With Web 3.0, several new concepts have emerged that aim to position themselves among the users of the blockchain platform such as bitsoft360ai.com/ and all that it implies.
Virtual reality, gaming, and cryptocurrencies are the new language of successor generations and big investors.
The three most used terms from mid-2021 to date will be defined below to understand the subject.
What is an NFT?
Although its origin dates back many years, it should be noted that its greatest boom occurred in 2021, when private users, famous entertainment artists, and show businesses began to get involved.
Non-fungible tokens, represented by their acronym (NFT), represent an authentic and unique digital asset that belongs exclusively to its creator and can be auctioned or sold even for millions of dollars.
Its main objective is to position itself in the digital market to increase the acceptance of Blockchain users and investors, promoting a higher investment rate in this new digital art concept.
With the announcement of the creator of Facebook, where it would become Meta, it generated great movements in terms of NFTs, to the point that its sales increased thanks to this new virtual reality called Metaverse.
One of the most ethereal moments for the Metaverse was the announcement from the creator of Facebook, where the thriving social network changed its name to Meta, creating a buzz and achieving notable sales of digital assets like land in the Metaverse.
It was revealed in the last week of October that over $106 million worth of Metaverse land was sold in seven days.
Where does the interest in NFTs come from?
The million-dollar profits generated by digital works of art and the subsequent auctions organized by traditional art galleries, which are beginning to immerse themselves in this new concept, are the main interest of NFTs.
Everything revolves around the profits received by digital artists, who by the mere fact of having a certificate of authenticity, are owners of digital assets that can be worth thousands or millions of tokenizable dollars.
What is the Metaverse?
The Metaverse is the new proposal for a universe based on virtual reality, where anyone who wants to be part of it must create an avatar that identifies it as a graphic representation of the 3D universe.
Many renowned technology companies invest their capital in such an impressive proposal since they see beyond a simple strategy of immersing the human being in a digital environment.
These large corporations intend to generate multimillion-dollar income by creating devices and equipment that adapt to users’ needs, from 3D Vision glasses to practical and comfortable mobile devices to be part of the Metaverse.
What does play-to-earn mean?
As its name suggests, Play to earn is the new concept where countless people worldwide play for money.
Although many of the famous e – games users play for pleasure, it is expected that in a few years, all users will consider that the time invested in these applications should be reimbursed.
There will even be great controversy regarding how this application pays its users for completing specific tasks, where the reward will be money as a traditional figure and cryptocurrencies.
Electronic games representing Play to Win pay you for the attention you give to the game and the time you spend.
Conclusion
These three concepts that have recently set the standard are related because they are all interconnected through technology.
It may sound exaggerated, but it is not. If we analyze in-depth, we can find that all these technological applications are based on and intend to work on the Blockchain platform.
Cryptocurrencies have taken over the digital market; their impact on the world economy will be more significant; We must understand that they are the future currencies, and they will carry out most of the transactions with digital currencies or cryptocurrencies.
Looking closely during and after the COVID-19 pandemic, more platforms have offered Internet users new ways to generate income from home.
It is interesting the transformation that video games and digital currencies have had to go through to get to where we are today, where constant evolution allows us to take advantage of countless opportunities to make juicy profits.
The tools are created, the options available to everyone, and the way to execute the actions are defined by each user.