From Christie’s 9 Cryptopunk auctions for $17 million, to DKNG’s major shareholder, who sold the “new crown” Cryptopunk at Sotheby’s for $12 million, and then went to Nasdaq to ring the bell while wearing the Cryptopunk portrait, NFT’s The gold rush continues in full swing in the eyes of fools outsiders.
In the past, Larva Labs launched the meta-universe 3D character Meebit, which slashed 75 million leeks. Later, the Bored Ape Yacht Club (Bored Ape Yacht Club) was listed at a civilian price and appreciated 30 times in one month. He became a fan of NBA rookies and club managers. People, even stars Gary V, Shawn Yue, Huang Licheng. The top V Pranksy in the NFT circle made more than 1,000 ETH on it.
The NBA Top Shot star card platform has more than one million users, and the “Save Thousands of People” charity NFT launched by Noora Health was sold at a price of 1337ETH. Ebay, the second largest e-commerce platform in the United States, is also preparing to launch an NFT trading platform.
What is life changing? A month ago, the newly released Zodiac series by the unknown Chinese artist, Yang Yang, sold 180 ETH in one minute, and its NFT project Ghxst was launched in one month with a total transaction volume of more than 800 ETH (artists have a 10% commission). Enter the top ten of Opensea (OS). The 18-year-old artist FEWOCiOUS dropped out of high school a year ago and will soon be listed at Christie’s at the end of this month. His NFT paintings have sold millions of dollars in the past year.
Domestic attention to NFT has gradually increased. Shanghai held the first NFT encrypted digital art exhibition. Cao Yin of the Digital Renaissance Foundation often leads a team to explore the CV meta universe. The national architect of station B will launch Qingming next week. NFT on the river map.
The above are only major events that have occurred in the last month. As the final piece of the trilogy, today I will talk about the various applications of blockchain in NFT. The amount of information is relatively large, and many of them are assumptions about the future. Fantasy and fantasy may be just daydreaming, but investment is originally a game of anticipation and probability for the future.
The next revolution in e-commerce
Alibaba’s Taobao and Alipay, Ebay and Paypal’s connection, and Amazon’s one-click ordering are all successful factors in how e-commerce counters offline shopping in the past decade. When e-commerce first started, why weren’t people optimistic about it, mainly because they couldn’t trade with strangers and there were too many fakes. Even if there is a scoring system, there is also a system for scoring praise. Ebay announced its first entry into the NFT market. It is estimated that because limited edition star cards have sold more, the management knows how important the authenticity and uniqueness of the products are. NFT was born and traded on the blockchain, and it is clear at a glance whether it is true or not.
Opensea (OS) as the NFT’s largest trading platform, is also an 8-pixel picture, a Cryptopunk official certification to sell 15ETH (4-5 million dollars), I uploaded to Ethernet Square pictures worthless. The cost of fraud on the blockchain is very high, far exceeding the expected return. NFT has an unparalleled innate advantage over fakes. Ethereum NFT may become the norm for people to shop in the future. After a few years, maybe the LV bag you bought has a small QR code on it. I will know if the AR glasses are officially issued by LV by scanning them. How many have been issued in total, and I also know how much you bought it. , Is it second-hand.
Transactions on the NFT chain are timely, there is nothing 3-5 days for bank arrivals, and there is no difference in exchange rate conversion. I can trade on Ethereum with anyone in the world, and all the cryptocurrencies supported on Ethereum can be used. This transaction is also completely public and can be seen by everyone (potential customers, company colleagues, tax bureaus, law enforcement agencies). The real estate company Propy has completed thousands of home ownership transfers in Ethereum, with a cumulative transaction volume of more than one billion U.S. dollars. Recently, it is trying to make all housing certificates into NFTs. Maybe buying a house in the future will be as simple as buying food. Real estate agency lawyers don’t need them at all. Buy a house with one click and it will arrive in three minutes.
Blockchainization of electronic payment is an inevitable technological development, so it is not surprising that Square, Paypal, Tencent and Ali are studying the blockchain. All future platforms and systems will be on the chain. There may be different chains but they will definitely be. On-chain. Blockchain is like the Internet. You have to write a public comment to open a hot pot restaurant. Now how many people only use WeChat red envelopes for Chinese New Year?
Can virtual land also be speculated?
If the most promising game in the next ten years is the concept of Metaverse, the 2018 movie “Ready Player One” brought the concept of Metaverse to the big screen for the first time, not far away In the future, people will live a second life in a virtual universe. At that time, most people felt that this future was still far away. How could they think that in 2020 everyone would passively start “Second Life”: shopping online, working remotely, except eating Sleep and connect to the Internet 16 hours a day. Microsoft’s sandbox game “Minecraft” (Minecraft) exceeded 100 million monthly active users for two consecutive years, and reached 140 million in March this year.
Roblox (RBLX), the first stock of Meta Universe, is to directly play the DeFi set of the currency circle into the game. The game company distributes game coins. You can earn money by working in the game, or you can directly recharge the money to buy game goods. It can be converted back to U.S. dollars at the official exchange rate, and children can also “make money” in the game, and they have been exposed to economics, marketing, and monetary theory since childhood. Previous game manufacturers also had game currency, but RBLX should be the first company to officially redeem game currency with legal currency. The social giant Facebook (FB) has also launched a beta version of the VR social platform Facebook Horizon, which refers to the meta universe.
The above three companies are all centralized meta-universes , and innovators have already started to make decentralized meta-universes a long time ago .
The previous article talked about several NFT chain games. Games can be regarded as the driving force for the development of NFT: the early hatching game Cryptokitties, the battle upgrade game Axie Infinity, MyCryptoHeroes, the card game Gods Unchained, the virtual football Sorare, which exploded this year. Virtual horse racing game ZED run, each of these games has an average transaction volume of 20,000 ETH (50 million US dollars).
The category of games where NFT has a monopoly is still meta universe: Decentraland (DCL), which ranks third in OS transaction volume, Cryptovoxels (CV) and The Sandbox, which ranks 13th and 14th. The three transaction volumes add up to more than 115,000 ETH (equivalent to 300 million US dollars, 2 billion yuan).
DCL is currently the most successful NFT on-chain game. The OS transaction volume is second only to CryptoPunks and Rarible. Punk’s previous article has already talked about the world’s first NFT, and Rarible is the third largest NFT trading platform (the first two It’s OS and NBA Top Shot), yes, DCL as a game is about to surpass NFT’s second largest platform. In DCL, you can socialize with people, watch football games together, hold concerts, hold art exhibitions (Sotheby’s recently established the Metaverse Exhibition Hall in DCL), fashion shows, poker tournaments, entrepreneurial competitions, and even cryptocurrencies. The fund organizes online job fairs in it.
This is just a social function. Its game function is similar to Roblox. Mining is a task to obtain game currency MANA (time to exchange money). MANA can be used to buy all the goods in the game, and it can also be used to exchange for other cryptocurrency/fiat currency . MANA is now ranked 84th cryptocurrency, with a market value of 840 million U.S. dollars. It can be directly traded on Coinbase, Gemini and other exchanges. GBTC’s parent company also issued a DCL investment fund at the end of February, and now the scale of AUM has reached 12 million U.S. dollars.
In addition to directly buying MANA cryptocurrency to deploy the meta universe, more people buy land directly. The following are the most expensive transactions on the OS, and some of them are transactions this year, which means that some land has sold for millions of dollars. The second screenshot is a few recent transactions, an ordinary piece of land is only 2-3 ETH (thousands of dollars). Land speculation in Yuan Universe is the same as real estate speculation in real life. First look at the city (now there are 42 cities/blocks), then look at the size of the area, and finally look at the location (close to parks/sports fields/famous attractions). Some people buy land to build houses, and some people buy land for flips. Although there are no financial institutions that have entered into mortgages, DCL’s land can already be used to borrow cryptocurrencies through mortgages on certain platforms.
(Chinese New Year event held by Dragon City in DCL)
If DCL emphasizes social attributes, Sandbox is basically a decentralized Minecraft. The game is more playable, and there are various fantasy elements (dragons, demons, animals). Use SAND to purchase items/land/cars/fashion in Sanbox. SAND can also be freely converted with other cryptocurrencies on many exchanges, and SAND will rise slightly before each Sandbox sells land.
Of course, adults play less games, and the main thing is to speculate on the land. The picture below shows the new land sales at the end of May. Because Sandbox announced this time to cooperate with BAYC Boring Monkey (the black skeleton in the middle is the official land), the monkey army grabbed the land within 1 minute, whether it was ordinary land ($900) or close to it. With the partner’s high-end land ($3500), even several large ones were auctioned off by the Monkey NFT boss. As soon as these new lands are sold out, some people will spend twice or even three times the price to buy land on the secondary market, which is not crazy.
Finally, let me briefly mention Cryptovoxel (CV). Cao Yin of the Digital Renaissance Foundation often leads a team to explore the CV meta-universe. This meta-universe is relatively new. It is built with 3D pixel Voxel. There is no game attribute for the time being. Social gathering/display painting is the main theme, it seems that 3D modeling is more convenient, but I don’t know the details.
Of course, virtual land, like many token ICOs, has no limit on its total amount, and new meta-universes (games) will continue to be born in the future. How to ensure that the new land can meet the needs of new users without degrading the value of the old land is a difficult problem for the Metaverse project. The rise of Sanbox and CV has also created a crisis for the big brother DCL, and pressure brings growth, and competition makes people progress, which is a good thing for the entire NFT circle. He may be just a 007 programmer at Microsoft/Tencent, and maybe a top developer at Sandbox.
If Cryptopunk in the previous article is a blockchain business card, then the land of Meta Universe is the house in Shenzhen in the 1990s. Maybe 20 years later, “Shenzhen” will still be a small fishing village, maybe the next Shenzhen or even New York. Most people overestimate what they can do in one year and underestimate what they can do in five years and ten years.
The value of decentralized meta-universe
The top player of the movie can become a household name because the director Spielberg fully understands the preferences of the public. The colorful meta-universe plus the clichéd but useful Diaosi counterattack story makes a score only 7. 4’s film won nearly 600 million U.S. dollars in box office around the world, and the ROI is as high as 300% after the cost of 150 million. The personality of the villain in the movie is very reasonable. Excessive platform power is a shortcoming that all centralized meta-universes cannot avoid. Look at the troublesome social media this year. Now Minecraft is the hottest open sand in the world. Box games, but in the future, if everyone’s second life is in the same game, would you still trust a company whose first priority is to make money?
The decentralized meta-universe solves this problem. The entire meta-universe is determined by everyone in the community. This is also a great innovation brought by the blockchain, the Decentralized Autonomous Organization (DAO). Although groups are often stupid, the history of human development is never determined by individual smart people. Innovations must be approved by the masses in order for society to progress. Not to mention too philosophical, just look at a project in the NFT community if everyone can participate in it. Most NFT projects die after the sale (Minting) or the creation team disappears after getting the money, but there are a few NFTs. However, because of the well-built community, the secondary market (Secondary sales) is still going on after the sale ends.
The decentralized meta-universe has another huge advantage. The meta-universe with blockchain as the underlying technology is more advanced than the centralized meta-universe at the beginning of its birth. The uniqueness of the blockchain, the authenticity of ownership, non-trust, and interoperability are basically the ideal AI in science fiction to rule society. At present, most apps on the market can log in with WeChat and Google, but you still trust Tencent and Google not to guard against theft, and I can use my ether wallet (the little fox wallet introduced in the previous article ) to log in to any ether chain The NFT project, this is not a universal ID card. I buy and sell NFTs on the OS. I don’t need to know which corner of the world I’m doing business with, but I know that the Ether he/she gives me is Ether, which can be exchanged freely all over the world. Big cryptocurrency. Taobao and Amazon may always need two accounts, but I only need one wallet on the Ethereum chain to connect to countless shopping websites, buy houses, buy cars, buy groceries, and even buy stocks?
The bored monkey who attacked by cock silk
The hottest NFT circle in the past month is Bored Ape Yacht Club (Bored Ape Yacht Club). Four young people made 10,000 monkeys, and they went on sale at a price of 0.08 ETH each. The floor price will be one and a half months later. It has risen from 0.08 to 3ETH today, attracting countless fans in the currency circle. NFT boss Pranksy made thousands of Ether on it. When it went public, he bought 1,200 monkeys at a cost of 96 ETH. Afterwards, he slowly sold more than 1 ETH at an average price. He has sold more than 90% now, which is considered to be ” It’s sold out.” The populace boring monkey is in sharp contrast with the 3D character Meebit launched by Larva Labs. Larva Labs gave each Cryptopunk holder a free airdrop of a Meebit, but the issue price to the public was as high as 2.5 ETH (close to $9000 at the time). It has a bad reputation for cutting leeks. The floor price of Boring Monkey exceeded the Meebit floor price by 0.7 ETH two weeks ago, and now the floor price of 3 ETH is beyond the reach of Meebit. This is a perfect counterattack in the NFT circle.
In the last long article, I was still missing the free release of Cryptopunk by Larva Labs, but unfortunately, a few days later, the Boring Monkey went online for more than a month, and the profit was more than 30 times. Compared with GME, AMC, Dogecoin’s madness is not lost. . The picture above is the rare monkey with the highest turnover so far. The holder of the first place cried after being sold at a price of close to 130,000 US dollars. It can be described as a life-changing.
The success of Boring Monkey is inseparable from the decentralized community of its users. Now there are more than 4,300 owners of 10,000 monkeys, compared to only 2,400 owners of cryptopunk, and the community is more active with more owners. Now on Twitter, there are more than 500 fans just using the boring monkey as an avatar for a few days. The mutual fan of monkeys has basically become the iron rule for joining the club. With more people, various peripheral products appeared, such as monkey T-shirts, monkey coffee, monkey masks, monkey-derived NFTs, and some even wanted to run for the mayor of New York as a monkey. Everyone supported and helped each other.
What’s more interesting is that the monkeys have become the vane of NFT, just like the Wenzhou real estate group, which project is favored by the monkeys, it will be sold out, and the start-up team 800-1000ETH will get it. The monkeys are active in the discord chat rooms of various NFT projects. Like the Sandbox online monkeys I mentioned before, many people don’t know what the Sandbox is. The monkeys exchanged stocks. Exchange currency speculators, exchange real estate speculators. In the previous article, I introduced the social attributes of Cryptopunk. It is more successful here with monkeys. Maybe everyone is in the world, but the monkeys are all in the same club. We are all brothers and sisters. We share joys and sorrows together, FOMO together, HODL together, and make a fortune together.
The value of NFT
The value of NFT can be divided into 3 major blocks: intrinsic value + use value + community premium.
Intrinsic value (Intrinsic value) is basically the mint price, which is earned by the start-up team/artist. For example, 10,000 monkeys of the Boring Monkey sold a total of 800 ETH (0.08 each), and a card pack for an NBA star card. $9, Beeple or Pak’s paintings were released for 10,000 US dollars, and thousands of people went to grab dozens of identical editions (only the numbers are different).
Use value (utility value), tickets NFT can go to concerts/ball games, NFT issued by Gary V has a chance to have a meal or one-on-one video with him for 15 minutes, holders of Cryptopunk can receive a Meebit (Public sale One 2.5 ETH). Bored monkey holders receive one dog (Bored Ape Kennel Club) for free. Now the most common utility NFT is the domain name, such as tencent. I don’t know if Tencent owns the eth domain name, or China. eth, or xueqiu. eth. Website domain names are all traded on the chain, very blockchain.
Community premium, why James’s star card is worth tens of thousands of dollars, why cryptopunk sells 15-20 ETH, these are the community premiums given by the secondary market due to its rarity. And the entire community also has a floor price. Like the boring monkey, the monthly floor price has increased from 0.08 to 3ETH. It is because the monkey community has become more and more popular. It first surpassed Meebit, and now it is starting to catch up with Cryptopunk. There have been a few rare ones in the past week. The transaction price of Golden Monkey and Color Monkey even exceeded US$100,000, which makes it possible to buy a house in many small cities in the United States. No one in the Meebit community cares. Cryptopunk holders are still focusing on operating the Punk community, causing the floor price of Meebit to drop from the listing price of 2.5 ETH to 0.7 ETH. The NFT community can either FOMO or no one cares. NFT can make headlines or become a piece of waste paper.
(The Last Stand of the Nation State by Slime Sunday has a circulation of 415, an issue price of $40, and a floor price of $3998)
The intrinsic value of NFT has given many digital artists a new source of income. Unlike traditional painters who can buy and sell physical paintings, the paintings of digital artists can easily be plagiarized. In fact, this is the same as listening to free songs a few years ago, it is disrespect for the creators and exploiting the fruits of their labor. Now, digital painters can upload their works to the blockchain to ensure their uniqueness and originality. Art lovers and collectors can also purchase their crypto art with confidence.
The community premium in the secondary market often leads to the birth of speculators (flipper). I personally sold NFT more than once. I bought three top 10% monkeys with 0.3 ETH before, and I sold 1.2 ETH and felt that I was awesome. Now At first glance, similar monkeys are all 6ETH. There is also Cryptocities with 0.5 ETH online, which was sold at 0.75, and now the floor is all 4-5 ETH. There are also smart people in the NFT community who write bidding programs to pick up and miss underestimated NFTs. The automatic list will always remain on the project homepage every five minutes. Use game theory psychology and seller private letters to bargain prices, write automatic buy-in programs to grab airdrops in the first time, write There is no harm in applying the program to the NFT speculation.
If you have some understanding of the currency circle, you must have heard of De-Fi (Decentralized Finance), maybe because of the platform risk and the reputation of P2P running is not very good, but the annual interest of several large platforms to USDC is as high as 3-5%, which is completely exploded. Traditional bank. Staking cryptocurrency is a passive dividend income from many people who do not want to sell (HODL), and even everyone can act as a market marker (Market Marker) to provide liquidity to the market. De-Fi is boring for many ordinary people, and the fun and gameplay of NFT have greatly improved this aspect. It is definitely not interesting to stare at the K-line chart every day or the price of monkeys. It is also interesting to play games to make money. It is more interesting to pay attention to the central bank’s interest rate hikes or Musk’s stepping on Bitcoin every day. The low liquidity of NFTs may not be passive lock-ups.
(TO THE MOON by Lushsux circulation 113, issue price $999, floor price $3750)
Look to the future
Although NFT is currently only emerging in art collections and games, it has great potential in many fields.
If I told you that every song could be listed, would you think I was crazy? For example, Huang boss Ed Sheeran sent a new song an NFT, a total of 1,000 copies. The issue price of each NFT is 1 ETH, and Boss Huang withdraws more than 2 million. In the next 25 years, the copyright fee of this song will be divided equally among the 1,000 NFTs (similar to dividends) every month. It can also be divided in half, 50% of the copyright fee. This NFT can be traded 24/365 just like stocks. Isn’t this operation very wild? Think about how Tencent Music, Spotify, and record companies will become blockchains in the future? Cryptocurrencies challenge traditional banks, while NFTs may grab all. The job of the middleman.
NBA rookie Lamelo Ball this year also released its own NFT. Holders of NFT have the opportunity to get signed sneakers, signed T-shirts, and even watch his games as a VIP. This is not a new type of peripheral. There are not a few people who gamble on football. Will there be civilians investing in football stars in the future, and a part of the stars’ future income will be distributed to investors. Now readers of Qidian Chinese online can invest in new books to earn starting currency, and then all kinds of celebrities can be invested like stocks, and the best carrier is NFT.
I don’t know much about issuing funds, but I know that someone in the foreign NFT community set up a monkey fund not long ago. Hundreds of people crowdfunded more than 100 ETH to buy boring monkeys. Now the income is ten times the start, although their success is difficult to replicate. , But in the future, can Wall Street hedge fund managers also use NFTs to raise money and airdrop quarterly reports to holders’ wallets every quarter. If you are not optimistic about this fund, you can also sell NFTs on the OS. If the fund is well done, you can issue one every year Period, if you don’t do well or the manager doesn’t want to do it, you can split the money evenly after the liquidation. Dr. Michael Burry wants to short Tesla and get a NFT that Musk will die. Maybe he can also pull out a TSLAQ fund. Of course, there are risks in working with strangers. You also have risks in buying unknown hedge funds. Finally, it depends on whether you have done your homework (DD). The previous ICO boom was also on various Bay Area big V platforms. As a result, the bear market ran all the way. road.
There is no shortage of deceit in the NFT circle, and it is common for the project team to run away. Where there is light, there is darkness. Where there is money, thieves and scammers are indispensable. I personally didn’t invest in a few projects, so I encountered several lost connections and ran away. It is not uncommon for big stars to carry junk coins in the currency circle, and it is not uncommon to sell low-quality NFT cut fan leeks. At this stage, NFTs are still mainly collections. Investment can only be regarded as venture capital. One to two out of ten can only be doubled. I am mainly optimistic about the future of blockchain applications for NFT. The media has been blowing blockchain for several years, and I haven’t seen any shadows, but there are new projects and new gameplay on the OS every day, just like Alibaba and Tencent from It’s like stealing teachers and learning skills in Silicon Valley. Maybe some lucky guy saw a project on OS copied to China in the university dormitory and became the next giant, You never know.
As I said before, NFT actually entered a bear market after March (WSJ on the star card was seen to die), but there are still monkeys in the bear market that succeeded in this project. Looking back at the beginning of May, I bought the monkey at the bottom of 0.3 ETH, and it felt like 5. Just like buying bitcoins a year ago, there may be opportunities in the future. Like any money game, where there is a bubble, there is panic, and other people’s trash may be your gold to change your destiny. Of course, NFT is a venture capital among alternative investments. I will just introduce it here, not as any investment advice.
Now currency circle still a lot of people do not understand NFT , that can save the right thing why to pay , Shi ah , I find the Internet high-resolution images of the Mona Lisa why can not sell a hundred million? And still feel a bit Coin is a scam person , then I don’t expect them to understand NFT , I can only say one thing: The structure is too small , please read a brief history of mankind when you have time .
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/nft-trilogy-talking-about-blockchain-application-from-e-commerce-revolution-to-meta-universe/
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