However, it is believed that NFTs should be used in the future to record the virtual transactions that we will carry out in the metaverse. If digital life becomes more relevant than physical life, as this new virtual reality promises, NFTs will be important to record the authenticity and ownership of digital assets.
Imagine, for example, that a person buys a virtual piece of land on a metaverse platform like Decentraland or Roblox . The purchase, made in cryptocurrency, must be recorded on the blockchain as an NFT to guarantee ownership of that land to whoever acquired it.
It is possible to record almost any type of digital production using non-fungible tokens. Here are just a few examples:
GIFs.
To give you an idea of what has already been marketed as NFTs, here are a few malaysia phone number list examples, such as the first NFT in history: “Quantum” by New York artist Kevin McCoy. It is a psychedelic animation in the shape of an octagon, with inner circles flashing in fluorescent hues.
The work was sold in 2014 through a code that Kevin McCoy developed in partnership with programmer Anil Dash, with the aim of allowing artists to sell, track and take ownership of their digital works. In 2021, the work was sold again for $1.4 million.