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The outbreak of COVID-19 encourages the rapid movement from traditional store-based selling to digitization. Online sales have increased 52% compared with a year ago.
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In the simplest terms, NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain.
It’s a combination of multiple elements of technology, including virtual reality, augmented reality and video where users “live” within a digital universe.
Supporters of the metaverse envision its users working, playing and staying connected with friends through everything from concerts and conferences to virtual trips around to the world.