Web3 and gaming:  what impact do NFTs have on the video game industry?

Video games have significantly evolved since their beginnings as simple simulations in the 1950s.The first consoles such as the Magnavox Odyssey and the Atari 2600 transformed home entertainment in the 1970s and 1980s. The Nintendo Entertainment System, the Sega Mega Drive and the Sony PlayStation subsequently improved the graphics and storylines. Since the beginning of ...

Metaverse economics: How does it work?

The Metaverse is the evolution of immersive experiences and interactions currently taking place on the Internet. This is done thanks to new technologies such as virtual reality (VR), artificial intelligence (AI) and others.  But also, in this new digital era, a different economic system has been created, quite unlike the one we know in the ...

Telefónica NFT Marketplace: what is it, what is it for and what kind of collections does it offer?

You may have ever wondered what an NFT is. A NFT or Non Fungible Token (Non Fungible Token) is a unique and indivisible digital asset that cannot be modified or exchanged, even for another token of the same value. Therefore, no two NFTs are the same. For example, in the art world, pieces are unique. ...

What is a wallet and how does the Telefónica NFT Marketplace wallet work?

A wallet to buy NFTs (Non Fungible Tokens) is an essential tool in the world of cryptocurrencies and digital assets. Basically, a wallet is an application or software that allows users to store, receive and send cryptocurrencies, as well as interact with decentralized applications (dApps) and NFT markets. When configured, the user obtains a public ...

What is the digital carbon footprint of NFTs?

NFTs (Non-Fungible Tokens) have emerged as a revolutionary technological innovation in the world of digital art, literature, gaming and entertainment. However, their growing popularity raises challenges about their environmental impact, due to the energy consumption that occurs during production, exchange and storage on the blockchain. Offsetting the carbon footprint associated with NFTs is an important ...

Learn what it is and what you can do in the Metaverse

What is the Metaverse? The Metaverse is much more than a platform. It is a concept that redefines the way we interact with the digital world and imagines a three-dimensional space where physical reality merges with virtual reality. Thus, it allows us to immerse ourselves in a parallel universe where we can be whoever we ...

Sport in the Metaverse, the future of training?

Have you ever imagined what it would be like to box in a ring surrounded by people or that the best seat to watch a basketball final is on your couch at home? Today, you don’t need to imagine it because it’s already possible. The Metaverse offers infinite possibilities of what to do in it ...