The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

NFTs Will Soon Live in Your Brain – Rent Free

by Andrius Miron
August 2, 2021
in HodlX
HodlX Guest Post  Submit Your Post
 

The first wave of non-fungible tokens (NFTs) brought with it mostly speculation on art linked to a blockchain (though not deployed on a blockchain) and a little technological innovation. Yet the NFT sales were through the roof: Beeple at $69 million, CryptoPunks at $7.58 million, and many more. This created FOMO (fear of missing out), in which everyone out of greed tried to make a quick buck without examining what they were buying or when they were buying it. In the long run, however, NFTs could be adopted across a wide spectrum of use cases, including in the gaming market, and crypto art may play a decreasing role in the overall use of NFTs.

State of NFTs today

An NFT is a form of technology – a form of information – that is stored on a blockchain, and it represents the right to digital property. This technology is a byproduct of a type of Ethereum smart contract standard – generally, the ERC-721 standard.

The underlying technology of NFTs has been around awhile, but only recently has the public come to better understand a specific use case. NFTs can be digitally linked to items in real life. For example, a lawyer or judge can view a unique token as proof of ownership. NFTs can also be linked to virtual items, such as 3D in-game items or digital pieces of land.

First, NFTs can be used in slower markets. For instance, you might be able to sell your house or car using an NFT. Once you want to transfer the item, you conduct the payment with, say, Ethereum and transfer the NFT to the other person. The person who now owns that NFT can show it to a court and prove ownership of the property.

NFTs could become widely recognized in the legal world, representing real estate ownership, shares in a company, and even marriage or divorce agreements. This is what Bitcoin and subsequent blockchains were designed to do: keep records.

In the case of a cryptocurrency, the record tracks who controls access to a coin and when. Similarly, in the case of real-life property, NFTs offer a process that’s more efficient than dealing with paper agreements.

This technology is coming. But certain questions persist. How quickly will the legal reality catch up? What interfaces will be used? How will people use them? How quickly could an NFT be transferred and how much will it cost?

The future of NFTs

Because virtual reality is the best place to feel and experience 3D in-game items, the future of gaming will likely be built on VR, and NFTs can have a role in this space. The movie Ready Player One showed us how virtual reality can transform our daily lives. Based on a novel of the same name by Ernest Cline, the film’s story is set in the year 2045, when people seek to escape from reality through the OASIS (Ontologically Anthropocentric Sensory Immersive Simulation), which is a VR simulation that must be shut down every Tuesday and Thursday to force people to spend more time in the real world.

Within 10 years we might have direct integration of augmented reality (AR) with glasses or even with our eyeballs, and the virtual 3D environments may be directly broadcast through our brains. For example, Snap’s new Spectacles are AR glasses. Although they’re not yet ready for the mass market, Snap’s Spectacles serve as an example of what’s to come.

They boast dual waveguide displays capable of displaying AR effects, as well as frames featuring four microphones, two stereo speakers, a touchpad and front-facing cameras to detect objects and surfaces so that graphics may naturally interact with the world around you.

“Forget about the Covid crisis,” Rafael Yuste, a neurobiologist at Columbia University, told Moises Velasquez-Manoff, a contributing opinion writer for The New York Times. “What’s coming with this new tech can change humanity.”

Recent computing leaps have transformed society. We’ve gone from room-size mainframe computers to personal desktop computers and laptops to mobile computing with smartphones. Is non-invasive brain-reading tech, a potential third great leap, coming next? Many believe it is a certainty.

Elon Musk’s Neuralink is considered by some to be the leading brain-sensing tech currently in development. Although it requires surgery, Neuralink is intended to be thin, flexible and capable of adjusting to the topography of the brain, with the ultimate goal of reading and writing to the brain.

It’s possible that in the future we’ll have high-quality graphics broadcasted directly to our eyes, and that the best way to experience everything – including NFT-based 3D items – will be in our heads.


Former CTO of CFlow, Andrius Miron is now the CEO of the largest NFT gaming marketplace and fundraising platform, Gamestarter, a competing powerhouse platform of Kickstarter with niches in NFTs, indie gaming, and fundraising. Andrius is a veteran in the gaming industry and has an outstanding track record in software development. Riding the wave of NFTs and blockchain gaming, Andrius is helping emerging games and products fundraise through the Gamestarter platform to reach new levels in development and engagement as the space continues to grow rapidly.

 
Check Latest Headlines on HodlX


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Elizaveta Galitckaia/GrandeDuc

Submit a Press Release

Industry Announcements

  • KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum
    March 22, 2023
  • Metacade Presale Hits Final Stage Before Listings, Raising Over $500,000 in Under 24 Hours
    March 22, 2023
  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
  • Coinfest Asia Is Back in 2023 Carrying the Theme of Web 2.5
    March 20, 2023
  • Poolz Security Incident Prompts Rapid Response and Platform Restructuring
    March 16, 2023
  • Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins
    March 16, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,885.47
$27,885.47
1.7%
Ethereum
$1,765.87
$1,765.87
2.43%
Cardano
$0.366697
$0.366697
4.1%
XRP
$0.434389
$0.434389
6.93%
Dogecoin
$0.075469
$0.075469
1.05%

Spotlight

  • 24,940,023,596,035 Shiba Inu (SHIB) Worth Over $276,000,000 Transferred From Crypto Exchange to Self Custody: Santiment
    March 20, 2023
  • Analyst Known for Calling Crypto Bottoms Predicts Breakout for Ethereum, Says Solana Primed for New Rallies
    March 21, 2023
  • Macro Guru Raoul Pal Updates Outlook on Bitcoin, Predicts BTC Reaches $50,000 – Here’s His Timeline
    March 21, 2023
  • Former Coinbase CTO Doubles Down on Massive Bitcoin Price Prediction, Compares US Dollar to Collapsed World War I Currency
    March 21, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl