A summary of the most frequently asked questions about seventeen non-homogeneous tokens (NFT)

Question 1: What is a non-fungible token (NFT)? Question 2: What are the characteristics of NFT? Question 3: Why own NFT? Question 4: How to buy NFT? Question 5: How to participate in NFT liquidity mining? Question 6: How to confirm that the purchased NFT is genuine? Question 7: Are NFTs the latest? Question 8: What are the application scenarios of NFT? Question 9: Are there any specific use cases for NFT in the game field? Question 10: How to buy NFT encrypted artwork? Question 11: What are the mainstream NFT trading platforms? Question 12: What are the NFT standards? Question 13: What are the NFT tokens? Question Fourteen: What is the rise of NFT tokens? Question 15: How to create your own NFT? Question Sixteen: How to evaluate NFT projects? Is there any reference standard? Question 17: What is the development prospect of NFT? Question 1: What is a non-fungible token (NFT)? The full name of NFT is Non Fungible Token. Chinese is a non-homogeneous token. Different from the homogeneous form of Bitcoin, the characteristics of NFT are unique. It is a unique and easy-to-verify digital asset that can represent GIFs, pictures, Assets such as videos, music albums, etc. In fact, everyone may have known about NFT a long time ago. For example, the popular game in 2017, Cryptokitties, was so popular that the Ethereum network was paralyzed. The price of an NFT cat was as high as 600ETH. And the recent popular NBA Top Shot is a good case. Question 2: What are the characteristics of NFT? The attributes of NFT make each NFT unique and authentic, which solves a big problem in the art and luxury industries. For example, LV is preparing to launch NFT to prove the authenticity of its luxury goods, or track the life cycle journey of a single handbag. ENS 24-hour transaction volume increased by 161%: On August 21, OpenSea data showed that Ethereum Domain Name Service (ENS) 24-hour transaction volume was 335 ETH, ranking sixth on OpenSea, with a 24-hour transaction volume increase of 161%. [2022/8/21 12:38:07] Another feature is that the ownership belongs to the user. For example, in traditional games, players do not really own anything in the virtual world. But in blockchain games, the assets in the game are owned by the players. Even if the game is down or the server is closed, the players still hold NFT assets, and they can also be converted into tokens for use in other games. In theory, anything that exists online can be purchased as an NFT. NFT is "an encrypted token". Ryan Duffy, author of Emerging Tech Brew, explained that the biggest difference between NFTs and cryptocurrencies is that NFTs are non-homogeneous, they are neither interchangeable nor divisible. Think of Pokemon cards, although each card can be traded, they are inherently different, and in comparison, one bitcoin is essentially the same as another and is interchangeable. Question 3: Why own NFT? One of the reasons for buying NFT is its sentimental value. In this regard, NFT is not much different from real objects, unless the buyer is a complete utilitarian and only cares about the material value of the product. In real life, no one buys lip gloss out of pure need, and everyone buys it largely because of the happy feeling that lip gloss brings them. The same goes for GIFs, pictures, videos or other digital assets. Another important reason for buying NFT is that it has room for appreciation, and you can make more money by buying and reselling NFT. Question 4: How to buy NFT? This process varies depending on the platform used. There are currently many NFT trading markets on the market, such as OpenSea, KnownOrigin, Rarible and so on. For example, on Top Shot, you need to sign up to join a waiting list, which may already have thousands of NBA fans. When a digital asset is released, you will be randomly selected to buy it. While Top Shot accepts both U.S. dollars and cryptocurrencies, some platforms only accept cryptocurrencies, such as OpenSea. Craig Wright says someone can prove he is Satoshi Nakamoto: Golden Finance reported that Craig Wright, an Australian computer scientist who claims to be Satoshi Nakamoto, the creator of Bitcoin (BTC), recently said that people can prove that he is indeed the mysterious figure. In a recent interview with an Australian TV show, when asked if he was indeed the pseudonymous author of the Bitcoin white paper, Wright insisted that someone knew him and could confirm that he was indeed Satoshi Nakamoto. Wright did not disclose who or where these identifiable people were, but he said that being the founder of Bitcoin "actually made life harder, and his motivation was not money or fame. [2022/ 8/9 12:12:47] In general, there are four common methods, namely: 1. Buy potential NFT tokens on major trading platforms; 2. Buy and sell NFT assets; 3. . Become an encrypted artist and issue your own NFT; 4. Pledge NFT liquidity mining. Buying tokens of the NFT concept and buying NFT are actually two things. You can buy top NFT tokens such as ENJIN, MANA, SAND, etc. on the website. If you want to participate in the NFT collectibles market, or buy and sell NFT to earn the difference, general NFT markets like OpenSea provide channels to buy various NFT assets. In addition, there are NFT platforms specifically for encrypted art, such as SuperRare and Nifty Gateway. If you want to know more about how to use the platform, you can add researcher Sophia (ID: lovebit98) to ask. Question 5: How to participate in NFT liquidity mining? There are many NFT projects that combine sexual mining, such as Aavegotchi. Users can mortgage Aave's tokens to obtain ghost image NFT tokens. The collateral behind this NFT token is an interest-bearing token. On Aavegotchi, users The image of the little ghost can be obtained by mortgaging atoken (equity token on Aave), and each little ghost is an NFT token. What is special about Aavegotchi is that the collateral atoken behind the little ghost is an interest-bearing token, As time accumulates, the value of the collateral will increase. Convex Finance's DNS was hijacked. The official said that the problem has been fixed and the matter is being investigated: News on June 24, Convex, a one-stop platform for CRV staking and liquidity mining Finance tweeted today that the DNS of Convex Finance was hijacked, prompting users to approve certain interactive malicious contracts on the site, and the funds of the verified contracts were not affected. The problem has been fixed, but the investigation is still ongoing. Convex Alternate domains have been set up as a precaution for users, namely convexfinance.fi and frax.convexfinance.fi, and users are encouraged to use these URLs to interact with the site while investigating DNS hijacking.Convex Finance found that 5 addresses are currently approved Malicious contracts, and call on these addresses to obtain official links in a timely manner. In addition, according to Alexintosh, a core member of the PieDao team According to the tweet, the correct contract address of Convex Finance is 0xF403C135812408BFbE8713b5A23a04b3D48AAE31, while the hacker’s contract address is 0xF403a2c10B0B9feF8f0d4F931df5d86aD187AE31. The 4 digits before and after are the same, please pay attention to distinguish. [2022/6/24 1:28:41] Question 6: How to confirm that the purchased NFT is genuine? The ownership of NFT is recorded on the blockchain, which is decentralized and exists in encrypted form on many people's computers. In order to avoid buying fakes, you must check the source of the NFT when purchasing it. Taking OpenSea as an example, check whether the NFT you intend to purchase comes from the official store opened by the project on the platform. Generally, popular projects will be officially certified by OpenSea. Secondly, you can also use social media to find out which project or artist the NFT you want to buy comes from. Project parties and artists usually choose to promote it on social media, and everyone can purchase it from the link they share. Question 7: Are NFTs the latest? NFT has exploded recently, but it is not new. According to Andrew Steinwold, the origin of NFT can be traced back to the Colored Coins supported by the blockchain in 2012. In 2017, the CryptoKitties craze appeared, which attracted people to rush to buy encrypted cats, and NFT really became mainstream. The Web3 Foundation announced the list of the 13th batch of Grant projects, and 31 projects including Dora Factory were shortlisted: On April 11, the Web3 Foundation announced the list of the 13th batch of Grant projects on the official blog today, including Dora Factory, SaaS3 Lab, NUTS Finance , Hamster, Asylum, Setheum, Helixstreet, Fennel Labs and other 31 projects. (Medium) [2022/4/11 14:18:26] Question 8: What are the application scenarios of NFT? "Everything can be NFT." The application range of NFT is also very large. We know that most assets in the real world are non-homogeneous assets, and if these assets are to be chained, or to find the corresponding digital form, then NFT will be the most suitable standard, so we firmly believe that this is the blockchain in The second largest application scenario outside of finance. NFT can be applied to digital artworks, collectibles, in-game items, virtual worlds, sports competitions, fashion entertainment, identity verification, insurance, infrastructure such as domain names, digitization of physical assets, electronic tickets or coupons and other application scenarios. Games and digital art can be said to be the two main application scenarios of NFT. NFT based on blockchain technology can record the status and achievements of players in the game. In-game items such as weapons, equipment, and characters can all become NFTs. NFTs can ensure the ownership verification and authenticity of game items. CryptoKitties, Axie Infinity, and Aavegotchi are all gaming use cases for NFTs. Digital art is another mainstream application of NFT. Each piece of artwork can be presented in the form of NFT, artists can ensure their own copyright to the work, buyers can verify the authenticity of the purchased artwork, and no middlemen are required to intervene, and encrypted artists can earn more income. SuperRare, OpenSea, and MakersPlace among others are crypto art use cases for NFTs. In-depth analysis: What are the application scenarios of NFT? The most complete use case manual for non-homogeneous tokens GameStop may launch a browser plug-in wallet: Golden Financial News, the NFT market beta page launched by the video game retailer GameStop (Game Station) shows that GameStop may launch its own browser plug-in wallet. [2022/3/23 14:13:26] Question 9: Are there any specific use cases for NFT in the game field? Take NBA TOP Shot, for example. NBA TOP Shot is a very popular NFT card game recently, with a rate of return as high as hundreds of times. The reason why NBA TOP Shot is so popular can be divided into three parts. (1) One is the aggregation of sports fan effect + digital collectibles. The cards mainly feature the iconic actions of NBA star players, which has a very sticky audience, so it is natural for such digital version of star cards to become popular . Since these star cards are sold in limited quantities, teams with more fans and more popularity such as the Lakers, as well as popular stars such as James and Curry, are generally more expensive. (2) The second is the endorsement of trust from Dapper labs, the same team as CryptoKitties. (3) The third is the promotion of fomo emotions. In fact, this is the commonality of digital collectibles-the earlier you enter the market, the more profitable you can be. For example, the transaction price of a star card with a cost price of only US$230 may reach around US$100,000. Flow, also developed by Dapper labs, is also very popular recently. It is a public chain specially created for the entertainment and cultural industry. This kind of collectible project is currently an NFT investment direction, and general projects will use the scarcity of NFT + fan effect to attract audiences. Question 10: How to buy NFT encrypted artwork? NFT artwork trading platforms include SuperRare, MakersPlace, and Known origin. Each piece of artwork can be presented in the form of NFT, artists can ensure their own copyright to the work, and buyers can verify the authenticity of the purchased artwork. In addition, there is no need for middlemen to intervene, and encrypted artists can earn more income. For friends who want to buy NFT artworks but don’t know which platform to buy on, you can click this article. This link provides a detailed analysis of six popular NFT trading platforms, such as the categories of collectibles traded on the platform, Comparison of features and commissions. In-depth analysis: among the six major NFT trading platforms, who has the most potential? Question 11: What are the mainstream NFT trading platforms? OpenSea is currently the world's largest NFT trading platform, established in January 2018. It covers a wide range of NFT categories, integrates NFTs from various platforms, and sells them at a more favorable price. It is currently the most used trading platform by mainstream NFT players. In terms of transaction volume, OpenSea ranks first. Rarible was founded in 2020 and released the governance token RARI on July 15, allowing the most active-zce creators and collectors on Rarible to vote for any platform upgrade and participate in management and auditing.

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