Why are major global brands experimenting with NFTs in the Metaverse? -Breaking
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The blockchain is a key technology which differentiates itself among other technologies. It has solved the double cost with its emergence in 2008. The blockchain technology brought interoperability and scarcity to NFTs. However, blockchain technology has a lot to do with Metaverse. Large companies are experimenting in Metaverse with NFTs.
The term “metaverse” first appeared in 1992 when Neal Stephenson released his science fiction novel Snow Crash. This book shows how humans can interact with one another and software agents like avatars, in a virtual space. It acts as a metaphor to the real world. Stephenson was the first to use the term. However, internet pioneers from the 1970s and 1980s were already discussing the possibility of an internet-based virtual reality successor. They envisioned the internet as a shared virtual world. It is a place in which our virtual world merges with our real one, creating new digital spaces.
Tatiana Revoredo is a founding member of the Oxford Blockchain Foundation and is a strategist in blockchain at Saïd Business School at the University of Oxford. A Massachusetts Institute of Technology expert, Tatiana is chief strategy officer of The Global Strategy. Tatiana was invited to attend the Intercontinental Blockchain Conference by the European Parliament and to Brazil’s public hearing about Bill 2303/2015. Two books are hers: Blockchain: Tudo O Que Você Precisa Saber The International Scenario for Cryptocurrencies: How Do Central Banks, Governments, and Authorities View Cryptocurrencies
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