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3 Key Issues in Monetizing the Metaverse.

Why might NFTs power monetization of the metaverse?

NFTs are comprised of a digital token recorded on a blockchain and the content associated with that token.

A purchaser of an NFT acquires ownership of the token but often only a license to the associated content, the copyright of which is retained by the content owner.

Aspects of Web3 may be in tension with traditional regulatory regimes but companies remain subject to real-world rules and regulations.

While opportunities abound in the metaverse and NFT space, concerns of fraud, manipulation, and money laundering are well founded when it comes to digital trading.

It is not a given that metaverse or NFT platforms perform anti-money laundering (AML) and Know Your Customer (KYC) processes on their users.

Entering the metaverse and utilizing NFTs may mean entering the world of crypto.

A key decision companies must make when entering into digital commerce is whether to accept fiat currency (e.g. U.S. Dollars), cryptocurrency or both.

If they choose to accept cryptocurrency, they need to further decide which coin(s) and which digital wallet(s) to accept.

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