Is the NFT all worth it? The answer is NO!

We've been talking about NFTs, so what are they worth?

In the age of Web 3.0, it will serve as a certificate of ownership of digital assets.

Although this is the age of Web 2.0, it is safe to say that the Web 3.0 market is already approaching.

For example, Web 3.0 games also dominated the session presentation of GDC 2022, a famous game conference.

At GDC EXP, most companies provided technology to help with Web 3.0 games.

Many companies at home and abroad are now paying attention to the Web 3.0 era!

Google, the world's largest IT company, recently joined hands with *Dapper Labs, a blockchain company.

Besides, Meta (formerly Facebook) recently changed its name,

there are rumors that it's to prepare for the web 3.0 era!

 

*Dapper Labs: The company that developed CryptoKitties, a blockchain-based cat-rearing game

 

 

 

Do you want to know how NFT acts as a certificate in the Web 3.0 era?

The NFT is recorded as ownership in the blockchain.

So it means that forgery is impossible, and there is no need for a specific platform to certify ownership.

In other words, Web 3.0 has created freedom. NFT is the key to this free trade.

Instead of limiting NFT to digital art, we need to slightly broaden our horizons.

Of course, we are currently at the level of NFTing digital art and using pixel art as avatars.

Soon, a bridge or cross-chain that can connect different metabuses will appear!

It is assumed that NFT can be used as an admission ticket or as collateral to get a loan.

The point is compatibility between DApps. I think it's only a matter of time before we overcome compatibility.

 

 

 

However, there are still many people who distrust or fear NFT.

I guess it's because there's no kind of guide.

When I first looked at the NFT, many people left because the term itself was difficult.

And there are a lot of people who look at NFT through speculation, not to enjoy it

I think it is also a problem that fraud such as the so-called "eat and run case" occurs frequently.

I looked at the period of selling and reselling NFT last year, and it was rapidly shortening.

A lot of people buy NFTs and resell them, I thought it might show that I'm being misled.

I don't even know if the NFT market is good or bad.

There is no kind guide, and fraud is happening frequently!

I understand that many people distrust or fear the NFT.

 

 

 

<Source: Metakongz homepage>

But some of the examples showed hope for the NFT market.

If I were to introduce one of the projects, it's called Metakongz.

It is based on Clayton.

(a blockchain platform for DApp developed by Ground X, a subsidiary of Kakao Co., Ltd.).

If you have Kongz, coins will be issued, and you can use them as currency in Kongzshops.

You can cash coins later.

Metacongz came up with Cyber Kongs as a PFP project.

For your information, CyberKongz is a combination of Defi and NFT.

For example, if you have CyberKongz, you can make 10 bananas every day.

In other words, if you have a CyberKongz (NFT), It's characterized by being able to get bananas as a reward.

You can buy items or new NFTs with this banana. They even say they could have a new baby Kongz.

 

 

 

The NFT market seems to be growing in a similar way to the SNS market.

Depending on which NFT I have, my social position goes up.

And if you have the same NFT between Dapps, you can easily create a community.

 

But that's hard to say that all NFTs are valuable.

Some people said that the NFT is simply a list of digital letters and numbers representing ownership.

That's right, but the NFT includes both humanities and economic characteristics.

The use of NFT in businesses in various fields, including Metaverse, is increasing NFT is becoming more popular.

But not all NFTs are worth it

I think that one day many of the NFTs will be of great value.

To increase competitiveness,

social discussions must continue and related systems must be established.

 

 

Then I'll come back with more informative information in the next posting! ヽ(✿ﾟ▽ﾟ)ノ