WILL NFTS BE THE BEST DIGITAL ASSET FOR THE METAVERSE?

Abstract

The purpose of the current research is to explore the concept of non-fungible tokens created by blockchain technology and its applicability in the Metaverse. Metaverse is a hypothesized and an iteration of the real world. Metaverse is not a new concept. The concept itself has appeared in the 1990s and some of the online games tried to realize the Metaverse world (e.g., Second Life and Cyworld). Nowadays, Metaverse becomes feasible under supported by technologies, including virtual reality, augmented reality, cloud computing, Internet-of-Things, 5G, and Big Data. In Metaverse, there is no doubt that residents in Metaverse may trade or transact assets or goods with one another. Our research tries to tie the concept of non-fungible tokens in Metaverse as the best digital asset to secure the originality of the goods in Metaverse. Detailed discussions are made in the following section