NFTs are hot right now and they are selling for a ton of money through online marketplaces. Most of this seems to be driven by hype, but what if the potential of NFTs could be unlocked by Augmented Reality, and then further by Virtual Reality?
This clip below by Webb shows a glimpse of what we could expect to be doing later this year – collecting our NFTs and viewing them through our AR Goggles. Some of the digital creations are visually stunning and rare items could attract fans and collectors.
What is Augmented Reality?
Augmented reality (AR) is an interactive experience of a real-world environment where the objects that reside in the real world are enhanced by computer-generated perceptual information […] through visual, auditory and other senses.
Wikapedia
AR is similar to Virtual Reality (VR) but the main difference is that VR completely replaces your vision from the real world with a new immersive virtual world experience. Whilst AR enhances the real world experience with overlaying digital elements to a live view.
Ready Player One
Does anyone remember the Orb of Osuvox from the movie Ready Player One? Well, it might be just science fiction but these Artifacts could become reality in a near future. Maybe they could get minted on the blockchain as NFTs to verify ownership, ready for people to use them in the virtual world.
Existing Virtual Worlds
There are a few projects which are attempting to create these virtual worlds. One of which is called Decentraland which is a fully decentralised virtual world game, where the assets collected are stored as NFTs on the Ethereum blockchain and traded on its online marketplace. They also have a NFT ETH token called LAND which you can use to buy blocks of land in the game. The game is currently only available on computers, not mobile phones nor smart devices.
Recently, we saw 12,0000 Decentraland users participate in a NFT treasure hunt, with prizes consisting of tokens (MANA, ANJ, MATIC), wearables, collectables and two HTC Exodus Binance Edition phones.
Other platforms which we might see NFTs thrive in AR/VR spaces are Fortnight, Pokemon Go, NBA Top Shots, OVR, and more.
More Inspiration?
If you don’t know what NFTs are then watch this 2 minute video explaining them.
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