What is NFT? I want to start, too!

This year is expected to be a year when the NFT market expands in earnest.
Content companies with intellectual property rights (IP and story), Entertainment companies all have contact with NFT.

 

These days, I can make money from the content I made, regardless of age and gender.

YouTube, TikTok, Facebook, Instagram, etc. Numerous creators are already creating content on large platforms.

That's why many people try to become content creators, but they often hesitate and stop worrying.

 

To tell you my case.

1. There is a lack of content and sources to upload periodically.

2. It's Red Ocean. It is likely to be less competitive than other creators.

3. Feel burdened by production. For example, making video videos like YouTube or TikTok makes it difficult to edit. There is also a lot of pressure that personal information will be exposed. Blogs have a repulsion against writing itself.

Twitter lacks the so-called sense of humor and has no sensibility to do Instagram.

 

Then, why don't you prepare NFT contents creator, a blue ocean that is less burdensome?

Shall we take a look at some questions about NFT?

 

1. What's NFT?

NFT stands for "non-fungible token" and translates into "irreplaceable token" or "irreplaceable token." NFT is a token issued after storing information on a specific asset based on blockchain technology, giving it a unique recognition value. It contains unique recognition values, so it is irreplaceable. Previously, it was difficult to convert into an amount, Intangible/intangible assets such as music and art, which were difficult to distribute, are currently traded in the form of NFT.

 

2. I heard it's hot. Isn't it a place to invest?

Of course, investment is also a hot market these days. However, I don't want to recommend starting investing in the general public. This is because there is a very high risk of fraud. Compared to real assets, prices fluctuate a lot.

 

3. Doesn't NFT have uniqueness?

Yes, but there is a significant risk of reproduction. NFT uses blockchain technology. It's not controlled by anyone and has unreproducible uniqueness. You can be fully recognized for your scarcity. There is also a saying that there is a difference that it is relatively much safer. However, it would be easy to say that you don't own a copyright but acquire ownership. A bill has not yet been prepared to protect ownership. Because it's an early market stage.

 

4. Should I not invest at all?

No. However, I hope you approach it for investment purposes, not speculation purposes. It is recommended to approach the concept of fanaticism. Last year, NFT transactions amounted to $25 billion (about 29.91 trillion won) in 2021. It is more than 260 times more than $94.9 million (113.548 billion won) in transactions in 2020. Since the transaction amount itself is soaring, I recommend the investment itself. However, please be careful of fraud.

 

5. Do you use money for investment?

Maybe a lot of people have heard about coins. Ethereum is the most widely used blockchain platform for NFT issuance. Open blockchain is dominated like Ethereum, but there are also NFTs issued through a closed (permitted) blockchain.

 

6. What's the blockchain?

The market is developing and revitalizing in the order of blockchain-metaverse-NFT.

Blockchain is a data forgery prevention technology. Small-scale data are connected in the form of a chain, forming a "block." In this data storage environment, management target data is stored in the storage environment. It's a technology that allows no one to arbitrarily modify and anyone to view the results of the change. Simply put, it's a technology that makes countless records into a bundle.

For reference, Metaverse refers to social, economic, and cultural activities using avatars on the web. It refers to the breakdown of the boundary between the virtual world and the real world.

 

7. Metaverse didn't exist in the past?

Virtual space is a concept that existed before. However, the current metaverse is clearly different from before. The way of sharing with reality has become a little deeper and more complex, which means that it is currently underway.

For example, in the case of Roblox, Users communicate another through group video calls, video calls, or communication such as zoom at Roblox. In the end, the potential of Metaverse is more focused on communication than virtual reality. I recommend you to refer to this when producing content on NFT.

 

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It may be embarrassing in some ways to produce NFT content. However, the more content you have in the market now, I think it's a good opportunity to become a large creator in the next five years or so. Like the people who first uploaded videos on YouTube.

Then, which platform should we publish NFT content on?

Where will the NFT transaction take place?

Let's take a look at the next post! Please look forward to the next post! :)