The metaverse is quickly becoming the next great investment frontier. As the digital universe grows larger and more immersive, virtual reality (VR) and digital assets, such as non-fungible tokens (NFTs), are at the forefront of metaverse innovation and integration. As the metaverse comes into the limelight, with tech giants like Facebook rebranding to pioneer this emergent landscape, Sarson Funds has published the VR Gamer’s Guide to NFTs, a complete guide to the convergence of the metaverse, virtual reality, and the digital asset ecosystem.
The rapid adoption of gaming in the virtual world has sparked an increase in player demand for a more immersive in-game experience. Virtual reality has responded to these demands, fusing traditional game play with real-world interactions. Rather than simply pressing a button to pick up an in-game item, virtual reality enables players to actually reach down and pick up a digital item with their hands and interact with it in the game. VR gaming is revolutionizing the way the world interacts in the digital realm as VR leaders such as AEXLAB’s VAIL VR create digital commonplaces for community socialization and interaction. As this technology becomes more widely available, experts point to VR as becoming an integral and prominent feature across the metaverse.
In tandem, NFTs, or non-fungible tokens, are at the leading edge of integration with the metaverse, and the financial viability and value of in-game items gas grown. With game-based NFT collections like Axie Infinity surpassing more than 27.5K ETH historical trade volume, or over $132 Million USD in today’s Ethereum valuation, NFTs have become a popular and emergent sector of financial assets in the eyes of investors.
NFTs have become a natural fit for a merge into the metaverse and online video games as in-game assets, represented as character skins, in-game weapons, plots of land, digital domains, and even pets as seen in VAIL VR. As innovation continues, the capabilities of these NFTs are growing to include artificial intelligence and provide opportunities to create passive income.
Together, virtual reality and NFTs are making the metaverse the hub for the next chapter of the human experience. As the metaverse develops into the latest medium of human interaction and transaction, investor education on NFTs as a viable asset class will remain critical, as many seek to diversify their portfolios alongside financial innovation. Many investors view NFTs comparatively to assets already inside investor portfolios, such as real estate or automobiles.
Please stay tuned to Sarson Funds blog posts and social media channels for the most up to date news and information on NFTs and the metaverse.
By Liam McDonald