The Value Chain of the Open Metaverse

That’s a 100x improvement over how most virtual goods are bought today - through centralized, siloed platforms like gaming giants where scarcity is in the eye of the gamemaker alone. Contrast that with NFTs, which 1) connect users to a universe of creators 2) for lower fees while 3) giving both parties provable ownership of their virtual assets acr... See more

The real story is that NFTs are a key building block for a new wave of web3 services that radically alter the economics of the Internet, redistributing value and control from tech giants back to users, developers, and small firms.