introduction:
Tesla founder Musk once asked Vitalik Butrin (V God) on Twitter: "What are the good functions based on Ethereum?"
Vitalik Butlin responded to five tweets very seriously, the first of which was DeFi.
The popularity of DeFi in 2020 does not need to be said, and NFT will also show unlimited potential at the end of 2020. It is expected to take over the baton of DeFi and set off a new wave in 2021.
And "DeFi+NFT" is OpenLand's main project in the future. OpenLand combines the two with unprecedented imagination and technical strength. So what kind of sparks can the combined "DeFi+NFT" collide?
This article will interpret "DeFi+NFT" in detail to answer your questions.
DeFi : A new financial services industry
Before interpreting "DeFi+NFT", we must understand what DeFi and NFT are.
The so-called DeFi, or Decentralized Finance, is called decentralized finance or distributed finance.
DeFi is a brand new financial service industry, a brand new financial service network composed of many financial service robots. All DeFi agreements essentially provide a financial service, that is to say, financial service robots provide financial services. Analogous to the traditional world, a bank provides you with loan services, or a financial company helps You manage money, or a fund company helps you make investments, etc. These financial robots are actually the same as financial service companies in the traditional world. The difference is that these robots are automatically executed and operated automatically, and they are completely decentralized and composed of codes.
Therefore, as a normal user, we play DeFi, and we enter the DeFi world, which is equivalent to coming to a room with many robots. If we want to use a certain financial service, including lending, trading or derivatives, etc., we go to one of the robots to use its financial services, then the market formed by these robots is called DeFi.
NFT: a new digital token model
The full name of NFT is NonFungibleToken, which is translated into Chinese as non-homogeneous token, which means that every NFT is irreplaceable and unique. Just as there are no two identical leaves in the world, and there are no two exactly the same NFTs in the world. Unlike homogenized tokens such as Bitcoin, NFTs cannot be exchanged one-to-one, and transactions are very difficult because of Each conducts value assessment.
The simplest example is that NFTs that represent artworks cannot be exchanged. For example, the portrait of Mona Lisa displayed in the Louvre and the graffiti of children's hand-painted works cannot be exchanged, because the two are very different in value.
Technically, the realization of NFT is to embed a kind of identification information in the smart contract, so that each NFT has a unique ID. This unique attribute makes NFT naturally unsuitable for trading, but it can be an ideal choice for recording and storing the ownership of digital products including artworks, games, and collectibles.
DeFi + NFT + physical collection: an innovative concept that breaks dimensional barriers
With the vigorous development of the digital world, NFTs have also begun to tokenize real-world assets. These NFT assets can represent part of the ownership of real assets and are stored or traded in the blockchain network in the form of tokens. Once applied, it can bring much needed liquidity to the market where art, real estate, and rare collectibles lack liquidity, and at the same time it is also the re-energization of on-chain assets to off-chain value.
The digital asset platform on the OpenLand chain is committed to promoting the generalized mapping of real-world objects and NFTs in the blockchain world. We combine the physical objects, NFT and DeFi mining models, and create the original OpenLand based on NFT technology to give physical assets the financial attribute identity. So as to achieve value sublimation.
The ecosystem we build will be constructed from four aspects:
1） NFT 通 证
The non-homogeneous assets on the physical mapping chain can be mapped one-to-one with real objects. While increasing the liquidity of assets, improving security and lowering the trust threshold between flows are the core asset certificates of Land.Farm.
2) Huobi Smart Chain DeFi
Land.Finance will log into the Huobi Smart Chain ecosystem, increase the ecological scope of OpenLand, and lay a solid foundation for the cross-chain launch of the public chain in the future.
3) PTT Pass
The only governance token in the OpenLand ecosystem, enjoys multiple rights and interests, and truly achieves Dao's governance system. Holding PTT will participate in OpenLand's proposals and ecological governance.
4) Physical assets
High-value physical assets and physical assets that participate in the OpenLand ecosystem can participate in the mapping of ecological NFT, participate in the mining of ecological NFT and the circulation of PTT, and the early physical assets will open a block chain technology theme commemorative stamp customized by China Post. More physical assets will be launched in the later period
The new model of the digital asset platform on the OpenLand chain will completely break the barrier between the actual collection and the blockchain digital tokens, and achieve perfect intercommunication. This concept is currently unique in the world.
Conclusion:
The one-stop physical asset NFT+DeFi ecological platform has officially set sail. A new ecosystem that surpasses the existing DeFi volume is emerging. The future is here, and OpenLand will surely become the leader of the future.