The Meta-Morphosis of NFTs: What's Next for the Metaverse? by@alfredodecandia

The Meta-Morphosis of NFTs: What's Next for the Metaverse?

Alfredo de Candia HackerNoon profile picture

Alfredo de Candia

Author of "Mastering EOS" & "Mastering DeFi" blockchain specialist, android developer

Unless you have lived the last year together with the Flintstones, the year 2021 for the blockchain sector was the NFT year. An acronym for Non Fungible Tokens, these digital assets on blockchain allow you to contain any type of information and also can be linked to digital files that, in most cases, are found off-chain and on the IPFS protocol.

We are talking about a real revolution for the blockchain sector as many people have approached this sector or to create NFTs or to buy and sell them, which has led users to inform themselves about the sector and therefore to buy crypto, use crypto wallets, and personally interface with the signature of wallet transactions, while also experiencing the costs that these transactions require.

We are talking about a digital world on blockchain, or rather of digital assets that do not have a world in which to express themselves. That is why, over time and with an acceleration in the last year, parallel worlds are evolving and being born on blockchains that allow you to integrate these NFTs with the digital environment itself.

In fact, if an NFT, for example of a digital painting, is purchased by the user, they can view it in a digital frame at home or see it on the browser of his device; it has little use in producing something at a socio-economic level.

Instead, in a digital world, which in the field of blockchain is understood as a metaverse, you can do and use things in a creative and futuristic way, even being able to wear NFTs or hang them, drive them and so on.

Future or Reality?

The blockchain world has the enormous advantage of evolving rapidly. Already, what was mainstream a couple of years ago - such as ICOs (Initial Coin Offering) - is rapidly being replaced - such as by decentralized finance (DeFi) and recently by the phenomenon of NFT. This is also due to the countless platforms that allow everyone to create NFTs, sell them, and buy them.

This has meant that an increasing number of NFT owners needed to "use" them in some way, and to this need the various metaverse platforms that exist or have been created for this purpose, think of Sandbox, Decentraland and still others, where it is possible to import some NFTs into this world or to buy NFTs dedicated to the related world.

For example in the gaming world we can mention the Blankos game which allows you to have a classic game in which the various characters can also be bought in the form of NFT and added to the collection on our account.

If we move into more immersive entertainment and then interact with other players being NFTs ourselves, then an interesting project is that of the NFTs launched by The Cryptonomist, called Cryppo. They will also have their own metaverse where users can find themselves, talk, play and more given that in the future, there will also be themed tokens that will concern a dedicated DAO.

So, nothing more concrete and how this sector is evolving and always in frenzy as from a digital asset it is possible to expand it to multiple levels and areas, let's take for example the recent case of a sports shoe company that has made shoes NFT to wear in a metaverse, the market is there and is present and stronger than ever.

Surely in the future, we will see more and more this combination and duality between the physical world and the digital world. It cannot just become the norm where, with every purchase of a physical object, we get the same digital object (think of what Hoken Tech did in this case, which connected a physical book to a digital NFT) to add to our avatar or our digital home with all the various devices such as televisions, fashion furniture and more. It will lead to the digital metamorphosis of NFTs and metaverses, also because the first metamorphosis took place - Facebook is now Meta - now it's up to us to evolve in this digital world.