The future of NFTs will be more diverse and what we see now is just the end of the ice.

Are non-fungible tokens (NFTs) too difficult to maintain in further research? Do you think the world is absurd and absurd? In fact, NFTs are easier than you think. At least in this sentence I will tell you why I feel this way.

In this article we want to help you as clearly as possible.Good understanding of what NFT is, and help youGood understanding of the huge potential of NFTs..

What is a non-fungible token?

Non-fungible tokens are intermediaries in themselves. Represents proof of ownership of all assets.Thus, the certificate is not a document that proves that you own your car or your house, the certificate is stored on the blockchain, which brings better results.

High Transparency:Blockchain can be seen as a public statement that spans the entire industry from the beginning. You can find out when and at what price you buy it here. Very simple.

Replacements:Transfer ownership of assets from one region of the world to another with just a few clicks.

Security:Blockchain is the most secure online database. Due to their unique nature, they are very difficult to hack.

Maker Economy:Designers can make a profit as long as they have the content they create and someone sells their product. They can also easily reach their followers. In contrast, current social media platforms deduct most of the costs from developers by preventing them from reaching their followers while capturing all ad revenue (eg, limited by not sharing their followers' email addresses).

broken business

Second quarter revenue grew from less than $100 million to $5 billion in less than a year (Source: Messari.io).

Messari records include DecemberThe size of the NFT secondary industry has reached $15 billion.. Estimations Cryptoslate,The current market capitalization of NFTs is $37.65 billion..

These data are enough to show that the NFT market is growing rapidly. What's better is that these images include some of the practical use of NFTs.

NFT classification framework

9 Hom NFT

Art: Demonstration art by Refik Anadol and generative blockchain art by Chromie Squiggles. You can see a lot of related jobs, some of which allow the blockchain to determine the shape of your job (see Chromie Squiggles). Other companies use ingenuity to create great results, and Refik Anadol is a true master at it.

Quantum Memory by Refik Anadol

PFP (profile picture) and avatars:This group is represented by Cryptopunks, who represent human characters online. From simple pixelated 2D images to high quality 3D avatars (CloneX).

Some of this work has been experimented with smart tools. The popular CrypToadz project from famous NFT developer Gremlin uses the CC0 public domain. This frame is copyrighted and means anyone can use this image without an owner. For many people, posting NFTs on CC0 seems like a dumb idea. If anyone is free to use NFTWhy should collectors buy it? Well, CC0 is the best way to implement network effects (see Metcalfe Policy).. In fact, the more people who create and distribute copies of your project, the more popular and extended your network/community will be. As the network grows, its cost increases exponentially, ultimately affecting the cost of the project.

Other services such as Boring Ape Yacht Club, Hashmasks and CloneX via RTFKT also have negative earnings. NFT holders sometimes receive airdrops (in the form of NFTs or other tokens) that they can sell for cash. For example, Hashmask holders can receive and sell $NCT tokens or use them to rebrand Hashmask.

RTFKT's CloneX Project

Login:Access is usually authorized by the certificate of admission (POAP). Specifically, you will receive an NFT with a QR code entry on the site. You can save this NFT after the last event and it will tell you how to attend the event. The commercial organization / company / brand can offer a special offer to the consumer to prove that the consumer has participated in another event or a special purchase.

Music:Songs can also be saved in NFT format. There are many ways to do this. For example, an artist may have consumer commercial rights or may only use music for streaming purposes. NFT allows artists to benefit from a variety of options.

French artist Jacques takes the creative approach by cutting one of his songs into seconds. Every second is sold as NFT, raising enough money to pay for the entire song, allowing you to stand out from the crowd. In short, he was able to pay for the entire album by selling the rights to the song.

Redemption:This type of NFT represents the underlying assets (e.g. view or paint). NFTs can be burned (fired) to gain valuable bodily properties. Courtyard.io works in this area. In fact, the Courtyard service makes it easy for customers to purchase NFTs without having to ship or paint around the world. If a customer wants to have a real or painted clock, they can break down the NFT and deliver the real thing to their home.

Talk to Damien Hirst

Damian Hirst experimented with the idea of ​​change with his role as "Father". Writers are in trouble. You must choose to own the artwork or the NFT, but not both.

Personnel:Also called Distribution ID (DID) or Sovereign ID. These services (such as XSL Labs) allow users to keep their blockchain credentials and only show some of them when the service needs them. For example, if the platform requires a person by age and country of residence, the self-service has identified that X is at least 18 years old and resides in Germany. Self-service only reveals important information, such as age X or location.

Web2 database:You can convert the contents of your files to NFT. This allows users to easily transfer data from one service to another. This can ensure the need for many future needs in the database.

Toys:A very popular category that spans from game skins and weapons to the realm of metaverse platforming. Sandbox and Decentraland are two of the best metaverse games. Players can rent game tools to other players when not playing. For example, if the twelve hours of Call of Duty allows you to modify your weapon, someone will probably rent it to you to improve your stats.

This introduces the concept of "in-game credit" (P2E), in which players earn money by playing and contributing to the game.

The gaming world has not yet understood this.Players believe that NFTs will deduct more value from them and seek to return value to the community.

Physical assets:This is by far the biggest and most underrated application of NFT. Going forward, a significant portion of physical assets will be tokenized. Our cars, homes, chairs, and computers all have NFT-enabled functionality, and the space to consider what they carry is limitless.

The most popular P2E game is Axie Infinity.

The future looks bright and diverse

In the future, NFT technology will be used for assets such as houses, cars, stocks, etc. All of these assets are tokenized (i.e. member credentials are locked on the blockchain).

Now think about the number of connections that can be combined with a homogeneous token such as a fixed currency, bitcoin or ethereum. You can reward people for their performance or for supporting your community (like airdrops and lockdrops). Some major web3 sites, such as ENS and LookRare, offer rewards for early adopters of the service. In the future, artists will be able to reward newbie authors and NGOs will reward newbie donors.

Better than the example above.Smart governments will reward citizens for unpunished behavior in non-compliance (see China Social Credit System)..

The fragmented nature also gives people the ability to buy assets easily. For example, a community can assemble a building, a school, or even a golf course (like linkdao). Communities will fight the biggest cast to protect their interests, and thanks to the blockchain, they will be able to do so easily.

Singers compliment fans for their participation in various events, send special invitations to fans, send fan tokens (e.g. $Beyonce tokens) and even have special sports giveaways. Deadmau5 and Richie Hawtin's Pixelynx project is developing a metaverse music project that takes advantage of these features.

If there's one thing I want you to take away from this statement, it's that a mix of NFTs and homogeneous tokens (such as Bitcoin, Ethereum, USDC, etc.) would open up a lot of potential for all of us. The tip of the iceberg has appeared.

I know all of this may sound unbelievable (or at least unbelievable). Yes, Metaverse and NFT are trying to disrupt the way we live, play, and communicate. I don't think there is a way to stop this technology from being adopted into our lives. I think there is a way for people to use it better.It depends on how we define the results we want to promote.