One man's trash is another man's treasure.

"One man's trash is another man's treasure."This is a common saying. Are there any examples of this in reality? Deng Yaping, the "big devil" of table tennis, once teased former Chinese male basketball player Wang Shipeng at a Tucao conference, saying: "Sun Yang's house and I are full of photos with gold medals and trophies, while Wang Shipeng's house is hung with a A 6-second animation.” Now, for some collectors in the field of cryptocurrency, they hope that their homes will be filled with such animations—NBA Top Shot. NBA Top Shot is produced by Dapper Labs, a well-known chain game development team. By purchasing player card packs, users can get NFTs of NBA players' highlight moments.

NBA Top Shot will open the purchase channel of card packs from time to time, and the number of participants will reach hundreds of thousands each time, while the number of card packs is only tens of thousands, which makes the market resale value of each NFT will be higher than the purchase price. Higher prices, especially the wonderful shots of some famous stars, such as the motion picture of James dunking in the game against the Kings, sold for 208,000 US dollars, and the price of these NFTs was only a few hundred dollars when the card pack was opened and purchased. .

The popularity of NBA Top Shot has made project parties, capital parties and investors in the cryptocurrency market smell the huge commercial potential contained in the NFT field. So, back to the sentence at the beginning of the article, "One person's trash is another person's treasure". For someone who doesn't understand the cryptocurrency field, it's unbelievable that something that looks indistinguishable from Gif can sell for $208,000; and the recent work of digital artist Beeple《EVERYDAYS — The First 5000 Days》image description

EVERYDAYS — The First 5000 Days

When people spend a lot of money to buy an NFT work of art, what do they get in exchange? Unlike traditional works of art in the real world, collectors may lend them to museums for public appreciation after they buy them, but they are more likely to preserve them as treasures, and most people may no longer be able to appreciate the work with their own eyes ; but for NFT artworks, even if Metakovan spent tens of millions of dollars to buy Beeple's works, the public can still enjoy them without spending a penny. So, what exactly are people buying when they buy NFTs? By purchasing an NFT work, the buyer owns the item, but there is no way to prevent others from enjoying it, just like the Metakovan example mentioned earlier. However, the happiness that buyers get from "owning" this work is the experience of ownership itself; the process of buyers buying NFT at an incredible price is the price discovery process for this pure ownership value, analogous to the reality In the limited edition trendy play collection market that has emerged in recent years, "owning" has gradually become a major manifestation of value. It’s worth noting that while digital artwork can be copied infinitely, a copy will never have the same value as the original, even if the code is identical. The well-known author William Poundstone said about NFT: "NFT actually says-"I own NFT! "Not the right to lie".

It is indeed unexpected that NFT leads the blockchain out of the circle, but it is reasonable. Ten years have passed since the concept of the blockchain was proposed. During this period, various technological innovations and innovative applications have emerged one after another. However, the blockchain things that most outsiders can first associate with still remain in Bitcoin. What is blockchain? It feels invisible to newcomers, not even like the Internet, most people don’t have access to it at all, let alone understand it. The emergence of NFT presents blockchain-related concepts in a form that the public can see and accept, such as NBA Top Shot and various NFT artworks. The public doesn't even need to understand blockchain-related technologies and knowledge, and they have already let blockchain, which seems to be non-existent, enter their lives. Perhaps for a period of time, from a global perspective, NFT will still only be a hot topic discussed by a small group of NFT enthusiasts in a small group of cryptocurrency circles, but just like Satoshi Nakamoto created Bitcoin not for profit It is to prove that the upsurge of NFT is set off by a group of artists and enthusiasts with enthusiasm and feelings from the heart. They hope to prove that the art of the next generation can be expressed through blockchain technology.

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