NFT — A New Revolution Enhancing Social-Fi Metaverse Experience
Social-Fi Metaverse Is A Big Trend
The term “social finance” shorts for “social networking and blockchain finance,” was mixed to become Social-Fi. Users can earn a fortune on the Social-Fi platform by creating content, participating in DAO governance, minting NFTs, chatting with other users, entertaining, and gaming. Unlike the current social networking platforms with Web 2.0 technology (Facebook, Twitter, etc), Social-Fi can protect and secure users’ personal data, distribute advertising profits equitably, and deliver a more unique experience for users. For these purposes, it aims at serving more common tech users than gamers or investors in Game-Fi so it is becoming the biggest trend of Web 3.0.
What is NFT In Social-Fi Metaverse?
A digital asset in Social-Fi Metaverse that depicts real-world elements like art, music, video, and in-game items, is known as a Non-fungible token (NFT). They’re bought and traded online usually by using cryptocurrency and being encoded with the same software as many other cryptos. NFTs have taken off and broken the record of the rise of Crypto in just months with the total trade volume in 2021 reaching $24.9 billion, meanwhile, they just got $95 million in 2020.
NFTs are gaining more trust from investors and surging their market trade volume substantially in the last two quarters of 2021.
Why Are NFTs In Social-Fi Metaverse Potential To Invest?
When NFT was first associated with the art and finance industries, it disrupted the way these two markets function. For the advantage of recognizing the artists’ credit in the most proper way and earning investors a huge amount of money by auctions and re-selling, works of art have become real monetary assets that never lose their trait or values in the trading chain.
All in all, NFT has enabled the unprecedented to be precedented:
- Democratize Art
- Foster Diversity and Representation
- Create a Better Environment for Fans’ Patronage
- Generate a New Method for Media
- Liberalize the Art Industry’s Dependency
As the SocialFi field grows in popularity, increasing media companies are looking into incorporating NFT into their platforms as the most potent source of earning for them. Indeed, several projects have been successful with this idea!
1. Torum
Torum is a groundbreaking SocialFi Metaverse ecosystem that connects cryptocurrency users all over the world. Genesis Avatar NFT was introduced as its inaugural series to honor the imminent release of Torum NFT Marketplace. The entire series comprises 21 distinct avatar sets, each having six NFT components and a distinctive theme. In other words, in this series, there will be a total of 126 different NFT components.
2. Monfters Club
Monfters Club is currently a SocialFi-powered NFT trading platform that allows users to display their personal NFT assets and follow other users. Monster NFTs provide users a distinct identity in the metaverse and also get access to the Monfter NFTs social network pass.
On the Ethereum blockchain, Monfters Club features a collection of 8,000 limited-edition avatars with a variety of cosmetic components. As of March 2022, it has a floor price of 0.099 ETH, a total of 4,100 owners, and a traded volume of around 3,800 ETH.
3. Karmaverse
The KARMAVERSE is a blockchain-based system that combines GameFi and SocialFi features enabling the community to create comparable games on the platform. NFTs can be used by Karmanauts to transfer assets between games or sell them to other Karmanauts.
You can sell, auction, and purchase NFTs and Tokens from other users in the Karmaverse marketplace, including tokens with restricted supply that cannot be manufactured again.
Thus, choosing to invest in NFTs of Social-Fi Metaverse at the beginning of the trending wave would be the best strategy you could ever make!
Let’s wait for our next bomb.
UMBΛLΛ MΞTΛVΞRSΞ is going to publish one of the most worthwhile NFTs collections in the Social-Fi Metaverse ever!
