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.
As the world goes digital, the creative team behind brand new metaverse DecentWorld took on the ambitious goal of digitizing every street on the planet. By accelerating blockchain adoption and metaverse development worldwide, DecentWorld wants to set the standard in sustainability and climate-awareness whilst enabling its users to buy digital real estate.
Web3 networks, cryptocurrencies, and NFTs are the technologies that will form the basis of the metaverse. Although blockchains like Ethereum face challenges relating to scalability, costs, and speed; even as we speak new technology is constantly being developed and new solutions brought forward, accelerating the creation of the metaverse.
NFTs Are a Gateway to the Metaverse
Blockchain technology enables complete decentralization and drives the community through inclusion. These are some of the most important pillars for supporting a fair and functional metaverse. Users can get involved in the metaverse by purchasing virtual real estate through the recently launched DecentWorld platform. There they can buy, collect, resell, or stake the platform’s Streets — digitized NFT versions of every street in the world.
The ownership of digital real estate in DecentWorld is proven by carefully crafted certificates pertaining to the minted Street NFTs. In this gamified setting, the ownership of virtual real estate can be translated into in-game gains; anyone can participate in the unique DecentWorld economy, powered by its native DWRLD token.
Developments in the NFT market are widely celebrated. This is because, for the next phase of NFTs, projects that bring utility to the market will thrive and have the potential to affect much larger swathes of the general population. By growing out of catering exclusively to the art market, and entering the gaming industry, NFTs unlock the potential to reach new audiences and forever change how digital objects are valued.
DecentWorld to Offer Green NFTs
Blockchains and the minting of NFTs have a complex legacy of high levels of greenhouse gas emissions. To address the growing awareness of the environmental impact NFTs have had, the DecentWorld team deliberately utilized the blockchain technology only where it was needed.
"We truly believe in blockchain technology's future, which has opened up possibilities for new virtual worlds and new, more decentralized economies worldwide. So we are putting in the effort to push it even further, to overcome the environmental challenges," the project's team explained. While accommodating a community-generated economy, DecentWorld is also dedicated to its environmental efforts, with a certain part of profits being allocated to green funds worldwide. 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.
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7] You can always unsubscribe with just 1 click.
