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Tuesday, Oct 26, 2021

NFTs Are the Building Blocks of the Metaverse - Here’s How It’s Being Built

NFTs Are the Building Blocks of the Metaverse - Here’s How It’s Being Built

The metaverse is aiming to establish complete decentralization infrastructure at its very foundation. This is already happening with NFTs.
Since the onset of the dot com explosion of the mid-90s, the internet as it exists today has existed upon a centralized framework. The metaverse and NFTs are aiming to change that.

When considering the centralized web, or Web 2.0, think of it as a series of privately owned office spaces within a large building. Companies like Facebook, Google, Amazon, and other mega conglomerates own pieces of this infrastructure as a whole.

These servers are privately owned. Therefore, the information they allow on their networks is centralized and subject to permissions. These control the flow of content and subscription base based on terms of service agreements between the users and the services offered by the providers.

This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto.
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