Non-fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream. NFTs have suddenly captured the world’s attention.
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.