Was nice to be part of something historical!
First day at the 100% on-chain University session in the MetaVerse was a blast!
Some thoughts:
Very eye opening experience.
I’m pretty sure that studying is going to be much more online (metaverse) in the future.
Why?
Have you ever heard of the University of Nicosia (UNIC)?
+ First university in the Metaverse
Next some slides from the session and what we went through.
“When we buy and sell land, we do not buy and sell the land itself”
“We buy and sell the pointer to the land”
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I found this really insightful, and have never thought about it from this point of view.
So basically, if this piece of paper (pointer) would be an NFT, it proves the ownership easily and it’s stored in the blockchain.
If the owner decides to sell the piece of land (NFT), he or she could just go to a decentralized market place and sell it there whenever he/she wants without a middle man.
Note: Of Course this needs more regulation before it’s possible worldwide, but there are some first cases already.?
This slide gives some perspective how big the tokenized world could come.
So fungible markets are huge! It contains commodities like gold, crude oil, corn etc.
But Non-fungible is LARGER! It contains real-estate, products, services, digital goods etc.
There are huge upside opportunities in the tokenized world.
If you want to watch the whole first session and learn more, here is the link. →?
Thank you for reading!