NFT prices skyrocketed beyond expectations in 2021, attaining a market value of $22 billion and marking blockchain technology’s first significant breakthrough as it reached a broader audience. The metaverse, dubbed “the next iteration of the internet,” will truly be brought to life in the upcoming years, and NFTs are bound to be the building blocks of these virtual worlds.

Digitalization is a trend that has accelerated around the world, and the team behind DecentWorld’s brand new metaverse set ambitious goals to digitize all streets. DecentWorld aims to accelerate blockchain adoption worldwide and to facilitate metaverse development. This will allow its users the ability to digitally buy real estate.

The technologies which will be the foundation of the metaverse are NFTs, Web3 networks and cryptocurrencies. Blockchains can face difficulties in scaling, cost and speed, but new technologies are constantly being created and presented to accelerate the creation of the metaverse.

NFTs Provide a Portal to the Metaverse

Blockchain technology allows complete decentralization. It also drives inclusion and community. These are essential pillars in a functioning metaverse. Through the DecentWorld platform, users can purchase virtual real estate. There they can buy, collect, resell, or stake the platform’s Streets — digitized NFT versions of every street in the world.

DecentWorld certificates that prove ownership of digital property are created using Street NFT tokens. The ownership of virtual property can be converted into game gains in this gaming environment. Anyone can take part in DecentWorld’s unique economy powered by the native DWRLD token.

It is widely known that the NFT market has made significant progress. The reason is that projects that add utility to NFTs’ next stage will prosper and potentially impact larger areas of the population. NFTs are able to expand beyond the traditional art market and enter the gaming sector, which opens up new opportunities for reaching new people and changing the value of digital objects forever.

DecentWorld offers green NFTs

High levels of greenhouse gases have been a legacy of NFTs, blockchains, and NFTs. DecentWorld used the blockchain technology in a limited way to reduce the negative environmental effects of NFTs.

“We believe that blockchain technology has the potential to open up new worlds and more decentralized economies. We are making every effort to improve it, and overcome environmental problems,” explained the team behind the project.
DecentWorld supports a community-generated economy but is committed to environmental initiatives. A portion of its profits will be allocated to green funds around the world. The DecentWorld team also shared that the NFTs will not only pertain to the digital real estate on the platform – in the upcoming project stages talents will also be able to showcase their art NFTs via virtual galleries.

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