Hi everyone, I'm Charles and I'm glad you opened and read this article. Remember the last article [How to find the best trending business in Malaysia? 】How much money do young Malaysians need to start a business? How to choose an entrepreneurial field? In , did I mention to explain this information to you? Then I hope that through this article today, you can learn more about NFT.
What exactly is NFT? Why can it be sold so expensive?
Image by David Johnson from Pixabay
NFT (Non-fungible token) is also known as non-homogeneous tokens. The name sounds a bit difficult to understand. In fact, it is a virtual asset with blockchain as the background technology, just like the well-known Bitcoin. NFT is one of the hottest new things in the world. It originates from blockchain technology and is regarded as a "digital certificate". To put it simply, NFT represents an object and helps digital content to confirm the right. The object can be a picture, a short film, or a piece of music, etc... They cannot be replaced by each other. When your creation on the Internet is turned into an NFT, because of the blockchain technology behind it, any record is difficult to be tampered with or copied as long as it is placed on the blockchain. Therefore, when such technology is applied to digital works of art, the original author and resale transaction records of the work of art will all be recorded and publicly visible. At the same time, because of the non-replicable feature, the holder does not have to worry about authenticity verification. Questions, like getting a warrant for digital creation.
At present, NFT transactions are mainly paid through the virtual currency Ethereum/ETH (Ethereum). ETH is the second largest cryptocurrency in the world, and it is also the pricing unit of most NFTs.real case scenario
Let me give you an example. A while ago, an ordinary Indonesian young man who became popular in the currency circle/NFT circle, when he was 17 to 21 years old, took selfies in front of the computer every day, and then uploaded a total of 933 photos to the NFT trading platform Opensea, And make it into NFT for auction. It is reported that this series of NFT is called "Ghozali Everyday". Subsequently, this series of NFTs suddenly became popular in the community. The current market price has exceeded 600,000 US dollars.
Speaking of which, does your heart feel very unbalanced? Is it really that easy to make money? I worked so hard to live and die, but in the end I was not as good as a young man who took selfies in front of the computer every day. I can only say that it is not. We need to know that there are many cases that we are envious of. The parties involved have prepared in advance, continue to study and research, and when the opportunity comes, they can firmly grasp the opportunity. do you know? Because of this incident, in less than a day, almost everyone took selfies and uploaded their own photos for auction. Do you think the result will really be the same as this young Indonesian? The answer is no! The concept is like investing in stocks. Only those who really know how to invest will always make money. So don’t be envious, you need to fully understand the characteristics of NFT, and then prepare and make good use of it, so that you have a chance to stand out.
Can it be browsed, copied and forwarded on the Internet? Why buy NFT?
Those pictures and videos that exist on the Internet can often be easily copied, reposted, or even re-created. Not only is it difficult to trace the original creator, but it is also difficult to protect the rights and interests of their works.But with the emergence of NFT, digital creators have an additional way to protect their rights and the value of their works. Provide authentication for digital assets through blockchain technology, which solves the authenticity authentication and anti-counterfeiting problems of digital creations. At the same time, with the characteristics of "limited quantity", "registered name" and "holding records", it gives meaning to digital content collection. For digital creators, their works can be auctioned and traded like physical works of art, so as to obtain substantial rewards. At the same time, the characteristics of NFT can also endorse the authenticity of the works.
From the standpoint of collectors, when collectors see their favorite NFT, they can bid freely, and every bid and transfer record will be recorded by the blockchain. An NFT of a popular meme is like getting the "original" meme. In addition to having collection value, it can also accumulate social capital (Social Capital), which indirectly demonstrates a certain status of oneself in the social network. .
Is this one of those capitalist hype games?
In a way, I think, yes.After all, the concept of NFT is a new market. If you want to make money in this field, if you just simply conduct creation auctions without considering the actual use of releasing him, it will not take long. When the dust settles, buy at a high level. If you take the offer, you will face a dilemma that no one is willing to take the offer. After all, there are really not many people who understand art!
Summarize
Speaking of which, what do you think of NFT? If you ask me, I would say go learn or have knowledge in this area! In the near future, there will be a series of NFTs with practical uses. Due to the characteristics of the NFT concept, it has actually determined that it has practical uses. If you look far enough, you will find that its potential is unlimited. Let me tell you Said, I am already packaging a series of NFT services, and when the time is right, I will launch the market and let you know.
Finally, let me cite some NFT types with practical application scenarios, including:- artwork
- music
- access right
- game props
- digital identity
- Physical product certificate
- Web 2 database
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