Bitcoin has entered the NFT space with the introduction of Ordinal Inscriptions, which are non-fungible tokens inscribed on the smallest denomination of Bitcoin. This has caused disruptions on the Bitcoin network and sparked debate about the value and applications of Ordinals. However, this disruptive change is driving innovation and leading to new developments and network effects in the decentralized world. NFTs are becoming important stores of digital culture because Web3 enables true digital ownership, allowing digital items to carry personal meaning.

Web3 technology has enabled true digital ownership, making digital items valuable as stores of culture and personal meaning. As our digital existence becomes increasingly important, the discussion of digital ownership in the metaverse is highly relevant. The value of digital items comes from their ability to contribute to one's social identity and be part of a larger cultural community. This evolution of digital items and culture is creating new virtual economies within the Web3 ownership framework, with the potential to generate $5 trillion in value by 2030.

Culture is a significant driver of the economy, creativity, and innovation, and it has a similar impact on the open metaverse. NFTs store digital culture, and their economic power is driving the adoption of Web3 in various industries. The open metaverse, based on ownership and culture, has the potential to generate $5 trillion in value by 2030, and as Web3 becomes more established, culture will continue to drive demand, consumption, and utility in the age of digital ownership. Cultural expression extends beyond fashion and includes real-world purchases such as cars, property, jewelry, tattoos, and piercings.