The relationship between NFTs and the Metaverse

The concept of Metaverse originated from the science fiction novel Snow Crash published by American author Neal Stephenson in 1992. “meta” means “transcendence” and “meta”, combined with “Universe” (universe), that is, “metaverse”.

Simply put, the metaverse is a virtual space that can mirror the real world and is independent of the real world. What’s most exciting about the metaverse, however, is not just the construction on a technical level, but the enormous potential to change the way we socialize with each other.

The metaverse contains the following elements: Metaverse = Create + Play + Display + Social + Trade, and it is the composition of these parts that makes the generation of Coin governance and NFTs are likely to play an important role in the virtual economy of the metaverse.

The Birth and Development of Crypto Art

The budding stage of NFT

The germination of NFT (non-fungible Token) originated from an idea of ​​Colored Coin. At the end of March 2012, an article titled “bitcoin 2.X (aka Colored Bitcoin) – initial specs” (Bitcoin 2.X (aka Colored Bitcoin – Initial Introduction) article describing how Colored Bitcoin envisions being limited to creating new tokens on the Bitcoin network, if Bitcoin can be tokenized, and those tokenized bitcoins can be traced, then these special bitcoins can be used as commodity certificates, issue stocks and bonds, and issue other cryptocurrencies based on the bitcoin blockchain, and this is the core feature of encryption art, because the block The most famous feature of the chain, in addition to decentralization, is that it cannot be tampered with. Once bitcoins can be tokenized and tied to virtual products, the question of ownership appears to be solved.