The Metaverse, Web3, and the Inevitability of NFTs - Deepstash

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The Metaverse, Web3, and the Inevitability of NFTs

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Understanding The Times

Two trends are believed to shape the world in the next 10–15 years:

  • The Metaverse, and its proliferation on all aspects of society
  • Web3 and the democratization of the Internet

And the arrival of both trends will firmly rely on the technology of NFTs in order to be ...

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What is the Metaverse?

From Wikipedia , the Metaverse, coined by author Neal Stephenson in his 1992 sci-fi novel Snow Crash, is described as a “collective, shared virtual space that is created when the physical realm converges with the virtual realm, which includes ...

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The Metaverse is Inevitable

Be it connecting with coleagues via zoom or using FaceTime with friends.

Or be it playing a game of Fortnite over Discord.

Today a lot of the activities done IRL are ported to the digital realm: working, networking, socializing, gaming, etc.

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History Of The Web

Web 1.0 was the era of static webpages where content provided by the website developer was only meant to be consumed.

Web 2.0 catapulted the world from simple static desktop web pages to interactive experiences, user-generated content, and marketplace econo...

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The Key Resource: Data

Today, we hand over our individual freedoms in favor of centralized services.

The big tech companies gather a lot of data from us: where we browse, where we shop, and even we are located in the physical world. They use this information to sell us products and nudge our behaviors to benefit ...

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Web 3.0

The new era of Web3 champions:

  • “Open” — meaning built on open standards, by an open and accessible community of developers and executed with full transparency
  • “Trustless”— meaning participants can interact with the comfort that all information is correct and authenticated — wit...

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NFTs are Digital Ownership

If the Metaverse were to exist in a Web 2.0 setting, centralized institutions like Facebook and Google can control our experience — living in their data centers that can be shut off by their whim, where they control what we see, and our data gathered in order to sell for profit or to be shared wi...

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NFTs As A Solution

NFTs have cracked the problem of digital scarcity , enabling creators for the first time ever to accurately price and safely distribute their works.

As a result, NFTs allow artists to monetize their work in a new way, empo...

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