NFT: Most Outstanding Player of the Year

A 12-year-old receives $ 340,000 in two months, which should even become a reality in the summer of 2021. And the reality is now connected to NFT, a new outlet for the A market.

Since the advent of Bitcoin and blockchain, new ideas have emerged one after another, and the digital world seems to be changing rapidly. The meta world has become unknown and the wave of NFT has swept through.

According to a report by industrial research company Chainalysis, the size of the NFT industry in 2021 will reach at least $ 26.9 billion, or about 170 billion yuan. The way for kids to get rich is by posting NFT charts to earn more ether.

Newness is always associated with conflict. Stars like Xu Jinglei and Lin Junjie are flamboyant NFT avatars, and NFT supporters hope that art writing is only a small part of the NFT application, and that hope is broader.

However, there are also blockchain experts who have pointed out the industry where everyone is looking at whether NFTs are appropriate or not. Some tasks are carefully defined, others just “add numbers”.

Obviously, the NFT wave is getting more attention. On December 21, British telecommunications company Vodafone won the competition for the world's first NFT format at an exchange rate of 107,000 euros (approximately 769,000 yuan).

What is NFT? What are its advantages and disadvantages ? This sentence tries to provide an answer.

dreams of wealth

How long does it take to become a rich man, the real experience of a young man is two months.

By the summer of 2021, 12-year-old Benjamin Ahmed had become rich. In July, the teenager started selling images of NFT digital artwork called “Weird Whales”.

At the end of August, direct sales of this coin changed it to 80 ether. At the same time, due to the special rules of the NFT industry, when his whale is sold, Ahmed will get a panel price equal to 2.5% of the exchange rate, which in turn is 30 Ether.

(Benjamin's personal homepage on the NFT OpenSea trading platform. Source: screenshot)

According to retailers at the time, Ahmed's net worth reached US $ 344,000. Under the current situation, these revenues are more than 2.4 million yuan.

New technologies and new ideas create new health. The boy's story is only temporary. The NFT market has an incredible history.

On February 25, 2021, Christie New York presented a work entitled "Every Day: The First 5000 Days" (after "50000 Days").

Much of the work of Bipple's digital artists over 5,000 days ago. But the details are in the form, not the details. Unlike the physical artwork known to the public, “5000 Days” is a high performance NFT digital system.

(Extrait de 'Daily: First 5000 Days. Source: coolmaterial)

The starting price is $ 100, and after 15 days of auction, the final bid is $ 69,346,000. Converted to RMB, it is around 410 million RMB.

The price is quite shocking. However, in December, NFT operated 'The Merge' sold for $ 91.8 million, setting a new record. Still unknown to the general public, NFTs have become a real asset.

NFT, the full name, is a non-fungible token, usually means:Non-homogeneous tokens or non-homogeneous tokens. It is an application of blockchain technology.

The first NFT project was CryptoPunks, born in June 2017. A couple started a lab in New York City to create pixel-style punk character avatars. The total number of avatars is 10,000, including 3,840 women, 6,039 men and a few monkeys and aliens.

At first it was free, a lot of people didn't listen. However, it gradually gained popularity and continued to be popular.One of the avatars sold for 4,200 Ether in March 2021. It is estimated at 100 million yuan, according to the current market.

(CryptoPunks. 출처: larvlabs)

Four months after the birth of Cryptopunk, a game called CryptoKitties also made a name for itself in the NFT market.

Currently, drawing and playing art is the hottest spot for the NFT app. In particular, NFT graphics have caught the attention of many artists.

Musk took an early interest in NFTs.NFT is another form of the US dollar.Musk also announced in March of this year that he would "sell music on NFTs as NFT." On the football field, NBA star Curry spent around $ 180,000 on NFT profile photos.

Xu Jinglei changed his image of NFT friendship, Hu Yanbin released his own demo of his song "Monk" written on the 2001 NFT 20th Anniversary vinyl as a Chinese Valentine's Day gift. . . .

(Xu Jinglei)

The NFT industry is booming. According to industry data, the NFT industry will reach at least $ 26.9 billion in 2021.

So what is the cost of DFTs? Why is it so popular?

Stories about the meta world

In order to experience the value of NFT, we need to start with its functionality.

As a non-homogeneous token, NFT is indivisible and different from the equivalent token of Bitcoin. These features made the NFT digital certification for pinning a wide range of assets.

Simply put, NFTs can be used to "stamp" a variety of things. With this "stamp", the whole world knows that it is yours and that it is indelible and permanently closed.

A specific way is to record the relevant data and information exchanged in the past for the domain in a smart contract and establish special rules for the domain which cannot be interfered with on the blockchain equipment.

The NFT is equivalent to the Membership Certificate. In addition to the graphics mentioned above, toys, mirrors, virtual buildings, etc. can be pinned to the NFT.

(Dunhuang Art NFT)

This enables NFTs to improve the marketing of digital content.

Identical images on the Internet can be printed and sent by anyone, and there is no difference between the original and the copy. However, the image resolution of NFT is exceptional. Real and permanent users own this digital content, ensuring legal protection.

At the same time, NFTs have some very interesting features for graphic design,This means that even though NFT projects are sold regularly, artists can still get a percentage of the cost.

These qualities will undoubtedly support the importance of artistic creation.

Moreover, with the advancement of digital technology, the ingenuity of digital operations has been constantly reduced, accelerating the development of NFT. There is no way to do oil painting without long training, but with the help of software even people can operate NFT.

But the potential of TVN does not stop there. Conflux, which focused on boosting performance on the public blockchain platform, told the company that NFTs would be smaller if they were limited to performance.

In terms of growth prospects, NFTs are also linked to the concept of meta-space, sought after by big tech companies.

CEO Liu Chang pointed out that the biggest problem with the Metaverse is starting a business, and NFTs can help deliver Metaverse assets and help solve this problem.

In fact, the industry's expectation of DTVs is largely due to the fact that there is a solution to the real problem. In addition to digital graphics, NFTs can also be integrated with physical devices to provide authentication to consumers.

For example, the data entities registered on the NFT blockchain can track the data, to ensure the accuracy and ownership of the data after the digital content connected to the chain. .

technically,The information security of the channel is fully guaranteed. Data tampering requires handling over 50% of the blockchain's computing power, making it nearly impossible to accomplish.

This broadens the perception of DFTs. Today, NFTs are gaining popularity through home based businesses.

Alibaba announced the NFT AntChain Fandian trading platform, Tencent launched the NFT Magic Core App trading platform, and Sansan Studio of NetEase Wenchuang and Nervina Labs jointly announced the NFT project "Little Sheep Sansan Commemorative Gold Coin" .

A-market partnerships, always open to new ideas, do not miss this difference. Some of the companies I was researching recently had both meta-global and NFT content.

Shares of Legg Mason Culture rose 68% last month. In September 2021, Yuanji Xingkong, owner of Mosaic Culture Company, announced that he would establish a joint venture with his joint venture, Tongdao Uncle, to create an NFT star. . At the same time, Yuanji Xingkong promised the artist to complete the output work of NFT, such as the theme of Mi Qiaoming's "Bear and Robot" series.

Tomcat shares rose 15.7% last month. At the end of September, in response to questions from investors, it was announced that he would pursue the NFT industry certification for the “Say Tomcat Family” IP.

Vision China stock price rose 23.4% last month.In its semi-annual report, Visual China said that NFT technology will be used to improve the community based products and functionality of visual arts tools, further supporting manufacturers and improving the ability to recognize assets.

However, there are some people in the blockchain industry who are not satisfied with the consumer products mentioned above. He pointed out that real NFT devices need to be delivered to the public blockchain, but original company NFT products typically do not.

For example, Ant Million Fan Chain is based on Alibaba's Ant Chain to identify policies and industries, and Magic Core is based on Tencent's Letter Chain.

In addition, some blockchain experts have pointed out that the main problem with legal protection is legal recognition, but NFTs have shortcomings.“A chain inheritance may prove he was on the chain for the first time, but you cannot prove that the law is yours because it depends on the chain for the first time.

In other words, the basis for the reliability of NFT applications is weak. A second business that follows the concept of NFT is hard to dispel skepticism from the hype.

Fortune Adventure Game

The value will not be generated by the wind. Chaos follows the story of NFT's wealth creation. The blockchain experts mentioned above have described the state of NFTs in the market over the past six months.

Depending on the person,In June and July, the NFT cycle is controlled by avatars, and November by activity.Advertising for Blockchain games allows users to purchase items or accessories in their game. And these devices and equipment are also on the NFT and can be upgraded to similar products.

Some supplies and equipment can be sold at very high prices. But the question is, is this hype on the drum or the flower, or is it true that users are seeing the game?

Axie Infinity, the mainstay of blockchain games, has been popular for creating money models.

According to Tianfeng Securities, the gaming industry includes SLP / AXS tokens and three main models: combat and recovery.

Newcomers purchase Axie enemies from existing in-game enemies, gather enough 3 Axies to form a team, and earn SLP tokens in battle. ; SLP and Axie win by fighting and in breeding are sold and sold for money.

95% of the revenue goes from various businesses to players, and an additional 5% is used to manage the cost of sports and gifts.

If pleasure is the engine of human activity, pleasure is its engine.Axie Infinity's ability to make money by playing games gave some hope of making money, which led to the popularity of the game itself.

First in the Philippines, Axie Infinity was popular in India, Indonesia, and Brazil. According to data from Dappradar, Axie Infinity generated more than $ 776 million in packaging business in the third quarter of 2021. As of October 16, the historical market for Axie Infinity products reached $ 2.57 billion, ranking at the forefront of drafted NFT plans.

As Axi Infinity has opened the door to a new world, and other sports companies are starting to follow the wind.

Blockchain experts say that this year, in particular, some sports companies are still coming together to seek investors: “Some investors can get 30-40 BP (business plan) per day.

Depending on the fire strategy, there will be more coping plans, there will be people who will focus on the job and others who "just rehearse".

Regarding the development of NFT, even in the field of blockchain, everyone's ideas have not yet been incorporated.

Whether it's Bitcoin or NFT, its price usually depends on popular consensus.The more people you know, the more solid ideas you have about yourself and about big business. However, compared to the cryptocurrency craze, NFTs aren't very popular.

Regarding Metaverse, Liu Chang agrees with Luo Yonghao.If we lived in the virtual world longer than in the real world, the meta-world would come. He thinks that period will come in the next 5-10 years. Therefore, Liu Chang believes the future of NFT is bright.

However, the blockchain experts mentioned above are skeptical of the value of NFTs, and according to their theory, NFTs can be viewed as an investment or a speculation. "Like the stock market, some companies have bad roots, but some need them."

In general, some investors are really optimistic about the outlook for NFTs, while others are really optimistic. Everyone has a side view of the value of NFT, and there is no right answer. This guy invested in a lot of NFT equipment, some doubled in value and some lost more than half.

Going back to the legend of making money with NFT products, it is really interesting that a 12 year old boy can make $ 340,000 with NFT in two months. However, this boy has been passionate about the job since he was 5 and even created an NFT art print before the release of “Stranger Whale,” but it didn't sell well.

The art world is also divided into NFT. Christie, an auctioneer, once said that buying NFT is pointless.

The story of the NBA star who spent $ 180,000 on an NFT profile picture looks fantastic. But be aware that Curry's salary is $ 40 million per year, which works out to $ 100,000 per person the average person will regularly buy a Bluetooth headset.

For the wealthy, the early consumers of NFT were experimenting with art forms that conveyed pleasure and taste. But for ordinary people, playing on NFTs is a risk of getting rich.