Digital property in the Metaverse looks like a lot of different things: skins, avatars, emotes, fungible tokens, and collectibles—and that’s just what we imagine now. But how do we know we own them? Enter, the NFT.
So, what exactly is the Metaverse? It's the next generation of the internet, attracting both attention and investments and holds the potential for endless use cases. Yet, it isn't easy to agree on an exact definition of it. That's what we tackle in this episode.
The Metaverse as a concept has been around for a few decades. However, interest in the virtual world spiked at the end of 2021 following a rise in sales of non-fungible tokens (NFTs) as well as announcements from Big Tech players indicating their interest and investment in the space.
As the Metaverse develops, a spectrum of financial services can play an important role in the evolution of the next generation of the internet. We explore what it would mean for the Metaverse to truly function as an alternate economy through decentralized finance.