NFT has been closely integrated with the digital art field in the early days to today. It has become a very diversified and innovative track. With the resurgence of the concept of "Metaverse", there are also companies like LV, Porsche, Ali, Tencent and other traditional brands are testing the waters, and NFT applications are gradually moving towards a larger system. Since its birth, the debate on the value of NFT has never stopped, but we need to believe that when we collide and explore more application scenarios and more value realization paths of NFT, we can better understand the bigger room for imagination.

Blocklike invites KAKA Rabbit, an upgraded version of Metaverse Key with encrypted avatar function launched by the KAKA NFT platform, and Ta's friends to enter the "Planning Room" live broadcast room to discuss how the combination of digital assets and traditional assets can bloom. The charm of dual-track value, the following are some excerpts of the roundtable topics and wonderful speeches of the guests:

The value gap between digital assets and digital assets

There is an interesting phenomenon. A few days ago, a very popular picture was circulated in the community. Several pictures worth tens of millions

The NFT avatar of CyptoPunk is printed on a sweater, and the price of this sweater on Taobao is 178 RMB.

Regarding this phenomenon, Michael, the live broadcast guest and head of the Greater China market of the A16 trade union, said: NFT and GameFi are currently very narrow fields, no matter whether it is the Internet industry or other industries, there are always some marginalized ones. Power to promote development and progress. In terms of information, bottom layer, technology, etc., there is an opportunity to break the circle. From the perspective of breaking the circle, this phenomenon may be a good thing, and the NFT team may also need to think about how to use authorization to cooperate with such marginal forces to develop NFT into the real world and carry out the circle to the end. This does not hinder the value of NFT decentralization, but allows more audiences to understand NFT. Of course, compliance is a necessary prerequisite. The bad side is that the behavior behind the above phenomenon is suspected of piracy after all, which has a bad guiding direction for the value of NFT.

Congge, the image ambassador of KAKA NFT WORLD in China, said that the current situation in the encryption industry, such as CyptoPunk, Loot, or other encrypted avatars, after the holder purchases NFT, the rights and interests are not fully reflected. Theoretically, the holder already owns For the exclusive genuine copyright of this NFT, if there is an authorized channel, they should authorize the merchants to make derivatives under the copyright, so that the encrypted avatar can exert greater value. But in fact KAKA Rabbit has a solution to this phenomenon. First of all, KAKA Rabbit has the most basic attribute of encrypted avatar, and secondly, it has the function of KAKA Metaverse Key, that is, through this key, you can obtain various KAKA NFT WORLD The last and most important value of membership rights (airdrops, mining income, etc.) is that KAKA Rabbit can authorize the production of its peripheral derivative products, so that holders can obtain the income share generated by the above authorization. This combination of multiple rights and interests can solve the above-mentioned problem of the large gap in value perception between inside and outside the industry.

Tina, the co-founder of 8090 Club, said that traditional IP authorization still has a relatively high authorization fee, which is a relatively mature market, and also hopes that the industry’s IP can be combined with traditional IP, such as the blind box cooperation of Bubble Mart form, to drive more rich economic models for the project.

The core of the views of the three guests is to hope that the NFT teams in the industry can think through these phenomena. How to make NFT and its derivatives have a more positive development also requires everyone to think about how to make and let the holders The NFT of the owner has more ways to reflect value. The industry needs some innovative teams to promote the unified link between traditional value and encryption value.

The way to reflect the value of NFT and the practical difficulties

There are many discussions about NFT in the industry, and one point of view has been raised many times. Most of the current application scenarios of NFT are on the avatar accounts of social platforms, which are essentially JPG transactions. Combining, for example, digital identities can be used in the metaverse world will bring greater application scenarios and value. Regarding this point of view, the guests present put forward opinions from many different dimensions according to their own fields and experiences.

Yang Daxia, the first-level investment manager of BTX Capital, said that the NFT project of Rongbaozhai she participated in is a good case. In fact, the operation of this project has not been separated from the real "Rongbaozhai IP". , is actually Rongbaozhai’s delivery voucher, which is developed by NFT based on the offline physical scene. The physical value is actually the value corresponding to the NFT, but this is different from the original NFT value system of the blockchain.

KAKA Rabbit’s signing ambassador, aya, pointed out that Metaverse urgently needs NFT as an identity marker, which can connect the social value of NFT with GameFi and Metaverse, and allow the holder’s NFT encrypted identity to be fully displayed.

Another point of view of guest Michael is that NFT generated through games may actually be the easiest to circulate for a long time in the future. Many game organizations will develop many NFT identities through game engines, which will be distributed on different chains. Shuttle can also be exchanged with the holder's own NFT identity. This idea is actually very advanced, and there are many opportunities for implementation in the future. At the same time, the story of the metaverse is needed to promote the growth of NFT. NFT can be used as a stable circulation asset like USDT.

Everyone hopes that NFT assets can be combined with real assets to a certain extent. Whether it is revenue bundling or physical product bundling, it can contribute to the development of Metaverse in terms of application landing and usage scenarios. However, there are actually certain difficulties in the process of realization, including the big manufacturers of testing NFT, such as Ali and Tencent, will encounter the problem of the ultimate ownership of NFT. At the same time, like the future world shown in works such as "Out of Control Player" and "Ready Player One", the different identities of NFT players need to build a relatively complete infrastructure to fully reflect them. The current Web 3.0 infrastructure cannot To fully realize the efficient transformation of this kind of virtual identity assets, there may be more solutions in the future to make the value of NFT higher, and games may be the easiest to implement.

About the relationship between NFT liquidity and value

In the field of NFT, many teams will design different gameplay and economic models in order to make NFT more valuable and liquid, such as NFT fragmentation, NFT synthesis, NFT used as props in chain games, etc., and KAKA Rabbit chose digital assets A model that runs parallel to the dual-track value of physical assets.

The guest Michael mentioned that he had participated in the operation of the exchange. In the NFT field, the first thing he thought of was to be an NFT trading platform, but he actually found a very common problem. In fact, the liquidity or turnover rate of NFT It is not comparable to exchanges on other tracks. What is very different in this field is that the combination of NFT and traditional art collections has very limited liquidity, even if it is fragmented. But in the game, NFT may not generate trading behavior, but it can be used in different metaverses, and its price has nothing to do with trading behavior, which is a very interesting phenomenon.

The guest congge also mentioned that NFT was created to solve the liquidity of physical assets, such as works of art, real estate, etc. It carries some higher value attributes, and is similar to the NFT of virtual idols. It carries time Costs, labor costs, power costs and even PR costs, the transactions between them are value conversion transactions, not purely digital currency transactions. The future tradition may start with value and technology.

Therefore, NFT must have liquidity, but it may not need to have high liquidity, because it has value in itself, and its value does not need to be reflected in transactions. NFT is the bearer of value, but it has changed many people's understanding of a physical object. understanding of value.

The imagination space of NFT dual-track value

KAKA NFT WORLD is an NFT card game platform jointly developed by game teams from China, Japan and South Korea. It is hoped that through NFT technology, encrypted assets can be exchanged between the virtual world and the real world. KAKA Rabbit is the latest product launched in this direction. The guests also had a lot of opinions about the value exchange of these two events.

Congge mentioned that the essential difference between KAKA Rabbit and other encrypted avatars is that many encrypted avatars are industrial products, and KAKA Rabbit is an art product because its avatars are hand-painted by different artists and has a certain artistic value. Combined with the value of the real-world economic model mentioned in the first topic, if the NFT is not sold, the holder can enjoy the continuous income brought by derivatives forever, and even allow other people to invest.

Guest Tina said that she has done a research report on KAKA Rabbit. She noticed that some highlights of value transformation are that KAKA NFT WORLD has a large number of IPs, which can be deeply bound to the original value of these IPs when applied to KAKA Rabbit. At the same time, physical assets The income model can provide non-holders with another investment method. In terms of marketing value and social value, it can realize the value conversion of IP+NFT.

The biggest charm of the dual-track value for many people is that the copyright belongs to the NFT holder, and the income right still belongs to the NFT holder, while the project party is actually an asset custodian, helping the holder to complete the operation and value development of NFT. The benefit of NFT does not lie in changing hands, but in the accumulation of value.

The guest Michael shared that in a field, there is great potential for ways to speed up the flow of funds and information. In the future, there will be certain market opportunities that can form the value of assets.

Of course, there are still some difficulties in realizing the dual-track value. Whether it is the operation of a company similar to an asset custody institution, the superposition of NFT’s own value, or the sales channel of NFT extensions, it is all challenging. We also hope that more and more teams will join in the industry. In the future, from the perspective of digital assets and physical assets transformation, we can improve data storage, technical direction, operation and other aspects, so as to promote the implementation of NFT's more diversified imagination.