NFTs and Metaverse narratives are dominating the social media space. Early this year, people had no clue as to what NFTs are; however, now it can be seen that NFTs and Metaverse is a not to miss conversation among the millennials. NFTs and Metaverse are a part of mainstream conversations. They are already attracting billions of dollars in investment. And, value is getting minted out of thin air.
However, it is hard time for those who are trying to understand the use cases. The tangibility factor makes it challenging for an average user. The cost of entry for NFTs is very high and it is not easy for everyone to get started. Even if buying fractions of NFTs are permitted, many are not able to reason out the logic and the price of NFTs – even if they are termed collectibles.
Many do not look at NFTs as anything beyond a JPEG image. And, they do not believe that there is anything promise about NFTs. However, there are another group of investors who are ready to invest a fortune for an NFT.
Augment Reality (AR) NFT generator: “Augmented reality (AR) which is an enhanced version of the real physical world that is achieved through the use of digital visual elements, sound, or other sensory stimuli delivered via technology.”
Augmented reality (AR) generates the metaverse for the end users. The metaverse is taken to the end users using APPs and AR-ready devices.
Augmented reality apps are expected to impact the future of mobile technology. Some of the common examples of Augmented Reality are IKEA Mobile App, Nintendo’s Pokémon Go App, Google Pixel’s Star Wars Stickers, Disney Coloring Book, and L’Oréal Makeup App.
For an insight in to an Augmented Reality Model: Augmented reality (AR) is a technology that lets people superimpose digital content (images, sounds, text) over a real-world environment. AR got a lot of attention in 2016 when the game Pokémon Go made it possible to interact with Pokémon superimposed on the world via a smartphone screen.
AR is useful because it increases engagement and interaction and provides the users with a richer user experience. Research showed that AR increases the perceived value of the products and brands. ARs which are well implemented will conveys innovation and responsiveness from forward-thinking brands.
The AR market place is expected to capture a big market. The public sale of some apps has already made waves in the ecosystem. AR are being integrated with simplicity, scalability and utility in mind.
AR products are being integrated with plans for Token Generation and the tokens also get listed in decentralized exchanges.
While there are going to be good about NFTs as The Guardian has stated that NFTs will be hyped while several people will lose their shirts.
NFTs make things very strong from the point of view of Intellectual property rights.
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