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Understanding NFTs And Metaverse – Dataconomy

1 min read
Understanding Nfts And Metaverse - Dataconomy

The world is constantly changing. Each day, new technologies and concepts are coming up. Just consider the time when Nokia ruled the world of mobile phones with their great feature phones. Now think how this space that Nokia occupied has changed since then. Today, smartphones and significant manufacturers like Apple, Samsung, and Xiaomi have dominated the mobile phone industry. Nokia is no longer among the top three competitors.

Within the digital space, significant changes are also taking place. New concepts like non-fungible tokens or NFTs and the metaverse have emerged. These two concepts have spawned a lot of media and public interest. In the same way, they continue to create more confusion and questions regarding what they are or represent.

It is essential to understand NFTs and the metaverse, including their potential integration. That’s because of the real-life applications of NFTs by investors, including artists and businesses. The availability of technologies like virtual reality (VR), Artificial Intelligence (AI), Augmented Reality (AR), and blockchain bring the opportunities for NFTs and the metaverse ever closer.

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