What are the application scenarios and values ​​of the next National Museum of the NFT Palace?

As an investment, the Palace Garden NFT will go on sale on December 24 on the platform only. In fact, there are many similar NFT gameplay across multiple platforms this year.

So what is NFT and what are the application scenarios for its value? Let's do a brief introduction.

01What is NFT?

The name of the NFT is Non-Fungible Token or Non-Fungible Token., FT (homogenizationlive). Heterogeneous tokens are tokens that have been specifically identified and are not mutually exclusive.

It seems a bit more abstract. For example, let's talk about homogenized tokens like Ethereum, Bitcoin, etc. I have bitcoin and am exchanging it for one of your bitcoins. It does not affect the price in any way. What I have is still a little. eh. Like $ 100 in my hand and $ 100 in my hand are interchangeable (unless you include the above coding difference).

But if I had a concert ticket in hand, I would probably refuse to exchange a concert ticket in your hand because me and your ticket would be in different positions. My tickets will be in the first row. You are on the last line. The number is clearly written on the ticket. There is a difference between the two tickets.

NFTs are like concert tickets, all unique. Also, unlike Bitcoin or Ethereum, the ability to divide by 0.1 or 0.01 NFT is negligible. Like a concert ticket, you cannot enter the courtroom if you are carrying half of it.So what are NFTs for?

02 ibCost of NFT and application scenario

We know that the Internet is a world where free streaming of information, such as text, photos and videos, can be quickly sent from the Internet to anywhere in the world. .

However, when these letters, photos and videos were sent, an actual letter was sent and the authorities kept it locally. The pictures have floated all over the internet on several occasions, and can you tell who the original is and where the poster is?

Because NFTs have unique characteristics, the text, graphics, and video they contain are unique in the digital world.

No matter how much you copy this information, the original is the one with the NFT ID. Moreover, as NFTs are based on the output of blockchain technology, data can be exchanged freely with NFTs without intermediaries.

Blockchain is called the “Internet of Value” because it completes the end of the Internet and solves the “double spending problem” of businesses without any other middleman. NFT is now "Internet of value". Shiny beads on the wall.

So where are NFTs used?

In fact, there are many applications for NFTs. Like Christie's NFT digital artwork, the artwork itself is based on blockchain technology. NFT stands for self-employment. NFT tokens are sent from the seller's wallet to the buyer's wallet, and the buyer makes payment. , which means the end of the exchange.

NFTs such as these include crypto gambling tools (such as Smashing Crypto Cat from 2017 and the current game AXIE), crypto collections (NFT from NBA Star Highlights Moments Video from NBA Top Shot), etc., which can receive future funding. . Derivatives, personal information, etc.

Of course, in addition to these simple crypto tools (NFTs developed by blockchain technology), there are also physical devices that configure NFTs, like movie theaters, homes and more. Proof of personal transformation requires the trust of other middle class people in the real world to give witnesses the determination that DFTs can match their assets.

Other types of Internet assets, such as records, must also be provided by third parties with the relevant credentials so that NFTs can respond to the assets.

03Contents

In short, NFT is a hot new topic and has become a staple of more and more people. Words like "The performance of the NFT auction product is too weak" and "NFT is a complete bubble" are endless, but the emergence of new products has sparked controversy.

I'm not denying the existence of bubbles, but I think the reality of NFT will gradually expand as each bubble is expelled.