#but one imagines time is limited for the marginal plants - will do some seed collection this season

[syngoniums]

Snow-on-the-prairie (Euphorbia bicolor) and wild sunflowers (Helianthus annus) bordering some newly bulldozed land.

[bcanetwork]

BCA NFTalk Vol.5丨Decisive Moments in History of NFT

This podcast is produced by the BC A Blockchain Art Center, supported by China's CryptoPunks community, Panda community, Vulcan DAO and Block Rhythm.

Background: The author of "When the Stars of Mankind Shine" said in the preface that a moment of historical significance is about to usher in a rich and rich history of the human world. A few hours, often even only in a certain minute, but their decisiveness affects beyond time. In the process of WEB2.0 migration, we should also discover some great moments. Look, they will also become their shining stars in the galaxy of human history.

ModeratorLou Ziwei Arthur BCA Co-founder丨Vulcan DAO GP (hereinafter referred to as L)

Guest: Senior Practitioner of Alex NFT (hereinafter referred to as A)

Ah Feng TheForce.trade BD (hereinafter referred to as F)

Wang Yang NFT Senior Collector (hereinafter referred to as W)

Jason US Stocks/Blockchain Robot (hereinafter referred to as J)

01

Why is a JPEG worth a thousand dollars? Why does CryptoPunks become the spiritual symbol of the encryption circle?

F: Token to Metaverse is a progressive process. From no entity to entity, something must be used. The best way to achieve this is pictures. CryptoPunks just appeared. In the initial stage of NFT, the main function of people buying NFT is for social identity, and the pursuit of social status is the driving force for the advancement of human civilization. The price of CryptoPunks already symbolizes a certain status. Buying a very expensive CryptoPunks also shows the determination to be optimistic about the NFT industry.

CryptoPunks is the first NFT community to survive, and the first successful benchmark has very strong vitality. The first group of community members have received very rich returns. This group of people is rich and interesting, but the appearance of CryptoPunks does not seem important. The community has become the largest wealth deposited by CryptoPunks, giving CryptoPunks a historically low level of time condensed.

A: CryptoPunks has become the spiritual symbol of the encryption circle, which is essentially the difference between FT and NFT. A friend once said a classic saying, "FT is consensus, and NFT is empathy." FT cannot mark emotions, but NFT can entrust emotions, and its manifestation is unique. Only emotional things can be connected to spiritual symbols, and only on this basis can CryptoPunks gradually generate value. CryptoPunks inspired the establishment of ERC721 and the NFT craze. CryptoPunks is like the first person to climb Mount Everest and will be remembered forever. It is supplied in limited quantities. As more and more people know about NFT, its price is getting higher and higher, which also expresses the spirit of Crypto and the spirit of punk. Based on the historical status, the spirit of expression, and NFT, it has become the spiritual symbol of the encryption circle.

The historical position of CryptoPunks cannot be replaced, neither Monkey nor Loot can be shaken. Perhaps the price will exceed, but the CryptoPunks logo will continue to be consolidated as more ecology enters, and the historical position will be condensed there.

W: Because I am a basketball fan, I resonate with NBA Top Shot. There is very little information about NFT on the Internet. After entering the CryptoPunks community, I found that the knowledge base here is perfect. Any new NFT project, about their characteristics and innovations, will be discussed in the CryptoPunks group first.

The community has accumulated a large portion of people who have been playing CryptoPunks since 2017. They have been doing NFT in this circle for many years. In April, many senior CryptoPunks veterans were discussing Art Blocks and were very optimistic about the technological breakthrough of this project.

Moderator L: Being at the tip of the information pyramid is very, very important. Whether the first-hand information received is high-quality information or marginal information is directly related to subsequent actions.

J: The most successful community and project on the Ethereum chain is CryptoPunks. The social value of holding it far exceeds the beauty or so-called actual value of a picture. The ultimate goal for many people to earn money in the currency circle is to hold a Punk, and I also earn enough money to buy my own Punk by investing in different projects. Because everyone wants a Punk, it becomes the spiritual symbol of the encryption circle.

02

Collect NFT strategy and experience? What are the bright projects? What do you think of Loot?

J: In recent months, I mainly invested in Art Blocks and Crypto Cities. I am more optimistic about the innovative project of Loot, which has changed the logic of the NFT project from top to bottom, and the value of NFT is given by the community.

W: The Internet has become the main place of modern life. The emergence of NFT gave the online virtual product pricing mechanism. After a picture is uploaded to the Internet and made into an NFT, no matter how many people copy the picture to their computer, they will eventually distinguish between original and copy due to the existence of NFT. Original value. NFT opened up a new field and started the process of value discovery.

The avatar NFT is used as a social platform avatar, which represents a social identity and cultural community circle in online social networking. The biggest difference between Art Blocks and other digital art NFTs is that it is natively on the chain and does not involve storage such as PNG and JPEG. Its biggest innovation is to put the code that can draw the picture on the chain and read the code through the browser. , To generate. The advantage is that as long as the ether chain exists and can read the code, the possibility of NFT disappearing is almost zero.

Damien Hirst, as one of the highest-priced artists in the world (a painting exceeding 100 million US dollars), is the first to test the new field of NFT. The release price of his works is only set at 2,000 US dollars. It is an absolute welfare for NFT collectors. It has risen to 50,000-60,000 US dollars. I believe that in the future, there will be more big-name artists of classic art testing the NFT, and these have the potential to become opportunities for high returns.

One of the main reasons for the popularity of Loot is also technological innovation. It can be used as a platform to make many games. In the future, competitors will buy Loot to make their own games, or create Loot to make their own games. These are all to be determined. It depends on whether it can form a large enough community so that everyone must use it (traffic).

A: My collection of NFT is more from the perspective of industrial blockchain. In our opinion, the most valuable thing about NFT is the underlying accounting technology of this non-homogeneous asset. The categories for bookkeeping are artworks and digital collections, and there will be many categories for bookkeeping in the future. Because human beings have two kinds of assets, one is called FT and the other is NFT. FT is currency, and NFT includes artworks, real estate, contract bills, and so on. NFT truly realized the private ownership of digital assets for the first time.

Private knowledge in the traditional physical world is protected by law, but legal supervision is a very high-cost accounting method. Blockchain creates a very low-cost and efficient accounting method and circulation method. From the perspective of the industry, NFT gave the blockchain a huge opportunity to break the circle for the first time because it was connected with traditional assets.

After the emergence of NFT, it gave birth to assets connected to the currency circle and the crypto circle such as NBA Top Shot, and realized the rapid transfer and flow of assets through the blockchain. Essential changes are the basis for the entry of major players in these eras such as Alibaba, Tencent, and NetEase. I bought Punk because I wanted to do the business of NFT, and explored in this direction. The survey found that Punk is the project with this status the most.

Blockchain and NFT have truly changed the soil, and only flowers and plants that we can't imagine will grow on them. Loot is similar. It creates the chemical reaction in NFT, which will inspire many projects and become a seed of innovation.

F: All innovations are played out. My strategy is to be familiar rather than raw, and start trading from familiar areas. From the perspective of game manufacturers, although Loot is very malleable, it takes a very long time for the final product and game to be made. A complete game development cycle will not be less than one year. Loot has not passed the test of time, it is a very dangerous behavior to rush now.

03

Understanding of encryption art? Is the emergence of generative art and programmable art overturning and challenging traditional art?

W: Compared with traditional art, encrypted art has a very wide audience (dissemination). When you make an NFT work, the world can see it; as an art lover or collector, you can see the art of artists from all over the world with a mobile phone. Works; for professional collectors, it is easy to transfer works (liquidity), because facing the global open market for collectors; transaction information, prices, and circulation information are completely transparent, and traditional art industry information is very opaque; NFT is storing and transporting On the one hand, it is safe, low-cost, and fast to circulate, and there is no need to consider storage space issues.

J: The limited edition NFT is a bit like grabbing a sneaker. You can change hands to earn 20% to 30% in two days after you buy it. More contacts have found that the art category has a unique collection significance. Different artists have very interesting understandings of the world and blockchain, and they have gradually changed from short-term traders to long-term collectors.

Xcopy, which is relatively popular recently, started doing NFT two years ago. I bought it in a bear market and the return was good. Unlike the Beeple hype, Xcopy is a very down-to-earth artist with a high degree of recognition in the circle.

A:I think the history of NFT, or the current innovation projects are all marked. These projects may have a relatively good return on investment, but the wealth-making effect of the industry will not last forever.

F: This market has a strong head effect. As young people, what I see is that these things are no longer for young people. We must look at a larger market in the longer term, so we choose Go to Gamefi. Only playable things that allow more users to participate can expand the entire NFT market. NFT art is only a very small part of the entire market.

Social NFT and game NFT can be stacked, and the most potential in the future may be the characters or equipment on the Gamefi track with the nature of social games.

Host L: Traditional art has the problem of high music and lack of music. The interactive experience of encrypted art will be much better, allowing users and audiences to participate in the creation of artworks.

04

NFT projects with Asian cultural themes are rare in the market. What is the reason for the current lack of influence? Breakthrough ideas?

J: RPC can be regarded as a domestically produced NFT project with a larger transaction volume. Kongfu Hero and River export traditional culture. It is a good publicity for traditional Chinese culture, but the culture of China for 5000 years needs more artists to join in. In the next three and five years, Chinese culture/Asian culture will be gradually introduced to the blockchain. Whether it is building Chinatown in Metaverse or different social circles, more and more Chinese people will enter, whether it is buying or issuing, there will definitely be more and more NFT projects in Asia.

A: Kongfu Hero originated in the Punk community. The element that can most arouse global empathy is Kongfu, who has designed characters such as gods and demons. Lack of influence, because many times lack of innovation, some bold things. This kind of craze will actually drive more teams to invest more resources to plan longer-term roadmap development IP. The Chinese or Asian teams can make very good projects, and gradually we will see some better projects, because it is really just starting now.

Moderator L: There are some things that time cannot pass, but you can learn from it. In the blockchain world, persistence is the most important thing, leaving some traces.

F: Many Asian projects do not have the ability to operate overseas communities, and lack people who have the ability to operate communities. We have an advantage in doing Japanese culture, but we still don’t know how to talk to the community and listen to the voice of the community. This is our weak point.

W: The success of a project is critical to the recognition of well-known collectors in the community. Because as long as the big collectors approve it, ordinary investors will come in one after another. One of the main problems with Asian elements is that wealthy Asians have always invested conservatively. The acceptance of potential customers is relatively lower than that of high-income groups in Europe and the United States.