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Communication Industry Special Report: Linking Blockchain and Value Entities The NFT Market Potential is Unlimited



NFT: link blockchain and value entities. NFT (Non-Fungible Token), that is, non-homogeneous tokens, is indivisible, irreplaceable, and unique. As a new type of digital certificate that carries the value of items, its market potential has also been recognized by more and more investors. On March 11, 2021, artist Beeple's NFT work "Every Day: The First 5,000 Days" sold for as high as US$69.346 million, making it the third highest price for a living artist's work in one fell swoop; and the earliest NFT projects can be traced back to CryptoKitties (encrypted cats) , this game emerged in the bull market of 2017. At its peak, virtual cats could sell for more than $100,000, highlighting the artistic, cultural and economic value of NFT.

The Korean Ministry of Science and Information and Communication Technology released the first draft of the core ethical principles of the Metaverse Ecology: On August 29, the Korean Ministry of Science and Information and Communication Technology (MSIT) recently released the first draft of the core ethical principles. These principles are crucial to the development and participation of the Metaverse. important. MSIT proposes that the three values of metaverse participants include complete self-identity, safe enjoyment and sustainable prosperity.

To practice these three values, the ministry proposes eight principles when participating in the Metaverse ecosystem: authenticity, autonomy, reciprocity, respect for privacy, fairness, data protection, inclusion, and responsibility.

MSIT plans to finalize a draft by the end of this year, with input from relevant ministries, experts, industry, and civic organizations, in order to apply the principles to real-world use cases in the Metaverse. (Forkast) [2022/8/29 12:55:26]

The high degree of attention and the superimposed supply and demand pattern are improving, and the recovery signal of the NFT market has been established. According to GoogleTrends, the global search-zce volume of NFT will show explosive growth in 2021, and the visibility of the NFT ecosystem will rise steadily; in terms of market supply and demand pattern, according to the data of NonFungible, the number of NFT buyers in 2020 will increase by 66.94% year-on-year, and the number of sellers will increase by 24.7% year-on-year. The growth rate far exceeds the supply growth rate. This supply and demand pattern is expected to attract more players to enter the market, and continue to inject a boost to the recovery of the NFT market.

Swiss bank SEBA Bank will provide settlement, communication and remittance services for fiat currency and digital assets: Singapore-based financial technology company Lightnet Pte. Ltd. announced the signing of a memorandum of understanding with Swiss digital asset bank SEBA Bank to jointly provide seamless, safe and convenient Asset services to strengthen Lightnet Group's remittance settlement capabilities. After the memorandum of understanding takes effect, SEBA Bank will become the bank counterparty of Lightnet Group, providing the only settlement, communication and remittance services for fiat currency and digital assets. SEBAB ank will also act as another settlement bank network, account and custodian, and settlement bank for asset transfer operators (MTOs). Chatchaval Jiaravanon, co-founder and chairman of Lightnet, said that with the complementary advantages of Lightnet and SEBA Bank, the new joint venture entity of the two parties in Singapore will be able to provide more transparent and secure settlement solutions for global individual and institutional investors. Serve ready. Note, SEBA Bank is one of the first financial institutions to obtain a Swiss banking and securities dealer license. [2020/8/28]

NFT applications have broad prospects, and the total market value is expected to climb to $710 million in 2021. At this stage, the fields that can be used for NFT include games, artworks, domain names, insurance, collectibles, virtual assets, real assets, identities, etc., with a wide range of applications. With the vigorous development of the digital world, many targets will only appear in the form of digital native ecology, and the huge application space and technical imagination of NFT are expected to become more and more attractive in the new digital economic world. According to NonFungible data, the total market value of NFT in 2019 reached 210 million U.S. dollars, and it is expected to grow by 50% in 2020 to reach 320 million U.S. dollars, and continue to climb 125% to 710 million U.S. dollars in 2021. There is huge room for development.

News | Securities Times: 5G technology provides a certain communication infrastructure guarantee for blockchain technology and industrial development: According to the Securities Times, the application demand of 5G technology in economic and social scenarios is also becoming increasingly prominent. The complexity of economic and social scenarios often requires the coordination of multiple technologies, which determines that it is not realistic to rely on a single 5G technology to meet the needs of application scenarios. Taking the integration of 5G technology and the popular blockchain technology in recent years as an example, on the one hand, the integration and development of 5G technology and other industries can provide the necessary data communication foundation for the application of blockchain technology; The combination of block chain technology and block chain applications with 5G technology may generate new application scenario requirements. At the same time, the decentralized and distributed data storage characteristics of blockchain determine that blockchain technology relies on the stability, efficiency and flexibility of communication. 5G technology provides certain opportunities for blockchain technology and industrial development. Communication infrastructure guarantee. [2019/12/25]

Market size + transaction activity + capital flow, the three major factors resonate to drive the value of NFT application assets.

Site | Ni Jianzhong, Executive President of China Mobile Communications Federation: 5G and blockchain technology have entered daily life: Jinse Finance live report, on August 16th, at the WMIC2018 World Mobile Internet Conference, all the cafes gathered in Beijing to talk about the "zone" Block Chain Empowers the Real Economy", the conference is sponsored by China Mobile Communications Federation, co-hosted by Jinse Finance, Panshi, and Global Blockchain Investment Alliance, co-organized by Node Capital, Ministry of Industry and Information Technology of the People's Republic of China, the Central Committee of the Communist Party of China Under the guidance of the Informatization Committee, it is supported by 63 blockchain vertical media. Ni Jianzhong, executive chairman of the China Mobile Communications Federation, said in his speech that from 2017 to 2018, the blockchain has experienced ups and downs. At present, a calm organization is needed to unite people who really understand blockchain technology. The China Mobile Communications Federation Global Blockchain Research Institute was established to analyze and identify chaos. The advent of a new era and technology has changed society and human development. 5G and blockchain technology are also closely related to people's lives. Relationship. [2018/8/16]

In terms of market size, according to the measurement data given by NonFungible, the total number of active-zce wallets in 2020 will reach 222,179, a year-on-year increase of 97.09%, showing a strong growth momentum; in terms of transaction activity, according to DappRadar data, the market with the highest transaction activity is NBA Top Shot , and its activity level is 3.16 times that of the second-ranked OpenSea. The gap is significant, showing the preference of players in the NFT market; in terms of capital flow, according to NonFungible, the total transaction volume of NFT in 2021 has a clear upward trend, and more capital injections indicate that the value of NFT has increased ; The combined drive of the three factors is expected to drive the increase in the number of transactions and the enhancement of liquidity, forming a good market effect.

The NFT market is still in its infancy, and it is expected to grow into the next industry outlet after being refined. The authenticity of NFT, the provision of ownership attributes, and the transferability jointly create its value. Due to these three attributes, NFT provides unlimited possibilities for the real world and virtual assets, but the overall market is still in its infancy. Against Bitcoin, the overall market value of NFT in 2020 is only 0.17% of BTC, and the audience of NFT-anchored assets is also concentrated in artwork, cards, or pet-raising games similar to CryptoKitties. In the future, it is necessary to develop more More suitable application scenarios can increase the participation of the public, thereby improving the liquidity of NFT, and can provide strong support for the expansion of the NFT market.

Investment advice: NFT, which integrates indivisible, irreplaceable, and unique attributes, has been rising in popularity in the market for nearly a year, and the market supply and demand pattern is improving. We believe that the deep logic behind it is that the concepts of asset scarcity and ownership value anchoring are gradually being adopted by the market. recognized. The tokenization of real assets will fundamentally solve the ownership problem and facilitate the public to store or trade in the blockchain network; the tokenization of virtual assets will solve the scarcity of the target, inflation and ownership issues, so NFT has the potential to become The great potential of digital certificates ideally anchoring real/virtual assets. To sum up, we recommend paying attention to high-quality NFT blockchain projects, as well as the NFT trading market that has begun to take shape at this stage, the NFT encrypted collectibles market that is rising in popularity, as well as blockchain applications and infrastructure industries. Related companies include: Zhongzhuang Construction, Dongfang Guoxin, Hang Seng Electronics, Aerospace Information, Tianyuan Dike, Zhongjia Bochuang, Sinnet, Baidu, Tencent, Ninth City, Canaan Technology, Bitmain, Sifang Jingchuang, etc.


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