A typical day in the metavese – an immersive virtual world shared – can have long been expected in the familiar world in which we live. We will visit shopping centers, cross the city, meet friends in cafes and exchange contacts in a manner that seems surprisingly real – thanks to rapid progress in virtual reality and 5G communications.
Metavors have existed for decades in the form of multiplayer online games. But we could soon enter an era of immersive experience barely distinguished from our real world – to promote new modes of interaction for players and non -players.
The new generation metavals of prototypes such as DECENTRALAND and SOMNIUM SPACE are already showing the beginnings of the real company, with individuals regulating land, interacting socially, exchanging goods and affirming property rights. Any society (physics or virtual) needs a functional economy. And in the metavers, the economy depends on the authentication of digital properties, such as its house, the car, the farm, books, clothing, clothing and furniture from Metaverse. To flourish, he also needs the ability to travel and exchange freely between the kingdoms that could have different laws and rules.
Non -spoiled tokens – The recordings of the digital property stored in the blockchain – will be the spin of metovers economy, by allowing the authentication of goods, goods and even identity. Given that each NFT is secured by a cryptographic key which cannot be deleted, copied or destroyed, it allows robust and decentralized verification – of its virtual identity and its digital goods – necessary for Métaveverse society to succeed and interact with other metavers.
Beyond the media threshing of digital art sales of several million dollars, the importance of NFTS can consist in allowing the beginnings of something that resembles a real human society, based on free markets (for goods, services and ideas), independent property and social contracts, to flourish in the metaver.
“NFTS has really started initially with the side of digital art. But it will be much more powerful, ”explains Eric Anziani, COO de Crypto.com. “It will be the tool that represents any digital type of assets in virtual worlds in the future. The applications are therefore enormous. »»
Real estate development in a new courageous world
Walking in Decentraland, you discover people who discuss fountains, buyers in fashion shops, joggers on seaside walks, Casino deales inviting guests to high stakes poker.
These interactions are the spontaneous result of the development of virtual real estate by people who have bought land and constructed environments which capture the imagination of other decentral inhabitants and.
The experience is far from being super realistic (and decentral creators and themselves say that the world is still in its “iron age”). However, even in these first iterations, the potential is clear. As in physical communities, people flock to interesting places in the metavers. And popularity naturally increases the value of virtual land – exactly like in Paris or Beverly Hills.
A key economic concept of decentraland and other metavages is the contiguity of the land. All metavese plots are contiguous to others to a fixed location – in a finished geography. This creates a rarity due to the limited quantity of the real estate offer. And rarity allows the value of the property to increase and decrease, according to the universal laws of supply and demand.
A framework is thus created to, according to the decentral manifesto and “a social experience with an economy motivated by the existing layers of land ownership and content distribution”.
NFTs allow real estate transactions that stimulate metavers. These tokens provide an undeniable proof of property safer than any land act.
“For Metaversse property rights, you simply cannot simulate it because of how intelligent contracts are defined and the NFTS have programmed,” explains Anziani. “You know you have an active ingredient and that you can fully demonstrate the property. Based on the terms and conditions of this virtual environment, you can then assert property rights. »»
