What is the NFT that Tencent and Ali compete for?

In June, 20021year, Ali and Dunhuang Academy of Fine Arts jointly released two NFTs, Dunhuang Tian Fei and Jiuse Deer Skin, with a global limited edition of *** 16000, and the works were snapped up as soon as they were released.

On June 26th, 20021,Netease and Nervina Labs released their first NFT works on Taobao.

On August 3rd, 20021year, Tencent NFT trading platform "Magic Core App" launched 300 pieces of "vinyl NFT" in thirteen invitations and sold out instantly.

China's giant capital's hot pursuit is evident. At this point, people can't help but ask, what is NFT?

See NFT for the first time

NFT (irreplaceable token) refers to heterogeneous pass, which is relative to the concept of homogeneous pass (FT). Each NFT has a unique and unique logo, which is not interchangeable, and the smallest unit is 1, which is inseparable.

Our common BTC, Federal Institute of Technology, etc. Are homogeneous tokens. For example, everyone has the same BTC, which can be divided into 0. 1 or 0.0 1 interchangeably, and both can be divided, without affecting the value and use.

NFT stands for inseparable and non-interchangeable items in reality, such as real estate license, famous paintings and game equipment. Are unique, and completely lose value and practicality after segmentation. The most typical ones are collectibles and artworks. These products with heterogeneous genes have been digitized and certified by blockchain technology, which has become the popular NFT today.

NFT is unique.

Economics stipulates that money is a universal equivalent and a carrier of valuable knowledge. In modern society, personal wealth is no longer measured by the amount of money held, but includes the value and quantity of assets under its name. Its assets include but are not limited to houses, cars, stocks and other items with market value. For most people, the value of assets often far exceeds the value of cash they hold. Physical assets have two major defects: poor liquidity and high cost of confirmation. For example, the confirmation of housing rights depends on the registration of the Housing Management Committee to determine the final ownership of the property.

However, in the blockchain world, the assets we currently have are BTC and ETH with monetary attributes. After the demand for monetary assets is met, a value medium of non-monetary assets will naturally appear, which is NFT. Relying on the decentralized, tamper-proof and encryption authentication features of blockchain, NFT has solved a series of problems of physical assets:

? Assets are unique and cannot be forged.

? Strong liquidity and real-time trading;

? Encryption is confirmed and cannot be tampered with.

In addition, NFT also has characteristics that cryptocurrency does not have, and its unique characteristics can be used for identification, ownership certificate, virtual props and other items. NFT makes encrypted assets more practical, enables users to expand the utilization rate of valuable assets through NFT, and is protected by blockchain technology.

The NFT suddenly turned red and quit the circle.

However, NFT is not a new thing this year. As early as 20 17, it has already appeared in the public eye, but it is more regarded as a minority in the Ethereum.

So what is the important driving force that really makes NFT out of the circle?

Let me ask you a question first: How much can a digital picture sell? The answer is $69.3 million!

On March 1 day, 202 1 1, an unknown painter, Beeple, collaged every day of the past 13 years into a digital picture called Every Day: The First 5000 Days, which was taken at Christie's.

Overnight, NFT became an export. The 40-year-old American painter also became rich and free overnight. The explosion of NFT caused a great sensation in many fields such as art, venture capital and finance.

NBA, Samsung, McDonald's, Marvel comics, movie stars, etc. In the business circle, they are releasing their own NFT products, while Sanjian Capital, Signum Capital, NGC Venture Capital, Bitcoin Base, etc. In the venture capital circle, we have begun to invest in this field. Internet giants such as Tencent, JD.COM, Facebook and Twitter are all laying out the NFT battlefield. The opportunities and challenges brought by NFT are no less than those brought by mobile Internet.

From the commercial history, iPhone, Aamzon, Microsoft, etc. It was originally used by people in the industry. After marketing, products, the trend of the times and other directions, the whole society began to use, and the initial products of specific groups evolved into mass infrastructure. Although the development of NFT is still in the early stage, this time NFT will continue the historical track and accelerate the application of blockchain technology in reality, which is of great significance to promoting the process of social digitalization.

The future of NFT can be expected.

In addition to the art circle, will NFT be more widely used? Through the above analysis of NFT, we can find that NFT will be widely used in the future. For example, the recent popular NFT+DeFi and NFT+game games, as well as the concept of hyperuniverse, are inseparable from the future development of NFT. The practical application of NFT will solve many problems for society, such as:

First of all, in the field of intellectual property, NFT can represent a painting, a song, a patent, a movie, a photo or other intellectual property. NFT can help all unique copyright registration and help it identify patents.

Second, tangible assets, real estate such as houses and other tangible assets are digitized through NFT system. It can serve as a financial market, such as the circulation of assets.

Third, recording and identification, NFT's unique characteristics, can be used to verify identity and birth certificates, driving licenses, academic certificates and other aspects to prevent abuse or tampering.

NFT will have many physical applications in the future, which will definitely solve various practical problems for the society. Presumably this is the ultimate goal of the capital layout of various giants. As the world's first blockchain with a solid digital economy, the focus is on blockchain scenes closely related to the lives of ordinary people.

Different from other virtual currencies without value support, Ciyao regards the innovation at the bottom of blockchain as an important breakthrough of independent innovation of core technology, and uses the functions of blockchain such as transaction, calculation and recording to promote the implementation of real economic activities on the chain under the condition of satisfying supervision, and at the same time realize the market-oriented operation and market value management of digital assets after the Shanghai Stock Exchange, redefine the interest distribution relationship among producers, consumers and participants, and form a brand-new financial and business model.

Soon, based on years of experience in the physical scene of blockchain, Baguio will accelerate the integration of NFT and physical enterprises, provide top-level business architecture design and digital economy model design for physical enterprises, and * * * build a "blockchain"+"new ecology" to benefit all participants in the whole chain, bring tangible benefits to the real economy and the whole society, gain wide recognition from the society, and make digital currency a living water, flowing in the big cycle of the real economy and serving the real economy.

NFT is a new world brought by the era of technological explosion, and the digitization process of the real world will be greatly accelerated in the next decade. In the future, NFT will only promote the deep integration of the real economy and the digital economy, and the technical value of blockchain will gradually emerge in this process. It can bring new business models, reconstruct distribution models, market structure, organizational forms and industrial relations, and push mankind into a new era of digital civilization. Yao Yao will become an indispensable promoter.