Month: July 2022

Music royalties + NFT trade + Metaverse games + Fan economy

Music NFT is the best product to build community consensus. Because every established musician has millions of fans and through NFT, they can turn their songs into music NFTs and sell them in limited quantities , or share a portion of the royalties with their fans. In addition to their music, musicians can also make NFTs based on other art and cultural derivatives, such as some commemorative videos, unreleased demos, classic posters, or concert tickets. On the one hand, it would dramatically diversify the existing income models for musicians while on the other hand could greatly motivate more proactive participation of fans who hold music NFT.

Despite these advantages, the entire NFT industry faces a problem: those who pay for scarce music NFTs are usually not true music lovers, but speculators. Most NFT investors want nothing more than to make quick profits through speculation. Such a “sell-and-exit” approach, which is common even among top artists, seriously affects the value of music NFTs and causes heavy losses to fans. How to truly serve music creators is the direction Voice Street Labs is currently exploring.

About Voice Street

Voice Street is a lab dedicated to bringing music to the world of Web3 and further functioning as an on-chain infrastructure for the Web3.0 music field. Releasing NFT alone will not bring long-term, sustainable revenue to musicians. Therefore, the company focuses on the deep development of musical works and seeks to help musicians in a more systematic way, from production (NFT trading platform) to distribution (IMO) and to subsequent operation (Metaverse music games, Metaverse concerts, DAO fan communities of musicians, live houses, NFT game props, IP of prominent celebrity images, NFT license sales). Voice Street enables broad-based development of the derivative value of music IP in a comprehensive way that enables mutually beneficial interaction between celebrities, music creators, artists and their own fans, and maximizes the value of NFT copyright and the rights of NFT holders.

Up till now, Voice Street has gradually developed three segments: music NFT, music games and music metaverse.

Music NFT

The Music NFT sector includes the NFT Trading Platform, Initial Music – Copyright Offering (IMO), and the Earning function that serves IMO.

Voice Street has developed an NFT trading platform. Musicians can use the NFT creation tools provided by the platform to generate music NFTs in a one-stop store and trade them on the platform. The platform provides an on-chain royalty revenue sharing scheme and uses a reviewing system to select musicians to be included on Voice Street. Fans can buy and invest in the NFT products of their favorite musicians.

Voice Street is also the first company to offer IMO – Initial Music Copyright Offering. This is a way for musicians to split their copyrighted music NFTs into multiple clips and tokenize them. With the funds they receive through IMO, musicians can then promote and distribute their songs and even share a percentage of the revenue with token holders.

The Music Fan Earning feature is a great way to upgrade the rights of loyal fans of musicians. Fans can use it to support musicians with the IMO tokens they own and earn rewards at the same time.

In this way, Users will be able to purchase copyrighted IMO song tokens on the Voice Street platform, receive revenue from trading the song through staking, and decide on the future operation of the song through voting in the DAO community.

Music games

Voice Street seeks long-term, mutually beneficial partnerships with music creators. This requires it to be able to provide adequate derivative services. Voice Street has developed a Metaverse music game called Ark of Panda, in which ordinary music-loving players can buy NFT instruments and form bands with like-minded friends. players can also work part-time, participate in Music Road, Pet Music Ball, Rhythm Master, and Big Lots, and interact with each other and players from around the world. Meanwhile, musicians get together to play for their dreams, hold online concerts, gradually own and grow their fan DAO community, tour the world in the game, and earn VSTs by releasing their famous records.

Daffy Panda Ganging Up (DPGU) is the only pass to participate in the game. DPGU owners can not only try the game for free, but also invite other players and benefit from successful referrals – 5% of the referee’s earnings in the game will go to the referrer.

In addition, owning a DPGU offers many other benefits, such as free concert attendance forever, a unique DPGU image in the community, and only DPGU owners can mint the original land acquisition certificates.

Details about the game can be found at the link.

Music Metaverse

The Meta Universe Concert will provide a platform for musicians to interact with their fans online. So far, Voice Street has already collaborated with over 30 musicians who have millions of fans worldwide. They will soon begin their Meta Universe Concert celebration.

During the concerts, there will be a gift ranking for fans, and depending on their placement on the list, corresponding rewards will be given. To buy gifts, users need to spend IMO tokens, and depending on fan value, you can receive a blind box. There is also a possibility to get a number of exclusive NFTs (collector’s edition NFT, song poster NFT, song NFT and MV NFT, etc.).

Voice Street builds a live house music space-Land, where musicians can host private parties and interact with their fans via audio call. Also, fans and players can create their own NFT brands, buy properties and houses, build bars and museums, and even live near their favorite stars. As long as you own a DPGU, you can create your own Metaverse world.

Project Background

Voice Street has already received $3.5 million fundings from Shima Capital, Huobi Ventures, AU21 Capital, Dragon Roark and others.

The recently released video of the Metaverse game shows that VS has a strong team in game development. Ark of panda is a next-generation style game based on Unity 3D. Being a virtual reality game, it refers to the cyberpunk style when designing its game. The game graphics use a 3A-level graphics rendering engine to achieve a real-time ray tracing system, thereby achieving ultra-clear next-generation graphics effect and a cool music game atmosphere. Game strategist Allen Yan was the founder of Spade 9 LLC and the Director of Marketing at Asian Gaming Ventures (AGV). He has more than a decade of experience in game marketing and promotion.

In the music industry, Allen Tan was the former general manager of music artist management at Warner Records Global,the former general manager of EMI Records. Jason Stelzel was also a music composer at Warner Bros and previously worked as a senior consultant for XPlatform Consulting.These music veterans are experts in the music market and have a keen eye for selecting qualified musicians and great music work.

The Future

Voice Street aims to serve as a bridge between fans and musicians. This goal is more ambitious than that of other music NFT platforms. In the future, Voice Street will develop more Gamefi games and Socialfi applications based on music. In addition, Voice Street will establish a musician incubation program to help new musicians realize their dream of being on stage and to promote interaction between music creators and fans, which can be profitable for both sides.

Voice Street is building a huge on-chain music Web3 infrastructure. It relies on NFT and its property rights to motivate independent musicians, music projects, and brands to participate in creating music NFT, and to benefit the community, fans, and all contributors.

What will Voice Street look like when all these plans come to fruition?

Company Name: VoiceStreet
Website:https://voicestreet.org

As the outbreak and Ukraine, war continued, the global geopolitical and geo-economic will face unprecedented volatility and disaster, as the Internet, blockchain, such as the high-speed development of science and technology, the world’s information transparency will gradually clear, under this big change in one thousand, the world’s order will be a major change, geopolitical broken will be the first on the agenda.

Door Block DAO, or DBD for short, is an investment incubator DAO organization jointly initiated by Capital Advisors (RBR), the largest hedge fund in Switzerland, and several senior people in the field of philosophy, technology, and economy. The DBD team believes that:

If geopolitics wants to break the game, it needs to attract talents, and if it wants to attract talents, it needs to keep opening up. In this way, geopolitics should tilt towards freedom and provide a good enough living and business environment to attract talents from all over the world. At this time, the interests of people in the Web world will form a new “tribe” Web world. When the traffic is gathered, new economic rules and financial order will be formed for the industries related to interests and hobbies.

Led by this advanced understanding, DBD targets the DAO.

DAO stands for “decentralized autonomous organization” — it refers to an Internet community that has emerged around a cryptocurrency project or a common financial goal. It is important to note that while DBD already has DAO, the DBD’s DAO is not managed by the DBD team, and theirs only provides the initial funding to start the DAO.

DBD’s choice of DAO means that through such an organizational form, collective intelligence can be fully utilized to assist the work, and DAO members carry out ecological governance through voting. In this organizational form, DAO members can express their opinions and make decisions through voting.

Again, this also means that the governance efficiency, DAO blockchain technology as a cornerstone, blockchain technology especially in the point-to-point connections, to trust, transparency, and intelligent contracts for features, greatly reduces the management cost, to avoid the risk of moral hazard and adverse selection problem formation, the strong organization ability, let the scattered individual efficient working towards a goal.

It can be the best or the worst of times. The historical development is rolling forward. Today, we have reached the draught of great change. Under the changing background, DBD will always hold a friendly attitude and actively explore new things. DBD will also continue to adhere to the web.3 models and make explorations in Metaverse, NFT, DAO autonomy, and other fields. DBD will give DAO members more autonomy rights and build a more fair and democratic autonomy model. Break out of geopolitics and be the first proponent of new financial models.

As an emerging governance model, DAO has been more popular and accepted by young people with a “Fairer” economic model, a “more Reasonable” control logic, and a “more Transparent” financial and decision-making process system.

In recent years, NFT has become a hot word in the circle, attracting many young people to enter the Cryptocurrency world. Compared with the auction price, it is obvious that the value of its confirmation of rights is more attractive to the development of the universe and GameFi.

In addition, DeFi has always been the basis of many current Web3.0 projects. It is more authoritative to set contracts in the form of protocol and execute them in code, which embodies the spirit of blockchain and truly realizes the elimination of default and disputes.

Recently, Door Block DAO, an investment incubator organization jointly initiated by Capital Advisors (RBR), the largest Hedge fund in Switzerland, and many senior people in the field of philosophy, technology, and economy, combined the three. Using its original DeFi+DAO+NFT mechanism model, attracted the attention of many people.

DBD itself with its spirit of fair and democratic core, unique operation logic, and reasonable token issuance mechanism to expand the mechanism as the foundation of the project, seize the latest and most popular young track as the entry point of organization, such a business philosophy will lead DBD to become a giant in the industry.

The DBD team stated that their mission will always be to build an industry-financing self-running incubator Dao organization. It is committed to making the kindness of human nature the driving force of economic operation, facilitating the continuous development of the meta-universe, promoting the transformation of world civilization, and being a pioneer in the digital era. To this end, DBD will make extraordinary efforts to return results to the world.

Investing is more than a judgment call. Many times, you need a judgment call. 10 years ago, no one believed bitcoin was the best investment, they missed the opportunity of wealth freedom, 5 years ago, no one believed Ethereum was the best investment, they missed the king of the public chain, a year ago, no one believed Dogecoin was the best investment, they missed a hundredfold growth. Now I tell you DBD is the best investment, are you still hesitating?

There is a saying in the crypto industry that 2022 will be the leap year of DAO. DAO has come under the spotlight of the crypto world.

As people discovered the crypto world, Ventures DAO started to shine, attracting KOL’s attention. For example, Mark Cuban, a billionaire entrepreneur, has called “DAO” the ultimate combination of capitalism and progressivism. One of the oldest venture funds in the world, Sequoia, is launching a DAO. A16Z, a venture capital firm, has millions of funds allocated to DAO.

DAO is a significant innovation in crypto. Venture DAO enables retail investors to participate in the early stage of a project. Ventures DAO is a community-governed group seeking to invest the community’s combined capital. Ventures DAOs stand out from traditional investment vehicles because they are transparent with decisions making. DAO is bringing its impact to all the Web3 products.

Ceres, the Goddess of agriculture, grain crops, and fertility, symbolizes abundance in Greek mythology. Ceres DAO, named after Ceres, hopes to bring value to all investors.

Ceres DAO is a decentralized digital asset management protocol empowered by Web 3.0. Ceres DAO’s mission is to bring decentralization and transparency to asset management. Ceres DAO has a standardized Defi asset investment model to provide unmanaged and decentralized crypto asset management services, which help to mitigate the risk of Defi. Investors can enjoy the return without the exposure to volatility and the need for active management.

Ceres DAO adopted dual tokens economic model similar to weighted voting right in the traditional capital market. It has two tokens, namely, CES and CRS. CES is the voting-right token, while CRS is the non-voting-right liquidity token. Users can obtain CES through minting, while CRS is obtained by staking, secondary market, or CES-CRS conversion. Each DAO or Node has its exclusive NFT (Rich Panda’s series), NFTs, and their DAOs or nodes’ rights and benefits can be freely transferred. (note: DAOs enjoy the benefits of nodes.).

According to the Ceres DAO protocol framework, CES can be minted through VC Pool or Bond. 50% of the assets will be channelled into the Ceres DAO Treasury. Up to 1 billion CES is minted in one day. Treasury is the crucial component of the Ceres DAO protocol architecture. It consists of a pool of strategic investment assets representing the vision of Ceres DAO.

Ceres DAO Treasury adopts the “Beta” investment strategy initially. Ceres DAO will allocate its fund to the top-class crypto assets, generating revenue through the Defi lending protocol or asset appreciation.

Warren Buffett is known as one of the most successful investor in the world. Each move he makes affects the global trend of the capital market. He has created countless millionaires and expanded the capital by more than 30,000 times in half of a century. One financial scholar wrote a paper titled “Buffett’s Alpha”, to describe the brilliance of Warren Buffett’s investing ideology.

Ceres DAO is committed to discovering, investing, and incubating projects with great potential. By building a comprehensive ecosystem and combining the resources from various fields, Web3 startups can grow better.

Through the community’s growth and the crowd’s wisdom, Ceres DAO will be able to participate in startups with great potential. It generates revenues and provides high dividends as a result. As the Ceres DAO’s ecosystem grows, the number of DAOs and nodes increases and the ecosystem’s security also improves. Together, the community creates a better blueprint for Ceres DAO.

Ceres DAO is aimed to become the world’s largest decentralized digital assets management protocol and the “Berkshire Hathaway” of crypto industry.

Building Web3.0 venture ecosystem：

1、Website：https://ceresdao.finance

2、Twitter：https://twitter.com/CeresDAO

3、Telegram：https://t.me/CeresDAOofficial

4、Discord：https://discord.gg/ceresdao

5、Youtube：https://youtube.com/channel/UCY9nL_ndhUmGO7NL4dE-lnQ

6、Medium：https://medium.com/@CeresDAO

7、Document：https://ceresdao.gitbook.io/ceres-docs

8、Email：cerespunk@gmail.com

As DAO (Decentralized Autonomous Organization) is predicted to be the next “Big Wave,” the idea of “DAO” has attracted the attention of the investors such as the founder of Space X, Elon Musk, venture funds, Sequoia, and the billionaire Mark Cuban.

According to Deepdao data on Dec. 30, 2021, more than $11.5 billion in crypto assets and nearly 2 million members are managed by 188 DAOs. DAOs come in various sizes, including but not limited to ventures, social media, and charity. There are 56 DAOs with a market value of more than $1,000,000, accounting for 33.9% of the market share, and 8 DAOs with a market value of between $500,000 to $1,000,000, accounting for 4.8% of the market share. Amongst all of the DAO, the crypto venture is one of the most important tracks of DAO. It has become the new norm of linking investors and projects seeking funding.

Pitango, one of the leading venture capital from Israel, launches a DAO to manage its investment in Web3. Pitango has over 3 billion assets under management and over 250 companies in its profile. It is one of the most promising venture capital in Web3.

Sequoia India and Southeast Asia have launched two new funds, a $2 billion early-stage venture and growth fund for India and an $850 million dedicated fund for Southeast Asia, both targeted on the projects on Web3.

Despite Defi’s explosive growth, it has some problems within. For example, centralization leads to a high threshold, which prevents smaller institutions and retail investors from entering the market. Retail investors rarely have access to all the essential information compared to institutional investors with more connections and crucial information. This information gap causes enormous selling pressure during the early stage of a project. Investors transitioning from the conventional capital market to Defi must entrust their assets to a centralized governance body, which is associated with the risk of transaction and regulation.

DAO is a significant innovation in crypto. Venture DAO enables retail investors to participate in the early stage of a project. Ventures DAO is a community-governed group seeking to invest the community’s combined capital. Ventures DAOs stand out from traditional investment vehicles because they are transparent with decisions making. DAO is bringing its impact to all the Web3 products.

Ceres, the Goddess of agriculture, grain crops, and fertility, symbolizes abundance in Greek mythology. Ceres DAO, named after Ceres, hopes to bring value to all investors. Ceres DAO is a decentralized digital asset management protocol empowered by Web 3.0. Ceres DAO’s mission is to bring decentralization and transparency to asset management. Ceres DAO has a standardized Defi asset investment model to provide unmanaged and decentralized crypto asset management services, which help to mitigate the risk of Defi. Investors can enjoy the return without the exposure to volatility and the need for active management.

Ceres DAO adopted dual tokens economic model similar to weighted voting right in the traditional capital market. It has two tokens, namely, CES and CRS. CES is the voting-right token, while CRS is the non-voting-right liquidity token.

Users can obtain CES through minting, while CRS is obtained by staking, secondary market, or CES conversion. CES can be converted to CRS at a 1:1 ratio. There is a 20% transaction tax during the conversion of CES to CRS and allocated as follows: 10%: Treasury; 5%: LP pool (converted into stablecoins and matched with CRS token for LP); 5%: Commission (2.5% for CRS buyback-burn and 2.5% for operations).

According to the Ceres DAO protocol framework, CES can be minted through VC Pool (mainstream asset: BTC, ETH, BNB, FIL, etc.) or Bond (USDT, USDC & BUSD). 50% of the assets will be channeled into the Ceres DAO Treasury. Up to 1 billion CES is minted in one day.

CRS can be yielded by both CES and CRS staking. Daily CRS maximum output is 100 million. If the output of staking is less than 100 million, the remaining CRS will be burnt.

Each DAO or Node has its exclusive NFT (Rich Panda’s series), NFTs, and their DAOs or nodes’ rights and benefits can be freely transferred. (note: DAOs enjoy the benefits of nodes.). Fund collected during NFT minting will be distributed equally to the Treasury (50%) and royalty fee/tax (50%).

Treasury is mentioned multiple times in the article above and is the crucial component of the Ceres DAO protocol architecture. It consists of a pool of strategic investment assets representing the vision of Ceres DAO. Ceres DAO Treasury adopts the “Beta” investment strategy initially. Ceres DAO will allocate its fund to the top-class crypto assets, generating revenue through the Defi lending protocol or asset appreciation.

As the Ceres DAO community continues to grow, and with the involvement of DAOs and institutions, Treasury will actively apply the “Alpha” investment strategy under DAOs governance and maximize the returns through asset appreciation.

As Treasury continues to grow, it encourages users to participate actively in the Ceres DAO ecosystem through CES staking. 80% of the Treasury’s revenue is distributed to CES stakers, 10% to the top 50 DAOs, and 10% to operation.

There is an endless opportunity for Ceres DAO. Ceres DAO’s tokenomic and DAO governance system have massive potential to become a phenomenon in Defi.

Ceres DAO is focused on DAO investment management protocols, with decentralization as the core concept, creating growth technology and funding for new quality projects and rebuilding community trust and security, breaking the monopolistic investment structure and unequal pattern of institutions and capital, and ensuring fair access to public infrastructure for all, making quality projects truly transparent, fair investment and greater returns.

As the Treasury continues to grow in value, and with the higher return on investment, the community is motivated, and thus the healthier the Ceres DAO’s ecosystem.

Ceres DAO is committed to discovering, investing, and incubating projects with great potential. By building a comprehensive ecosystem, combining the resources from various fields, Ceres DAO is aimed to become the world’s largest decentralized digital assets management protocol and the “Berkshire Hathaway” of the crypto industry.

Building Web3.0 venture ecosystem：

1、Website：https://ceresdao.finance

2、Twitter：https://twitter.com/CeresDAO

3、Telegram：https://t.me/CeresDAOofficial

4、Discord：https://discord.gg/ceresdao

5、Youtube：https://youtube.com/channel/UCY9nL_ndhUmGO7NL4dE-lnQ

6、Medium：https://medium.com/@CeresDAO

7、Document：https://ceresdao.gitbook.io/ceres-docs

8、Email：cerespunk@gmail.com

Founded in February 2021, Qicai Community is a one-stop service community focusing on blockchain, which was founded by a group of digital asset enthusiasts led by Ringer, a big cousin. It is committed to building a world-class blockchain service platform, focusing on the operation, construction, and development of blockchain in China and overseas markets. Its business covers community construction and maintenance at home and abroad, AMA, twitter space, financial media, KOL, event planning and implementation, and a series of services.

 

Our advantages: 1. We have more than 500 excellent community leaders and more than 300000 community members, 2. We have tens of thousands of Twitter fans, exclusive communities /discord/ telegrams, and KOL resources at home and abroad; 3. It has long-term cooperative relations with various project parties, exchanges, and financial media, and enjoys a good reputation in the industry.

 

Qicai Community has always adhered to professional service quality, integrity-based, never forgetting its original intention, and contributed to the development of the global blockchain industry. Qicai Community has always adhered to the concept of becoming a high-quality blockchain industry solution provider and is committed to building a better blockchain ecosystem. It provides users with more personalized solutions that can meet their actual needs and has achieved a good market reputation. So the brand influence is increasing.

 

We have always attached importance to user experience, achieved perfection in work details, listened to customers’ voices, gave them what they needed, and provided them with more high-quality and complete blockchain services. In the past, Qicai Community has made many explorations and attempts in the field of blockchain, carried out many successful project publicity, community services, AMA, and built a multi-level and multi-dimensional new media matrix and community platform to ensure the continuous exposure of Qicai Community brand. In addition, the continued cooperation between Twitter and NFT projects, as well as the cooperation between domestic data collection platforms, have also received full praise.

 

Over the past year, we have continuously optimized and upgraded, found the most suitable brand positioning, and continuously output more high-quality services. Looking forward to the future, we will continue to maintain our original intention, constantly improve our existing business, and achieve the best customer service. We also look forward to cooperating with more projects at home and abroad. We will effectively serve our customers and work together with our partners to continuously explore the market.

Qicai Community-related links:

Twitter: qicai77

Discord: https://discord.gg/75zAkmZqf8

Btok: https://ss.transgot.cn/qicai77777

Telegram: https://t.me/qicai77777

In the 17th century, tulips were very popular with the Dutch upper class. In 1635, a tulip could buy ten cows and even a building, which was the equivalent of a person spending 40 years eating and drinking just for one flower. But by 1637, the price of tulips had plummeted, and a tulip now cost less than a potato.

This was the tulip bubble 500 years ago. Some say NFT is the tulip of the 21st century.

The Bored Ape bought for $2.4 million in NFT is just an ugly monkey. Whether you’re a new or an old one being rug-pulled, there’s always the question of why NFT’s price is so outrageous. So why is NFT so expensive?

Let’s talk about NFT from two aspects: price and value.

The Bored Ape issue price is 0.08ETH and the highest price is 147 ether 1800 times! It was revealed that Bored Ape’s parent company, valued at $4 billion, had revenue of $138 million in 2021. In this way, the Bored Ape is the Monkey King of NFT.

Looking back at the history, we will find that the same is true of Ether Cat in 2018. At that time, this cat was also very expensive, with a transaction price of more than 200 ETH, which is very popular. But later, there are various pet imitation plates, cryptorabbit, Minute cryptodog, and so on. The Ether cat was born at the wrong time, and now NFT is popular, and the Ether cat is on the decline.

Jay Chou, JJ Lin, Stephen Curry, Li Ning, Greenland, and Birelaxed have all spent a lot of money to buy the Bored Ape. Many people have analyzed the reasons for the popularity of the Bored Ape from various aspects such as culture, community, and so on, but their analysis articles fail to see the essence. The most important reason for the success of a Bored Ape is only one, using big money and pull-up the price.

This move in the early period cost is not high. Take goblin for example: Its first day of trading was just over $2 million, even though every deal was stock operating left-handed to right-handed and Openseas’ trading fee with GAS fee adds up the total only $670 thousand, such costs on a third-rate exchange is not enough. But in this case, project floor price steadily increases, and trading volume is also getting more.

It is not difficult to find traders with a very low cost to complete the pull-up and marketing campaign. After the floor price rises, traders make use of the FOMO emotion of the public to make them buy craziness. When you see the demonstration effect of the soaring price, you fall into a frenzy. Then the project party will again stock operating, publicity stunt, and rug-pulled.

In fact, artistic value, community power, application scenarios, and social attributes, are just marketing tools used to confuse the public, all marketing is just foreplay to the sickle of capital. Like tulips in 17th-century Holland, the price of a scarce commodity is inflated by publicity stunts.

If you ask me again is the NFT a bubble?

I’m going to tell you, yes, it’s a bubble, but in fact, bubbles are not that bad, because the tulip bubble brought options innovation to financial markets; while the NFT bubble is inflating, the whole industry will continue to develop and innovate, and if we can follow the trend of the bubble inflating trend before the bubble burst to make a profit, is it not sweeter than the Tulips?

In addition, NFT is not a flower that has no practical effect except good-looking and showing off wealth. Based on the unique irreplaceable characteristics of NFTs, its actual value lies in the application of NFT in GameFi, DeFi, WEB 3.0, DAO, and Metaverse. In short, the future of NFT must no longer be about ugly pictures and publicity stunts, but about artistry, scarcity, and practicality, thus bringing real value to the world.

As we all know, the most afraid of art is fake or piracy, but the cost of counterfeiting is very low. Starting 30 years ago, it has been easy for ordinary manufacturers to replicate a LV bag, and we are not yet talking about the high-tech counterfeiting technology nowadays. But if you want to build a fake NFT, you have to be able to modify the world’s countless computer records in a second. So, the possibility of a fake NFT in the real world is almost zero. This is because of the use of blockchain technology, natural anti-counterfeiting, and security traceability, these can be called perfect.

Anti-counterfeiting is a great application of NFT, fake tickets that appeared in this year’s champions league final, caused many bought tickets for true fans attending, and fans clashed in the admission process and the police, the police used tear gas against the fans. Let’s think about it, if the tickets used the technique of NFT, there could be one less bloodshed.

Similarly, if your boyfriend gives you a LV bag and you don’t know if it’s real or fake. In case the counter won’t do an appraisal for you, or you can take it to a secondhand shop appraisal, but in case it is false… But if LV has a NFT technology, you can scan your phone to see whether it’s real or fake, and counterfeiting is completely impossible. So now it’s easy to disclose those scumbags and in the circumstance, you may give him a bloody incident, let him become an EX.

In addition to anti-counterfeiting, NFT has the application value of confirmation. What is affirmatory authority? The house that you bought can have a house deed and this is affirmatory authority, the meaning is to use the safety that assures oneself rights and interests and truth.

However, the house is a thing in real life, even if your community developer went bankrupt, and did not get the property ownership certificate, the house will not be stolen away. Works of art, however, it is difficult to be like this. The original paintings and novels are easy to copy. But the NFT can solve this problem at low cost, make every painting in the blockchain on the smart contract, just like everyone has a unique identification number, lock the creation and hold relations directly, combining NFT tokens properties and it turns a work of art into a digital asset, and any asset can be traded, do publicity stunts and appreciated. Therefore, NFT plays a very active role in the trade of works of art and copyright protection.

In addition to artwork, NFT can also give a person’s identity, experience, and credit to confirm their rights. Your talents and your reputation can all become assets through NFT, and can even be traded. Through this, you can bridge the real world and the virtual world, which is called the metaverse. The value and application of NFT and all sorts of other things mentioned in the marketing numbers are just a test run. The Metaverse is where NFT comes into its own because NFT is so important to the property rights and social identity of the Metaverse.

NFT and houses and quite the same (if there is no real estate speculation), NFT should be used well, rather than for publicity stunts. If the capital market does not have publicity stunts, the trendiest concept of NFT, it is simply like a priceless treasure, therefore outside the circle of the various style stars enter the harvest, and that’s why a piece of the picture is more expensive than a house happens

The tulip is still the national flower of The Netherlands today. Although some people say that NFT is a scam, it is not the NFT that is deceiving but the scam itself, which could be either NFT or MFT if it can be. The real scam is everyone’s greed and ignorance.

Original video’s links:

Website: https://www.0x90.club/post/is-nft-a-scam-what-is-the-essence-of-the-sky-rocketing-nft-price

YouTube: https://www.youtube.com/watch?v=rjHxTmSHZIA

Medium: https://medium.com/@danslahm/danslahm-video-is-nft-a-scam-what-is-the-essence-of-the-skyrocketing-nft-price-a13e8cadfe6e

Twitter: https://twitter.com/0x90_Official/status/1544190682885398528

Bilibili: https://www.bilibili.com/video/BV1f34y1H7Lw?spm_id_from=333.999.0.0

Zhihu: https://www.zhihu.com/zvideo/1525247761469804544

Weibo: https://weibo.com/u/2755094997

Xiaohongshu: https://www.xiaohongshu.com/discovery/item/62c54dbe0000000006032dbf?share_from_user_hidden=true&xhsshare=WeixinSession&source=NotePost&appuid=5cb3fe3c0000000010023736&apptime=1657097668