Everyone knows that NFT has exploded this year. There have been a lot of voices about NFT, both inside and outside the circle. Everyone wants to know how to combine with NFT and blockchain, and at the same time, NFT applications have been derived in the circle. , some NFT-related tokens are also rapidly heating up, and the dual engines of "bull market + NFT" have driven high-value returns on investment.
Some people even call NFT the future, which is too CX and blind. Although the concept of NFT appeared in 2017, it is still in its early stage. In this era of nearly flooded NFT manufacturing, no one seems to pay attention to what the future of NFT looks like?
Whether it is art or games we see now, as long as the concept of NFT is used, old players will feel that this is a game sold in blind boxes, and there is not much innovation. It is nothing more than buying and selling bags. This frequent and simple form makes the public gradually tired, and NFT needs more playability to set off its value.
Just like the development of games, at first we used computers to play web-based mini-games, and gradually evolved into PC-side and mobile-side games, allowing users to have a better experience and playability.
And NFT itself is not just a tool for buying and selling card packs. It can do many things, but it is still in its infancy and has not been discovered.
Regarding the current NFT hype, I think there are several aspects that hinder the development of NFT:
1. Insufficient liquidity. Everyone also knows that whether it is art collections or other types of NFT, there is a fatal weakness, that is, insufficient liquidity and inseparable, unable to circulate as quickly as digital currency or some financial systems under the chain, which leads to its Liquidity is severely lacking. That is to say, after I buy an NFT, I cannot sell it quickly. It may require long-term investment. However, judging from the mentality of everyone participating in NFT, the market has not formed such a trend, and it is still speculative. Lord, this has led to an oversupply. Many people often expect to transfer out at a price of 1 ETH after 10 days after buying 0.1 ETH, but the actual situation is that it is difficult to sell it even when the price is reached.
For example, if I do an offline gallery exhibition, if 100,000 people come to see it, but the final transaction volume is only 5 people, then the probability of holding it 10 times is very low, and you can see the whole exhibition from here. The problem caused by insufficient liquidity, the turnover rate of the secondary sale also needs to be considered. This is what we all must pay attention to. If you are a long-term collector like Whale Shark, you can continue to buy To invest and hold, but if you want to use NFT as a hype tool, it is not suitable.
2. The value anchoring problem of each NFT. NFT is a thing that can be issued and produced by everyone on the chain. As long as I pay the Gas fee, I can send a picture in the form of NFT and sell it at a price, but what determines the price in the end? Still no answer. That is to say, if I take a random picture, as long as someone buys it, the auction price I put on the shelves is allowed to reach sky-high prices, but what is the significance of this NFT issuance in the end? For example, Twitter co-founder & CEO Jack Dorsey sold his first tweet for $2.9 million. How does this NFT, which sells for more than $2 million, rely on to evaluate its value? People only see the high price, but not the business behavior behind the high price. It can be understood that most of the NFTs on the market are a bubble created by hype. When the market is in a positive cycle, there must be some corresponding institutions. Participation, or even the combination of IP inside and outside the circle, is the correct value anchoring method, which is why many people have been waiting and watching instead of buying NFT. .
3. The public's understanding of NFT. This year's NFT may be detonated by some foreign emoticons and card package sales. Many people have participated in the buying camp of CryptoPunks and NBA Top Shot, but I believe few people actually understand what this NFT can do. The sale of card packs on the website is nothing more than selling basketball stars in the form of football stars, artworks, etc. If it is just such a function, Crypto.com, a platform that gathers big IPs, is completed. For NFT itself The problem of solving the ownership of goods that is advocated is not reflected. Nowadays, many people think of games, but games are also a thing with a long development cycle. Do we want people to play this NFT game? This is unrealistic in itself, it can only be used as a hobby of some users, and the value of NFT itself, my personal opinion is to promote the development process of the digital age of society. A house under the chain is considered an indivisible asset. If it can be truly combined with NFT, the effect will be huge. Now people are focusing on artwork, and artwork is actually a very small category. , whether it is on-chain or off-chain, its liquidity will always be difficult to meet people's expectations, which is determined by its participating groups.
In this era where everyone can issue and NFT artworks are flooding, while solving the problem of artists' survival, it is impossible for us to guarantee that everyone can understand art, understand art, and buy art. Therefore, the actual value of NFT to the society is the final application direction
