Tokenization In The Metaverse

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As much as tokenization is going to change the world as we know it now, this concept will really have an impact in the Metaverse.

The tokenization of the virtual world is going to be extraordinary. It is going to be operating in a near unlimited environment. This means that we will be able to keep adding, layer upon layer.

In this video I discuss what opportunities this will present to people and how it will be radically different as compared to what we are accustomed to now.


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Bang, I did it again... I just rehived your post!
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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 54 of my contest just started...you can now check the winners of the previous week!
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I am looking forward to the tokenization of games as it would allow people to earn more from games. Just sell the NFT off to someone who wants to save time or avoid the hassle.

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I think that Steem Monsters/Splinterlands is doing it right.
Hopefully more games will follow it.

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Yea their market is the most successful since there aren't very many fees and they have also branched out to multiple different chains. I think Rising Star also said they want WAX assets to also count towards your collection so I think they might be another game following the same trend.

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That is going to provide a huge addition to the gaming world.

In fact, I am not a gamer but I believe that it will be an industry that totally changes. There is so much technology that really aligns with gaming.

It will be interesting what people are saying in 5or 7 years about that world.

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Tokenization is unprecedented, things in the short, medium and long term will change, technology will advance and we just have to be prepared for it and of course in the right place like Leofinance and HIVE.

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There must be a lot of effort put into making this metaverse accessible to people because as things stand now the crypto world is hugely complex to a new user and it can be intimidating jumping in and even disheartening if you lose money straight away

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Open and blockchain-based tokenization is a novel concept. I would say the majority of people are still skeptical or ignorant of the benefits. It can be expected to take root slowly at first. At some point there will be a tipping point where closed ecosystems will be clearly on the losing side. The ability to freely trade any and all in-game assets on open platforms is quite powerful.

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Summary:
In this video, Taskmaster4450 discusses the concept of tokenizing assets in the virtual world, specifically focusing on the metaverse. He highlights the potential of NFTs, gaming, and virtual real estate as early examples of tokenizing virtual assets. Taskmaster4450 explains how the integration of blockchain technology and cryptocurrencies will play a crucial role in the future of the metaverse. He emphasizes the importance of decentralization and tokenization to prevent major corporations from dominating and controlling the virtual space. The discussion revolves around the idea of digital ownership, tokenizing various assets in the virtual world, and the potential for wealth creation through fractional ownership and diversification in the metaverse.

Detailed Article:
Taskmaster4450 begins by referencing his previous video on tokenizing physical assets and transitions into discussing the tokenization of virtual assets, particularly focusing on the metaverse. He emphasizes the growing interest in NFTs and virtual real estate, which he sees as the initial stages of a revolutionary shift towards tokenizing assets in the virtual world.

The concept of the metaverse as an expanding digital realm where the lines between physical and digital realities blur is a central theme. Taskmaster4450 discusses how the virtual world offers limitless possibilities for tokenization, enabling assets ranging from individuals' digital identities to virtual items like weapons, buildings, and planets to be tokenized.

He underscores the need for a new approach to the ownership and value of assets in the virtual world, stating that traditional concepts like physical ownership deeds do not directly apply. Taskmaster4450 asserts that as the metaverse evolves and becomes more integrated into daily life, digital currencies and blockchain technology will be essential for transactions and ownership within this space.

The speaker delves into the potential for wealth generation in the metaverse through fractional ownership of virtual assets. He compares this approach to high-frequency trading, highlighting how numerous small returns from various virtual projects can cumulatively yield significant profits.

Taskmaster4450 warns of the risk of major corporations seeking to control the virtual space and advocates for the use of decentralized blockchain technology to empower individuals and prevent monopolistic dominance. He encourages viewers to support tokenization and decentralized blockchain principles to ensure a fair and open metaverse for all users.

In conclusion, Taskmaster4450 stresses the importance of actively advocating for a decentralized and tokenized metaverse to secure individual ownership and democratize access to the vast potential wealth and opportunities within the virtual realm.

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