How NFTs in the metaverse can improve the value of physical assets in the real world

The Metaverse has become inseparable from the Web3 culture. Companies are competing for their own metaverse, from small startups to Mark Cuban and, of course, Meta. Before companies compete to launch the Metaverse, it’s important to understand what the Metaverse really is.

Or what it should be.

The prefix “meta” usually means both “self-reference” or “about”. In other words, the meta level is about the lower level. From dictionary.com:

“-Prefix to be added to the subject’s name and specified Analyze the original subject, but another subject at a higher level, more abstractl: l:

Metaphilosophy; Metalanguages.

Prefix added to the name of something Consciously refer to or comment on your subject or feature:

Meta-painting of an artist who draws canvas.

An important aspect of both definitions is self-reference. Logically, the term “metaverse” should be “analyzing the original universe, but at an abstract level.” In other words, the Metaverse is an abstraction layer that describes our current physical world.

The Metaverse should be an expanded reality, not a whole new one.

And that’s why the trend is heading towards a cryptographically built metaverse. Cryptography, like the world, has a kind of physical nature. Bitcoin and NFT cannot be copied. Just as a coffee cup on a desk can’t occupy the same physical space as a cup next to it. The space itself is singular and immutable and cannot be copied. Even if you make a 3D printed replica, it’s not the same cup. Therefore, cryptography is very suitable for building immutable layers that describe the real world. Cryptography allows you to build a real-world model that inherits many of its properties.

The natural opportunity will be a digital twin. Digital twins create and connect to the physical world of information about buildings and other physical assets. In other words, they are that metalayer. By integrating blockchain technology in the form of NFTs, all data and information surrounding physical twins can be validated, stored and tracked entirely on the asset itself. When you think about it, the digital twin is a metaverse version of the physical twin, and technology enhances real-world capabilities.

Verification is the key to the truth of the Metaverse

When assessing the relationship between crypto / blockchain and the Metaverse, it is important to remember that crypto is about validation and validation. Therefore, when considering the relationship between blockchain and the Metaverse, it makes sense to think of it as a verifiable digital space.

Therefore, the Metaverse details what an NFT is and what it can hold. NFTs cannot be copied because they are associated with the validation and validation process in time. This will cause the NFT to stop working. As the capabilities of NFTs grow, they are becoming a new dimension of information connected to the real world.

The NFT domain will be at the core of this idea. They will be a non-alternative data space that is uniquely tied to us and our work on Web3. In the Metaverse, these domain NFTs can represent homes. Record and validate all visitors, repairs, events and more. The record and its infrastructure can be sold not only as a home, but as a core component of the home, adding value.

By clearly defining what the true metaverse is for both developers and investors, we can begin migrating to a meaningful version.

Leonard Kish is a co-founder of Cortex App, It is based on YouBase’s distributed date protocol.