The full name of NFT is Non-fungible-token, which is non-fungible token, and the corresponding is FT (homogeneous token). Non-fungible Token refers to a Token that is uniquely identified, non-interchangeable, and cannot be split.
It sounds abstract. Let’s talk about homogeneous tokens first: such as Ethereum, Bitcoin, etc. I have one Bitcoin and exchanging it with one of your Bitcoins does not affect its value at all. What I own is still the same. One Bitcoin. Just like the 100 yuan in my hand and the 100 yuan in your hand are interchangeable (if the above coding inconsistencies are not considered).
But if I have a concert ticket in my hand, I may not be willing to exchange it for a concert ticket in your hand, because the location of my ticket and your ticket are definitely different. Yours in the front row is in the last row. The seat number is clearly written on the ticket. There is a very obvious difference between the two tickets.
NFT is similar to concert tickets, each one is unique. Moreover, unlike Bitcoin or Ethereum, which can be divided into 0.1 or 0.01 pieces, NFT is indivisible. Just like a concert ticket, if you get half of it, you won't be able to enter. So, what are the uses of NFT?
The value and application scenarios of NFT
We know that the Internet is a world where information can flow freely. Whether it is text, pictures, videos, etc., it can be instantly transferred to any corner of the world through the Internet. It can be said that the Internet has greatly Subverted people's way of life.
However, when these texts, pictures, and videos are transferred, copies are actually transferred, and the originals are still saved locally. When a picture is disseminated countless times on the Internet, who can tell clearly which is the original and which is a copy?
Because NFT has the characteristics of unique identification, the text, pictures, and videos loaded with NFT are equivalent to having a unique identity in the digital world.
No matter how many copies of this information are copied, the one with the NFT identification is the original. Moreover, NFT is based on the underlying technology of the blockchain, which allows information with NFT to be freely traded without the need for intermediary giants.
The reason why blockchain is called the "Internet of Value" is because it complements the last piece of the puzzle of the Internet and solves the "double-spending problem" of transactions without the need for a third-party intermediary. NFT is currently the "value A shining pearl on the Internet.
So, where are NFTs used specifically?
In fact, NFT has many application scenarios. For example, the NFT digital artwork auctioned by Christie’s mentioned at the beginning of this article. The artwork itself is based on blockchain technology. NFT represents the work itself. The NFT Token is transferred from the seller’s wallet to the buyer. wallet, and the buyer completes the payment, which means the transaction is over.
Similar NFTs and encrypted game assets (such as
What impact have the NFTs in artbingo had on the field of art history
For a long time, Digital artists have been suffering from the fact that their works have been copied and spread on the Internet in large quantities, and there is no uniqueness. After artbingo helps artists upload their works to NFT, the works will be added with the artist's digital signature, and blockchain technology will be used to prevent tampering. and forgery, transformed into a unique "original". In this way, digital artworks are eligible to enter circulation channels like traditional artworks, and digital artists can also gain more respect. In addition, NFT has revolutionized traditional art. This has been a transaction model in the field for hundreds of years. For a long time, artists can only make money once by selling their works. If the work changes hands again, even if it sells for a sky-high price, it has nothing to do with the artist himself. However, artbingo has changed this situation through NFT. That is, when their NFT works are sold for a second time, they can continue to receive income from them. For every future transaction of the NFT works, the distribution ratio is set by the creator himself, so that the rights of the artwork return to the hands of the artist
.art is the Internet's new top-level domain name (NewgTLD). It is at the same level as traditional top-level domain names such as .com, .org, and .net, but it has clearer connotations and Recognition, and a wide range of application scenarios.
"Art" is the most concise and clear meaning of the word "art". Art was born in 2016 by the famous art investor Mr. Ulvi Kasimov. Launched in London, England. Whether you are a traditional artist or an avant-garde fashion brand; whether you are a painting and photography game player, a traveler, or a food lover; whether you are a self-employed designer or a public museum, you can all be .art. User.
But in fact, the activation rate of this suffix is not high, and the sales rate in the market is not high. There are almost no reports before 2021.
But the time has come in 2021. According to transaction reports published by multiple foreign platforms, the number of .Art suffixes registered on major platforms has increased significantly since the end of November. Even the transactions of related domain names have increased, with only 11 There were more than a dozen companies with the .Art suffix that publicly reported transactions exceeding 4 digits in US dollars last month.
Why has there been a boom in .Art domain names in the past month? Some foreign professionals said: The popularization of NFT technology in 2021 is an important opportunity for the .Art domain name to become active in the market again. The current hot NFT and the nature of the .art top-level domain name are technically interoperable. This also makes the domain name investment field pay special attention to the potential investment value of .art.
At present, the application of NFT in the art field has received great attention and development. For example, NFT.art is a high-quality NFT art development website. Therefore, with the further development and development of NFT technology in the art field, the demand for related domain names will also increase significantly.
For the blockchain industry that relies on the Internet, high-quality domain names are not only a guidepost for users, but also an extension and value-added of the company's inherent brand, and can win the trust of users.
High-quality domain names are essential intangible assets for enterprises. If you want to get a share of the fiercely competitive market, using a good domain name will be a powerful tool for you to occupy the high ground in the hot NFT market!
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