introduction:
With the help of the DeFi boom, the popularity of NFT has gradually increased.
The emergence of NFT has added richer application scenarios and asset liquidity to the entire blockchain world. At the same time, NFT is also expected to become the latest "wealth password".
In this article, the editor will guide everyone to understand NFT step by step. This knowledge will help us better understand and participate in the emerging market of NFT, so that everyone can get on this latest "fortune train" faster and safer. ".
NFT : Non-homogeneous token
NFT is not a symbol of a certain project. Like DeFi, NFT is also a subdivision of blockchain technology. If cryptocurrencies such as Bitcoin and Ethereum are more currencies and tokens used for trading purposes, then NFT is more like the concept of assetization in the real world.
The full name of NFT is NonFungibleToken. Translated into Chinese, it is non-homogeneous token. The corresponding is FT--FungibleToken homogenization token. Ethereum and Bitcoin are common examples of FT. 1 Bitcoin and another The 1 Bitcoin can be replaced with each other, and each NFT has its own characteristics and cannot be replaced with each other.
There is a huge difference between NFT and FT. If you put a bunch of NFTs together, it's like paintings listed in an exhibition, or putting together some pictures with different patterns, colors, and sizes, it is easy to distinguish them. . And if you put a pile of FT in one place, it is like different sand grains in a pile of sand. The "shape" may be slightly different, but the essence is the same.
Using real-world examples may make it easier for people to understand.
A stack of 100 yuan in face value not only looks the same, but also has the same value. If it is replaced by a stack of tickets, although the holder can be boarded, different tickets correspond to different cabin seats and destinations, and their value is also different, and the holder’s name and identity are marked on the ticket information.
On the blockchain, each NFT has its own unique attributes and numbers, and is inseparable. You can hold 0.1 Bitcoin, but you cannot get 0.1 NFT.
The development of NFT is still in the early stage. NFT wants to obtain a wider range of uses, it is inseparable from the emergence of standard protocols.
Different blockchains have their own different NFT standards. On Ethereum, the common NFT standards are ERC721 and ERC1155 protocols, while on WAX blockchain, SimpleAssets and AtomicAssets protocols are more common. However, the competition between the agreements is far from being a winner.
Similar to the DeFi protocol, the total NFT value of different protocols will determine which one or several NFT protocols are more competitive and more likely to produce more uses.
Application scenarios: various
NFT has a very wide range of uses. The following editor will list some NFT application scenarios. The details are as follows:
● Games: NFT can be used as props, pets, characters, costumes, virtual assets and other items in the game, such as the more popular pet raising games, crypto cats and sandbox world games;
● Intellectual property: In the field of copyright rights, an artwork, a painting, a stamp, a song, a trademark, a patent, etc. can all be NFTized, giving identification patents for copyright registration.
● Physical assets: In the existing real-value realms, any valuable items can be NFTized, such as real estate, cars, land, etc.
● Other fields: Insurance policies, ticketing, invoices, qualification certificates, etc. can all be NFTized as proof or transaction.
For now, the most common NFTs are digital collectibles issuance transactions, game NFTs, and combined applications of NFT and DeFi.
PNFT: The world's first digital asset with physical mapping of stamps
The full name of PNFT is Postage Stamp Non Fungible Token. It is a digital asset mapped by OpenLand's stamps. It is the world's first blockchain-based NFT on a stamp. OpenLand based on NFT technology is combined with existing physical stamps to achieve digital on-chain. After PNFT is recorded on the blockchain, each PNFT stamp will have its own attribute value, unique identification code and other characteristics, and it is irreplaceable and indivisible. Users can experience the collection of digital stamps by collecting different PNFTs. And investment value.
PNFT combines traditional stamps with NFT to create a unique new model of digital physical on-chain. The first set of commemorative stamps based on blockchain technology is issued in sets and has a unique identification code. It will be generated after being entered into the OpenLand APP The PNFT of ERC721 is automatically mapped, and the mapped PNFT will become the PNFT identity authentication of the project party’s public chain, and will have the opportunity to enjoy certain rights in the future ecological construction, such as node rights, mining rights, etc.
The total issuance of PNFT stamps is 1 million sets, and each set of PNFT has a unique identification code, which can be freely traded on the trading platform. In the OpenLand APP, pledge PNFT can also obtain OpenLand's governance certificate PNFT.
Conclusion:
Due to the broad definition of NFT, the future development space is undoubtedly very huge. Moreover, scarcity is not the most important feature of NFT. NFT is not just used for trading. The reason why most people are currently competing for competition is just because of the current NFT. The usage scenarios of NFT are more concentrated in the asset fields such as collectibles and games. Coupled with the boost of the DeFi boom some time ago, the understanding of NFT often adds some speculative factors.
However, it is undeniable that the world needs NFT. The editor believes that the future application space of NFT is very huge, and it will not only affect the asset field, but will also give a huge boost to people's livelihood and social and economic development.