NFT, also known as heterogeneous tokens, runs on block chains (such as Ethernet Square, Polygon, Solana, etc.), and each NFT is unique and unusurable. NFT is essentially a piece of data, which can be owned by individuals, rather than the current situation, and all the data is basically in the hands of the Internet platform.
NFT comes in a variety of forms. In the future, a post you post on facebook, a picture you post on Instagram, a piece of music you upload may be NFT. Unlike in the past, every NFT you send online is born with its own price, and it only belongs to you. This innovation has overturned the current business model of the Internet from the bottom. Internet entrepreneurs no longer seek to monopolize data and expand the scale, but to own the data, and the platform serves people to better trade and circulate data.
The failure of Libra, a cryptocurrency project launched by Facebook to overthrow the sovereignty of national currencies, made Zuckerberg realize that a radical strategy is unrealistic and can lead to a tough counterattack from traditional forces. But Xiaoza’s ambition did not disappear, he chose a more moderate approach.
NFT, the first step of meta-universe
How to take the first step in meta-universe?
Some people choose AR and VR, some people choose the Internet of things, and some people choose Web3 (the next generation Internet based on blockchain). As the head of the world’s largest Internet company, Zuckerberg doesn’t make a choice.
Wang Miao, a doctor who works at Meta, said to Hu, “the team that is currently working on NFT should be in Reality labs.” Wang Miao is a member of Meta. Although he studied artificial intelligence and machine learning as a doctoral student, he focused on Crypto and Web3 five or six years ago and still has a strong interest.
He is not alone. In the United States, not only are Silicon Valley talents pouring into Crypto and Web3, but Wall Street elites and SEC officials are also taking Web3 as their next stop.
NFT is one of the sexiest app tracks in Web3. Navdeep Singh, the product manager of Meta, shared what NFT looks like on Facebook on Wednesday on Twitter. Users will have a “NFT collection” place on their Facebook profile where they can display their NFT. NFT represents your ownership of certain data.
Users can connect their cryptocurrency wallets to their Facebook profiles. They can also convert their NFT into Facebook posts, where people still like, comment and share their posts as before.
Judging from current applications, NFT doesn’t actually make Facebook any more fun, so why does Meta add NFT to its two flagship products?
This may have something to do with the many new features that NFT can bring to the Internet.
In the real world, people create a painting, if the painting has a very great appreciation value, collection value or artistic value, it will be given a very high price by collectors, such as Van Gogh.
However, more and more tired artists in the digital age, including but not limited to painters, writers, musicians and designers, are more likely to create on computers. Many of their works are of great value, and more and more great works in the future will be displayed in digital form.In today’s world, people spend more time in the virtual world or meta-universe than in the real world, and people, especially those in the Internet generation, have a strong need to create, collect and trade “digital masterpieces”.NFT, on the other hand, provides the best technical form for this requirement, and will break the situation that everything on the Internet is free, and inspire good creators to create excellent works.
Facebook’s entry into NFT actually sensed in advance the needs of “Internet natives” for creation, collection, trading and sharing in the digital world, and laid out.
Meta-universe represents an inevitable trend of the development of human digital age. Wechat, Douyin, Taobao. In fact, they are all “crude versions of the meta-universe”, which represents that people can chat, enjoy and shop online. If meta-universe 1.0 is very crude and can only achieve partial immersion, then meta-universe 2.0 goes a step further, allowing people to be more immersive in it.
People can do a lot of things that can’t be done on the Internet (meta-universe 1.0) before, through technological advances, they can do it in meta-universe 2.0. NFT is such a technology.
The contemporary Van Gogh, perhaps a young man who works on a computer, creates things that are very subversive in art and humanities, and NFT can confirm his work and make it unique.
In the new era, Jay Chou is a young man who publishes music works on the Internet. Its musical works will still be sung free of charge, but its first music NFT will increase its value with its musical status. Internet aborigines will have an immersive strong demand for meta-universe. And NFT can do it.
Meta-universe is the “mapping” of the real world. In the real world, people have economic systems, creations and collections, and each item has its own unique price. So, the same is true in meta-universe. Digital money (FT) corresponds to an independent economic system, while non-homogenized tokens (NFT) correspond to every work in meta-universe.
Tencent’s Q coin can not replace digital currency, and no big company can independently make a unique and consensus NFT. This is where the core value of the blockchain lies, not for big factories, not for centralized institutions, not for countries, and it can.
The fusion of FT (digital currency) and NFT (non-homogenized token) becomes Web3. Web3 is an indispensable cornerstone of immersive meta-universe.
At present, the vast majority of American Internet companies are aware of the importance of NFT and Web3.
Hu wrote in the article “Web3” of “American Internet companies” that at least eight American Internet companies, including Meta, Google, Amazon, Twitter, eBay, Netflix, Paypal, and Square, have taken practical actions to explore Crypto or Web3.
In particular, Twitter, which is also a social giant, is ahead of all major Internet manufacturers and is the first to “implant” NFT in its own products. Video giants such as Netflix have also tried to use NFT in many of their high-quality films, such as Strange things and Love, death and Robots.
Many fans scoff at NFT and regard NFT technology as a hoax, but Internet companies know what they are going to do. One investor once said to Tiger: “A phenomenal product is very popular all over the world. It would be fantastic to want a piece of the pie at that time.” This is why American Internet giants, Chinese Internet giants, and even Russian and Japanese Internet giants, especially the social giants of the United States, China, Japan and Russia, are already laying out NFT.
For Meta, his opponent is not only traditional Internet giants such as Twitter and TikTok, but also Web3.
According to Tiger observation, there are more than a dozen Web3 social companies in China, and even more in the United States. They are the “aborigines” of the Web3 world and have a deeper understanding and exploration of NFT and other things. They are committed to creating a decentralized social graph that is completely different from Meta, which may enable users to really have their own “social relationships”, no matter which platform they go to.
Tiger found that in China, Ant’s NFT platform Whale probe and Tencent’s NFT platform Magic Core are also exploring social networking based on NFT network, but the entire NFT usage scene is still too simple, and the social function has not been put online. Boring ape is not only a NFT, but also a close social ecology. With the emergence of more and more boring apes and the abundance of relationship maps, NFT-based social products may become possible.
At that time, will Meta still be the “social overlord” of the next era?