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Angelika Candie
Angelika Candie

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Enter The Metaverse With Metaverse NFT Marketplace Development

The word Metaverse is known globally today after Facebook announced that its parent company will be called Meta or Meta Platforms. This made a lot of people curious about Metaverse. It might sound like a term from science fiction novels or movies. It is indeed a term coined in a science fiction novel but 30 years back. Now, the metaverse is the trending technology.

Many entrepreneurs are looking forward to entering this Metaverse through Metaverse NFT marketplace development. Startups and techno-geeks are showing their keen interest in entering the metaverse. While everyone is thinking about it, take the first step in entering the metaverse. Here is a quick guide and everything you need to do to get into Metaverse early.

Getting deep into Metaverse

Metaverse is a digital virtual world where you can co-exist as you do in the real world. Virtual world? Some virtual reality games might strike you. Where you are physically in the real world but can do things in the game. Have you heard of Augmented reality? Games like Pokemon Go must strike you.

Metaverse mainly uses Mixed Reality where you can stay in the virtual world similar to that of the real world and do things using objects from the real world in the virtual world. It is a combination of a number of powerful technologies like VR, AR, XR, artificial intelligence, the Internet of Things, Blockchain, cloud, and others.

What is the future of Metaverse?

Metaverse is a technology that will reach billions of people around the world within the next 10 years. The covid 19 pandemic has made the process of evolution of metaverse quicker and it is already reaching people. Looking at the technology involved you might think Metaverse will be a great platform for gaming. It is indeed, but its application is more than that, it is way beyond your imagination. Metaverse can be used in

  • Business
  • Education
  • Gaming
  • Entertainment
  • Real estate
  • Social interaction, etc.,

There are a number of metaverse projects that are being tested with a beta version while you read this. There are also a few metaverse gaming applications that came out for the public.

NFTs the currency of Metaverse

Can you imagine a country without a currency? Metaverse is a whole new world that definitely needs a medium where people can buy, sell and own things. Non-Fungible Tokens on the blockchain networks offer exclusive ownership to digital assets. The ownership is created through smart contracts and registered on the blockchain. It is unhackable and free from threats that any digital asset owned will belong to the owner unless he sells it to someone else.

Did you know Hampton Hall, an 11 bedroom mansion in London is now an NFT in the metaverse? There are a number of brands showing their interest in entering the metaverse recently.

Trending Metaverse projects in the news

There are a number of Metaverse projects successfully being tested. Almost every one of them was trending on social media. A few of them are listed below

Removing Geographical barriers in Business:

Meta a.k.a Facebook’s business meeting platform called Horizon is one of the hot trends. It uses Oculus extended reality headsets which gives an extraordinary virtual experience to the users. It is a platform similar to Zoom, where people can attend meetings virtually.

Microsoft also introduced a similar platform called Mesh for the same purpose

Metaverse Gaming:

There are many metaverse games already existing and running successfully among the public. Epic Games and Roblox are supporting metaverse gaming.

Games like Decentraland, Sandbox, Axie Infinity, and others are getting a welcoming response from people hitherto.

Metaverse on Social Interactions:

There are several small projects coming out recently that people even started to host their weddings in the metaverse. There have already been two weddings hosted in India on the metaverse which helped people meet together on an occasion virtually.

Metaverse Storefronts:

Luxury fashion brands have started establishing their brands in the Metaverse with their Storefronts. They offer digital versions of their accessories in the metaverse. Nike has already launched this NFT storefront in Robolox’s metaverse recently.

Apart from the above-mentioned metaverse projects, there are other projects under the development stage and getting the most attention. Of which, entrepreneurs find Metaverse NFT marketplace development a potential opportunity to enter this virtual world.

Understanding Metaverse NFT marketplace development

Many brands now are trying to establish themselves in the metaverse. People exist in the form of 3D avatars in the metaverse and they will need digital assets to exist as they exist now. A Metaverse NFT marketplace is a decentralized platform where people can buy, sell and trade digital assets like avatars, accessories, collectibles, etc. A marketplace is similar to the shops we find for things in the real world. Metaverse NFT marketplace development has a strong futuristic potential in the coming years.

  • Getting into NFT marketplace development in metaverse will help in expanding the technology further.
  • Owning a Metaverse NFT marketplace will help in establishing the brand with the emerging technology.
  • Having an own marketplace for the brand will help in eliminating the third-party interference and costs associated with it.
  • Adopting an emerging technology early will have profitable future benefits in this field as the metaverse technology is already getting huge attention from the public
  • NFT marketplace development in the metaverse is not as tedious as it sounds. It is a simple process when done with experienced developers.

Key Takeaway

Metaverse is an emerging technology in recent times which is getting a great response from the public. Adopting this technology early with Metaverse NFT marketplace development has a promising future. If you are an entrepreneur looking forward to getting into Metaverse with the NFT marketplace, you can get in touch with skilled developers in this field. You can collect insights from them and start the development of your innovation with them. Land in the metaverse soon.

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