Modern community forms do not necessarily have to be based on geographical proximity with business communities being an example. The practical application of blockchain, most notably Non Fungible Token (NFT) paves way for a new society. NFT based communities are altering the social and economic landscape of virtual society and so may be seen as prologue to the possibility of virtual society at large.
Taking The World By Storm: NFT-Based Communities
Non-Fungible tokens have in fact transformed the notion of ownership digital assets. These tokens, which are safeguarded on a blockchain, are used as a form of digital identification and acting as proofs of ownership of others digital products like artworks, music, virtual real estate, collectible items among others things. But in fact, NFTs are not only a way to own digital assets, but they are a way of creating communities.
NFT based peer groups are established based on common passion, principles, and objectives. Such communities are usually formed based on enthusiasts who interact with specific NFT collections on social, discourse, or cooperation levels. This is a result of the ownership characteristic where each member’s NFT acts a symbol of identity within the corresponding community.
Digital Societies and Economic Systems
Another major effect of NFT based community is the formation of digital societies with the their sort of economy. These societies exist in worlds created by computer technology and NFTs are employed in these societies as currency, status symbols, and instruments of governance. Its members can purchase, sell and exchange NFTs and engage in a truly free market of digital assets which is often even more elaborate than physical markets.
These platforms such as Bermuda Unicorn have been central to this kind of change. A perfect example is Bermuda Unicorn which is an NFT marketplace coupled with an active and creative community. Here, the users can search, generate, and sell them, besides browsing, 3D microblogging, and other related activities. The main idea is that the platform has emerged as a popular place for the heads of NFT communities, where societies digitally can freely develop.
Blockchain-based digital societies: prospects
The possibilities of new forms of NFT-based communities are not limited only to owning and trading vehicles. Such digital societies are increasingly being applied to governing practices where one can cast a vote to determine the future course of the societies. This approach enables decentralised implementation as people are thus directly involved in charting the course of the community.
Indeed, as the technology progresses we can forecast that even more creative ways of incorporating blockchain in creation of digital societies will appear in the future. , Bermuda Unicorn as a venture, which incorporates the features of NFT market, virtual environment, and 3D microblogging, is at the forefront of this process, and gives an insight into how such communities may evolve.
NFT based communities are not just forming digital societies, they are co-creating our future interpersonal relationships through collaboration, creativity and the economy.
