Bitcoin and NFT Metaverse
Metaverse and NFT are emerging trends in blockchain technology, most commonly used to establish ownership of digital assets such as digital art. These technologies, combined with the next generation of the Internet, Web 3.0 or “Web3,” will lead to the creation of a large scale, decentralized virtual world, or “metaverse.
Bitcoin and NFTs
Bitcoin has long been known for its financial utility, but not so much for its NFTs. Recently, however, bitcoin NFTs, or Ordinals, have gained popularity. The bitcoin network has surpassed Solana in NFT sales in the past seven days and is now second only to Ethereum.
With Bitcoin’s market cap more than twice that of Ethereum and the fact that all of Ordinals’ data is on-chain, there is room for further growth for Ordinals. Since its introduction in December 2022, Ordinals has created 9.3 million inscriptions and its popularity has skyrocketed.
Bitcoin and the Metaverse
Metaverses began to emerge in the gaming world with the development of virtual reality technology and the rise of massively multiplayer online games. While these early metaverses were limited in scope and self-contained, visions of future “metaverses” are far more ambitious.
The term, which refers to a large-scale sustainable virtual environment, is used to describe an immersive, Internet-connected structure that serves as a shared reality for its users. The concept of a metaverse is imagined as a world in which people work, buy, sell, and interact.
The many technologies underlying the metaverse, the inclusive Web3 network, cryptocurrencies, and NFTs, will likely have to grow and evolve in stages, much like the backbone of the Internet in the 90s.
※Reference URL①:The NFT Metaverse: Building A Blockchain World
※Reference URL②:This Week in the Metaverse: Bitcoin ups its NFT game, surpassing Solana in weekly volume
Click here for related products and services
1.GMO Internet Group’s [GMO Coin].
2.Ledger cryptocurrency hardware wallet
3.Complete tedious virtual currency profit and loss calculations in an average of 10 seconds.【Cryptact】
