How many steps does NFT to the moon take?

It’s amazing! After the “5.19” reshuffle in the cryptocurrency world, I never thought that NFT would become more and more “intense”.

How many steps does NFT to the moon take?

Ali auction 520 auction festival launched NFT digital art special session, China Guardian spring auction NFT art works sold for 667,000 yuan ……

The exhibitions and auctions of crypto art are one after another, which is very lively. We can’t help but feel that while foreign blockchain crypto art is in full swing, domestic institutions and artists are making small achievements in leaping into the market.

Despite the fact that the value of digital artworks has shrunk by as much as 90% due to the rapid fall in crypto asset prices at the end of May, and the trading volume of the NFT market last week was down nearly 90% from its record high in May, the NFT firestorm story continues.

From the inclusion of blockchain in the “new infrastructure” category to the “14th Five-Year Plan”, one of the seven key industries of the digital economy, China has created many opportunities for the healthy development of the NFT market. The release of our ancient mythology “Ancient Kingdom Sequence” cards, the auction of the first NFT digital music public service, and the release of the first NFT film series in China also indicate that entrepreneurs have noticed and are accepting many value propositions of NFT.

What exactly is the appeal of NFT that has attracted everyone’s attention? This article, “The incredible magic of NFT! may inspire you!

After the epidemic, the Fed implemented unlimited quantitative easing, the flood of liquidity and the slow growth of earnings made investors more and more uneasy, and the dramatic development of the epidemic made its usual inflationary interest rate adjustment “leek cutting” technique is not as good as before, so it had to brew a new type of fancy “leek cutting” method. The “leek-cutting” method. At this time, the crypto asset market is particularly important for global capital.

The world is bustling with profit, and the world is bustling with profit. The NFT market today is still far more financial than artistic.

The values of “scarcity,” “irreproducibility,” “objective utility,” and “legality” are labels often attached to NFT. These values are the labels often attached to NFT. However, with the rapid development of NFT, people found that scarcity and high value do not equal each other, and the so-called “irreproducible” or “irreplaceable” is also a false proposition, as long as you get the account address, or also means that you can get all the NFT in the account. The new city is a new siege.

It’s a new siege, people outside want to get in, people inside want to get out, it’s still hard to say whether NFT has a future or not, the bubble theory never stops.

For some artists, the emergence of the NFT has indeed increased exposure and broadened the channels for cash. However, the similarity between NFT and IC0 in terms of compliance, price not equal to value, and high energy consumption have also made it controversial. However, people believe that the emergence of new things is bound to be accompanied by a bubble, and the bubble will always be burst with the passage of time.

Bursting the bubble requires not only creation but also expansion

In fact, in addition to the conventional applications of crypto art collection and auction, NFT also has financial plays. For example, NFTfi, the NFT mortgage marketplace launched last year, allows NFT asset holders to use their NFT as collateral to borrow assets and lend to others. NFTX, on the other hand, creates an ERC-20 trading platform that uses NFT as collateral and is live on Ether. With NFTX, users can create and trade funds based directly on collectibles.

In addition, FOXNFT is expanding a whole new ecosystem of digital brand assets with the DeFi+NFT model. In the future it may empower NFT and brands in financial, gaming, collecting, social and other scenarios, bridging the barriers between the real world and the crypto world.

Surprisingly, the NFT platform may also have the potential to become a social platform. Industry insiders have mentioned that in the future, with the increase of users, the NFT platform may also see an information explosion, realizing more forms of social interaction such as UGC (user content production), comments and likes.

It’s hard to leave NFT in the world, just because the world is too beautiful

On the NFT track of a hundred boats, the emotional value brought by smart contracts is what makes users most look forward to the deep psychological rewards, with the continuous improvement of technology will have more scenarios to be NFT, its future development prospects of the broad, far more attractive than the DeFi investment field.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/how-many-steps-does-nft-to-the-moon-take/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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