February 2022

[vc_row][vc_column][vc_column_text] Do you know what NFTs are? To understand the concept of NFTs, we first need to know and understand that in our legal system, there are fungible goods and non-fungible goods. [/vc_column_text][vc_column_text]Expendable goods are those that can be exchanged, having a value according to their number, measure or even weight. Non-fungible goods are those that are not substitutable and are intangible. In other words, an example of fungible goods is cash. A banknote can be exchanged without any problem for another banknote or even for coins. Moreover, this banknote is consumed when you use it, and you can get more. And on the other hand, an example of a non-fungible good would be a work of art. If you have a painting at home, it is not consumed when you use it, and it cannot be replaced by another painting. A work of art is unique. NFTs have a very close relationship with cryptocurrencies, at least technologically. And, although they are opposites, since a Bitcoin is a fungible good, and an NFT is a non-fungible good, they are like two sides of a technological coin. NFTs work through blockchain technology. Transactions in the virtual world are generally conducted using cryptocurrencies, and apart from these, non fungible tokens (NFTs) are the primary method for monetizing and exchanging value within the metaverse. An NFT is a unique digital asset, serves as proof of ownership and is not exchangeable, as we discussed above. Why would you buy an NFT if NFTs cannot be bought and sold as easily as Bitcoin? Well, it\\\’s simple, because we believe that its value will increase over time, and then we can sell it at a higher price. Nobody spends €20,600,000 for a house in the metaverse because they like intangible houses, but because of the value of that particular house being an NFT. Therefore, it is that if I buy a NFT for 1,000,000 euros, in the future I can resell it for more money. It is a unique asset, which in theory should give it a higher value as there is no other like it. Do you want to make NFTs? Here is a video so you can learn how to do it in just 10 minutes. If you want to learn more, you can read everything about Metaverse here.[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column][vc_column_text] Pros and cons of the metaverse We all know that the metaverse is currently booming even though it is still in the process of discovery. Here we leave you a few facts that we have collected after the research and which can help you decide whether you like the idea of getting into the metaverse or not.[/vc_column_text][vc_column_text]One of the requirements to be able to enjoy all the possibilities of these worlds is to be a cryptocurrency user and to have a wallet. This virtual universe will be accessible through devices such as virtual reality or augmented reality glasses and applications for smartphones. Would you be willing to buy augmented or virtual reality glasses to have access to this? That said, we would also have to keep in mind that, where it exists, this technology should be affordable for everyone. Another point to keep in mind with the above is, not everyone in the world can buy Apple stock, but virtually everyone with an Internet connection can buy virtual land. The accessibility and interoperability that the metaverse brings you to be able to go from one space to another without logging in, this is a good benefit isn\\\’t it? The risk, some experts point out, is that the company (which today is the leader in social networks with Facebook, Instagram and WhastApp) ends up monopolizing the virtual world as well, which would prevent, once again, other companies from reaching the expected profitability. Something that is differential of the metaverse, Plazas points out, is the virtual economy with social impact. \\\”Our buying and selling relationships are social; links are established between buyer and seller,\\\” Plazas A world without restrictions, with everything to discover, where you can play, be distracted, learn, but also work, while virtual real estate assets. To give an example, real state assets are a non-fungible digital asset (NFT), representing a limited and scarce virtual space that resides within the Metaverse. This is true for many sectors in the metaverse. Finally, we leave here all the data, all the pros and cons of metaverse, and you will be the ones to decide how to see it, are they benefits?, are they disadvantages?, Which ones matter more to me? If you want to know more about this, next Wednesday we will post more content about the metaverse. You can also read our other blogs here. We leave here an explanatory video that you may find very interesting:[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_video link=\\\”https://www.youtube.com/watch?v=4zppKxiIPiA\\\” title=\\\”Metaverse\\\”][/vc_column][/vc_row]