IMPORTANCE OF METAVERSE, NFT, AND DEFI IN THE BLOCKCHAIN WORLD

Over the past few years, we have seen Metaverse, NFT (non-fungible tokens), and DeFi (Decentralized Finance) popping up everywhere, and gaining traction. NFT, Metaverse, and DeFi come with various use cases in the real world, so naturally, you must be curious about their applications. All three entities have unique benefits while sharing and contributing to each other’s growth. 

AN OVERVIEW

Metaverse is a virtual world for immersive experiences where people around the world can meet, watch, play and trade. It is a concept of a persistent, online, 3D universe that combines multiple virtual spaces. They have predicted it to be a future iteration of the internet. The metaverse will essentially allow users to meet, work, play games, and socialize with each other in these 3D spaces. 

Experts are also optimistic about decentralized finance (DeFi), which provides financial instruments without counting on intermediaries such as brokerages, exchanges, or banks by using smart contracts on the blockchain. It includes earning interest, borrowing, lending, buying insurance, and trading by-products or assets. DeFi currently is at the developing stage where many game development company are growing big in this space and are watching closely for new solutions appearing and getting adopted by the masses…..Read more- IMPORTANCE OF METAVERSE, NFT, AND DEFI IN THE BLOCKCHAIN WORLD