5 Metaverse / NFT Myths You Must Debunk! | by Abimbola Abe Apr, 2022

Photo by Andrea Piacquadio: https://www.pexels.com/photo/amazed-formal-male-looking-at-laptop-screen-3760809/

In this article, I’ll debunk some of the most common myths about the Metaverse and NFTs.

Myth 1: Anyone can save an NFT image online

I’m sure you’re wondering, “Can’t I just take a screenshot of an NFT and sell it?” Lol! No, you can’t!

Because the ownership of these items is recorded in a code set on the blockchain network, no one can forge or copy an NFT.

Myth 2: The Metaverse will replace the current internet

The Metaverse will not replace the current internet, but it will be a new layer on top of it that people can use to access content and interact with each other.

Myth 3: You need to have a VR headset or AR glasses in order to access Metaverse

There is a common misconception that in order to access the metaverse, you must wear a VR headset or other specialized equipment. True, but there are platforms in the metaverse that cater to this type of technology, and some of the well-known platforms, such as Decentraland and The Sandbox, can be accessed using tools that you already own, such as a desktop, smartphone, or laptop. As a result, it is not entirely true that users can only access the metaverse through a VR headset.

Myth 4: Metaverse is owned by META (Facebook)

No, Facebook or the Meta platforms in a broad sense do not own the metaverse! Although Facebook intends to play a significant role in shaping and developing this digital world and has already made progress by planning to develop and fully utilize the metaverse technology, the company does not own it.

Myth 5: NFTs will fade away:

NFTs grew to a $ 41 billion market in 2021 and are rapidly approaching the total size of the global fine art market, so it’s safe to say that NFTs aren’t going away anytime soon.

Also, a lot of well-established brands are growing interest in NFTs and are also positioning themselves in the space. Nike, for example, has patented a method of verifying the authenticity of your trainer through the use of a custom NFT system called CryptoKicks.

Although, most NFT projects and arts will not lose value over time. But those with good utilities and putting humans at the core of their NFTs won’t.

So, can we say with certainty that NFTs are just hype? Obviously not.

With more real-life use cases development and innovation, NFTs are not going away anytime soon.

What are the most unbelievable myths you’ve heard about Web3 / NFTs / Metaverse?

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