What is NFT? "Monkey girls" can be seen on 30,000 file exchanges

When did you first hear about NFT?

Wong Kar-wai released an unreleased video filmed on the first day of "Love Mood" for NFT. Korean idol 'big' SM announces its entry into the NFT market. NBA star Stephen Curry buys NFT Red based on his photo on the social media profile. Tencent distributes NFT gifts to all employees. The 24-year-old earns $ 300,000 per year selling NFTs. NFT is a life monster who only appears in the public eye with a new and unfamiliar face. But what is NFT?

What is NFT

The non-fungible token (NFT) is a unique token based on blockchain technology. Compared to "Bitcoin", the most popular application on the blockchain, Bitcoin is a homogenized token. The mix is ​​no different. Each NFT is unique, so you can introduce a virtual world to it. Movies, audio, video, and all kinds of simple digital creations can impact everything in real life. NFT repeats "master".

If you have bought the NFT examples, JPG image has been said. I will not be afraid of fake and replicas. Because ownership, it has already written to the Nft's life block chain. NFT membership is protected by block, open, transparent, and cannot be changed. If the number of the universe is together, the NFT can provide digital resources - the material, and even the land of the virtual world are you.

For the art industry, NFT is a technology. The auctioneer does not have to provide evidence to prove that the digital graphics sold are "genuine" and that the NFT guarantees the near-perfect algorithmic logic of the entire blockchain. Digital art auctions and secondary markets are booming.

In March 2021, Christie's first NFT art auction house will close. Digital artist Beeple's NFT artwork "Everyday: The First 5000 Days" sold for $ 69 million (approximately RMB 440 million).

A fantasy of ten thousand reds floats around

Thousands of monkeys are still waiting to be born in the air. Their characteristics are randomly generated by the program in various combinations of body, hair, hat and clothing. The process seemed to open the blinds, and according to an interview by the "New Yorker" with the creative team of the NFT series "Bored Monkey Yacht Club", all photos were hidden until they were reimbursed by the original author. .

The blockchain writes down the birthdays of each "monkey" and the original author. On the evening of April 22, 30 NFT “Devil's Monkeys” made up the first “volume”. The next day, the owners of the remaining 9,970 digital monkeys were sold for a unit price of 0.08 ether (approximately 1,449 yuan). The needles have been released and will go on sale May 1.

Some characteristics, such as laser eyes and rainbow skin, are rare and therefore beneficial. If the author can have a rare "red ghost", the second business benefits could be huge. In the case of a small number of 'Big Guys' cryptocurrencies, a general idea is to buy a large amount of NFT at the start of the NFT public offering and then resell them after the price rises.

In an interview with The New Yorker, author Goner explains the origin of the name "Girl Ape": and calls her "Stud" (from the English word Aping, Ape).

On May 1, the buyer will buy 1250 "red monsters" at a time like his brother in the world of "red monsters" (the market information is only the length of the names of the location of the client's wallet to explain easily. Later we called it "Big Brother"). He "stud".

However, when you consider the many upcoming sales of the "Girl Ape" series, these 1,250 reds do not make "Big Brother" the hottest gold on the market. 'Big Brother', according to operating expenses, earned 34.78 million yuan from 'Girl Ape' alone, the third largest among all traders. In bright light, the best customers are late for entry. Then, at a price of only 170,000 yuan, the final profit was 48.2 million yuan. It was a "monopoly" which brought in a lot of money (explained simply, then called "monopoly").

In the "boring", the line begins without making the end. 1250 "Boring", "Old" Why Do You Fail? It may be too early.

Four hours later, he bought the Boring Ape from 1734 and sold it for around 56,000 yuan. Over three months later, in 1734, "Bore Monkey" sold for RMB 8856,000, making it the best "Bore Monkey" ever sold by "Big Brother". But "Big Brother" didn't show the whole map. Now he still has 24 "red monsters" in his hands, waiting to be sold.

Red Boring: symbols or financial properties?

The "red monster" is very fashionable. Pixel cards, not only avatars for meeting places, but also bring together the whole community of collectors, various event characters, "like wearing luxury or low-cost sneakers" and "being bored". monkey ", explain the authors: It is also the first group of organizations to give consumers the right to trade" red monster ".

But these perks aren't the reason “boring monkeys” sell for exorbitant prices these days. For the most part, the “red monster” is like a financial tool for consumers. Its value is highly speculated, which has a smart "monopoly" hand to back it up.

She rarely made the movie "Red Girl" herself, only two of the more than 100 characters in which she was involved. Often he gets the members of the "red monster" from others. In the blockchain "red monster" file transfer, no one else requested it.

At OpenSea, "Monopoly", the world's largest NFT trading platform, and its four similar clients use similar names with "MightyMaxy" as the next main physical code. . At least 14 OpenSea users with them include the brand name.

These four buyers, who often work with Monopoly, used Packaged Bitcoin (WETH) to acquire “Bore Monkey,” a better token for NFT competition in the secondary market. The blockchain itself is a big bank, and like the data transfers they place on the blockchain, “Monopoly” will transfer money to those customers. Before and after the exchange, the price is slightly higher than the final price of the exchange. The customer will trade the bitcoins from "Monopoly" to WETH, buy the "red monster" and switch to the "red roll" for it. “Exclusives” typically sells “Red Monster” within hours. .

These buyers were associated with the "monopoly" and sometimes gave the boring red of their hands to other "whites", but not by many. Among them, 'Buyer No. 1' and 'Monopoly' called 56 times and focused on August, 'Buyer No. 1. 2 'was called 20 times in July, and Buyer No. 3' was called 10 times. The popularity of "Monopoly" has grown over the past two months to become "Buyer # 4" appearing 6 times, mostly in September.

These four customers, including another buyer with similar usernames, have released an extension to OpenSea. You can be suspended 3 months ago, or you can still work, but without exception, you will be participating in multiple tournaments at the same time. "Buyer # 3" was traded # 6112 "Bore Apes" for "Monopoly", premiered on November 17, and records show that on December 6 "Buyer # 3" also entered contest # 6112. The monkeys seem to be increasing the number of auctions of "Girl Apes", instead of taking them.

Unlike the "monopoly" and its "bodies", the most expensive buyers, the "rich", buy and sell themselves, with amazing results. Seven of the top 20 recipients at the time of data entry join the industry.

Until now, all "red monsters" were expensive.

At the same time, according to the smart contract, NFT can change the exchange rate for the producer to a certain percentage of each resale. In response, the creative group "Red Girl" has also achieved financial independence by relying on monkeys who are configured to "work on encryption and become weak due to financial freedom."

Gold market and access

As popular NFT series such as the "Red Girl" series have become a hot topic, investors, manufacturers, and the general public have flocked to the NFT market for fear of disappearing.

Tech group Moonstream has released data covering 9,000 NFT operations from April to September 2021, recording the sender, receiver, price, time and location of the blockchain on all exchanges.

According to the data analysis, when divided by the packaging industry, the NFT top 20 series packaging industry accounts for about 53% of the total packaging industry, but in terms packaging industry, it represents only 0.3% of the total 6283 series.

Having said that, the NFT market head effect is still very clear.

What if someone wants to buy NFT? Based on the results of the test report, it was found that the entry fee called "fuel price" should open the virtual wallet, and the current value is 0.03 ETH (ETH), which is a estimate of about 1,000 yuan. The “fuel cost” is the amount you have to pay for a “chain block”. The higher the “Cost of Inventory”, the more it is a chain. This switch can only be used if it is connected to a complete chain.

If a person wants to buy NFT, they have to pay an entrance fee of 1,000 yuan, and the price of NFT that they want to buy under the trial is only 0.003 ETH, which is about 83 yuan. . The value of understanding makes people the same.

The entry time is therefore also a kind of experience.

On December 17, 2016, Ether was worth around $ 7.82 and only RMB 1.5 could be used to open the wallet. The early Ethereum players had the advantage.

Ethereum founder Buterin has this to say about NFTs: “NFTs have always been around, but I think it's too early to report that NFTs have marked a significant change. So far it seems risky, so let's wait and see. "