NFTS Are Escaping the Metaverse – Bringing Tokens to Reality

[waybesuricata]

NFTs are Escaping the Metaverse. How do we know this? NFTs became a part of real-life events in 2021. It seems the bridge between the metaverse and non-digital reality is well and truly built.

The metaverse exploded in the last 12 months. The explosion of DeFi brought with it over 4 million DeFi users on the Ethereum network. A spike in interest in DAOs brought power back to communities. Digital currency had all-time highs. But in the metaverse, it was the year of NFTs.

Non-fungible tokens (NFTs) are now everywhere. They take the form of pixelated photos, real estate contracts, entire studio albums and other digitized aspects of reality.

The popularity of these digital assets blew up in 2021. NFTs are a new way to monetize creative output. And, they can escalate interaction within communities.

The communities around NFT creators help foster success. Artists and musicians can fund their own projects via NFTs. This is without institutional support. While NFTs need their digital communities, they also create them too.


Source and continuation of news: https://beincrypto.com/nfts-are-escaping-the-metaverse-bringing-tokens-to-reality/