With the sheet that they have given us this last year with these two concepts, it is possible that you have already realized that «metaverse» It is not just putting on virtual reality glasses and having NFTs They don't just involve pictures from golems to WillyRex. The metaverse and the NFTs are two technologies that are advancing very hand in hand. Can they give us something positive or will they only serve to speculate and have to pay even to breathe virtual air? Let's explain a bit about the relationship that is brewing between NFTs and the metaverse.
Metaverse and NFTs in video games
There are several ways to exploit of the NFTs within the metaverse.
arrive play-to-earn
NFT games have been around for a long time and yes, you do get paid to play. Axie Infinity is one of the benchmarks in this sector, which is a kind of Pokémon game, with somewhat strange creatures. To play you need a team of three monsters that we will have to buy with their own token - and that is not cheap. The player can then earn tokens as they win matches, earning money in the process.
The idea is that the metaverse further exploits this system, although it already has many detractors today. NFT games are not really fun – it had to be said and it was said – and, on the other hand, the money earned on platforms like Axie Infinity comes from new players. Come on, today, these games are a manual Ponzi scheme. Time the public will decide if this changes in the metaverse or if it will disappear like other such promising technologies that fell into oblivion.
Revolutionizing pay-to-win
Another function that NFTs can bring to the metaverse is the ability to pay or rent some of our assets virtual to make our games easier or monetize the achievements we have achieved. On paper it may not sound bad, but if this idea ends up being developed by business sharks like EA or Ubisoft... beware. The loot boxes they will seem like a Happy Meal gift compared to what a time bomb this can be.
Applications for Art, Copyright and Royalty Collection
We are in the prehistory of the metaverse. A couple of decades ago, surely you saw it as impossible live off the internet. Today, many of us live from it. The revolution that began with the 'dot com' could have a new episode in the metaverse. We are seeing it little by little with NFT art, but it would not be strange that business models that we know very well such as music, the payment of royalties to use an image from a stock bank or any other asset that we use to create experience a new revolution. Or at least, it should not be ruled out that everything that is going to be used in the metaverse requires a prior payment in the metaverse and is all controlled via token. It may seem apocalyptic, but it would be the end of piracy, for example.
DeFi and new forms of investment in the metaverse
The decentralized finance They arrived a few years ago to stay. Everything from brilliant platforms to crappy scams has been done in the name of DeFi. All this aside, DeFi demonstrated that you don't need a regulator to organize an exchange. Operations on these platforms are made portfolio to portfolio. Come on, the Treasury of your country can't do anything to get a hand in, no matter how hard they try. In a world in which we are increasingly taxed, the underground economy can evolve into a parallel, decentralized and virtual economy within the metaverse. The NFTs would only come to do their bit in the world of staking and passive earnings. Whether it works, whether legal or ethical, is something else.
But DeFi goes far beyond speculation or dodging states. What we know about DeFi today could just be the tip of a huge iceberg. A economy totally parallel, independent and fully decentralized that it could have a greater weight in society than the one it has right now.