#Updated on APR 11, 2022đź•›
The open metaverse as an interconnected series of open worlds where users enjoy ownership and agency over their digital assets, where property rights and composability provide the foundations for a potentially infinite number of creations. Currently, NFT games and the open metaverse tend to be closely interrelated and are, in some cases, the same thing. Such as the Animoca Brands is working to build the open metaverse by bringing digital property rights to online users through the use of blockchain and NFTs; enabling the true digital ownership of users’ virtual assets and data, and making possible various decentralized finance (DeFi) and GameFi opportunities (including play-to-earn), asset interoperability, and an open framework that can lead to greater equitability for all participants. The common open metaverse platforms as most of people use are the Sandbox, Decentraland, Cryptovoxels, NFT Worlds...
The land is the most valuable NFT asset type inside such of the metaverse gaming ecosystem. When you purchase a plot of virtual real estate in such the game, you'll not only own a one-of-a-kind digital asset, and you'll also become a stakeholder of the platform and share in revenue created on the virtual land from users' activity, such as constructing, developing, in-game purchase, transactions, advertising, digital commerce, gaming, and other attributes of the game. Usually, the category of gaming can be divided into MMO/RPG, strategic, farming, battle, and exploration.
The virtual world which is usually powered by Blockchain technology (such as ERC-721) or AR technology as an unforgettable record of property or other unique functions of the land world to give individuals control over the piece of the world where people can be free to create, explore, and discover the unique experience of the world around.