Foresight Ventures: Redefine NFT
status quo:
status quo:
NFT is proof of ownership, a receipt for your purchase of the work, not the work itself. Everything is a link, and NFT is one of them.
future
future
The form of NFT will be more diverse, not only pictures, but also music, video, and various HTML tags (SVG, iframe, Canvas).
New NFT application scenarios will appear in finance, privacy, and social networking. At the same time, the permanent storage of NFT metadata is essential. Arweave will be able to do this well in the future.
Imagine a little bit:
NFT will redefine art, music, and social interaction, and perfectly combine and innovate technology and humanities. The creator is the creator of the new world.
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A) The original definition of NFT
NFT (Non-Fungible Token) refers to non-homogeneous tokens.
a) Non-homogeneity: unique characteristics
The popular saying of non-homogeneity is that each NFT is different and cannot be directly interchanged. For example, Van Gogh's paintings have different themes and scarcity, so they cannot be exchanged directly. On the contrary, two currencies (excluding commemorative banknotes, etc.) are directly interchangeable regardless of the degree of wear and where they are handled.
Non-homogeneity means that each NFT has a unique identifier, ensuring the uniqueness and scarcity of NFT,But the rarity and uniqueness of the work itself is not guaranteed。
b) Tokens: Traceable, tradable, and circulated on the chain
As a token, NFT is a purchase receipt for a work, a proof of ownership, and does not directly represent the work itself. At the same time, as a digital token, NFT is convenient for circulation, publicly viewable, traceable, and verifiable scarcity. The advantages of the Web era are all reflected in NFT. Of course, some people will say that the shortcomings of the Web are also brought to NFT, such as rampant piracy and no entity. This is also a question we will discuss later.
Are NFTs a work of art?
The popularity of NFT in the Crypto field does not seem to show any signs of abating. The floor price of top NFT projects has risen, and more and more celebrities and big companies have begun to buy them. Even some nonsensical projects (such as the selfie series of Indonesian brothers) are It was hyped to sky-high prices. Chinese companies are also scrambling to release their own special NFTs, but these cannot be traded (although many say that they may be able to in the future with trepidation) and centralized storage (with access review)"Alliance" chainStorage)'s "digital art" works perfectly omit the two properties of public chain NFT, but it does not prevent buyers from FOMO and flocking to them.
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B) Redefine NFT
firstNFT is not the work itself in essence, but the receipt after you purchased the work, which represents that you own a certain work. The value of NFT lies in commercial value, historical value, imitation value, and showing off value.
It is not easy for the public to accept the simple and crude view that the NFT industry is attributed to the digital art industry. Most people (including me) don't know what art should be, and maybe only some people can resonate and even sublimate their souls in front of some NFT artworks.
A more acceptable and more appropriate definition of NFT may be:Some NFTs are digital art, similar to movies or games, but not traditional artworks that are framed in art galleries under the lights of art galleries.Of course, there are indeed many NFTs related to high art, but most of art is still a branch that is widely understood by the public, such as movies and games. Looking at NFT with the logic of movies and games, we can easily understand the investment logic of NFT.
The similarity between NFT and movies and games
In essence, what is bought is not the work itself, but an Access Code (such as a movie ticket) or a receipt of ownership.
The cultivation and self-development of the community and official publicity are more important than the quality of the work itself.
The project was just launched for a while, and then cooled down. It will be popular again when there is a sequel.
The participating painters or actors or production team are very important and are the core of the project.
Unlike works of art that have the vitality of thousands of years and classic works, the aesthetics of the community change very quickly, and it is difficult to continue to be popular.
The investment logic of NFT
The price of NFT is highly correlated with its community activity.
Most of the projects are a wave of flow, and the roadmap needs to be implemented to strengthen the market consensus on its price.
The overall market reflects a trend from Western aesthetic dominance to multicultural and multi-community development.
Innovative projects have shown market performance that far exceeds that of fork projects.
Similar to commercial films and literary films, the understanding cost of avatar NFT is lower, reflecting better price hype.
Explain NFT in terms of "movie/game"
1. Ownership
Every time NFT is discussed, many people will say, "If I right-click to save this thing, it will be mine! Why pay for it!".In the Internet age, the cost of copying something is lower than in the industrial age, almost zero.As stated in the picture, the NFT is indeed yours, but even if everyone knows it is yours, everyone can still do anything to your NFT.
From the perspective of works of art, collectors also need to prove the ownership of works of art, and others can also steal them, such as saving photos of the Mona Lisa, but we can clearly know from public information who the owners of these works are who.
The value of a work of art mainly comes from its aesthetic value, including the background, rarity, popularity, and copyright value of the work (and of course public interest, etc.).The value of NFT mainly comes from the identity and status value brought by ownership (showing off value), as well as utility value (basically from the potential of composability).Therefore, the plundering of pure aesthetic value has little impact on the value of NFT, and most NFTs do not have the aesthetic value recognized by the public at all.
From the point of view of movies and games, we can find pirated sources of all movies and cracked versions of all games on the Internet, but when we play movies or games with mini mobile phone screens and monophonic speakers, We lost the big screen and stereo sound experience of the movie theater, and the experience of playing legitimate games. The experience of pirated version and genuine version is completely different, and the same is true for NFT.
Can be stolen, but useless. Everyone knows it's fake.
besides,The greatest ideal of any creator is to let the work spread.Our piracy operation actually played a positive role in a certain sense, which is conducive to the spread of the project. Every time I see someone heavily citing research written by Foresight Research without citing the source, I get very angry and ecstatic. Just like a lot of directors will go to the pirated disc stalls to see if there is a pirated version of their own, because being pirated is also an affirmation of the creator. Of course, this has little to do with the concept of ownership, but it can clarify the meaning of NFT being pirated.Buying a work to hide yourself or stash it in a warehouse in the Freeport of Switzerland is the most despicable form of collecting.
2. Culture
Different organizations have been derived from the NFT ecosystem, just like the organizations in the game. Various NFT clubs are like movie or game fan groups, holding various online and offline activities, forming communities and performing secondary creations.
For example, Monkey's community is very good, Punk's community is very good, and you can become a big V on Twitter with your profile picture. The example I can think of in the movie is that Jackie Chan's fan community created Rotten Tomatoes.
3. Classification
The classification of NFT and movies and games is also very similar. We can explore the development path of NFT according to the classification and expansion of movies and games.
Movies include comedies, such as the Indonesian brother series; movies have popcorn types, which are similar to various avatar projects, which are simple and crude, with a large number but difficult to produce classics; games include sports and e-sports, which are similar to NFTs of various GameFi projects , more dependent on the quality of the subject matter itself; movies and games have special classifications for men or women, just like some high-quality projects such as witches that have been more recently; movies and games have series works, just like various additional NFT projects ( Loot), easy to unfinished, more and more bad, the first batch has the highest value; movies and games have adult-oriented types, and there are many such types of NFTs (even have a dedicated Marketplace like adult websites); movies and sci-fi category, it can be compared with the NFT project of the metaverse concept, purely by imagination.
In the following, we will discuss how to distribute movies and games directly as NFTs in the future and store them purely on the chain.
4. Review
Like movies and games, the creation of NFT must be uncensored, otherwise the barren soil can only cultivate deformed fruits.Some countries have an unusual review mechanism for movies and games, which has led to the lack of their movie and game industries and culture, and many movies and games have also been reduced to funds. Of course, I really like some very interesting secondary creations, such as the following creations, which draw a successful family carnival-like end to the film, which is very festive and hard not to support.
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A) NFTs on Arweave
The most important thing in the nature of NFT is actually: when you buy NFT, you don't get the artwork (you can look back at the example where NFT is a Wife), what you get is a token, and the content of the token is " I bought this work from a certain author" This is a receipt.
What we bought was actually just a link to the work and a receipt. The value of the NFT work itself may not change, but the act of "owning it" will increase in value due to the development of the community and the expansion of its usefulness. And the act of "owning it" is digital, public (in most cases), verifiable.
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Permanent storage of NFT data
Arweave is a permanent storage network, and it should be the only permanent storage decentralized network on the market. Arweave only needs to pay once, and can store files for at least 200 years, truly permanently storing pictures, videos, music and other data.
Our NFT acts as a link, usually on a network such as Ethereum, that is permanent and immutable. The file pointed to by the link can be permanently stored with the help of Arweave's permanent storage.The default NFT storage option of Metaplex on Solana is Arweave, which itself is the optimal solution for the NFT storage solution.
In Arweave, users or NFT projects can easily and quickly create a dedicated network disk publicly or privately; there is also Verto. The exchange can be used as an NFT market, Koii is responsible for the casting of NFT, and Bundlr (their new official website is very nice) is responsible for the cross-chain upload of NFT files. Other solutions are likely to emerge later, such as using fully AR-native NFT project templates to create applications, using SmartWeave's customized NFT contracts, etc.
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Issues with NFT intellectual property rights and usage rights
Art plagiarism in NFTs has been a fairly hot topic, with one group strongly supporting IP regulations and another group strongly protesting IP regulations. Both groups see themselves as the future of Web3.
The first is to enforce the concept of intellectual property rights through the blockchain, that works and their creators are inseparable, so Web3 must protect and enforce more comprehensive intellectual property rules. Another group of people said that given the provable source on the chain, we do not need to follow traditional intellectual property regulations, but rather encourage open creativity. They tend to think that "old" intellectual property rights are a way to defend privileges, while the public nature of the Internet and blockchain, as well as the secondary creation of the community are the cornerstones of NFT. On this basis, many mirror imitation disks have been born, such as CryptoPhunks and mphers, etc., of course, they basically make money under the banner of Copy Left.
Technically, the management of intellectual property rights and usage rights is also closely related to the permanent storage of NFT data. If the metadata and authorization statement are not included in the entire NFT. Then these data are completely variable. As long as someone sues you for infringement, you can directly replace the data to avoid infringement of intellectual property rights and usage rights. This can also be solved with Arweave.
For these two opposing voices, we don't have to fight over who wins and who loses, but to satisfy both groups of people. Who wants stricter usage rights management, then register a strict usage rights management; who wants to open up their IP and fully embrace the creation of the community, then hang an open agreement such as CC0, so that NFT works become public property.
There is already a registry such as the Royalty Registry to record one-to-one correspondence between intellectual property rights and usage rights for NFT.At the same time, Arweave's Atomic NFT standard can fully do this, packaging everything in NFT, including the usage protocol, and storing it permanently.Instead of suppressing a certain point of view, we should embrace all points of view. Technological progress is driven not by people who change themselves to fit the world, but by stubborn people who insist on making the world fit for them.
Embracing all viewpoints is also the spirit of Arweave. Recently the founder of Arweave, Sam, posted a mission: to permanently store all news about the situation in Russia and Ukraine on Arweave. Sam asked to store all opinions, not what the user thinks is right. Whether the views are correct or not will naturally be determined by historians. What we should do is to preserve all the content and not exclude any views.
The full text of the above subsections comes from arweave. Pierre for news. If you want to know more about Arweave and opinions, arweave. news has a lot of in-depth content and perspectives for learning.
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B) NFTs in different formats
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Music NFT (.mp3)
Music NFT is already a very mature NFT track. Music NFT brings permanent royalties and permanent control over the work to music creators, and NFT is permanently linked with creators; fans can "invest" in the artist's career by investing in the artist's NFT. The overall income is redistributed by the emergence of NFT, the middleman exploits less income, and creators and fans can directly reap more income.
Pianity
The most outstanding music NFT platform is Pianity, which promotes the prosperity of the platform through a creative revenue distribution mechanism.
Pianity is a music NFT platform, which proposes a model that can bring collectors a certain annualized income. The Pianity platform obtains a certain fee income through the primary sales and secondary transactions of music NFT, and then distributes the income to each user holding NFT according to the ratio of the value when the user purchases the NFT to the total value of all NFTs. Since the proportion calculation method is the price at the time of purchasing NFT, it may cause users to deliberately increase the NFT price in order to obtain a higher allocation proportion, and the distributable income of the reverse stimulus market will also gradually increase, attracting traffic attention. In addition, its token PIA also belongs to Arweave's profit distribution token type, so users will also obtain the realization of Pianity traffic in addition to the NFT income that can be obtained.
The core of music NFT is the redistribution of profits reasonably. A design like Pianity allows collectors, creators, and platforms to enjoy reasonable benefits, so that the true value of music NFT can be reflected.
Async Art
Most platforms allow creators to NFT the entire music work, while Async Art can divide the work into sub-components (note that this is not fragmentation). These sub-components form two concepts. When the sub-components are combined, it is the whole music work. When the sub-components are separated, it is the different Layers (tracks) of the music work. Each subcomponent Layer is tokenized.
When music artists create music, they use DAW to have different tracks in the process of creation, including drums, bass, vocals, etc. By adjusting the layer of these audio tracks, you can adjust each parameter to achieve a new music work entity with a similar style but different details, just like the generative art of the avatar project.
The developer is the creator of Web3, and the creator is the creator of NFT.Async Art has an innovative NFT creator tool that allows the creation of artwork to be programmable, data-driven (such as time variables), permanent royalties, and easy to use. Not only music NFT, PFP and other works of art can be created using Async Art's creation tools, which not only brings the above-mentioned advantages to artists, but also greatly simplifies the creation process and reduces the Substantial development costs.
Async Art brings the possibility of disassembly and secondary creation to music NFT. In the music industry, there are all kinds of sampling and mixing to recreate. Just one canon has already produced two, two begets three, and three begets everything. Music is produced from the disassembly and creation of several notes, and the secondary creation of musical works will always be an important part of music. The emergence of Async Art well complements the gap in music NFT, and is closer to the creative process of original works than image NFT.
The Future of Music NFT: Fan Economy
At present, most music NFTs are still focused on the music works themselves, and there is still more room for music audiences to be explored, such as the circle culture of music, or the identity of artists or fans. There are various classifications of music and even subdivided types under each category. There are often those who listen to rock and look down on electronic music, those who like Rap can't stand lyrical slow songs,For people who listen to music, this is part of their personal identity and cognition, and this part can be reflected in the form of NFT.
Someone may be a die-hard fan of Nirvana Nirvana and have listened to every song countless times; someone may also like Justin Bieber and go to every concert, but these cannot be verified or displayed until the emergence of NFT.
NFT can be used as a proof of a fan's familiarity with the band and works, and even purchasing power, just like a badge, and it is traceable and immutable, and it will be a certification of a fan's identity. Fans can show their activity level through this certification, so as to gain more "fan rewards". An example is: when robbing tickets for a concert, fans can prove that they are die-hard fans by showing their fan NFT, so as to obtain a "white list of ticket purchases" and avoid being robbed by bots or scalpers.
At the same time, tickets, as NFTs, become verifiable and negotiable. It is a huge demand for music fans who buy scalped tickets at a high price and cannot enter the concert in the end. At the same time, the ticketing market, including concert tickets and movie tickets, is expected to grow in 2022. Reached 72.3 billion US dollars.
Music is a very social and imaginative universal language, which has created countless fans and community culture, and at the same timeMusic NFT also shortens the distance between fans and creators, Let creators in the Web3 era realize that the quality of works is more important than quantity.text
Video NFT (.mp4)
The smallest information density of media is text, then pictures, then music, and finally the richest and most intuitive one is video.
NFT-based videos allow creators to directly obtain the benefits they deserve, instead of being frantically squeezed by the platform. A video with millions of views can only rely on a part of the advertising fees donated by the platform to obtain income.
Glass.xyz
There are platforms like Glass.xyz in video NFTs. Glass.xyz currently mainly sells high-quality MV NFTs, which are very related to the music NFTs we mentioned earlier, and basically all music NFT-related concepts are also perfectly reflected here. At the same time, Glass.xyz has innovatively created a PRISM NFT protocol, which aims to solve the liquidity problem of NFT and the distribution problem of NFT.
On the Glass.xyz platform, the problem of creators' income has been solved very well. A video may only be viewed by a dozen or so, but creators can collect hundreds of dollars in revenue from loyal fans. Compared with centralized video platforms, this can motivate creators to create and the positive development of the entire industry.
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SVG, iframe NFT ()
For Web3, applications are basically web pages running on browsers. The skeleton of a web page is the individual HTML tags. In addition to music videos, we can also explore other HTML tags, such as SVG and iframe.
SVG is a vector graphics format. Compared with ordinary pictures, it is more like a picture drawn by describing strokes on a web page. SVG plus some inline CSS animations can achieve very cool animated NFTs, and at the same time compared to pure ones. gif format, it will not be blurred when zoomed in, and the image quality will be higher. SVG only needs a string of strings and can be directly stored in the contract code. For example, the LP NFT of Uniswap V3 is a base64 SVG stored entirely on the chain.
An iframe is a web page tag embedded in a web page, essentially a complete HTML page (such as a small map embedded on a restaurant website). Through the iframe tag, we can embed the entire page into the OpenSea preview box. Each NFT of this project is an independent web game, because it is an iframe itself, so you can try it directly in OpenSea. Different DApps can also embed other webpage NFTs into their own webpages in the form of iframes. The iframe gameplay also brings infinite possibilities and composability to NFT in the Web. Who can say no to an Alien Invasion while paddling?
In fact, there are other NFT projects that play with HTML tags, which we will continue to describe in later chapters.
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Matrix NFT
Matrix NFT mainly refers to the fact that the NFT work is a 2D or 1D list (which can be understood as similar to a QR code). This type of project basically uses a matrix as metadata, and cooperates with an independent "renderer" to create a specific image for the matrix. The most typical example is a map item. What NFT points to is a 2D list. The list represents rows and columns, and each element represents a different resource on the map. In addition, there is a relatively novel AI NFT.ASM that adds the concept of a brain to the character. Players can buy a brain NFT to add a "soul" to the character. The brain here also exists as a matrix NFT similar to the concept of genes, including the Genome matrix, and then cooperates with the model provided by ASM to explain the DNA of each brain.
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C) NFT of real "art"
In this section, we will reconnect NFT with art, return to the logic of digital art, and explore some NFTs with complete artistic concepts. Some of the works in NFT will create new art and revive some of the characteristics of art itself.
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concept art
Conceptual art comes from Duchamp, who believed that a work of art is fundamentally the artist's thought. Conceptual art breaks away from the material and replaces the physical with ideas. The work in the picture below is a concept art work, you can learn about its background story and the author's intention. You can buy the real objects in the works,There is no such thing as art, only artists and concepts。
Concept art consists of ideas, not the realization of ideas. When buying a work of concept art, all you get is a certificate recording ownership (Wow, this seems to be an NFT). OrEvery Concept Art is a Meme. Anyone can perform concept art, but only the owner can perform it "real". A concept art certificate is essentially an analog NFT that conveys nominal ownership of an abstract concept. Concept art has failed. For the traditional art world, everyone still wants to show off tangible artworks. The ownership of abstract concepts in conceptual art is too abstract, and it is sold as air (concept).
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Interactive Art NFT
Interactive art is an art form in which the author formulates rules to provide meta-works, and then encourages visitors to participate in changing the shape of the work. For interactive works of art on the Internet, it is the art in which the author writes the code, the visitor clicks, and the work changes. A well-understood example is Flash games, I think they are a kind of "interactive art".
Another concept that is very related to digital interactive art is Creative Coding, which is for coolness, not coding for usefulness, it is very artistic. Digital interactive art and Creative Coding can basically be regarded as the same thing. If you look for its incarnation in HTML it is the Canvas tag.
After talking about so many concepts, I don’t necessarily understand it. For example, the little thing below Rick and Morty is interactive art + Creative Coding. You can get a very entertaining experience by clicking and dragging the mouse.
Olta.art
A very interesting project in interactive art is Olta.art. All of the platforms are interactive NFTs, which you can directly click to operate. Words cannot describe such an interactive experience, it is very artistic.
This interactive experience is the selling point of Interactive Art + Creative Coding NFT. This is actually the same as watching a movie or listening to an opera. You pay to see the big screen and high-quality sound in the cinema, and what you buy is a 90-minute pleasant experience.text
Fourth Dimension NFT
Time is a very sexy concept. Everyone experiences time differently, but for us time is an ever-forward creator + destroyer.
Both Bitcoin and Ethereum are a constantly beating "clock". The blockchain is a stochastic Gaussian clock that advances relentlessly. And the clocks of Bitcoin and Ethereum can even be reversed sometimes, interestingly, for animals, the faster the beating, the shorter the lifespan.
Many NFT works of art will make some changes around the passage of time. Like Alien Clock or Moon in Moon. "Multidimensional beings are looking at this clock, thinking about the impermanence of existence and the infinity of the universe." Of course, the concept of "time" we understand is different in high-dimensional space.
There are also projects that do cycles about time, such as WeirDAO's gN(dReaM^16)Gm. Day after day, every day we experience the rising and setting of the sun, which also gives us some experience of time.
Or in fact, streaming payment can also be regarded as a time-related blockchain work.
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Customized NFT
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Ming Dynasty Sancai Tuhui and Contemporary Crypto Punks
For example, what Pixel Portraits does is a customized Crypto Punks-style NFT work. The user pays a certain fee, and invites the community to help create according to the requirements. Most of the works created so far are related to celebrities. This actually indicates the slow integration of NFT and reality. The original NFTs are pure virtual products, but when people really have the opportunity to decide what to create, people will still choose some characters they know in reality. and story image.
More and more customized works can actually be regarded as the renaissance of NFT.secondary title
D) Privacy NFT
In most cases, buying NFT is to "show off" on the public network of the blockchain, but like the music and video NFT we mentioned earlier, these works in these forms are relatively not so easy to show off. For example, almost no one watches the music, long texts and videos shared in Moments, and selfies will get more attention because they are more concise. At the same time, the primary purpose of collectors buying music and video NFTs is almost to support the creators because they are optimistic about the growth of the creators or works, so it doesn't matter whether they are public or not. This has slowly hatched the demand for privacy NFT.
Moreover, the chain version of OnlyFans is also a wonderful thing. Privacy NFT is even more important, after all, we don't want some of our private preferences to be linked to the public network.
A privacy NFT basically contains Unlockable Content, a hidden content that only the owner of the NFT can view. The following is an example of Unlockable Content (think about your favorite OnlyFans blogger), but it is not NFT.The difference between privacy NFT and traditional paid viewing is that the distance between creators and collectors is closer, and at the same time, both gain more.
At present, large public NFT markets such as OpenSea provide the Unlockable Content option for a single NFT, but only supports text in Markdown format, and files cannot be uploaded directly.
There is Secret Network in the Cosmos ecosystem, and there is an NFT market Stashh on Secret Network. Stashh tends to make the default global privacy NFT, and has additional privacy settings for NFT Collection (such as hiding Collection and hiding owner). There are more permission controls for the locking of a single NFT. NFT attributes exist in the form of Key and Value. You can set the fully public attributes of NFT (similar to ordinary OpenSea NFT attributes), and protected attributes (Key public, Value only NFT Visible to the owner), full privacy attribute (the entire attribute is only visible to the NFT owner). However, files cannot be uploaded directly, and private content can only be displayed in the form of links or plain text. Quentin's NFT was sold on Secret Network before.
A more elegant implementation method is Darkblock. Darkblock has opened up the link of private NFT creation, not only can upload text, but also upload Unlockable Content in almost all formats. On the Darkblock page, you can directly drag and drop files to upload, and the files will be stored in Arweave's permanent network. Here is an additional knowledge point, that is, the files stored in Arweave are not necessarily public, you can encrypt the files yourself, and the files uploaded through Ardrive also support private uploading in the app through AES256-GCM and cloud disk ID.
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Financial NFT
Art NFT has a market of about 50 billion US dollars, game NFT has a market of 10 billion, and digital trend NFT has a market of 1 trillion. The financial NFT market is much larger than these combined.
The LP ownership of Uniswap V3 is issued through NFT. Now there is also a dedicated financial NFT market: Solv. In terms of representing ownership, NFT can precisely optimize some problems.
Game NFT
Game NFT
The props and characters in the game are another huge way to play as NFT. I won't say much about those projects that everyone is familiar with. What is even more interesting is the view of traditional game companies on NFT.
By adding assets to NFT and Play-to-earn, game manufacturers give some of the revenue to users, but there are not a few chain game projects that rely on selling NFT to make money. Most game NFTs exist as an expensive entry ticket. For a significant number of players, playing to make money is a very ungaming thing.
Traditional gamers have a natural resistance to blockchain technology. After all, mining is indeed partially responsible for the sharp rise in hardware prices. As soon as the news that multiple traditional game manufacturers are preparing to issue NFT comes out, it will oftenOpposed by many players. Games such as CS:GO do not rely on NFT and have created a very good economic system. At the same time, these manufacturers do not need to use NFT to make a lot of money, and there is no need to offend some players to adopt new technologies.
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F) Cross-chain NFT
If you are united for a long time, you will be divided, and if you are divided for a long time, you will be united. Cross-chain is the ultimate goal of blockchain and Web3. There are already countless token cross-chain protocols, but NFT's cross-chain is often overlooked. Everyone is obsessed with the cross-chain of tokens, because it is necessary to spend this money to do things on different chains. But the cross-chain of NFT is usually (seemingly) solved under the multi-chain support and aggregation of the market or social agreement. But every time a new ecology emerges, there will be imitation disks of NFT avatars on the Ethereum chain, which can prove that the problem of NFT cross-chain has not been resolved.
Axie Infinity directly transplants NFTs to its own side chain; Cool Cats releases different series on different chains; Fast Food Nouns pledges NFTs on the Ethereum chain, and then "clones" them to other chains to clone them NFT cannot be transferred and can only be used in games; Immutable Apes X is a tool that allows NFTs on L1 and Immutable X to cross back and forth; Trove and Mural are doing L1 NFT hosting to achieve cross-chain; or UMA Such projects are doing cross-chain NFT composability. If an NFT on one chain has an Action, the NFT on the other chain can also change accordingly.
For cross-chain NFT, my opinion is still to distinguish by project or by NFT type to provide different cross-chain services. After all, it is difficult to implement a unified global NFT.first level title
3. Summary
NFT is a new paradigm of the art world and the Web. It is the intersection of technology and humanities, perfectly combining and innovating the two.
25 years ago, John Doerr predicted: "The Internet is the greatest legal wealth creation activity in the history of this Odaily". Today, Crypto takes over the baton of the internet as the greatest wealth creation movement. The status of NFT in it is beyond doubt, the greater the controversy, the greater the value. When Sister Mumu first learned about the concept of NFT, she also lamented that it was as surprising as the first time she saw the Internet.
When we look at NFT, what we see is not just a piece of JPEG, but Pepe's community creation and Meme culture, the community cohesion of the avatar project, the composability of Loot, the innovation of true art, creators and fans relationship, and some reflections on power. Almost all assets in the world exist in a non-homogeneous form, and NFT will redefine the world.NFT is far better than imagined.
