Metaverse and NFTs

We have had a number of requests from readers asking about the role of NFTs in the metaverse. So to start - what are NFTs? Non-fungible tokens, or NFTs for short, are a specific kind of cryptocurrency that may represent ownership of either digital or physical assets. Since they are one-of-a-kind and cannot be exchanged for any other token, they are ideally suited to represent objects within virtual worlds. NFTs can be created for a wide variety of real-world assets such fashion items, tickets, cars, as well as virtual assets such as in-game items, digital artwork, virtual land, even proof of training and educational certificates. And, what is the metaverse? The term "metaverse" was created to represent a virtual reality universe on top of the internet, an interconnected network of worlds in which people can interact via avatars, and a blockchain-based 3D environment in which people can create, share and consume content. Citigroup estimates that, by 2030, the metaverse could be worth b…