NFT and Metaverse Ecosystem Overview
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Don´t miss any DeFi, NFT or Web3 insights. Get involved in DeFi & NFTs & Web3 for free!
NFT and Metaverse Ecosystem Overview
- In this blog post, you will get the best overview of the global NFT and Metaverse industry. Below you will find the most relevant NFT and Metaverse projects from different Layer 1s like Ethereum, Solana, Terra, Avalanche, Cosmos, Flow, Polkadot and many more.
- Enjoy searching for the best NFT projects in our NFT and Metaverse Map and Database.
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What does non-fungible (NFT) tokens mean?
- Non-Fungible Tokens (NFTs) are the digital proof of ownership of intangible goods, objects and items. These items are usually unique, scarce, non-replaceable digital assets also called tokens. Blockchain technology is the infrastructure to enable and prove ownership and transfer of these NFTs. Examples of different NFT use cases can be seen below in the next section.
- For our understanding, the top NFT use cases are gaming, music, collectibles, sport, art, tickets, identity, and social media. However, it can also be digital proof of ownership of physical objects such as paintings or other unique pieces.
- Two challenges in the NFT and Metaverse ecosystem are a transparent NFT data feed and fair pricing of all the different NFTs values and goods. Moreover, liquidity and fractionalization are other tasks that need to be solved in the NFT and Metaverse ecosystem. One approach is to separate a non-fungible token by fractionalization into a lot of fungible tokens (with a smaller value than the main NFT) and by doing this to increase the liquidity for that NFT. There are different NFT projects which are working on exciting solutions.
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NFT Use Cases?
- NFTs have a variety of different use cases for non-fungible tokens. Below you will find an overview of the most relevant NFT use cases.
- There are no limits when it comes to NFT and Metaverse use cases, we believe there will appear NFT use cases in the next years which we can not imagine at the moment.
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Gaming and Video-Games
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Traditional Art industry
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Digital Art
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Collecting items and cards (Football, Basketball, etc.)
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NFT & Sport
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NFT & Real Estate
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NFT & Supply Chain
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NFT & Finance
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Social Media (NFT & Twitter)
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Online and offline fashion (Metaverse)
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Music industry (NFT & digital soundtracks)
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Tickets
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Digital Idendity
- Before starting your NFT project or buying NFTs or Metaverse items please talk to a blockchain lawyer and tax consultant to understand risks and tax implications in your jurisdiction.
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What does Metaverse mean?
- The metaverse connects the real world and the digital world. The users interact via their digital personality called avatars and live two lives by using the metaverse, both worlds are merging together.
- The metaverse is a combination of multiple elements of technology, blockchain & DLT, AI, including virtual reality, augmented reality and video where users “live” within a digital universe. Supporters of the metaverse envision its users working, playing and staying connected with friends through everything from concerts and conferences to virtual trips (traveling) around the world via an internet connection.
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NFTs and the Metaverse will disrupt the gaming, collecting, art and social media industry!
- Highlighted partner: MetaGameHub DAO explained!
- Currently, it is very hard to value NFTs. MGH DAO tries to tackle this problem by:
- providing NFT pools (investors do not have to pick single NFTs for their portfolios anymore)
- providing an NFT Price Oracle that ensures transparent NFT valuations through the implementation of machine learning, big data, and smart contracts
- 👉🏼 Learn more about MGH | Twitter
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NFT and Metaverse Ecosystem Overview Map 2021:
- Find the best NFT and Metaverse projects in our NFT and Metaverse Map 2021 by DezentralizedFinance.
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Don´t miss any DeFi, NFT or Web3 insights. Get involved in DeFi & NFTs & Web3 for free!
NFT and Metaverse Ecosystem Overview Database 2021:
- Find the top NFT and Metaverse projects in our NFT and Metaverse Database 2021 by DezentralizedFinance.
- We hope you can use our NFT and Metaverse Ecosystem overview for your research and analysis.
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NFT Newsletters
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NFT Frontends
NFT Service Providers
NFT Secondary Applications
NFT Verticals & Applications
NFT Layer 1 & 2 Infrastructure
Conclusion – NFT and Metaverse Ecosystem Overview:
- NFTs and the Metaverse will be not stoppable, it will be a megatrend for the next 5-10 years. We are at the beginning of an exciting NFT and Metaverse journey and it will disrupt the way how we collect items & art, how we interact with social media, how we play online games, and how we operate with our digital identity in the whole internet and metaverse.
- We hope that you can use this blog article for your research and analytics about the NFT and Metaverse ecosystem and get a first overview of the relevant NFT players.
- Before starting your NFT project or buying NFTs or Metaverse items please talk to a blockchain lawyer and tax consultant to understand risks and tax implications in your jurisdiction.
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We hope you will enjoy your NFT and Metaverse journey with DezentralizedFinance.com!
- Find more valuable information about Staking, Crypto VCs and NFT News at DezentralizedFinance.com.
- RISK DISCLAIMER: All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article’s content solely reflects the opinion of the writer, who is not a financial advisor. Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.
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