1. The subjectivity of value
Before officially starting, we need to figure out the value itself. The connotation of value itself contains at least two overlapping meanings: usefulness and preciousness. For example, Zhang San believes that the value of a person is the value of the car and house he owns. This sentence contains two meanings of value. Here it is clear that the value meaning discussed in this article is biased towards the latter, namely:Value = how valuable the commodity is in the trading market.The debate on value in economics has a long history, and it is difficult to talk about the definition of value positively. We try to start fromvalue is nothingfirst,first,value not costSecondly,Secondly,Value is not an objective quantity, different people have different valuations for the same commodity. The so-called "one's honey, my arsenic" refers to this truth. People in the desert have a different view of water than people by the lake. Marginal utility theory actually supports the idea of subjective value.at last,Value is not synonymous with scarcity. Goods of value must be scarce. The opposite is not true. There is only one copy of your primary school homework in the world, but unfortunately it is of little value.By the way, let me talk about a small corollary of the subjective value theory. Suppose someone buys a bottle of Coke for ￥2.5. This is not to say that buyers and sellers think that the value of ￥2.5 = a bottle of Coke. It is the seller who believes that the value of ￥2.5 is higher than a bottle of Coke, while the buyer believes the opposite, which facilitates the transaction, and the result of the transaction increases the income of both people. thereforeThere has never been an equivalent exchange in the world.secondary titleHowever, the subjectivity of value seems to be inconsistent with our common sense. We all know how much a catty of pork is under normal circumstances, and how much a bottle of purified water is. No matter how thirsty you are, the commissary will usually not increase the price to sell it to you. Here comes another concept, namelyvalue consensus。Everyone has formed a consensus on the value evaluation of each commodity. After this consensus is reached, people not only recognize the value of the commodity to themselves, but also recognize its value to other people. Therefore, the market price reflects the value consensus of the group, not the value perception of an individual.From this, we can conclude that the value of NFT can come from three aspects:Objective practicality: such as representing tickets, copyrights, digital albums, game props and other rights and interests, its value is the value of the actual commodity represented behind it
Emotion and narrative: such as digital art, autographs of best-selling authors, commemoration of star debut, commemoration of university graduation, etc.
Most of the current NFT platforms tend to focus on two small areas, one is digital artwork, such as visual art; the other is intrinsic utility, mainly including copyright and game props. But actually,The real greatest source of need and value should be the broader emotional and narrative realm. This is also the broadest and most solid consensus in human society.
The emergence of the Internet has enabled people all over the world who have similar thoughts and the same emotional cognition to quickly build a community online. This kind of community is not necessarily a fixed forum. Any social media comment area or even likes can connect a group of people. They have a common cognition, the same value orientation, and recognize the same value in a specific vertical field.The emergence of the Internet has enabled people all over the world who have similar thoughts and the same emotional cognition to quickly build a community online. This kind of community is not necessarily a fixed forum. Any social media comment area or even likes can connect a group of people. They have a common cognition, the same value orientation, and recognize the same value in a specific vertical field.Speaking of this, we can finally criticize some of the popular misconceptions one by one. In fact, more than half of the misunderstanding of NFT comes from the misunderstanding of the blockchain or value network. In the following parts, it is basically no problem to replace NFT with Bitcoin.Mistake: Anyone in NFT can copy the original image and send it again, so it has no value
Answer: The important thing is not the picture, but the story. What forms the consensus is the story, the emotion. There is no difference in the quality of the Kaiguang Yushou sold at the entrance of the temple and the factory order sold on Taobao, but people will only consume the former. What everyone pays for is what is behind it. Everyone can issue a transit card, but only those issued by Yang Chaoyue himself are valuable.Error: NFT images must be placed on IPFS, and centralized hosting is not acceptable.Answer: Same as above, the picture is not important. The star project CryptoPunks chain does not even have a link to the graph, only hash. It is of course better to put relevant resources in decentralized storage, but there is no problem if they are not kept.Error: NFT must contain copyright notice
Answer: Pirated NFTs have no value. Conversely, as long as the community recognizes it, even if it is not an NFT issued by the original copyright owner, there may be a consensus of value.Mistake: The NFT bubble is huge, all scalpers are frying
Answer: The first half of this sentence is correct. There is obviously a bubble in the NFT market, and the price of NFT is highly operable. But NFT itself is based on value, and it is not something that scalpers can quarrel with. Scalpers have done a better price discovery mechanism, but it is the collectors who recognize the value of the community that ultimately determine the price.Mistake: The best platform for NFT is the alliance chain
secondary titleThe future of NFT lies in valueizing the consensus of hundreds of millions of communities around the world, and it is advancing at an irresistible pace.Art, games, copyright, etc. are just a small picture of this big future. Soon, influential people, IP parties, and organizations will start minting and distributing their own NFTs. They are either a signature, or an emoticon, or a medal, or an amulet, it will emerge in any form. But it must be something highly recognized by the community and valuable. People outside the community may not understand it at all, or even sneer, just like we look at the $69 million Beeple NFT painting now.
IOS
Android