In the longer term, enthusiasts hope tokens will one day power e-commerce in any metaverse or metaverses, futuristic digital avatar-filled virtual worlds. Here, NFTs could designate ownership of virtual goods, be that clothing for digital avatars or art for the walls of their digital houses.
“This year witnessed the NFT market explode from a sub-billion-dollar market to a multi-decabillion industry,” said Mason Nystrom, research analyst at crypto data group Messari, adding that buyers were rushing to uncover art that aligns with their “digital identities”.
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