to verify the tickets to a concert also. If someone holds a virtual concert in the Metaverse. It is something that some singers have already done it.
Virtual reality concerts. In it, they get up on a digital stage and perform, and you see them as animated figures and see them perform. It can be used there as well. Last year in September, singer Arianna did this but by combining them, and creating a true Metaverse will take a lot of time. Mark Zuckerberg estimates that it would take about 5 to 10 years, for the key features of Metaverse to become a part of the mainstream. Several experts believe that it would actually take decades, before something akin to the Metaverse could become so popular, that majority of people would be using it.
Many people believe that Metaverse is inevitable. It is bound to happen someday. The next thing after the internet would be the Metaverse. But a critical question arises here. Will this Metaverse be successful? Is there a demand for it? Does anyone want it? And it is a very interesting question.
