Ownership and Interaction in the Metaverse
NFT is an acronym widely found on the news. As we will see later, an NFT, which stands for “Nonfungible Token,” is a piece of software that uses a blockchain to certify with total guarantee that a digital asset (a file) is unique and associated to a specific owner. As we will see in this chapter, this is crucial to allow transactions of virtual objects in the Metaverse. Eventually, some virtual objects could be bidirectionally linked to their physical counterparts, making NFTs a valuable element to protect private property in general.
NFTs are based on the technology of smart contracts. As we see next, smart contracts are related to interactions, not only in the digital ...
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