Author: Spike
Original editor: Jerry
Editor's note:
Editor's note:
ThePrimedia (First Guide) jointly launched the "Multi-Dimensional Symbiosis" series of AMA live broadcasts with the FORSIN community. Among them, "The Way of Knowledge" and "The Way of Connecting" ended last week, guiding a large number of crypto ecosystem builders about Discussion on how Web3 integrates with virtual technology, changes production relations, and reshapes economic culture. Today (July 27th at 21 o'clock) "The Way of Exploration" focuses on introducing the new model of the creator economy, discussing how to give content consumers a better experience in the web3 era; "The focus is on the global operation of Web3, the differences between domestic and foreign WEB3 markets, and the advantages and disadvantages of Chinese projects in the WEB3 field.
Based on the AMA theme discussions, ThePrimedia will select the core elements for supplementary interviews, follow-up reports, and form a series of "multi-dimensional symbiosis", so stay tuned.
————————Jerry, founder of ThePrimediaPFP is booming
, NFT urgently needs to be reshaped!PFP is the climax of the NFT carnival, but it will not be the end of the feast. It is Yuga Labs' "BAYC" that took the lead in the PFP heat wave. Since April 2021, "Boring Ape" has reached its peak when it debuted, directly surpassing the former overlord "BAYC".Cryptopunks
", with the strongest NFT ecology and community to directly enshrine the gods. However, under the gloom of the bear market, NFT can be described as tragic-in the past month, the transaction volume of Ethereum NFT has dropped by as much as 55%, and the average selling price has dropped by as much as 71%. At a glance, NFT is devastated.
Although NFT is declining day by day, launching an innovation to save NFT will give our souls a place to live. In this infinite game of upgrading and fighting monsters in life, private property needs to be stored in the most information-intensive way and put into the information space, turned into a digital equipment package, and equipped with a core of mental slices, so that you can roam DeSoc without distraction Hold NFT to lead to various interstellar worlds.
PFP is part of NFT, but not intrinsic to NFT. The path of NFT has at least: PFP, streaming media (audio and video, image), NFTfi, artwork... more subdivisions such as the virtual digital human developed by VOKA AI, the digital space service provided by Desert Space and the NFT created by Wormholes Full-stack solutions and so on will come from behind and become potential players in various subdivided tracks. On the way to DeSoc, it is necessary to integrate NFT and various Token mechanisms, DeFi applications, and DAO in a high-dimensional way.
Such efforts are underway - taking the public chain WormholesChain as an example, the circulating NFT can be easily minted at the chain layer, and the contract layer is also compatible with all NFT functions, so that any user can quickly create a trading center like Opensea with one click and mint at a low price , circulation, and gas-free transaction NFT, truly rely on non-homogeneous characteristics to build DeSoc's building, rather than just watching the sky in the narrow well of digital collections and avatars.
When NFT falls into DeSoc, when multi-dimensional symbiosis becomes the breeding ground for a new ecology, virtual technology needs to change the current point-like and fragmented fast food hype of NFT, in order to get rid of the material shackles of simple pan avatars, realize integration with real people, and crowd out human beings The last train to the metaverse. As Guo Yong, the founder of China Film Niannian, said, the boundary between the metaverse image action database and the field of live-action performance will become more and more blurred. In the future, we will look forward to the Normandy landing moment of NFT.
NFT is the sugar coating of wealth, the carrier of spiritual slices, and the habitat of human souls.
NFT in DeSoc: the spiritual carrier of Game Life
When we take the high-speed train leading to NFT in DeSoc, we need to switch from the material carrier to the transfer station of the spiritual carrier for transfer.
The material carrier is the theoretical starting point of NFT, and DeSoc is the promised land of NFT. At present, NFT is mostly concentrated in the field of avatars represented by PFP, which is an extension of Web 2 social thinking. Its first driving force is still mainly speculation, which seems to be active, but it has failed to discover the real needs of 7 billion people for NFT, and liquidity has become a drumbeat for a few people.
In the absence of market atmosphere, it is difficult for real users to retain, like a bizarre performance art. So, in the process of transforming from material to spiritual, what kind of blessings do we need from decentralization?
We need DeFi to revolutionize the financial system that is unfriendly to ordinary people;
We need DeSoc to create a future society that belongs to individual nodes;
We need NFT to find a quiet and peaceful habitat for the wandering soul.
After going through thousands of rivers and mountains of material carriers, only NFT can wrap our souls to the other side. NFT builds an interconnected and differentiated protocol between node and edge, which will be a new generation of World Wide Web covering all individuals in DeSoc.
Imagine a decentralized society, where everyone participates under the spiritual shell of NFT. The non-homogeneous attributes are the identifier of the individual, and the unique soul core is the locator of the individual value. For example, when the flat world entered the three-dimensional world, in order to create an alternative interactive scene, Desert Space cooperated with the Ivy League's No. 1 design school to develop a three-dimensional world emoticon package to help users quickly create their own digital space and quickly own themselves. The spiritual shell of the NFT.
The game life must be equipped with an equipment package. We need to put our private property into the information space in the form of NFT with the highest concentration of information, so that we can roam DeSoc without distraction and lead to various interstellar worlds with NFT in hand. On the way to the Metaverse, NFT, DeFi, DeSoc, SBT... are all equipment for us to upgrade and fight monsters. In the archive game of DeLife, a decentralized life, we will accompany us with lofty aspirations and endless lives. And all people's activities are forming the grand real world in front of us, and are composing the epic encrypted narrative in the future.
As the creator and holder of private property, the value of human beings needs to be redefined in DeSoc. The information "society" composed of 0 and 1, law is code first needs Human is binary.
Human private property is sacred and inviolable, and it is constantly up-to-date with the development of human society. A pair of sons and daughters of farming civilization are private property, a car in the industrial age is private property, and a set of NFT in DeSoc is also private property. When we enter a decentralized society, our private property can be measured by tokens, starting from the first BTC, to DEFI, to NFT... In the future, more types of tokens will emerge.
Token can be divided into two categories, one is FT and the other is NFT. The former is a homogeneous token, which symbolizes indiscriminate and universal private property, including various tangible assets, material wealth, legal currency, and debts; the latter is a non-homogeneous token, which includes differentiated and unique private property , including our will, thought and emotion.
The reason why non-homogeneous token NFT is non-homogeneous is because: "Human sorrows and joys are not interlinked." There are hundreds of millions of unique human individuals that can constitute the radiant and full-textured world in front of us. world. Every individual has his own microcosm, not only in the external equipment he displays, but also in his inner meaning and value.NFT is the information shell that distinguishes our individual differences and the spiritual carrier of our game life. Its birth and growth represent the end of a centralized society.centralized society
It’s the opposite, it’s an organized society with bureaucracy as the operating principle, and severely unequal profit distribution. Any new thing needs to be distorted into a suitable appearance, individual differences are obliterated, and the will to forge ahead will eventually be lost. Strength, becoming a worker bee in the hive, engraved as part of the old times.
The future must be a new world based on the reconstruction of decentralized social logic. A decentralized society that is self-organized, maintained by distributed production relations, and encourages the maximization of individual-social interests. In the future centralized society, NFT is responsible for the carrier of the indivisible value of individuals, DAO is our production workshop, DeFi is responsible for the operation of the financial system... and these are summarized into the essence of DeSoc.
NFT plays its strengths and shows its differences;
Dao governance encourages innovation and respects characteristics;
DeSoc seeks common ground while reserving differences and pursues efficiency.The first driving force for the reconstruction of decentralized social logic is the maximization of individual-society interests.Egoism has lost its charm in the new discussion space of game theory
, a new transformation came to the main stage. Economics giant Adam Smith once advocated the "invisible hand" principle: "In a market economy, everyone starts from self-interested goals, and ultimately the whole society achieves altruistic effects." However, the "Nash Equilibrium" of Nobel Prize winner John Nash has added restrictions: "Starting from the self-interested purpose, the result of the game is to harm others and benefit oneself, neither self nor others." It can be seen that the maximization of individual-society interests is based on the premise of not harming the interests of others.
In order to maximize individual-society interests and get rid of the game of a few people, it is necessary for DAO to govern this production workshop. Under this governance method, non-discriminatory democracy will bring the opportunity for most people to participate in NFT together. Members rely on their personal ability and subjective willingness to work together to build the entire DAO organization, and the DAO organization will motivate individuals based on the contribution value of each member to form a community of common interests.
The DAO road leading to NFT is full of surprises for upgrading and fighting monsters. When obtaining rights and benefits becomes no longer a threshold for ordinary members; when ordinary members, like development team members, can gain the right to speak by relying on their contribution; when each member can gain incentives by exerting subjective initiative to increase their participation ;When the cumbersome bureaucracy is thrown away, individuals become the nodes of the organization... The underlying DAO smart contracts and technical tools bring the soil for mass participation, which will give birth to the vigorous development of the NFT universal community.
On the DAO road leading to NFT, NFTfi has become the management center responsible for its financial system. Whether it is custody, leasing, lending, investment portfolio, asset management, or deposit and taxation... together create the central control room of NFTfi.
As the main liquidity manufacturer of NFT, NFTfi will achieve the seamless financialization of the NFT economy, and eventually move towards the establishment of a harmonious NFT financial society with a high degree of user autonomy. Under this financial management center, NFT owners can obtain asset appreciation at a reasonable rate of return through custody, investment portfolio, asset management, etc. Non-NFT owners can obtain NFT short-term use rights by obtaining leases, loans, etc. With the cooperation of the two parties, NFT can obtain good liquidity, thus creating a fertile financial soil for NFT under DeSoc.
The NFT in DeSoc is an NFT that maximizes personal-social benefits, an NFT that wraps the individual soul, and an NFT that all nodes participate in. VOKA AI believes that even ordinary people still have the opportunity to compete with traditional institutions and companies in Web3, because creators' content data can directly correspond to value through trusted encrypted assets, which greatly stimulates the birth of high-quality content; China Film has also started to establish an open database every year, combining advanced technologies such as voice AI and neural radiation field NeRF, which are currently popular, to achieve the goal of creating a "digital Homo sapiens". Monopoly and oligopoly effects have been greatly weakened, which is a very good virtuous cycle system of big data + encrypted assets.
On the way to DeSoc, it is necessary to integrate NFT and various Token mechanisms, DeFi applications, and DAO in a high-dimensional way. The public chain WormholesChain can easily mint circulating NFTs at the chain layer, and the contract layer is also compatible with all NFT functions, allowing any user to quickly create a trading center like Opensea with one click, to mint, circulate, and trade NFTs without gas fees at low prices. Non-homogeneous characteristics to build DeSoc's edifice, rather than just looking at the sky in the narrow well of digital collections and avatars.
Individuals using NFT in DeSoc will be as comfortable as breathing. The NFT in DeSoc must belong to the node-based NFT, and DeSoc needs a reserved space for carrying NFT. This will be a new world that combines material and spiritual connections and gathers various nodes and DAOs.
Material Shells: Frontier Forms of Virtual Technology
If the essence of NFT is the spiritual carrier of Game Life, then its material shell is the cutting-edge form of virtual technology.
The essence of NFT comes from the recognition of the value of homogeneous Token, and then supplemented with non-homogeneous and scarce value. The extra part is personal value that cannot be defined by mathematics and purchasing agents, and is synonymous with uniqueness and scarcity.
In the real world, generic objects represent fungible items, such as a coin, a notebook, or a sugar cube;
In the context of DeSoc, FT is a replaceable token, for example, one bitcoin can be replaced by another bitcoin;
In the world of NFTs, NFTs are unique tokens that can be the carrier of digital assets or represent traditional physical goods (such as concert tickets, clothes or sneakers).ERC-721、ERC-1155、ERC-4907The unique material shell of NFT is the frontier form of future virtual technology, and its underlying logic comes from three progressive smart contracts. from
In the development process of NFT, we can get a glimpse of the core elements and essential characteristics of NFT.The earliest ERC-721
Physical property — houses,The contract is a regulation on the difference between NFT and FT. Under the ERC-20 standard, contracts are required to be deployed separately for each token, while under the ERC-721 standard, contracts are required for each token. The NFTs derived from this can be divided into the following categories:
Virtual collectables — unique pictures of kittens,unique artwork (tangible property—such as a house, unique artwork)
「Negative value」 assets — loans,collectable cards (virtual collectibles—such as CryptoKitties pictures, collectible cards)
burdens and other responsibilities ("negative" assets—loans, encumbrances, and other responsibilities)
The contract is a re-integration of NFT and FT, allowing multiple types of FT and NFT to be carried in one contract. Since multiple token types can be mixed in one contract by eliminating the need to "approve" a single token contract separately, it can effectively save costs.The most typical example of adopting the ERC-1155 standard isAdidas' phased castingAdidas, all the homogeneous and non-homogeneous Tokens are carried through only one contract, instead of complex interactions through multiple contracts. existIn the example, all NFTs share a Token ID, which is convenient, quick, time-saving and labor-saving, and by guiding users to collect, destroy, and exchange in four activity stages,, bringing users a unique experience like NFT clearance games.
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Source: https://opensea.io/collection/adidasoriginalsUpgraded version of ERC-4907
The contract is the first discovery of the personality of an NFT. As an extension of ERC-721, ERC-4907 can not only realize the separation of asset use rights and ownership, but also revolutionaryly endow assets with the function of "automatic expiration". When assets are marked with "expiration", it means that personal value can not only Being priced, it can also be leased, which provides more possibilities for exploring the financial framework of NFT in the future.
The NFT standard (EIP-4907) is a game-changer for the NFT rental market. The cost of buying some NFTs is very high, and ordinary users cannot afford it, and renting NFTs allows users to experience and enjoy it for a certain period of time without fully owning it, which is similar to the behavior of renting a luxury car for a short period of time when people hold a wedding The pattern is similar. The NFT rental market also provides users with a wide range of NFTs, including in-game assets, virtual assets, digital art, financial NFTs, and collectibles. Simple and favorable rental services can lower the barriers for users to enter Metaverse or GameFi, while effectively enhancing the accessibility and liquidity of NFT.He raised his arms and shouted, and there were many responders., realize the separation of NFT ownership and usage rights through dual-role settings, and use the function of automatically reclaiming usage rights when it expires. It supports renting virtual land in Decentraland and in-game assets in the popular GameFi project Warena. This will also greatly reduce integration costs for utility NFT rentals for games, metaverses, etc.
Image source: https://double.one/
fromERC-721、ERC-1155、ERC-4907from
The evolution path of the three-level contract can give a glimpse of the logical context of NFT development, from one-to-one to one-to-many, and then to the addition of financial attribute derivative functions, which is a spiral rise.
When the underlying smart contracts give birth to the unique material shell of NFT, the metaverse provides us with a free space for activities. FORSIN believes that the feature of Web.3 is based on the application on the chain, which can interact with each other through various smart contracts and in the form of NFT. There may be more than one metaverse of projects, and it may be metaverses of multiple projects. You shuttle in different metaverses, thus providing a broader physical space and spiritual territory for the development of NFT.
Under the vast sea and sky of the metaverse, virtual technology has become the cutting-edge form that everyone expects. Under the guidance of virtual technology, Metaverse will go beyond 2D screens and bring people into a magical immersive experience; it will go beyond traditional physical assets and include digital assets such as virtual land to create new assets in the future environment System; will expand the physical boundary of human existence, write a grand cross-border narrative, and cooperate with NFT to create the next evolution of DeSoc.
The cutting-edge development of virtual technology is pushing WEB 2's artificial intelligence to WEB 3's virtual reality. For example, China Film Niannian, the pioneer of 3D animation, has made in-depth layout in speech recognition, speech understanding, speech imitation, digital human, neural radiation field, etc. The creation of its virtual reality scene can not only drive expression animation through speech, but also drive it through emotion. Body animation effectively builds the prototype of the metaverse virtual technology.
When the cutting-edge forms of virtual technology are changing with each passing day, and when NFT becomes the carrier of sugar-coated wealth and spiritual slices, we are expected to see the path of NFT extending from PFP to various fields. As FORSIN architect Septsaber said: "Future virtual technology will definitely have a profound impact on NFT+Web.3. Centralization is gone, and the future can be expected."
secondary title
Path choice: from wrapping our souls to wrapping human societyThe alliance chain is not a blockchain,Digital collectibles are not NFTs
. PFP is part of the future, but not synonymous with the future. The path of NFT has at least: PFP, streaming media (audio and video, image), NFTfi, artwork and so on.
The shell that wraps the soul is NFT. Just imagine a decentralized society. The Tower of Babel without mutual communication will lead to fragmentation of society, resulting in conflicts and disputes. Our soulmate will be a coupling at the NFT level. The current driving force for NFT development is still mainly speculation, and it is difficult to retain real users under an active market atmosphere. We need more gameplay exploration.Collaborative production will be the first step for NFT to empower participants. Write to Produces will be farther away from Ponzi than Play To Earn, bringing NFT a more solid economic foundation. July 11th by, let users vote to decide the direction of the plot. Each character story and overall plot of the novel is voted on by the 3,000 members of the Writer's Room. As a decentralized writing community, Writer's Room gives community members the right to unlock plots by holding their NFTs, including voting rights for titles, genres, plots, endings, cover art, illustrations, etc. Multi-dimensional ideas will continue to emerge to complete the transformation and upgrading of the existing version.
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Image source: https://opensea.io/collection/bored-and-dangerous
If collaborative production is the first step for NFT to empower participants, then virtual technology is the first step for NFT to empower decentralized products and services. From the NFT supporting tools provided by the Wormholes dedicated public chain, the virtual video tool that VOKA AI uses artificial intelligence to assist users, to the creative tool that uses AI in China Film Niannian to allow creators to capture animation data without wearable devices, and to Desert Space The cutting-edge expression and emotion control systems created provide strong technical support for the full blooming of NFT, bringing unlimited imagination to the magical scenes of the Metaverse.
The change of production relations will also promote the innovation of the financial system. The more "valuable" use of NFT is the NFT financial product represented by NFTfi. Whether it is custody, leasing, lending, investment portfolio, asset management, or deposit and taxation, they are all the tiles that build the NFT financial building, and together support the magnificent financial landscape of NFTfi.The investment portfolio is an evergreen tree in the financial sector, and it is also the basic disk of the NFT investment community.NFT Portfolio Tracking Platform Floor
Use the bond mechanism pioneered by DAO to accumulate NFT liquidity and generate income. It works by pooling NFT assets in one asset pack, resulting in a fungible ERC20 token that can then be traded on exchanges. These tokens are backed by NFTs in the asset pack, which can support redemption. The liquidity of NFT is weak, but its growth is huge, and convenient tools will give higher rewards to diamond players in the market.
The aggregate income in the NFT field will be derived around the investment portfolio. Arbitrage is always the real source of industry liquidity. Decentralized NFT liquidity also requires the participation of market makers. Witnessing the tragedy of DeFi, NFT market makers are best chain online, decentralized.Fund management is an artifact to protect the investment portfolio.DeFi income aggregator Yearn launches NFT project treasury management tool NFTreasury
, use the NFTreasury tool to determine the percentage of project funds needed in the short term (that is, the next 6 months), and convert the short-term funds required by the project into Ethereum and USDC, and store long-term funds in the Yearn vault to generate income. Fund management acts as a steward of the investment portfolio, and income aggregation will grow with liquidity, which in turn will become a reservoir for market fluctuations.
After the market capacity of NFT is large enough, compliance issues will also come oncoming. Traditional art investment has long been associated with tax avoidance, and the transparency of NFT will make this problem nowhere to hide.launch related services. When importing user cryptocurrency transaction history, ZenLedger will automatically calculate the cost basis, fair market value and profit and loss of token and NFT transaction history, and tax liability for each cryptocurrency transaction. Users can also view any historical cryptocurrency tax revenue such as mining, staking, lending, gifts, and even exchange rewards such as airdrops and more. NFT actively becomes part of the tax system, and it will also be more stable at the regulatory level, allowing users to participate in NFT finance without any worries, and eliminating some non-compliance frictions.
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Image source: https://www.zenledger.io/how-it-works
Physical products are also a field with a strong NFT gene, because NFT has dual attributes of uniqueness and digital assets, so it is the best identifier for physical objects.NFTpunk isNFTThe original source of inspiration for the jacket wasThe best choice in the physical experiment., this NFT can be used to redeem the limited edition Azuki Twin Tigers physical jacket. The Azuki Twin Tigers jacket is inspired by the "Sukajan" jacket, a classic fashion item dating back to the 1940s that combines American and Japanese street culture. The suggested retail price is $2,000, full of NFT atmosphere. When NFT reversely gives cultural significance to physical objects, NFT itself will also attract more users, and the road of DeSoc will also plant seeds.
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Source: https://twitter.com/AzukiOfficial/status/1527787197176242176
When physical exchange conveys more spiritual symbols and cultural beliefs, creating a sticky fan community, then NFT in the ticketing field is an attempt to truly implement specific usage scenarios.TicketMint seamlessly combines the two worlds of ticketing and blockchain NFT, NFTTicketing system TicketMintTicketMintCreated a smart ticketing platform. By accessing "Omniscape XR", a location-based virtual online platform,
The NFT tickets in DeSoc are dedicated to the pain points of the industry in the Web 2 era, and are far away from ticket scalpers, fraud, and information asymmetry in the centralized society. By utilizing a stable, secure, scalable, and sustainable public blockchain, and injecting tokenization, micropayments, smart contracts, and meta-concepts into NFT, it empowers artists, venues, and management, greatly reducing Chargebacks and fraud, thereby enhancing the traditional user experience.
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Image source: https://ticketmint.events/
NFT under DeSoc is not only used for economic activities, but can also contribute to the construction of society. A society that is more friendly to ordinary people will also be more friendly to nature.With the blessing of NFT, carbon offsets can not only be used by industry participants, but individuals can also buy and sell carbon credits through this NFT.Blockchain solutions provider TRST01 launches Polygon-based carbon-neutral NFT token Bhu
, is a high-quality carbon credit that can be used as a real-world tradable asset. Each NFT represents 1,000 kilograms of carbon sequestration or carbon credits. NFT has successfully solved the pain point of data double counting in carbon emissions. By taking the form of NFT, Bhu also provides liquidity for carbon assets, making them easy to transfer, and making the whole process safe and reliable with the help of blockchain technology.
Revenue generated by NFTs will also be distributed to the entire ecosystem, including farmers, villagers, auditors, validators, and technology partners. Individuals purchasing Bhu NFTs may also benefit if the price increases in the future. The size of the current carbon offset market is expected to grow from the current $4-5 billion to $400-650 billion by 2030. The world is moving towards carbon neutrality at a faster rate, and the gap between supply and demand will widen significantly by 2025. NFT still has broad growth opportunities in the field of carbon emissions. Ant Forest has added greenness to the desert, which proves the great power of individual participation, and NFT will make human civilization greener.
Counting these creative NFT projects, we seem to see a map of the future NFT tribe under the DeSoc jungle. The real DeSoc should be a pluggable Lego society, just like the path Wormholes has been exploring, to achieve sustainable growth without affecting the degree of decentralization, so that value can flow and interact in multiple dimensions, and stimulate different nodes role to promote ecology. Our social roles will be extremely rich, real and touchable, rich and textured.
The material carrier is not the carnival end of NFT. Only the spiritual carrier can reach the other side of the soul of NFT. At the transfer station from the material carrier to the spiritual carrier, we gear up and wait for the high-speed train leading to the NFT in DeSoc to take us whizzing by.The alliance chain is not a blockchain,Digital collectibles are not NFTs
