What is NFT?

NFT has exploded again recently. Today, I will explain to you what NFT is, including what is the business logic of NFT? Let me explain to you in one sentence: When we make money in the real world, do we spend money to buy assets? If you spend money to buy a house, it will give you a real estate certificate, and if you go to the supermarket to buy snacks, it will give you a small paper ticket, which will prove that the property belongs to you.

So what exactly is an NFT? That is, any asset you buy with digital currency in the virtual world is definitely yours, which is simply called the confirmation of digital copyright. Let's take the real world as an example. If you buy the original Mona Lisa today, you basically only have collection value and after two years, this painting is more valuable. You have little investment value, but in NFT In the world, once you buy any digital copyright, as long as someone uses it in the digital world, the whole world will pay you a rental fee, so only you have the right to control it, and the whole world can have the right to use it , but in currency.

There is a metaverse company in the United States called Roblox, which allows all players to create worlds in it. In fact, a boy who just went to college made a world called Prison Break theme. Every year, he can earn millions from this world. It has control over all skins, characters, and scenes. When others use it here, they need to pay him to earn this part of the income. At this time, some friends are curious about Curry and bought one for $180,000. NFT's avatar, I don't have to pay him to change that avatar on Douyin, so friends, this is where NFTs are immature now, that is, all worlds and universes are isolated, today's NFTs actually don't have any In actual value, he is just a way to show off his wealth.

Take the 180,000 avatars that Curry bought as an example. He is two artists who created a website. For example, I publish 100 avatars. At this time, this matter has become a game for rich people to show off their wealth. Metaverse, at the same time, I am willing to pay $180,000, $1 million to buy it for this 24x24 pixel, so that the world can see this matter, and the payment is essentially the same as buying a famous watch, so we I am looking forward to the future for all our digital copyrights, including short videos, including every song we write, every painting we draw, to realize its value in the virtual world of the world and to protect it at the same time, but it is too early , so we often say that the end point of the Internet is content, and the end point of content is actually that each of us releases the creativity of everyone and protects our creativity, so we also expect that Douyin, now the largest content carrier platform, can In the future, the content of each anchor will be protected, so that NFT can truly be implemented.

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