Fast Facts Tech & Trends - NFTs

• An NFT is a Non-Fungible Token.

• An NFT can be any virtual (digital) asset and is just a way of describing an item you buy and store on web 3.0.

• An NFT uses Blockchain technology, which is sort of the equivalent of an e-commerce platform in web 2.0 (what we still use now) and the place where we buy and store our digital assets.

• An NFT can only be bought with crypto currencies.

• “Gas’ is the name for the fees you pay when buying an NFT.

Metaverse fast facts

• The metaverse or omniverse is the connection of 3-dimensional virtual worlds, also referred to as web 3.0.
• Roblox, Fortnite, Decentraland and Animal Crossing are some examples of metaverse spaces
• The money value of all digital assets combined in the metaverse is expected to be $758 billion by 2026.
• The metaverse is infinite. There are no limitations on its space or possibilities.
• You enter the metaverse with your avatar. You can design your avatar as you wish