• Yash Mhatre
• Yogesh Mishra

In this study, we investigate the economics of the metaverse, concentrating on three main areas: digital asset ownership, NFTs, and cryptocurrencies. Let's start by discussing cryptocurrencies. The money in the metaverse is entirely digital, much like the money in your bank account or wallet. Within the metaverse, items can be purchased, sold, and traded using this virtual currency, also known as a cryptocurrency. NFTs are the next topic. These are equivalent to unique credentials that demonstrate your ownership of something valuable in the virtual world, such virtual land or artwork. Because they guarantee that digital goods can be held and transferred in the same ways as physical ones, NFTs are significant. Finally, ownership of digital assets is significant in the metaverse. With all the digital stuff out there, it's important to recognize who owns what. Thanks to technologies like blockchain, ownership may be established securely and dependably without the need for a centralized authority. So why is any of this relevant? It does, however, have important ramifications for society. The purchase, sale, and exchange of digital items is transforming the economy. Also, as we accept digital assets in the metaverse, our conceptions of ownership are changing. The potential for virtual economy in the metaverse appears to be rather promising. But there are also obstacles to overcome, like making sure security is maintained and resolving technical problems.

Cryptocurrency, NFTs, Digital Asset Ownership, Implications for Society, Future Directions and Challenges

"Virtual Economies in the Metaverse: Cryptocurrency, NFTs, and Digital Asset Ownership ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 6, page no.d552-d556, June-2024, Available :http://www.jetir.org/papers/JETIR2406368.pdf

"Virtual Economies in the Metaverse: Cryptocurrency, NFTs, and Digital Asset Ownership ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 6, page no. ppd552-d556, June-2024, Available at : http://www.jetir.org/papers/JETIR2406368.pdf