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Huobi Accelerates Work in NFT and Metaverse

The intensifying competition in the NFT and metaverse realms is also impacting cryptocurrency exchanges, with Huobi actively working to fortify its position through new initiatives in this dynamic field.

The past two decades have witnessed a surge in information technology, accompanied by advancements in technologies like 5G, Augmented Reality (AR), and Virtual Reality (VR).

Blockchain economies have experienced growth, the concept of the Metaverse is gaining prominence, and Facebook has rebranded itself as Meta in anticipation of the unfolding Metaverse era.

Simultaneously, the ERC-721 NFT Standard continues to evolve, facilitating the on-chain trading of tens of thousands of NFT products.

Huobi Accelerates Work in NFT and Metaverse

NFT platforms such as OpenSea and Super Rare, alongside NFT aggregators, have become increasingly prevalent. The rapid ascent of GameFi applications like Axie Infinity further fuels discussions on how NFTs can seamlessly integrate with the Metaverse, GameFi, and various other domains.

In parallel, the development of Decentralized Identities (DID) is recognized as a crucial step toward the Metaverse. Establishing a comprehensive on-chain identity for users holds significant importance.

Huobi NFT actively participates in the decentralized identity space, having initiated user DID registrations in early 2022.

According to statements from the exchange, 950,000 users have registered their DIDs through Huobi NFT to date, underscoring the platform’s commitment to shaping the future of identity within the evolving landscape of the Metaverse and blockchain technologies.

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