2021 is undoubtedly the year of NFT. According to incomplete statistics, in March 2021 alone, the transaction scale of the NFT market reached 205 million US dollars, exceeding the sum of all previous NFT transactions; The total market value of NFT works in the chain exceeded 30 billion U.S. dollars, hitting a new record high; in the extreme market conditions of the cryptocurrency market in May, the trading volume of NFT still maintained a growth trend.
In the world, not only many big names or big names are competing to join the ranks of NFT, but also various unknown creators have also exerted their NFT creative talents in this NFT boom.
Recently, the little boy Benyamin Ahmed sold a series of NFT works he created, worth more than 160,000 US dollars. Called "Weird Whales", the series is a collection of 3,350 pixelated whale drawings, each whale in the collection has its own characteristics and the rarer the more expensive!
In 2017, a cloud cat game called "CryptoKitties" (CryptoKitties) exploded. It is very similar to "Weird Whale". It is a blockchain-based virtual game that allows players to adopt, feed, and trade Virtual cats, but the emergence of CryptoKitties made the NFT concept gain a lot of attention for the first time, making NFT mainstream.
People are buying, breeding and trading virtual cats like crazy. This made many people see the potential of NFT.
Encrypted cats have multiplied so far, and there are nearly 2 million cats of different styles. Nearly 90,000 addresses have at least one encrypted cat. The most expensive cat sold for 750,000 RMB
Since the second half of 2020, NFT has started to go out of the circle frequently. Although the epidemic has restricted people's actions, it has no way to limit people's imagination. The transaction scale of the NFT market has begun to grow explosively. The current total transaction volume of the NFT market has exceeded 10 billion U.S. dollars , more than 4.85 million NFTs were sold, and the form of virtual artwork is gradually being accepted by users, and the NFT market has huge potential.
Nowadays, NFT is often referred to as "non-homogeneous tokens" in the market, and it is considered to be a "bubble in the sun", which is just a trick to deceive people. However, since the development of NFT, it has been constantly using facts to face Internet rumors.
Wang Yongli, the former vice president of the Bank of China, issued a document on June 26 stating, "NFT, as a non-homogeneous and indivisible thing, cannot become a general equivalent or a unified accounting unit (NFT cannot be summed up and reflected), so There is absolutely no way it could be a currency or a token.”
In fact, NFT is a non-replicable and indivisible unique digital (encoded) encrypted proof of rights derived from the foundation of blockchain technology, which contains several rules and information, and is used to indicate the ownership of the rights and interests of a certain digital item.
NFT fully protects the interests of creators, allowing creators to enjoy the growing value of their works and the absolute ownership of their works. Through the NFT of artworks, the entry threshold of NFT will be continuously lowered, which will continue to stimulate the enthusiasm for digital creation. Any photo, video, music, and text in our life can become a digital asset and continue to earn income in circulation.
NFT redefines the concept of collection in the digital age, and will also change the way we perceive and share value.
