What is a Metaverse NFT?

The Metaverse as an online virtual world in which users can explore, socialize, shop, attend concerts and play games. An NFT is a non-fungible token, also known as a digital asset, that can be purchased and potentially used as an avatar, game character or piece of land within the Metaverse.

What is the Metaverse and how does it work?

The metaverse is basically the world where your digital self can reside. Your digital self is what is known as an avatar, and it is able to move around and interact with other people who also have their own avatars in the virtual world.

What is a crypto Metaverse?

Specifically, a crypto metaverse is a metaverse that incorporates blockchain into its underlying technology and crypto assets, such as metaverse tokens, into its economy. Examples of crypto metaverses and protocols that incorporate metaverse elements include Decentraland, Cryptovoxels, Alien Worlds, Axie Infinity, and The Sandbox.

Does Fortnite have a Metaverse?

Epic Games. Epic Games, makers of the popular online shooter game Fortnite -- with some 350 million users -- and the Unreal Engine software for game developers, planned to stake a claim in the metaverse following a $1 billion round of funding in 2021. This included $200 million from Sony Group Corp.