We should all know what NFT’s are at this point. It is a hot topic right now, as is the metaverse. But what most people haven’t been made aware of is, their impact on the environment. These blockchains run-on high-energy consumption to be created and checked through what is called the “proof of work” system, through cryptocurrency companies such as Ethereum.
NFT’s…What’s the Big Deal?!
Non-fungible tokens. What are they? Why are they important? Everyone everywhere seems to be slightly confused on what these are exactly. We recently wrote a blog on the metaverse and what it is so now we want to dive into this topic of NFT’s a little deeper.
What is the Metaverse?!?
This term metaverse has been popping up everywhere as of late and if you’re like us, you’re still a little confused as to what this actually means and how it will affect businesses. It seems that people are being urged to grab their spot in this virtual world. But why? And to what benefit would one gain from this? We decided to do a little research of our own to better understand what this new virtual world really means