Whilst metaverse for some is still a complex concept to bite into, those already getting involved have no doubt of where to begin. With the sale of digital real estate NFTs alone being predicted to exceed $990 million this year, there is no doubt – the non-fungible tokens are here to stay and those eager to be a part of the future should be getting on board now. The creators of brand new metaverse platform DecentWorld have taken a bold step toward bringing NFTs to the metaverse and GameFi industries.
As the world actively moves from the physical realm to digital, experts forecast a clear future for NFTs in the gaming and metaverse industries, as unique digital assets seem to be the apparent building blocks for ownership in such virtual worlds. DecentWorld holds the ambitious goal of digitizing the real world, thereby accelerating metaverse development worldwide.
Every Street & Building As NFT
Developments in the NFT market are widely celebrated as projects that bring utility will thrive – at least for the next phase of NFT development. In growing out of exclusively catering to the art market and entering game industries, NFTs have the potential to reach new audiences and forever change how digital objects are valued.
DecentWorld team argues that games are the means through which to introduce a mainstream audience to NFTs and the larger crypto world, as NFT items in games represent a far more attainable acquisition than in the digital art market.
“As metaverse is bridging physical and digital worlds, owning digital unique items is crucial to participate in metaverse communities. And NFTs are here to become that bridge,” DecentWorld team claims.
With most metaverses focused on creating fantasy worlds, DecentWorld is taking a different approach by offering real-world objects and assets to its users.
What is more, players of DecentWorld can find digitized versions of almost every single street in the world. In the upcoming months the team expects to deliver digitized buildings as well. By collecting Streets and Building NFTs around the world, players will be able to participate in an internal game economy by trading and staking their Assets.
“We draw from real world principles. So, if owning physical real estate is beneficial for the owners because they can use it, rent it, or sell it, we want to enable those same things for our users. That is why we opened up our Secondary Market for trading, and that is why we will launch our 3D environment with possible environment customisation functionalities. We will also introduce a certain fee structure that would benefit Asset owners,” the team explains.
Blockchain Technology Changes the Digital World
New solutions are brought forward every day, speeding the creation of the metaverse. Web3 networks, cryptocurrencies, and NFTs are the technologies that will form the basis of the metaverse. Even though blockchains like Ethereum face challenges in scalability, cost, and speed, new technologies are constantly being developed.
Blockchain technology enables full decentralization, and activates the community through inclusion. These are some of the main pillars that support a fair and functional metaverse.
“We truly believe that the metaverse is an experience that spans both the digital and physical worlds. DecentWorld, in my view, has the best of both worlds. The idea of the metaverse and digital worlds have been present for a very long time, but blockchain technology finally makes it possible to accomplish,” the DecentWorld team says.
DecentWorld is a Swiss metaverse digital real estate platform built on blockchain technology to introduce a next-generation web3 experience. The platform allows members to purchase and trade digital Street NFTs, which can then be combined into Collections. Completed and staked Collections have additional value as they generate yield that is paid out to the owner. Using state of the art security features, DecentWorld also stands for trust and transparency in the blockchain industry.