How will the NFT market get affected by the Metaverse?
NFTs are taking off in the mainstream. It seems like everyone is trying to figure out what they are and their use cases. Although the NFT market is still in its infancy, the current use cases for NFTs are mostly limited to digital art, and this has been the primary use case ever since the technology was introduced.
Metaverse platforms like Sandbox and XANA are creating significant use-cases for NFTs rather than just floating over the Internet as digital art.
Some lucrative uses of NFTs in the Metaverse are:
In the Metaverse, users can create NFT Avatars
Use NFTs as Wearables for their virtual Avatars in the Metaverse
Play Metaverse games using NFTs, where NFTs will become in-game items
integral to the gameplay
Using NFTs to buy virtual land in the Metaverse
Metaverse gaming platforms like XANA are also launching NFTs of popular anime characters like ULTRAMAN, and Astro Boy into Wearable skins for their Metaverse Avatars.