NFTs are the revenue model for metaverse, crypto veteran says

The metaverse's economy is predicted to be driven by the NFT, like the one picture here, "CryptoPunk #7523", a series of 10,000 unique pixel-art characters made by Larva Labs in 2017. — REUTERS

William Quigley, a co-founder of stablecoin Tether and a pioneer in the cryptocurrency space, sees the metaverse as a huge economic force that’s going to change people’s lives significantly in coming years.

Quigley is a co-founder of the Worldwide Asset eXchange or WAX, a carbon-neutral proof-of-stake blockchain that specialises in areas like non-fungible tokens (NFTs) and video games.