"What are the rights and interests of NFT in the end?" Now when talking about NFT, many people will think of "avatar", most of which are in the form of JPG pictures. NFT has been the most out-of-the-box concept in the blockchain since last year. After this stage of upsurge, many NFT enthusiasts have begun to think about the actual application scenarios and implementation of NFT.
On February 4th, Vitalik Buterin, the founder of Ethereum, said in a live broadcast of the Ethereum Chinese community that "NFT should not be too expensive, but should focus on function", that's right! The types of NFT are constantly diversifying, and deeper application attributes need to be continuously explored. Therefore, the next step of NFT is to apply and implement more scenarios.
For example:
As the NBA enters the playoffs of the 2021/22 season, Google (GOOG.O, GOOGL.O) and the NBA have partnered to launch the metaverse project Google Pixel Arena, where fans can use their virtual avatars to participate in NBA basketball activities. Google Pixel Arena will be open between halftime and games on the NBA app, allowing users to have their virtual players explore the game in uniform and accessories from the team of their choice.
According to the official account of Zhejiang University International Joint Business School, the school will establish the Metaverse Campus on April 27, which may be the first business school in the world to land in the Metaverse. To celebrate the 125th anniversary of Zhejiang University, from April 27th to May 10th, Professor He Lianzhen, Vice President of Zhejiang University, Professor Ben Shenglin, Dean of International Business School of Zhejiang University, and other business leaders, experts and scholars will jointly open the Metaverse Campus and related A series of activities, including inviting Lin Bochi, a famous master of the Lingnan School of Painting, and Dai Guangying, a teacher from the China Academy of Art, to exhibit paintings online on the Yuanyu campus.
All kinds of news about NFT, all walks of life in the world are trying to enter the hot spot of NFT. This shows that what NFT brings in the future is not limited to a JPG photo or a virtual thing, but has more scene applications and landings.
According to NFTGo data, the market value of NFT avatar (PFP) projects has exceeded 10 billion US dollars, which is the highest market value among all NFT categories. The second category is collectibles, followed by games. Under NFT avatar projects, CryptoPunks and BAYC are ranked the top two by market capitalization
NFT itself is a financial attribute, so most of the innovative attempts of the NFT concept are essentially one party giving the gameplay and the other party giving assets, unlocking more assets through the form of NFT, and completely opening the door for them to enter the decentralized financial world.
In theory, this not only introduces more diversified and larger asset classes from NFT to meet the development needs of DeFi, but also revitalizes the original "sleeping assets" in the NFT world, giving NFT assets new application possibilities .
As far as NFT is concerned, there is also a lot of room for imagination to explore and expand more scenarios-how to find a way to legally combine NFT with more fields (DAO, e-commerce, real estate, social networking, ticketing, finance, etc.) Methods.
Let’s take an example. The combination of e-commerce and NFG may change some pain points of traditional e-commerce.
Realize the landing of the scene by empowering "symbiosis", and create the transaction, circulation and traceability of "non-homogeneous goods (NFG)". Its "non-homogeneity" means that each NFG is unique and indivisible, which means that when a commodity is cast into NFG, the commodity has a unique identity on the blockchain, and because the blockchain is based on The decentralized storage method has characteristics that cannot be tampered with and can be traced, so that high-end commodities can be confirmed on the chain, making them have the property of metaverse assets and can be circulated and traded.
Solve the problems of current high-end commodities, works of art, and trendy products that are difficult to verify the authenticity, ownership, value, traceability, and circulation of high-end products! To find new business opportunities in the development of metaverse for companies and creators who produce high-end products, and to promote the new paradigm of digital marketing for physical companies
For example, UEFA launched 20,000 VIP tickets for the European Football Championship in the form of NFT, and Nike's NFT attempt to use "CryptoKick ID" to verify the authenticity of sneakers. The combination of NFT and physical assets is also the current mainstream exploration direction, and some projects are already making exploratory attempts.