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Cub-Economist
company, launched the blockchain game Mir4 in August
technology that drives the economic system of the virtual
2021, and introduced an NFT market in the game, which
worldeconomicsystemtothelinkageoftherealeconomic
recognizedusers’ownershipofitems;characterspostedon
system will be NFTs. Professor Park said, “The metaverse
the Mir4 NFT market were traded at hundreds of millions
is not much different from real society. People must exist
of won. Virtual game items became NFTs and became
and interact, and economic action must be possible. Here,
valuable with distinctiveness and scarcity, so they were
NFTs will function as a tool to ensure people’s ownership
traded in high costs. Professor Oh predicted, “NFTs will
and property rights and enable easy economic and social
play a big role in the metaverse, especially in games; and
transactions.”
NFTs,whichwereonlytradedintheonlineworld,willbe
Global companies such as Meta, Amazon, and Samsung
tradedintheglobalmarket.”
ElectronicsareactivelyjumpingintoNFT-relatedmarkets,
paying attention to the growth of the NFT market and
the future of NFTs. Professor Park said, “Companies that
*Metaverse: The definition of the metaverse has not yet been clearly defined.
Professor Park said, “It is generally said as a three-dimensional virtual space
already have a lot of assets: Gucci, Nike, Adidas, Tiffany
where social and economic activities such as in the real world are used.”
According to Wikipedia, access on September 25, 2022, it can be also said
&Co,arethinkingabouthowtomaketheirassetsvaluable
as “A system that expands reality into a digital-based virtual world so that all
activitiescanbeperformedinavirtualspace.”
in the digital world, and that’s coming from their various
NFTprojects.”Assuch,globalcompaniesarerealizingthe
potentialofNFTsandcontinuingtoinvest.Rather,afterthe
CoreofVirtualEconomy,NFT
excessive bubble of the NFT market bursts and stabilizes
Because of this characteristic mentioned earlier, NFTs
afterwards, the NFT market, in the true sense, will open.
are called the core of the virtual economy, one of the
The value of NFTs should not be questioned based on the
components of the metaverse. In the future, the metaverse
initial market turmoil caused by misunderstanding and
will have a huge and complex economic system that will
overestimationofNFTs.
operate not only in the game field, which is currently
attracting attention, but also in all content, commercial,
entertainment, and cultural businesses. The main
CanpeopleimagineaworldwithouttheInternet?TheInternetisnowanindispensabletechnology.AndNFTswill
alsobelikethatinthefuture.Inorderforthemetaverse,anewworldandanupcomingvirtualworldtobeproperly
implemented,users?activeparticipationisneeded,whichrequireshigh-qualitydigitalcontent.Aneconomicsystem
isneededtoconsumeandsharethiscontent,andthisiswhereNFTswillplayanimportantrole.Recently,interest
and expectations for NFTs seems to be cooling down as the NFT bubble is bursting, along with the impact of a
globaleconomiccrisis.However,itisclearthatweneedtopaymoreattentiontothetruevalueofNFTs,ratherthan
tobedisappointedbythefactthatthebubbleofNFTsisburstingduetoresolvedmisunderstandings.SinceNFTs
willenablethefuturecoretechnologyofNFTs,themetaverse,andreal-worldlinkage.
wedae20@hufs.ac.kr
28
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