Who will lead the NFT wave with crypto art

On April 17th, Legendary Blockbeats, together with Cocos-BCX, the next generation gaming digital economy platform, and Binance smart chain BSC, jointly held the NFT themed Meetup -- "Who will lead the NFT wave together with crypto art", and invited Dego China. Mathwallet, Rocki and other guests discuss the new craze in NFT.

At the beginning of the event, rhyming Blockbeats NFT researcher Sleepy traces the origin of NFT with the title of "NFT's Road to the World". From the original NFT projects like Mooncats to this year's NBA Top Shot, NFT has become a hit. Following the stunning sale of the Beeple at Christie's, the NFT market has experienced exponential growth in both volume and participation. The growth of the NFT market is instantaneous, and Sleepy joins several guests to discuss what the future holds.

As the first speaker, Jeff, head of BSC Asia Pacific Community, started with the popularization of NFT and briefly introduced some works and principles about NFT. Jeff shared with the audience that more than 500 NFT ecological projects have been deployed on the BSC smart chain (BSC). Jeff said that BSC will support NFT seed projects in the future.

Jeff briefly explains some of the advantages of NFT choosing a BSC chain. Including very low fees, platform younger users, complete NFT issuance tools, support for a variety of Ethereum NFT token standards, and so on.

The Dark Forest game has put chain gaming back in the crypto audience's eyes. Reed, a Cocos-BCX ecotechnology contributor, used the Dark Forest game as a starting point for a brief analysis of the new trends in chain gaming for his audience. Although it may seem like a simple web game, Dark Forest has grown into its own since its launch, Reed said, thanks to a plug-in system that allows developers to improve the game depending on how they feel about it. Through open source, making community-developed games is one of the keys to success in the Dark Forest.

Reed believes that current chain games can be developed based on Layer2 technology, and he also suggests that a high performance, low cost, and EVM supported Layer2 solution is a good fit for building projects.

Finally, Reed combined Cocos-BCX's own experience to express the necessity of embracing the Ethereum ecosystem both as a project and as an individual investor.

Math Wallet's head of NFT Wallet operations, Xiao Qing, shared his thoughts on the current NFT market in a topic titled "How to Run a Wallet and Seize the Opportunity". She looks at the development of NFT from the perspective of wallet and the relationship between wallet and NFT, as well as combs the progress of NFT field.

Xiao Qingye concluded that in the early days of NFT, native users and gold diggers formed the base group of NFT market and participated in NFT entrance. However, NFT at that time was not mature as a whole, with many shortcomings and weak out-loop effect. Now, with the rapid exit of NFT, developers are more active. Although it makes up for the shortcomings of participating users, its rapid popularity leads to problems such as higher participation threshold, lack of liquidity and so on, and its transaction scenarios are not rich.

And a centralized outburst is not entirely a good thing for NFT. Xiao Qing Ye believes that NFT should be introduced step by step into the market, similar to DEFI, which continues to develop after the emergence of gameplay innovation to attract more users and developers to explore and develop the market. The current NFT situation is not very friendly to many new users. In addition, Xiao Qing Ye also pointed out the liquidity problem of NFT, the user secondary market after the transaction will not carry out follow-up attention tracking. As for the future scenario, she proposed that NFT tickets might be used as an application direction in the future, and maybe even combined with AR.

At the round table, Jeff BSC's Asia Pacific community leader; Celilia Rocki's China leader; Alliance Lee, founder of Dego China; Yeh Xiao, head of Wallet operations at Math Wallet NFT; and Sleepy, researcher at Blockbeats NFT Discusses many of the current hot topics of NFT.

On the question of the ownership of NFT itself and the value of its holding, Rocki's Celilia mentions that Rocki is an ecosystem of music media that ensures users' rights through copyright protection. As for the circulation of music works after payment by users, Celilia mentioned that this is a problem related to the concept of NFT related storage. With the increase of music works, a concept of IP generation and its storage collection will be brought about, and various mechanisms will be adjusted to guide users' copyright awareness in the later stage.

In Jeff's opinion, there are two points: first, the love for the work itself will encourage users to buy the legitimate products; second, the concept of NFT+ DEFI will help reduce piracy. Data on the chain can be checked, so pirated products naturally lack market and will be eliminated without circulation.

Ms. Black answers the question in terms of what NFT means, explaining why it can attract more artists and producers, using the experience of Chen Huan Ren, a well-known music producer in Hong Kong. The current creation environment for musicians is not good and the real income for musicians is not high. Therefore, musicians including Chen Huanren want to explore whether NFT can bring some economic changes to these excellent music producers in the future.

In terms of how to combine fluidity and uniqueness, Celilia believes that the whole NFT ecology is still in a very early stage without development. So when there's more, there's less liquidity. And NFT financialization is a relatively important support for NFT to flourish, and financialization is a very important foundation to ensure the thriving development of subdivision track, because most people really do not come for art, but to make money or increase the value of assets.

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia