2021 "Shanghai Blockchain Week" Participation Thoughts (1)
On April 10th, I was honored to participate in the "Together. Innovation Conference" held by Jinse Finance and Economics at Shanghai Blockchain Week.
The host venue of the conference is the old building "1933 Old Workshop" in Shanghai. This is a quaint old building. It does not occupy a large area, and its appearance is not as grand as modern buildings, but it has a petty bourgeoisie atmosphere in Shanghai. The feeling of holding a blockchain conference in such a venue is completely different from that of Beijing and Shenzhen. It does not have the grandeur of Beijing and the passion of Shenzhen, but it has a trace of peace and rationality in Shanghai. Although there are many exhibition halls in the venue The booth of the project party, but it is rare to see the publicity of the project party.
This is very different from the enthusiasm and enthusiasm of the project party when promoting the project at the climax of the bull market in 2017 in memory. Perhaps this also shows from the side that the climax of the bull market is far from coming?
Actually this is not the first time I have attended such a meeting.
As early as 2019, I participated in the Ethereum Developers Conference held in Beijing. I remember that an important and hot topic at that meeting was DeFi besides the development progress of Ethereum 2.0. Key members of well-known DeFi projects such as Kyber and MakerDAO gave speeches at that time.
It is a pity that at that time, I just regarded these topics as purely technical discussions, and did not think carefully: whether this indicates that the next climax in the blockchain field is coming, and whether this indicates the arrival of new investment opportunities. So I didn’t wake up until June 2020, when Compound’s currency issuance triggered a full-scale outbreak of DeFi, and I suddenly discovered that this sign had appeared a year ago.
This cannot but be said to be a major mistake in my participation in the conference in 2019. Therefore, when I attend this conference this time, I will pay special attention to the topics and key points discussed at the conference.
I only attended the meeting on the 10th day. The speeches at the conference that day were very full. Many of the speakers were well-known project parties, and even the founder of TRON also gave a remote speech.
One of the hot spots of this speech is NFT.
Regarding NFT, there are four points that impressed me the most in the sharing of the speakers. Today I will share the first two points with you.
1. The extent of NFT out of the circle is far greater than any other subdivision in the blockchain field.
Since the birth and development of digital currency from Bitcoin to the present, we always seem to have the impression that most of the people who play in this circle are from the currency circle. People in the so-called currency circle will definitely talk about such topics as Bitcoin, Ethereum, mining, and buying coins.However, it seems that most of the people who are active in the NFT circle are not from these currency circles, but artists, collectors, stars, fans and so on.
The most typical example is the participants of NBA Top Shot, many of whom are not from the currency circle, but fans of NBA stars. Recently, the famous lady Paris Hilton has also become interested in NFT and is planning to issue her own NFT. Basketball superstar Jordan also entered NFT and participated in the investment of NFT projects.
These people have nothing to do with the currency circle. Their entry not only represents the entry of new forces, but more importantly, they will drive their fans into this circle, and their fans involve a much wider social level.
From the perspective of the audience, I think the field where the larger the potential audience is, the more likely miracles will break out in the future.
Second, NFT is very likely to herald a broader future and a grander vision.
A guest compared the NFT trading platform with Taobao and JD.com.
Today, when Chinese people buy any physical goods, Taobao and JD.com are the first things Chinese people think of, and Amazon is what Americans think of. Why? Because these platforms cover almost all physical goods. In the future, our world must be more and more virtualized, so our future needs will also be more and more virtual items.
Most of these virtual items can be represented by NFT, and in the future there will inevitably be cross-global virtual NFT item trading platforms like Taobao and JD.com.
Thinking along this line of thought, I even think that the volume of this platform may be larger than the sum of Taobao + JD + Amazon today.
why? Because Taobao+JD only accepts RMB, Amazon only accepts US dollars, and e-commerce platforms in other countries only accept their own currencies. On this platform, we can uniformly pay with Ethereum. The unification of means of payment will unlock immense potential.
Although this scenario may seem out of reach now, we must not underestimate the speed at which miracles can happen.
So what are the platforms for trading NFT now? Opensea, rare, superare... and many more. Will Taobao + Jingdong + Amazon appear in these platforms in the future?
This imagination space is really too big, tomorrow I will share with you two other points of view.
