Recently, domestic CCTV, CCTV Finance, foreign “New York Times” and so on frequently reported NFT, NFT why will it trigger “cross-border attention”?
Recently, digital artist Beeple’s digital stitching artwork “Everydays: The First 5000 Days” fetched a high price of $69 million at Christie’s; Twitter co-founder & CEO Jack Dorsey auctioned off his first tweet “Just set up my twttr” posted in 2006. Twitter co-founder & CEO Jack Dorsey auctioned off his first tweet “Just set up my twttr” in 2006 for about $2.9 million; a digital collector’s card made from a classic dunk shot of Los Angeles Lakers star Le Bron James sold for $208,000; according to Dune Analytics, the total sales of NFT trading platform OpenSea exceeded $100 million in March. Sales topped $100 million in March, a record high ……
Unexpected auction amounts and transaction turnover frequently appear in the world of NFT, causing widespread concern from all sides, and NFT has become the hottest segment of the blockchain industry, with no rival for the time being.
What is the value of NFT?
NFT (Non-fungible Token), non-homogeneous token, a new type of crypto digital asset, with unique, indivisible, and irreplaceable characteristics. For example, domain name, artwork, cell phone number, property, etc. Each non-homogenized token NFT has its own characteristics and properties.
Compared with other crypto assets, NFT serves as a link between the crypto world and the physical world. Using blockchain technology, the original issuer of each NFT can be traced, each transaction is traceable on the chain, and the authenticity of goods and transactions makes NFT the most real and visible asset type for investors.
Therefore, the value backing of NFT products becomes its most valuable feature in the virtual crypto world.
As a programmable and indivisible and irreplaceable digital asset, NFT brings scarcity to cyberspace where anything can be copied millions of times. For example, NBA Top Shots’ digital basketball cards take the value of the physical world and give each basketball card uniqueness, scarcity, and indestructibility through NFT technology.
NFT has a natural advantage in copyright protection for creators. A given work generates an NFT, which is unique, untameable, and cannot be copied for duplication or piracy, and creators will use NFT to protect their own work as well as truly realize their own value.
Create your own NFT
The discussion based on this level of copyright protection is very meaningful.
In the early days of the rise of self-publishing in the Internet era, it was only a niche market for entertainment and experimentation. Who would have thought that the self-media era has provided a channel for every ordinary person to speak, talent, ability, and other aspects of the release, and everyone can find a platform for their own performance and display in self-media?
Everyone can be more than ordinary.
In the near future, with the further development of technology, the NFT creation platform will provide a unique programmable digital number for each person to express and show themselves, using NFT may be able to confirm their value.
Orange ecology creates the NFT king on the OKExChain chain. orange provides users with the NFT full chain operation system, any user in the Orange platform can upload and create their own unique NFT works, which are unique, scarce, and naturally protect each person’s works from infringement.
The process of creating your own NFT work in the Orange platform is not complicated, the general process is: log in to the official website, open an account, upload your own work (name and fill in the introduction), digital signature to confirm the right, choose the bidding method, price and time, sign, and finish casting Mint. public chain with proof of ownership.
It should be emphasized that the first time you create an account on the Orange platform, you need to open an account and submit 20 ORGs as the opening fee, and no longer need this fee for subsequent operations.
Once ownership is confirmed, NFT works have a tradable value. Users enjoy the right to list, trade, or auction their own works on Orange. This means that your work has similar properties and value to digital financial assets, and your “work” will be circulated worldwide.
Currently, the types of NFT on the Orange platform include artwork, virtual world real estate, games, collectibles, cards, domain names, Fantasy Sports, Digiphysical Goods, virtual scenes/models, etc., to meet a variety of user choices.
Essentially, because of uniqueness and non-fungibility, NFT tokens are extremely poorly traded in the secondary market in terms of liquidity, but with the decentralized financial nature of DeFi, the liquidity and tradability of NFT are greatly enhanced. orange uses the combination of NFT + DeFi + cross-chain to allow different assets to interact with each other as well as multi-chain interoperability to enhance the value attributes of the platform.
Cross-chain is the necessary development path for maximizing the value of NFT, just like the extraordinary value of Chinese porcelain because the value of Chinese porcelain is recognized worldwide, not limited to regions and countries. The value of “unique” can be truly realized.