Some early adopters of the metaverse are making real-life fortunes in the virtual world
has recently become a buzzword in the tech world and beyond. It represents a further migration from the real world to a digital reality, and it's also a place where users can own their virtual assets thanks to the blockchain. Blockchain, the underlying technology of cryptocurrency, is a digital ledger that records transactions and securely tracks digital assets.
"That was sort of the moment when I realized that something that was taken away from us could be reaccessed through the metaverse," he said. "I didn't even know what an NFT was at the time," he recalls."I just minted it because I thought it was cool, you know."Stipp was hoping his piece could sell for $50, but within two days the bidding was already into the hundreds. His piece then attracted the attention of FEWOCiOUS, one of the NFT world's most popular artists. FEWOCiOUS placed a public bid on Stipp's work, which sent the price skyrocketing.
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