NFT:
The full name of NFT is Non-fungible Token, which is a non-homogeneous token. NFT is a non-homogeneous token that maps a specific asset, essentially an Ethereum-based smart contract that tokenizes the user's ownership of a specific asset through the blockchain, making the NFT a recognized tradability entity for that particular asset, while the price of the NFT reflects the market's recognition of the value and scarcity of the asset it maps. Different from homogeneous tokens such as Bitcoin and Ethereum, NFTs have unique and unique characteristics that cannot be divided.
Application Scenarios:
NFTs can be applied to any field that requires unique certification, including art, games, intellectual property, real estate, logistics, etc., and it is also widely used for financial investments and collections.
Well-known projects:
According to Cryptoslam statistics, as of March 30, 2022, the four highest-selling NFT projects in the world are blockchain game Axe Infinity, avatar collectibles Cryptounk, Boring Ape Yacht Club, and programmable random art platform Art Blocks, corresponding to sales of about $4 billion, 2.1 billion, 1.6 billion and 1.2 billion US dollars, respectively.
Notable events:
On March 11, 2021, a painting by artist Mike Winkelman (stage name Beeple), "Every Day: The First 5,000 Days", was sold as an NFT at the traditional auction house Christie's, and finally sold for 69.35 million US dollars (about 450 million yuan), becoming the most expensive NFT artwork in history and the third most valuable artwork in the history of the artist's work auction.
Every Day: The First 5,000 Days became the most expensive NFT title in the world
On March 29, 2021, Sun Yuchen, the founder of Tron, was able to auction Picasso's work Lying with a Necklace for $20 million (about 130 million yuan) through Jasic, and then NFTed it. This is also the first time that Picasso's work has landed on the blockchain. Sun Yuchen has also bought NFT artworks many times, and according to incomplete statistics, the total value of his collection of NFT works exceeds RMB1 billion.
Picasso's lying on a necklace, $20 million
On January 1, 2022, Jay Chou's fashion brand PHANTACi cooperated with the NFT platform Ezek to release the Phanta Bear series of NFTs, with a total of 10,000 pieces. The series was snapped up within 40 minutes, with sales of about 62 million yuan.
The ice pier, the mascot of the 2022 Winter Olympics in China, also issued the NFT digital collection, which was initially issued at $99, and was sold out after the listing, and the secondary transaction price rose to $2,000 at one point.
The Central Radio and Television Station released the original IP "Zodiac Fuwa" digital collection, and Tencent Music released a complete set of "Zodiac Ice and Snow Story" commemorative tickets, all of which were instantly snapped up in just 10 seconds after being online. Alipay Mini Program Whale Detective on the shelves of one of the twelve zodiac signs "Tiger Baby" 3D version of the digital collection, provided by the ant chain to provide technical support, there is also a "shelf is sold out" hot scene. In the mainland, NFT digital collection platforms, including Ali's Whale Detective and Tencent's Phantom Core, are currently trading under the respective alliance chains of the platform parties, and users cannot be traded for the time being.
In short, whether it is from Jay Chou, Yao Ming, Beckham and other cultural and sports stars, or Nike, Adi, Burberry and other trend fashion brands, as well as NBA, Olympic Games, World Cup and other platforms, are competing to carry out NFT-related business.