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What is Blockchain and NFT?

Blockchain is a base of thousands of data that is shared across a network of computers. Once a record is added to the blockchain, it is very difficult to change or make other things. To ensure that all copies of the database will remain the same, the network performs constant checks. Looking for nft marketing services Malaysia? Go to AIO Metaverse.

 

Blockchain has been used to support virtual currencies such as bitcoin, but many other possible uses have emerged.

 

What is a Non-Fungible Token or NFT?

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Non-exchangeable tokens (NFTs) are a new type of virtual asset that has fueled a lot of growth in the metaverse.

 

NFTs represent intangible digital items such as images, videos, or in-game items. The owner of the NFT is recorded on the blockchain, allowing the NFT to be traded in lieu of the digital asset it represents.

 

Then, what is the relationship between NFT and Metaverse?

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Related. Without the Metaverse, we would still be strangers to the NFT.

 

So, it started like this, around December 2021, Mark Zuckerberg changed Facebook’s name to Meta. As a form of rebranding Facebook. Then, Mark creates a kind of medium or virtual space in the form of 3 Dimensions which is called the Metaverse.

 

Mark describes this Metaverse as a “virtual environment” where you can go anywhere without having to move from where you are currently sitting.

 

More or less exactly the same as the Netflix movie Ready Player One (2018). This sci-fi and fantasy film tells the story of the future. Everyone inside this could enter the virtual world called Oasis. To make them feel more real in the real world, players use VR for interaction. There, they can interact, play, shop, sell goods, until they meet their idol (this is real, you know!).

 

So, what does this have to do with NFT?

 

NFT is like a product in the Metaverse. For example, for example, if you have NFT Art, later on, the NFT that you have can really be displayed or displayed on the Metaverse. This way, of course the digital assets that you have will be even more useful! That’s also one of the reasons that makes Metaverse able to increase the use of the NFT as a digital token. Interesting, right?

 

So, how about Zenius, do you think you are interested in the concept of a virtual world like this?

 

Buyers can also trace ownership back from an NFT to the creator without an intermediary or auction house to confirm.

 

The difference between crypto assets and NFTs lies in their limitations.

 

If the crypto asset is a coin that is traded for a certain amount, the NFT is the value of a finite number of digital artworks, the owner of which has exclusive exclusivity to the digital work.

 

Example of NFT with Metaverse

 

If you want to meet your girlfriend virtually, you’ll definitely need a rose for her, or a special treat for the party. You can buy them all at NFT. This is where NFT comes into play. You just need to buy it from NFT Marketplaces. It is the same concept like you need a weapon after you enter the battlefield of the PUBG Virtual World. Similarly, virtual lands must also be purchased on Metaverse from the NFT Marketplace. So in this way, NFT and Metaverse are actually close related to each other.

 

However, the Metaverse is still in its infancy. It is only now that the technology that will be based on it is being built. The metaverse will begin to take shape as virtual reality develops, the internet becomes more widely accessible worldwide, and the use of blockchain becomes widespread. This new perspective has also been built into the NFT initiative.(*)