How NFT’s and the Metaverse are paving new avenues for trading
The Metaverse, gaming and NFTs are some of the most thrilling sectors currently driving some of the most exciting innovations in the blockchain space. With the recent market of these sectors growing exponentially, we’re seeing more companies expanding into virtual worlds within the metaverse.
Throughout the development phase of the Mizar platform, we’ve been paying close attention to the overall progress of exciting innovations within the blockchain space. While developing Mizar we’ve seen how NFT’s have now become an indispensable part of the blockchain space, opening new chapters for innovative applications. NFT’s have been the catalyst to the Metaverse, opening the world to the future of the internet, gaming, finance, culture and more. This brings us to an exciting announcement about the future of Mizar. To expand the horizons of Mizar, we’re planning on incorporating the leveraging/trading of digital assets within the Metaverse like NFTs as part of our roadmap.
What is the Metaverse?
The Metaverse is a series of wide-ranging, interconnected immersive media experiences where people located anywhere can socialize in real-time to form a persistent, user-owned, internet economy spanning the digital and physical world.
The ultimate promise of the metaverse is that it will provide an augmented reality experience that could surpass the physical reality we live in. A world that is: persistent (always on), synchronous and live universe which spans the digital and physical worlds with total inclusion (no cap on the number of people), a fully-functioning economy, and with unprecedented interoperability. It is populated by content and experience.
It is this last pillar of the Metaverse — along with the fully functioning economy — which is driving the Metaverse and causing the likes of Nvidia CEO Jensen Huang to claim humanity is “on the cusp” of the Metaverse meeting the physical world. The promise of a new reality is an exciting prospect for many as NFTs and blockchain-enabled cryptocurrency are at the forefront of the digital revolution.
Mizar’s vision for the future
For the Metaverse to be all-encompassing and functional, it needs digital payments that have instant confirmation of payment and information but also provide a high level of security and can be adopted by the mainstream quickly at scale. The instant element of blockchain and crypto payments means instant processing and settlement of digital assets like NFTs, cryptocurrency and other future discovered digital assets. These assets could be traded, sold, and marketed through the metaverse marketplace tied to an individual’s blockchain-based payment wallet or equivalent, meaning a secure, instant, scalable way of accepting payment for commerce.
We’re currently experiencing the evolution of online payments to augmented payments as seen with in-game or in-app purchases, NFT marketplaces and tokens are replacing traditional systems we all relied upon where the direct consumer can pay the producer of the digital asset directly with no financial intermediary in a decentralized way.
What happens next?
As virtual worlds continue to evolve and grow, use cases for virtual products will become clearer and more useful to both virtual consumers and producers. These innovations within blockchain synchronize with our ethos to build solutions that should work for everyone, it inspires us to develop products that should be built to work for everyone. To be ready to leverage existing and future opportunities Mizar is positioning itself to explore opportunities within the Metaverse. We invite you to stay onboard and explore the vast ever-expanding metaverse with us.
About Mizar
Mizar is a next-gen trading platform where traders can search for strategies to securely allocate capital or get access to a wide range of trading tools to put their assets in motion. Mizar makes trading simpler and accessible to everyone, subscription-free.
