Not only can NFTs (Non-Fungible Tokens) represent physical assets in the real world in the metaverse, but because NFTs are based on blockchain, they can also record and verify every event related to the asset. When users want to sell physical assets, the information recorded by the NFT can become part of the assets, and the value of the assets will increase accordingly.
VentureBeat reported that the metaverse is an extension of reality, and cryptocurrencies are ideal for building immutable layers that describe the real world, so a cryptocurrency-based metaverse has gradually become a trend. Cryptocurrencies allow people to model the real world and replicate many real-world properties into the metaverse.
Taking digital twin as an example, the concept is to reproduce buildings or other physical assets in digital form through various information, and closely connect with the real world to establish a meta-layer of the real world. If the blockchain technology can be integrated with the digital avatar in the form of NFT, all data and information related to physical assets can be verified and stored. Digital avatars are like a metaverse version of physical assets, and can improve the characteristics of physical assets through technology and enhance the value of physical assets.
Since verification and confirmation are at the core of cryptocurrencies, the combination of blockchain and the metaverse can be seen as a verifiable digital space. The non-homogeneous nature of NFT comes from its inseparable relationship with verification and confirmation. As NFT capabilities continue to grow, it will be able to create a new dimension of information for the real world and be closely integrated with the real world.
In the case of house sales, NFTs can record everything that happens to the real house and every guest who has visited in the metaverse. When the future homeowner sells the house, all records related to the house kept by NFT are not only an additional part of the house, but also the core that can affect the value of the asset.