Virtual Item
A virtual item is an object possessed by a player in a game or other metaverse experience.
Typically, you do not actually “own” virtual items: you are granted a license to make use of them in whatever way the game or experience has decided. Some blockchain-based experiences that use NFTs are built to allow ownership of the item, including transferring the objects to other people. This may or may not grant additional rights, which are still determined by the creator (such as the use of the content linked to the NFT, or for use in other commercial applications).