Who pays for Star NFT?

At the beginning of 2022, Joo Jae-beom did not release an album, but he captured the interest of the public on the metaverse.

PHANTACi, the most famous created by Chou Jay and his friends, started working on NFT Phanta Bear for a cost of 0.26 ETH (Ethereum). . Later, Joojae also transformed into Fanta Bear's avatar.

As a legitimate website, the Phanta Bear project is a joint venture between PHANTACi and Ezek, a digital entertainment platform developed by blockchain technology. Phanta Bears are 10,000 randomly generated digital collections, doubling the Ezek Club membership card. Each Phanta Bear is unique and can unlock multiple levels and participation rewards, and holders can use their NFT card to participate in future shows.

1. Everything can be NFT.

From dress-up games and movies to graphics and even selfies, when combined with NFT encryption technology, the creation of valuable stories can be written in the digital age.

Why are NFTs necessary if you can't catch or touch them?

The name of the NFT is Non-Fungible Token, a non-fungible token called metaverse infrastructure. Unlike Bitcoin and other peer-to-peer tokens commonly found in the market, NFTs are proof of trust and ownership of digital assets.

It is like bundling each token into a single item such as video, video, membership, etc., based on blockchain and virtual currency technology by encrypted certificate. An open, transparent and marked "certificate of signature".

NFT technology can streamline all information exchange and membership ownership, and the membership and distribution process has been permanently established on the blockchain, providing high transparency and no lies, greatly improving convenience and security. operations. Also, since NFTs do not have servers in the middle, they are advertised forever, regardless of the availability of the platform provided to them.

OpenSea, the world's leading NFT trading platform, now has 80 million digital signage and its product portfolio is expected to reach over $10 billion by 2021. The integration of technology New releases and new ideas give NFTs the ability to create value and go on to create new stories of wealth.

On March 11, 2021, artist Beeple's NFT "Every Day: The First 5,000 Days" peaked at a high price of $60 million, or approximately 450 million yuan, at Christie's. Beeple has become the third highest paid live performer, and the contest opens a new chapter in the virtual world and NFT art.

In October 2021, Wong Kar-Wai made an unreleased 1 minute 31 second film about the movie 'Love Thoughts' under the title 'Love Mood - Moment' according to NFT. in the virtual world.

The special characteristics of NFTs solve the problem of anti-glare problems in graphic and printing products, and art supplies have become a popular destination for NFT applications.

2, the stars become a digital digital wind

Celebrities have always been at the forefront of trends, and as the NFT design has become popular around the world, more and more celebrities have started buying or posting their own NFT designs.

In September 2021, football star Curry paid $180,000 for the Blue Bored Ape. The Shade Ape Yacht Club is a newcomer to the NFT industry, with more than 10,000 red images, each with its own outfit, instructions and patterns, and very popular. Stars like Eminem, Lin Junjie, Shawn Yue, Chen Bolin and others also entered the dungeon and put on an annoying red head.

Shawn Yue has written 79 NFT artworks to date. Auction house Christie's held an online auction for Shawn Yue last September. The challenge includes physical art integration with CryptoPunks, the creator of NFT avatars.

Xu Jinglei is also a fan of NFT Avatar. He has collected over 700 NFTs including popular Boring Ape series as well as Bear NFT series with unique features. Luhan also spent $4,450 to replace his Instagram avatar with Kaiju Kingz, a 3,333 pixel art NFT project.

It's no surprise that celebrities have entered the NFT market, and more and more artists are showcasing their unique beauty by buying NFT, replacing them with broadcast avatars, and sharing their NFT operations. . At the same time, some artists have used new forms of NFT to explore potential markets, explore the potential of digital graphic capture, or seek new investment vehicles to conserve financial resources.

Prior to Phanta Bear, Fang Wenshan worked with Soka Art to create the co-branded "Punk Cat Sting" doll (blue and white porcelain) in a limited edition co-branded Fang Wenshan x Jay Chou with NFT protection.

In May 2021, singer A Duo announced China's first digital NFT music video "Water Knowledge" using NFT encryption technology, auctioned covers and song signatures, and the exchange rate was over 300,000 yuan. I did.

NFT Project The Heart Project on January 9 It has been announced that Project Heart and the Edison Chen collaboration will be released on February 1, and Heart Project NFT holders will be able to join the values. Edison Chen also said at the community event that the NFT collaboration project with Jay Chou will begin at the end of the year.

Continuing in the entertainment industry, NFT makes NFT a hot topic in the technology industry, from urban areas to roads and streets, and it is ever brighter in modern transportation.

3. Ntxuam's economy catches Metaverse Express

The average price of Joo Jae-beom's carry-on Fanta Bear is 7.87 ETH, the highest price in 10 days of publication, up to 30 times the print price. 2.5 ETH, which is 9.6 times the price issue.

Jwell Music announced on Weibo that Joo Jae-beom himself was not involved in the planning and operation of the NFT fundraiser, but many people bought the song because of Joo Jae-beom love and Joo Jae- will rehearse. NFT.

Publisher Ezek's official website also states that when you buy Phanta Bear, you can get something similar to JAY. All Phanta Bear apparel and accessories are made by Jay Chou and RIC's PHANTACi fashion label.

On the day of Fanta Bear's release, the website was in bad shape due to the influx of users, and the real fans expressed their thoughts on the 3 (anniversary, start date and international SJ day). I support Jaebum Joo.

NFTs have become a symbol of personal relationships and wealth, and NFT avatars are your online chat. Artists' use of NFT not only promotes public interest in the avatar, but also makes the wearer feel personal and enjoy using the same symbol as the famous people.

NFTs are also an important way for artists to realize their passion and impact, and for fans, purchasing a star-back NFT ensures that they are important fans and also receive special support. . For some, the Star NFT is a continuation of the fan industry.

Everyone talks about NFT, but not everyone understands NFT.

When the concept of the metaverse is combined with the star effect, NFT has become a level of interest for everyone, constantly opening the human imagination and pushing the boundaries of knowledge. From the digital design of NBA Top Shot Star Cards to the fan-favorite NFT images of Singaporean online star Ireneshao jumping on the market, NFTs have been expanding all over the world, also becoming witness to their fun connections to capital social. link.

4. Stress is under the Star NFT Halo

NFT, blockchain technology, metaverse... People's hopes for the future are pouring into the virtual world represented by this new language, and thousands of people are following them and showing their skills in the uncertainty of violence. In fact, however, this new field is more of a mix of technology, thinking and bubble, and faces industry risks such as an opaque project exit and start-ups are weak.

Currently, the legal status of NFTs in China, how they have changed, who is responsible, and how they are administered is unclear. According to the laws of the existing country, open NFT trading of official stock exchanges must be approved by the state government or approved by the State Council or the governing body of the State Council funding.

Internet giants like Tencent, Ali, and JD.com have started using NFTs, but platforms like Ali's Whale Scout and Tencent's Magic Core use the term "digital collection" without directly referring to NFTs. Currently, the main role of digital home devices is to write, search and socialize rather than doing business and thinking.

In a poor regulatory environment and in the construction environment, the NFT industry is often limited to large digital printing industries, while other industries emerge in secondary markets such as Xianyu or social media.

In contrast, when it comes to digital art collections, NFTs only set the rights and have no legal impact, and the more participants there are, the more interesting the legal issues. Public interest in NFT investments has not diminished, and on many NFT trading platforms such as OpenSea, many art thieves steal NFT artworks from others and sell them to very low price.

Although many artificial NFT products work only by capturing images and are not transferable to the platform, because these activities take place outside the blockchain, the platform, artists and buyers cannot guarantee and the process is very difficult .

Rising NFT costs due to attractive results are also raising concerns about the digital trading bubble. Are avatars really worth thousands, as many have pointed out when actors make the NFT avatar craze? As the aesthetic value of NFT has always been questioned, even stars should be aware of the dangers of public opinion when entering NFT, as Joo Jae-beom is always criticized by netizens for "cutting the leeks of his fans" after getting up. in Fanta Bear. responnse.

Whether the star entry into the NFT is a retail-oriented investment, or the hype of "five drums and the interest of the hand" does not make a profit on the NFT run. However, it is not easy to guarantee that the NFTs that people buy will still be popular even after celebrity interest dies down. While the current NFT industry is in chaos, such as reckless price increases and arbitrage, many national NFT research is still in a concept and has not yet developed a clear investment rate.

2021 is called the "first year of the NFT", and the NFT is even called the "Collins Dictionary" word of the year for 2021, and its frequency has increased by 11,000% compared to the previous year. Christians praised it and protesters saw it as hell.

For ordinary people, it would be a better option to find their own information correctly and feel more like a blind trail of stars in front of NFTs that explode here and there and fall into the trap of thinking.