What if your visa is an NFT?

The recent surge in popularity of non-homogeneous tokens (NFT) should have two reasons. Just the game.

Even with the support of Fomo 3d halo, even with the recommendation of marketing master sun yuchen, and even with the unprecedented attention of users, Team Just's new work & cake came online 2 hours later. Just. Game, it's still cold.

In 2018, Fomo 3d came out of the blue, just like the iPhone in 2007. Within a few days, it raised more than 20,000 ETH, which was worth more than 50 million RMB at that time. For a time, the crowd empty, copy dish everywhere, everyone is on the chain of funds dish this new model crazy.

But a year later, the original team to create a new money dish & cake; Just. Game  It only took two hours to burn out the user's enthusiasm. Losing money, forcing invitations, and failing wallet transfers have made the highly anticipated game a target of criticism.

In the blockchain gaming world, two games were so popular that they blocked ethereum's network: Fomo 3d and enigma cat. A vein of Fomo 3d, at & NBSP; Just. Game  After a disastrous defeat in world war I, NFT (non-homogeneous token) collectible games, represented by enigma and cat, developed a different world.

The development of NFT

After the cat puzzle, NFT again caught the public's attention with the card game Gods Unchained, which was launched in July 2018. In retrospect, 2018 was the most memorable year for the DApp industry.

The blockchain card game, which claims to be the hearthstone of the blockchain, attracted more than 400 ETH in the first five days of pre-sales. Some RMB big R directly invested in 95 ETH to buy 100 rare card bags, and the 20,000 tickets of the championship were sold out in a short time.

Two years later, in November 2019, the GodsUnchained card started user trading, allowing users to trade freely on blockchain collectibles trading platforms (e.g.

On Opensea, there are more than 6 million items under the Gods Unchained category, making it the second largest category item on the market. Looking at Coin Metrics, the volume of erc-721 COINS surged in November, with the number of transactions approaching 4 million in a single day. GU's heat is visible.

Not only blockchain gaming companies, NFT has also attracted the attention of many big game companies. Tencent, netease, these big Internet games in the block chain game first test water, is NFT.

In tencent's monster hunt in 2019, players can get their own cat on the data chain after level 22, just like the ethereum puzzle cat. Each user's own cat is unique, and no one is the same. Tencent's only blockchain game topped the list within five hours of its launch, with players contributing 480,000 downloads in a single day.

In addition to the pure game industry, NFT has recently spread significantly to the traditional circles, especially sports circles.

Dapper Labs, which created the enigmy-cat puzzle, has announced a partnership with the NBA to launch the NBA Top Shot, a collection of CARDS similar to MLB baseball CARDS that will not only contain the current NBA 2K star CARDS, but also add star skills. Later, top German football club bayern Munich launched the NFT star card, 20,000 tickets for euro 2020 were sold in the form of NFT, NIKE launched the sneaker NFT of Cryptokicks on ethereum, and so on.

NFT has become the first hot topic in 2020.

So, how exactly is NFT defined?

Before we get into that, let's consider a point: is bitcoin NFT or not?

Non-homogenization can be understood as that the token issued on each block chain has its own number, which can distinguish itself from other similar tokens. Both A and B are the same token, which looks exactly the same, but the token number of A is 0001 and the token number of B is 0002, which are different from each other.

Back to where we were, in some sense, bitcoin is a kind of NFT, or an application of NFT.

In the bitcoin network, the input and Output of each Transaction are based on UTXO (Unspent Transaction Output) and intuitively interpreted as "Unspent Transaction Output". The feature of UTXO is that the content is not the total address balance.

For example, there are 3 different transfers of 2, 3 and 5 bitcoins in an address. When recording, UXTO does not record the balance of 10 bitcoins in the address, but records 2 unspent bitcoins and 3 unspent bitcoins. And five unspent, three bitcoins can be traced back to the source.

Bitcoin transactions are easy to track because the total balance is not recorded. That way, with the exception of new bitcoins that have never had any transaction records, most bitcoins that have been transferred will have different transaction records.

Apart from the indivisibility of NFT, most bitcoin seems to be an application of NFT from the perspective of "non-homogeneity". In other words, cryptocurrencies that use UXTO, such as Grin and Beam, can be seen as applications of NFT.

Why not ethereum? Ethereum's account records the total balance, and three different transfers come in as 2, 3, and 5 ETH respectively. The 10 ETH are mixed together at the time of recording, but not separated. So ETH does not have the unique identity of bitcoin.

From a conceptual point of view, NFT is a product of the emergence of smart contracts, which, like FT (homogeneous tokens) based on an eaeum standard, take on a unique, non-reciprocal form based on erc-721 or erc-1155.

However, token in NFT is a completely different concept from token in FT. If NFT is classified, we believe that NFT should be more in line with the category of coin-free block chain.

The NFT we see now, although it has the token word in its name, no longer has the "coin" feature. Whether you have enigma, GU CARDS, star CARDS, etc., you cannot use them for payment, purchase other items, staking, mortgage, interest, or Defi. What NFT can do is basically collect, or exchange money. The characteristics of those "COINS" do not exist in NFT. Instead, NFT has the characteristics of assets.

NFT, so to speak, is not a currency. In other words, NFT belongs to the category of coin-free application of blockchain. Blockchain coinless applications can now be divided into two categories: affiliate chains, and NFT.

The alliance chain, which has been developing for several years, is especially hot at home these days. Under the background of block chain as the core technology, the supervised friendly alliance chain is favored by domestic big enterprises. Domestic giants such as alibaba and tencent have launched their own alliance chains to achieve traceability, identification and other functions. Foreign giants such as ernst & young and IBM have also developed their own alliance chain platforms to provide enterprises with solutions.

And NFT, which also belongs to the field of no currency application, has obviously been favored by the giants under the condition of compliance.

NFT's imagination is vast

NFT does not necessarily represent two completely different things. For example, in the GU card, the pu card has a large circulation, and many CARDS have the same contents and functions. The only difference is the number of CARDS.

Membership card NFT, is a good example, let's take the iQIYI video members who were ridiculed by everyone a while ago to imagine. Different member names, different effective times, and different purchase times are all signs that allow NFT to generate unique codes. On the premise of data chain, false members, purchase members do not take effect and other abnormal conditions are difficult to occur.

In the same way, different names, different visa effective time and other factors can ensure the uniqueness of NFT, at least, the loss of passport can be greatly alleviated.

BlockBeats, the financial instrument NFT and block pulsations, envisages a scenario to purchase floor options. Although the products are the same, the uniqueness of an option NFT can be guaranteed by different user names, different purchase times, etc. And if the option product on the floor is not suitable, users can customize the off-market option NFT. The counterparty, the bet, the timing of the exercise, and so on, are all guarantees of coding uniqueness.

When such a compliant NFT emerges, we have a lot of room for imagination.

Related reading:COINS + Steam, a large number of Chinese players arbitrage new gameplay

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