Is it real liberation, or the continuation of reality, in the WEB3 world? ｜NFT Writing Fund Weekly Report 0822–0828

Since its launch on April 25th, "NFT Writing Fund" is about to enter its 16th week. #NFT Review currently has 301 articles, of which 90 articles have received more than 1 hour of reading within 7 days of publication. Hours, 120 articles have been supported by readers, and the highest matching donation record for a single article is as high as 2200 Likecoin! In addition, in order to allow more good NFT articles to be seen, articles in the #NFT tag will also provide author rewards if they comply with the fund's reward methods and rules!

What is WEB3? As soon as this question comes up, some people will think that they are still groping, and should not give a definition arbitrarily, but more of them are confused, and Zhang Er King Kong has no clue. The term started to pop into the public eye when Facebook changed its name to Meta. Then, as BAYC sold an astonishingly high price, Opensea was hacked to steal data, Luna's avalanche fell, and even Solana was attacked, making the rising star disappear. This kind of decentralized technology application is destined to accept cynicism and sour words from all directions.

Although the voices of doubts continue, the continuous development of WEB3 can be said to be inevitable. Just like a toddler, one day he will grow into an adult on his own. Various events not only failed to shatter the original beautiful imagination, but instead provided experience to improve services, so that the illusory glimmers of light had a more accurate connection with reality.

However, with the establishment of the prototype of the architecture, more and more certain rules have been written. Whether such "truth" originates from the original intention of WEB3 to bring liberation and break away from "reality"; All the abilities have absorbed the last ray of freedom into the void called "truth".

📝 "NFT Writing Fund" event reward

✍ To the author:

 💰When an article gets more than 0.5 hours of reading time within a week of publishing, you can get matching donations:
Matching Donation Amount = Number of Supports (within one week of launch) x 200 Likecoin. For example, if you get 10 support, you can get 2000 Likecoin.
💰The articles with the most reading time accumulated in the current week (not limited to publishing in the current week, but only the accumulated reading time in the current week) will get the "Most Influential NFT Observation" POAP.

👀 For readers:

 💰All readers who supported the article "Get the Most Reading Time" during the week will get 100 LikeCoins back.

👑 "The Most Influential NFT Observation" works

Daily feed｜【Must Read】SoulBound Token (SBT) will be the beginning of NFT to truly change the world? (top) by @ myttt.eth

Daily feed｜【Part 2】SoulBound Token (SBT) will be the beginning of NFT to truly change the world? (below) by @ myttt.eth

The invention of SBT changes records from centralization to decentralization, and the structure changes from top-down to bottom-up. Every record of yours, whether good or bad, will be witnessed by the entire blockchain, and no one can control it. The emergence of SBT means that we will have a higher quality database, because each SBT cannot be transferred, and any operation on the blockchain will become accurate.

SBT makes everyone's records more visible, so there is also the risk of exposing privacy. The blockchain is extremely transparent, and we will know most of his life, background, interests, and even behavior patterns by looking at the SBT of a person's wallet in the future. This helps different people find their "target" faster. For example, criminals can quickly find the core of the organization's power to bribe, or even harass and attack.

Since its launch, DeFi, NFT, and Digital Currency are the most attractive, but also the most daunting, because of their decentralization; they also represent freedom and equality, but they lack the principles of governance and supervision, and they are afraid of their own investment. The money will be gone forever, deterring many who want to try it.

Today, through the introduction of the author @myttt.eth , I was able to get to know the SBT (SoulBound Token) that the founder of Ethereum, Buterin, called the Soul of Web3. The biggest advantage of SBT is to improve the identity stability of each user, and to record all the behaviors on web3, which has the potential to solve decentralized disputes, that is, "criminal behaviors in decentralized systems are difficult to find. "People are responsible" is the most criticized issue. Although the relative privacy problem has once again become a side effect of SBT, there is the possibility of development and improvement in the future, which is worth continuous observation.

🦄 Carefully selected themes

01 What is web3.0? What does it have to do with our future? by @Anna Lin

Web2.0 users are like migrant workers, who go to work in other people's factories or farmland, and increase their income by constantly producing creations, but in the end the biggest profit is the first party who created the platform. But when it comes to Web3.0, everything will be different. All personal creations will have "content ownership", which will always exist on the blockchain in the form of NFT. Personal income or various information will no longer be The big platform takes whatever you want.

Web1/Web2/Web3 not only symbolize the evolution of the times and technological innovation, but more importantly, the overall concept is quite different. From focusing on individual users, where institutions lead information dissemination, to eliminating institutions and decentralizing each different user; It is a necessary condition for the system to work. "Every one counts", you are not using web3, you are creating web3.

02Who trapped the NFT market? by @ c2x3

In fact: even as more and more people want to bury it, the NFT ecosystem is more vibrant than ever and seems determined to continue its journey for the foreseeable future!

For the general public, there is no better understanding of the state of Web3 than the state of the economy. With the cold winter ushered in by the currency circle and NFT, is Web3 a bubble? How long will it last if it's a bubble? Such problems continue to appear on the pages of various investment analysis network celebrities. Carefully examine the NFT transaction volume, and through long-term data observation, you can find that the market is still there, and it has not disappeared due to the general environment. This is also an opportunity for people to reflect on what kind of truth they should believe.

03 NBA Topshot: Looking for the remaining meaning in the lonely NFT market by @MingDynastyVase

Like all human collections, time is also one of the values of collections. It is difficult for emerging NFTs to occupy the top of the market that is firmly occupied by old IPs such as Boring Ape. After more than 4 months, I have become a member of the community. Although my investment is negligible compared to hundreds of thousands of ETH whales, I am very happy to find a little meaning and fun in the chaotic NFT market.

From the author's perspective, it can be understood that what really matters is not how much you earn from your investment, nor is it not about entering an amazing community, but through the exploration of the Web3 world, creating meaning for life and exploring more joy in life. In the Web3 universe, which is all constructed by virtuality, isn't the feeling in one's heart the most real?

04 NFT lending also has a death spiral? Can blue chip floors hold up? - Block D Weekly by @Uncle D

Since the transaction price of the liquidation auction can be lower than the floor price at that time, the floor price will be lowered a little more each time it is liquidated, which will trigger more NFTs to enter the liquidation process. The situation seems to be about to turn into an unsolvable death spiral...

DYOR (Do Your Own Research) has always been a word in the investment community. However, it is said that the currency circle is one day and the stock market is one year, and sometimes it can't be stopped when the flood comes. NFT lending can be described as an important attempt of NFTfi, which may be able to change the shortcomings of NFT liquidity and further enhance the empowerment value of NFT. However, taking the BendDAO incident as a lesson, it may be difficult for DeFi to move closer to decentralization in the future.

🎉 Extras

[Mi Gao Xue Minting #010] NFT is broad and profound by @米高 and puppy ThankYou

I encourage every friend who has stepped into the currency circle or NFT circle to try not to stop at speculating coins, chasing Airdrop or writing articles to earn coins. Instead, find a few like-minded friends in the currency circle and try to create projects in the field of Web 3.

Daily feed｜[Beginners must read] Henry Zhang’s highest NFT transaction price exceeds one million? Tell you what "Virtual Trading Wash Trading" is! by @myttt.eth

However, wash trading is not as easy to spot as you might think. Because a person can hold a large number of wallet addresses, not only the left and right hands, but also the thousand-handed Guanyin, it is difficult to trace whether Wash Trading…

Technology always comes from human nature, and human nature has both good and evil sides. As NFTs become more and more familiar, their ability and space to transform the world and bring value have been continuously verified and supported. However, there are not a few people who use speculation to make a lot of money in the hope of taking advantage of the bubble trend when the boom appears. In the additional part of this issue, through the two stories shared by @米高and the puppy ThankYou and @myttt.eth , we can see the good and evil of human nature when NFT technology is new.

👀 "Author Reward, Reader Incentive" list

Congratulations to Uncle D' s article for accumulative reading time of more than 0.5 hours during 8/22-8/28, and won this week's author reward fund! In the future, I also look forward to the creators to continue to bring you wonderful and inspiring articles!

Finally, congratulations and thanks to @Free Elf | Dobby , @Ali for their unique insight, they have excavated excellent works for Matt City, because of your valuable support, more excellent works can be seen!

🚀 The " NFT Writing Fund " activity is still in progress, welcome more authors and readers to explore and share! Authors, please remember to tag the article with #NFT review or #NFT !