NFTs & Metaverse: A Match Made In Heaven?
The NFT revolution is just beginning. We all have heard about that famous piece of art that sold for 69 million dollars last year, which blew up the market and turned on the people’s interest in NFTs, but there is still much to know about it. We learn new uses and forms that make them part of our lives every day.
NFTs represent ownership of digital assets and physical assets in the blockchain, with the appeal that what you are buying is unique. Also, they come with two exciting features: decentralization and interoperability, which means that you don’t need the permission of any person or company to buy or sell your asset. In addition, you don’t need to know about codes to acquire an NFT.
Now, we know that an NFT is not just a jpg or an artwork; basically, everything can be an NFT. For instance, an NFT can be a land, can give you attributes of Real Estate, can replace a ticket for an event, can be a patent of intellectual property, can help musicians to sell their songs without a company, and also avoid copyright issues; and even can serve as an identity within the blockchain or as academic credentials.
So, it seems like NFTs have endless utilities.
INSIDE THE METAVERSE
NFTs are the soul of a Metaverse since they can represent any type of assets that the users need to be part of it. The Play to Earn games’ essence is to offer assets that the users can buy and sell in the marketplace in the form of NFTs while they are playing.
Within the Metaverse, NFTs can serve to buy lands, farm, get the things you need to reach other features, and help participate in the governance and exercise the right to vote. On top of that, Play to Earn games allow players to stake NFTs, and also offer NFTs to do airdrops as rewards. Furthermore, players could sell their NFTs on secondary markets.
In Cardalonia, for example, NFTs are represented in three categories: Land, Clan, and Resources. So, first, players can purchase lands to create their experiences, then they will have to belong to a clan between peasants, Lords & Knights, or Royals. Each clan has resources like diamonds, gold, silver, wood, and food.
All these transactions will be through the $Lonia token, built on the Cardano blockchain, which could be used for governance, to decide the future of Cardalonia; staking rewards, access to exclusive experiences, items, content, and more.
When fully launched, there will be designated lands to serve the community for work, play, and wellness purposes, including state-of-the-art meeting rooms, online therapy rooms, world-class concert stages, film festival spaces, meditation lounges, and many other dynamic interactive environments.
As seen, NFTs open a window of possibilities within these news worlds, imaginary but real. NFTs and Metaverse need mutually to exist. While NFTs bring ownership, uniqueness, transparency, and immutability; the Metaverse gives a digital world where everything is possible. That’s why they together are changing the global economy and social experiences, and contribute to the collective desire to live in our own Metaverses.
Written by Danney Velazquez
About Cardalonia
Cardalonia is a virtual world where players can build, own and customize their own experiences on the Cardano Blockchain. We are on a mission to creating an entirely new Metaverse experience on the Cardano Blockchain.
GamePlay: https://docs.cardalonia.io/how-cardalonia-works
Pitchdeck: https://bit.ly/37MgJDz
One-Pager: https://docs.cardalonia.io/one-page
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