Technically, a non-fungible token is a certificate of ownership. That said, every USDT is equal to any other USDT, while every Bored Apes Yacht Club token is a unique one.
In this case, "non-fungible" means that it cannot be replaced by its equivalent: the uniqueness of every non-fungible token can be verified. With the maturation of the Web3 segment, metaverses and NFTs show no signs of exhaustion.Ī non-fungible token, or NFT, is a particular type of digital (blockchain-based) token or cryptocurrency. In short, we cannot be sure that metaverses and NFTs will be the hottest segment of the upcoming bull run as they were in 2020-2021, but of course they will remain attractive for investors of various types. Despite the new generation of tokens that might emerge in this sphere, the "old" metaverse and NFT-centric tokens will also gain value.Once bearish market is over, tokens associated with metaverses, NFT marketplaces, GameFis, Move-to-Earn and other related segments will be rocketing once again.Metaverse-as-a-Service (MaaS) platforms will gain traction.Metaverses will be used for brand promotion and for conversations among users.More use cases will be explored in real-world segments: tokenized certificates, diplomas, permissions, validation labels and badges, etc.Both NFTs and metaverses will mature step-by-step: the market will not be interested in copycats of overhyped "Apes," "Mutants" and so on.New massive inflow of VC-driven capital is unlikely, so old heavyweights will be dominating the market.NFTs and metaverses: What to expect in 2023?Īs markets are still trapped in a bearish recession, there are some trends that might shape the future of the NFT and metaverses segment in 2023: In this text, we will review a number of promising trends and interesting projects as well as a couple of assets crucial for this sphere. That said, the right moment has come to check out the prospects of non-fungible tokens and blockchain metaverses for 2023. However, as U.Today covered in its previous guide, both were the worst sufferers of the ongoing Crypto Winter. NFTs and metaverses were the hottest segments of the Web3 sphere in Q1, 2021-Q2, 2022.
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