<h2><strong>What are they?</strong></h2>

<p>Virtual Reality is a computer generated artificial environment that allows its users to be fully immersed while experiencing it. The VR headsets used to achieve it take over your senses to make you feel like you&rsquo;re somewhere else entirely, replacing the real world with a virtual one. The headsets use 6DOF, or six degrees of freedom, motion tracking which helps them detect which direction you&#39;re facing and what movements you make in those directions. VR has applications not just in gaming and the entertainment industry but also in medicine, architecture, education, etc.&nbsp;</p>

<p>Augmented Reality, on the other hand, uses clear visors or smart devices to layer visual, auditory and other sensory information on real world environments around you. The introduction of this technology made a big impact in the gaming industry as well as healthcare, education, defence, etc. Some common examples of AR are the game Pokemon Go and Snapchat filters.</p>

<p>&nbsp;</p>

<h2>The Future&nbsp;</h2>

<p>While it&#39;s still uncertain whether we&rsquo;ll be able to experience the kind of advancement in VR technology and gaming as seen in Ernest Cline&rsquo;s sci fi novel &lsquo;Ready Player One&rsquo;,&nbsp; VR and AR technologies are progressing fast, with VR being one of the fastest growing industries in the world.</p>

<p>The future of these technologies will offer players more immersion, control and entertainment, which is something every gamer can look forward to.</p>

<p>With this growth, comes the demand for a more affordable way to experience this type of gaming by the consumers, which is why AR is gaining more and more popularity because of the lack of additional equipment required to be able to play. More and more companies are entering the VR market and are rushing to make their headsets more affordable and accessible.</p>

<p>&nbsp;</p>

Virtual and Augmented Reality:  The Future of Gaming?

<h2><strong>How do they work?</strong></h2>

<p>NFTs, or non-fungible tokens, are digital files like art, videos, animation, music, etc., that cannot be replaced and are stored on a blockchain to ensure ownership and no fraud. They can be sold to people but the artist retains the copyright which they can also choose to sell. Just like physical art, copies of NFTs can also be acquired, but there will only be one original with the highest value. That makes them collectible assets that hold value, also just like physical art. NFTs are giving artists the opportunity to not have to rely on galleries or auctions to earn off their work, instead selling it directly to the buyer by making it an NFT.&nbsp;</p>

<p>Art isn&rsquo;t the only thing being sold as NFTs as we already know. Brands like Taco Bell are making their own themed NFTs to raise money for charity and NBA game clips are also generating a lot of revenue. Even celebrities like Lindsay Lohan, Snoop Dogg, Amitabh Bachhan and Salman Khan are trying to cash on the trend by releasing moments or artwork as NFTs. Madonna recently collaborated with the artist Beeple to work on her &lsquo;Mother of Creation&rsquo; NFT project.&nbsp;</p>

<p>NFTs are secured on cryptocurrency blockchains, usually the Ethereum blockchain, which is a cryptocurrency with its blockchain keeping track of the selling and trading of NFTs. Blockchains are a way of storing data without having to trust any one institution with it, in a way that makes it difficult to hack the system. They are essentially a ledger of transactions and the information stored in blockchains cannot be altered or edited.&nbsp;</p>

<p>NFTs are changing how art is made, sold and bought and they&#39;re becoming more significant with the development of the metaverse. So one thing remains certain, that they will definitely stay relevant for a good while and continue to grow more popular.&nbsp;</p>

<p>&nbsp;</p>

What is NFT?

<h2><strong>An Overview</strong></h2>

<p>Blockchain is a shared network that effectively tracks transactions and assets in the virtual world. It is a highly reliable and cost-effective method of recording basically anything of value in the information system.&nbsp;</p>

<p>Only secured network members have access to this data. It tracks information end to end making it impossible to duplicate, replicate or forge.&nbsp;</p>

<p>&nbsp;</p>

<h2>How does this work?&nbsp;</h2>

<p>Each transaction or exchange that occurs is recorded as a &lsquo;block&rsquo;. Now these individual blocks form a chain as and when the record keeps increasing, meaning as the asset keeps shifting with each transaction it is recorded like a chain to track its movements.</p>

<p>Each block is securely linked together as evident in the above image to track its progress without any alterations whatsoever. This irreversible chain is called the blockchain.&nbsp;</p>

<p>Cryptocurrency uses blockchain as its transaction system or ledger. Considering that digital currencies are unregulated transactional mediums, blockchain provides a safe and secure method for people to trust and transact in the virtual world.</p>

<p>&nbsp;</p>

Virtual and Augmented Reality: The Future of Gaming?

What is NFT?

Building Blocks of Blockchains