What is the value of NFTs when the hype becomes a model?

If you want to ask who has been the hottest newcomer to the tech and investing world over the past year, NFTs can compete for the top spot with “Everyone Important”.

In particular, over the past three months, Google search traffic for NFT speakers has grown steadily, beyond most of the content that has long been the leader in search-related cryptocurrencies., "DeFi", "Ethereum", and even "blockchain".

While it's “Everyday,” an event that sells for around $ 70 million, “NBA Celebrity Elementary School Student's US $ 180,000 to BAYC Avatar” and other NFT offerings, or Superb NFT “The Challenge” like the NBA Top Shot, and Axie's NFT Infinity could quickly enter the public eye.

Hot NFT in the game one after another

What is the main market for NFTs?

The art market for example, since April of this year, NFT art sales are booming$ 437 right; In the digital derivatives industry around the film industry, the producers of ibox and the film "Dynasty" released the first series of NFT films in Korea, and in the field of digital music, NFTs have become the source of income for musicians.

It is not uncommon in the cycle to sell high NFTs. The adults on the internet also saw the NFT follow-ups one after the other and started distributing it.

Ant enters the country on the Internet for the first time in NFT,In June 2021, Ant Group launched Alipay's small “AntChain Fan Tablet” service. Upon its release, it received a lot of attention in the market.

After the swarm of ants twists the first trumpet,Tencent, Byte, Xiaohongshu, Baidu ... Seven Internet giants once entered the NFT, and a new business ecosystem fell silent.

NetEase's IP-Approved 'Forever Tribulation' Game Launches 'NARAKAHERO' Series of NFT Blind Boxes Sold Out in 15 Minutes Online Streaming, and PCG, a Tencent Affiliate, Launches Magic Core App, Calls As than 'Korea first' NFT trading platform, "Xiaohongshu NFT digital collection launch, Baixin Bank, a Baidu employee also launched NFT digital collection, Ant Group is slightly underestimated in external advertising, but it there is still hope for NFT activity.

At the same time, more and more artists, investment firms and big online sites are starting to abandon their old values ​​and glasses to enter the space.A new "execution" based on NFT is the slow open "throttle" mode.

Is all the hype?

People from all walks of life come to NFTs because NFTs are so rewarding. But when something new happens, it's always with a new problem.

Currently, human behavior for NFTs has been divided into two pillars.Supporters of his case have worked to make the actual transcript of this statement available online. Protesters believe the NFT industry has entered a period of "unprofitable" prosperity. With a taste of "hype", "bubble" and "thought".This is not uncommon and the effects of DFTs themselves vary.

Liu Kelin of the Sichuan Blockchain Association told Leifeng.com: At a cost of tens of millions of dollars, there is a gambling investment behind it. "

And Liu Kelin was also asked to consider the quality of the hype for the market. "New business needs to be seen and recognized by a large number of people or strangers. So it needs to be limited. 'Hype' is the process of breaking the cycle and creating value," he said. he declares.

However, NFTs are a controversial topic in their current form.

Overall, the hype surrounding NFTs stems from the ability to disrupt the art markets for brand names. Due to its financial success, NFTs will bring more assets and expertise to the chain and play a key role in bringing ecosystem-based NFTs into compliance.

Obviously, NFTs, now called “hype”, are not the real face of NFTs, and they do not correspond to the original goal of developing NFT technology.

Sister tab,Time is the bubble's biggest enemy, and as the industry evolves and awareness of NFT increases, it becomes more difficult to create large bubbles. to flowThe movement problems are similar. As people's expectations for the price of DTV stabilize and the risk of owning DTV decreases, more and more people will enter the market and contribute to the potential.

A significant part of the meta world

In industry, trade measures have always been seen as an integral part of the “metaspatial infrastructure”. Blockchain and NFT technology are considered to be the pillars of the metaspatial industry.

Many rely on NFT to support meta-globalization. Can NFTs find a new direction in today's meta-world strategy?

From the present point of view, the development of the metaverse requires independence from industry, and this system should have the following characteristics.

1. Good liquidity - Supports user activity

In the meta-world, the liquidity of the tokens in the meta-world should be able to facilitate user interaction. In the meantime, these revenues should be reflected in the “user-platform” relationship, and manage the “user-service (eg UGC developer),“ service-platform ”and“ user-user ”relationships.

2. Improved security - Frequently designed UGC

On the other hand, security should consider that virtual devices stored by users of the Metaverse platform are less vulnerable to crimes such as theft and fraud, and on the other hand, security should take into account the user protection. To reduce the risks of plagiarism and theft of the rights and interests of the producers of CGU.

3. You must obey the law. Reduces operational risk on the meta edge.

In considering the Metaverse, we need to see the red line of the state regulator in the industry to prevent criminals from using the Metaverse to engage in crimes such as gambling and laundry. At the same time, it is necessary to avoid the incidence of token hype in the metaspace, which also increases the risk of violations in the meta-space.

And NFTs can hold promise for the meta world.

NFT examines the status quo of virtual wealth, ensures that wealth is equal and efficient, and prevents the creation of virtual worlds.In addition to the "rich" features of NFT, many people have tried the "nuggets" in NFT games. And if this 'gold mine' is referred to the meta-world, a new wave of 'gold bars' will appear.

concludes

NFTs have been proven in the market to explode.

Although the market has faced the 'baptism' of cryptocurrency speculation risks,As a new technology, NFTs may also become the new focus of technology and investment in the “post-Internet age”.

On the flip side, closing the business cycle of NFT's build platform creators can benefit everyone on the new chain if it works well. , can be tightened with more business and make it more profitable for trade and impact.

Currently, NFT is in its infancy in China, and a complete and healthy ecosystem has yet to be developed. But judging by the current equipment and design needs and the longer the future, the more opportunities and risks there are.

If you give us a little more time on this new song, I think NFT's "new one" will amazingly grow on the expectations and issues of all parties and become new life in the future.