New research suggests that during the height of COVID-19, the number of people searching for a furry friend to keep them company hit new highs — not only physically but also in the metaverse.
The question is, Are tokenized pets here to stay or are they a pandemic fad?
The metaverse is widely regarded as the next iteration of the internet as a virtual world or Web3, facilitated by virtual and augmented reality.
There are a number of ways to purchase or adopt a pet in the metaverse, and they each have varying utilities. In the virtual open-world platform Decentraland, you can purchase a puppy and take it for a walk, or buy a fish and display it in a bowl on your dresser.
Another way to get a pet in the metaverse is by simply buying a nonfungible token (NFT) image on a marketplace such as OpenSea. What these examples have in common is that they both exist solely in the digital world. If you purchase an Axie on Axie Infinity, it doesn’t exist in the physical world, too.
However, there are also projects gaining popularity that aim to blend the digital and physical world. For example, ClassicDoge, which was created in November 2021, allows you to scan and tokenize a 3D rendering of your pet in the real world and bring them along into the metaverse with you.
Your real pet made into a 3D NFT Avatar.
Bridging the real world with the virtual.#classicdoge #furever #xdoge #petaverse #VirtualReality #metaverse pic.twitter.com/oq86cRG9uB
— ClassicDoge (XDOGE) Official (@TheClassicDoge) January 1, 2022
Saylor Howell, head of growth and partnerships at ClassicDoge, told Cointelegraph that although the pandemic may have provided an igniting moment for pet NFTs, they were an inevitable development of the metaverse:
“If you look at the facts, the world is changing. And I think that it’s shaping up as a very good opportunity in the metaverse to start virtualizing the things that we love.”
Although the project is still in its infancy, marketing director Kade Cooper told Cointelegraph that the team’s long-term vision is to…