Are we yet to unlock the full potential of NFT technology? It seems that the answer is somewhere in-between. The world is seeing a variety of NFT applications, which will help lay the foundations for NFT technology’s long-term utility. Although individual NFT prices fluctuate, they are approaching maturity after the initial boom.

Swiss-founded metaverse DecentWorld was one of the first to create real-world value through NFT technology.

Users can roam the platform to obtain digital copies from any street in the world. In the first months following the platform’s launch, DecentWorld sales have already reached $19 million.

Next Level NFT Use Cases

DecentWorld’s metaverse is the best place to find NFT cases. It was the first to create the actual world using NFTs and opens it up for the digital community.

Non-fungible tokens, or NFTs, have seen a lot of popularity in the last few years. NFTs were primarily used to make collectibles, NFT artwork, and gaming components. NFTs have not achieved success solely because of the revolutionary blockchain technology, but the communities around it.

Many believe the utility and enduring value of NFTs is what will determine their long-term relevance. NFTs are a popular choice for collectors and enthusiasts due to their intangible nature. The technology is capable of unlocking new opportunities for brand engagement and commerce.

DecentWorld’s creative team is optimistic about the future of metaverse. This would be possible without NFT technology.

The metaverse is cutting-edge technology. Many aspects, such as hardware, are not yet fully developed. You must have a long-term view when developing metaverses. “We are not planning for tomorrow but we plan for years, decades and the future,” said the team.
DecentWorld decided to not create another fantasy world like other metaverses. Instead, it focuses on the real world. Apart from creating NFT-based collectibles, the creative team envisioned a new use case for NFTs – the virtual ownership of real-world assets.

According to definition, there can be only one metaverse. This perspective leads to the creation of something, not like an imaginary land but something that is real, a replica of Earth, explained DecentWorld.

Building Digital Communities

NFTs are valuable because of their ability to connect with the community and the entire ecosystem. DecentWorld’s team points out NFTs offer great potential in sports, commerce and entertainment. This is a better way to reach fans and create new revenue streams for businesses.

We made the very deliberate decision to create an environment that is based on the real-world. A real-world environment allows for easier integration of many different things. Let’s say that you own a store or bar. It must have a physical location even though it is an internet-based business. Typically they also have an ‘analog’ presence, so it becomes much easier to integrate these businesses into our environment,” the DecentWorld team underlined.
DecentWorld creators aim to create a completely decentralized platform that combines entertainment and e-commerce. With huge updates in the pipeline for this spring and summer, DecentWorld is also working on its future development.

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