Why are major global brands experimenting with NFT in the Metaverse? From Cointelegraph


Blockchain is a core technology that differs from other technologies having solved the double expense with the emergence of the blockchain in 2008. Non-fungible tokens, or NFTs, have been driven by blockchain technology which has brought scarcity and interoperability to non-fungible tokens . But what do blockchain technology and NFTs have to do with Metaverse? Why are large companies experimenting with NFT in Metaverse?

The term “metaverse” first appeared in 1992 when Neal Stephenson published his science fiction novel. Snow accident. In this book, humans interact with each other and with software agents such as avatars in a three-dimensional space that serves as a metaphor for the real world. While it was Stephenson who first used the term, the idea of ​​a successor to the internet based on virtual reality had already been discussed by internet pioneers in the late 1970s and early 1980s who envisioned the internet. of the future as a shared virtual space. A place where our physical world merges with the virtual and creates new digitized spaces somewhere in between.

Tatiana Revoredo is a founding member of the Oxford Blockchain Foundation and is a blockchain strategist at the University of Oxford’s Saïd Business School. In addition, she is an expert in blockchain business applications at the Massachusetts Institute of Technology and is chief strategy officer of The Global Strategy. Tatiana was invited by the European Parliament to the Intercontinental Blockchain Conference and was invited by the Brazilian parliament to the public hearing on Bill 2303/2015. She is the author of two books: Blockchain: Tudo O Que Você Precisa Saber Other Cryptocurrencies in the international scenario: what is the position of central banks, governments and authorities on cryptocurrencies?