NFT is just a JPEG image? Why is it worth over a billion?

NFTs have swept the world, and the popularity of this period is almost as good as when Bitcoin was born. Whether it is in the streets of the real city or the forwarding of advertisements in the Internet world, there is no lack of information about the issuance of certain NFTs and the lottery of certain NFTs. There are also many voices discussing NFT in major discussion areas, such as:

"I still don't understand why you should use thousands or even tens of thousands of mosquito paper to buy a JPEG image."

"I can use any screenshot tool and I can take it for myself."

"Non-fungible currency? Unique? But a unique piece of shit is worthless."

So what is the value of NFT? Today, I will tell you about several common sources of value of NFT.

First of all, NFT itself is a work of art, with artistic value that is difficult to quantify. Art is subjective, so no one can say anything here. We also don't understand the art that was sold for sky-high prices when it was pasted on bananas with adhesive tape in the early years. But the point is, how is the artwork here different from what we normally see?

NFT Chinese is a non-fungible token and a new technology based on blockchain. In short, we can attach a unique password to any electronic product to make it an NFT. The situation is like your white T-shirt that everyone can buy with the signature of football star Metz on it, which instantly becomes irreplaceable and meaningful.

It is added here that the world of blockchain is extremely transparent, and asset ownership, transaction records, etc. can all be seen here. Therefore, NFT is a work of art that can let everyone know the authenticity, the ownership is clearly listed, and can be passed down from generation to generation . These advantages are even better than those of the physical products in the past. You must know that when people buy and sell art, there is an element of showing off. "Let others know" is definitely an important part of art trading. After all, it is human nature to show identity and financial strength and satisfy one's own desire for possession.

Therefore, "people don't have me" and "everyone knows I have" are the fundamental core of NFT's existence value, which is the meaning of non-homogenization.

The second is to empower value. NFT is also called virtual artwork. Compared with physical artwork, NFT is more portable and electronic, which means that NFT can become an electronic certification document like an electronic ID card. For everyone, everyone has owned library cards, club cards, VIP cards, etc.; artworks, famous paintings, calligraphy, etc., have been seen and played by everyone. However, a membership system with highly transparent transactions, high public participation, and artistic value is a unique product of this era.

Therefore, there is no problem that the NFT itself is ugly or has no artistic value, because the issuer can "add material" infinitely, and by giving the NFT holder various rights and benefits, it can fill the connotation of the NFT and make it increase in value. You may not care about NFT, but if this NFT holder can watch the Mirror concert for free, can have a free cup of milk tea every week, and have a dinner with Buffett, then will you still be so disdainful at this time?

It is foreseeable that in the next ten years, all membership systems will undergo earth-shaking changes due to the existence of NFTs. NFTs will not only affect the art market, but also have a revolutionary impact on cultural dissemination, membership systems and identity authentication. And the value of NFT is of course more than that. We still have unlimited imagination here, which will be continued below.