Nvidia CEO Believes Blockchain And Non-Fungible Tokens-Powered Metaverse Is Near Now

In recent news, the new and improved Voyager campus by Nvidia has been acting as a testing ground of sorts for what appears to be what will happen when the physical world meets the Metaverse.

Jensen Huang, Nvidia’s CEO, believes that metaverses are the next big craze that will dominate the world next. Metaverses may be understood as a series of persistent digital and virtual worlds which are all interlinked and have self-contained economic structures. To this end, many have been playing around with the idea of combining the world of NFTs (non-fungible tokens) and blockchain with that of virtual and augmented reality systems (VR/AR). This collaboration would also be powered by cryptocurrency and have its own internal market. Jensen has now stated that Nvidia could very well make this dream a reality sooner rather than later.

‘We are so close,’ says Jensen Huang

As part of his speech made at the online Computex Conference, Jensen had stated that Nvidia could be on the verge of obtaining the technology needed to make the aforementioned metaverse dream a reality. He had even gone out of his way to claim that various users shall be able to utilize metaverses in order to successfully ‘simulate the future one day.

NFTs had gained popularity by initially becoming a platform for struggling artists before the craze took on a life of its own. Nowadays, nearly everyone either has or is actively working towards owning NFTs. NFTs may also be defined as an art form, and this is exactly the approach that Nvidia seems to be adopting. Using a metaverse overlay, users will be able to create a connection between the digital and physical world. Digital art can be owned utilizing NFTs through augmented reality versions, the Nvidia CEO added.

Furthermore, as far as virtual reality is concerned, Jensen had stated that Voyager is already being used to test the early theories, with supercomputers being used to potentially ‘simulate complex architecture.’ The goal is to empower employees to work from home using VR headsets which will make it feel as if the work is still being done in an actual office. As Covid-19 restrictions lessen over time, we might also see a physical/virtual reality workplace hybrid occur as well.

Others joining in

It is not just Jensen that has considered the possibility of metaverses, VR/AR, cryptocurrency, and NFTs all working together in harmonious cohesion. However, it could be argued that he is definitely the most hopeful and optimistic.

Tim Sweeney, the founder of the ultra-popular video game Fortnite, had stated that non-fungible tokens are indeed a ‘plausible’ pathway that could be adopted towards creating a functional metaverse. However, he did state that it is all mainly speculation at this point.