NFT of NFT: Is Our Imagination the Only Limitation of the Metaverse?

Abstract

In this essay, we innovatively put forward the idea of “NFT-ing the NFT.” A standard on “divisible NFTs” will allow hundreds of millions of future metaverse inhabitants to share ownership and collectively be the user and creator of metaverse items. The first idea of “NFT-ing the NFT” is to NFT non-fungible tokens with a single, consistent representation. These NFTs include music, movies, virtual real estate, club membership, and so on. For example, a song’s NFT can be divided into 25 NFTs, allowing 25 buyers to own the piece jointly. For an NFT representing virtual real estate, separating a 100 sqm NFT land into ten 10 sqm of NFT lands enables more residents to own a piece of land. It promotes land transfers, which are conducive to the overall metaverse economy.