NFTs are backed up by blockchain technology. As they have smart contracts, the transactions inside the metaverse will be more secure, fast, and accurate. Moreover, it will help to create a sustainable, flexible, and strong financial ecosystem in the metaverse.

Virtual world means large virtual space where anyone can own land in Metaverse. NFTs will help in digital identity and maintain the ownership of any land bought in Decentraland. Additionally, one can buy, sell, or rent their virtual property using a smart contract utilized NFT tokens.