The world cannot stop gushing about the metaverse. Undoubtedly, the widespread adoption of NFTs by artists, brands, and celebrities is the reason for this phenomenon. NFTICALLY, a white-label NFT marketplace solution provider, takes a look at the future of Web 3.0 in the next 5 years.
What to expect from the metaverse in the years to come?
Augmented Reality (AR)
Currently, the focus of artists has shifted from creating value to offering a one-of-the-kind experience. Augmented Reality offers immersiveness and anyone can use their smartphones to visualize the extravaganza right before their eyes. There are plenty of use-cases. AR NFTs can represent eye-catching artwork, gaming accessories, as well as products sold on an e-commerce platform. It balances the expectations of the real and virtual worlds.
Creators can also add sounds and visual effects for showcasing their crypto collectibles ahead of the official release. AR can make a big impact in the fashion industry. For instance, prospective buyers can try on outfits and sneakers before actually purchasing them. Brands can also impress their customers in the metaverse by offering digital avatars that directly interact with human beings.
Hence, Augmented Reality can play a big role in how investors perceive NFTs. Smart contracts store details of the rights to ownership and usage. The monetary value of the collectible will depend on how the digital asset is juxtapositioned in the metaverse. In the coming years, exclusive platforms will emerge for creating and buying AR NFTs. Potential investors can directly interact with virtual assets. Moreover, native token holders can stake the digital assets and pocket high returns. They will also receive special access to NFT drops.
Virtual Reality (VR)
State-of-the-art headsets enable users to directly watch art galleries and events. Generally, creators can sync their software wallets and set up their NFT collection quickly. A variety of templates and integrations are available for artists. They can adjust the size, colour, and frames and share them with the entire world. Subsequently, creators can reach out to their community by hosting events for a specific number of people in a custom 3D environment. Features like live translation, instant content upload, screen-sharing, muting, adding and removing of participants are necessary when artists display their collectibles in a virtual space.
Operating in a simulated environment, Virtual Reality (VR) can be a game-changer in industries like artwork, entertainment, and sports. Hosts of an event or a gallery can directly interact with visitors. Viewers can see details like the name of the artist, a description of their artwork, tags, and the price of the NFT collection.
The gaming industry is also adopting Virtual Reality in a big manner. Both Player-vs-Player (PVP) and Player-vs-Environment (PVE) games use VR for combat, shooting targets, and also for collaborating with different teams.
NFTs are also the rage in the sports industry. Players, teams, and leagues across disciplines like cricket, football, basketball, baseball, ice hockey, tennis, and Formula1 are launching their collections on various marketplaces. VR can play a role in practice sessions and while training players. Fans can also see videos of their favourite sportspersons preparing for different matches and tournaments.
Artificial Intelligence (AI)
Machine Learning (ML) algorithms generate artwork like portraits and paintings. Text-to-art generators assist in creating images that suit the tastes and preferences of the artists. Later, creators should sync their software wallets and mint their unique creations. There is no duplication as links to the minted NFT are shown when anyone tries to create an artwork with the same text.
Generative Adversarial Networks (GANs) help in training machines for creating images. A combination of Artificial Intelligence, Deep Learning, and Speech Recognition determine the randomness of the patterns and designs. Later, the machine-generated artwork is sold via auctions on NFT marketplaces. Crypto collectibles can also be minted based on the behavioural tendencies and emotions of the target audience. Extraordinary visuals can be created after computers are trained in recognizing images.
Internet of Things (IoT)
Connected devices can also represent NFTs. It transfers data securely to a decentralized cloud. Blockchain technology also facilitates machine-to-machine (M2M) communication on a real-time basis. It ensures authenticity, facilitates transparency, and also removes intermediaries.
The market conditions for the metaverse economy are quite optimistic. 5 years down the line, more artists will collaborate with machines to create unique images. Amidst the intense competition in the Web 3.0 era, it is ideal to reach out to NFTICALLY for NFT marketplace development. What are you waiting for? Take the first step forward, connect with us now, mint your NFTs and witness record-breaking sales.