Why is NFT not cool?
The rise of crypto asset Meme during the bull market in 2021 recorded that the value of meme assets represented by DOGE soared rapidly. However, in the past year, with the sales of the whole market, most of the markets are selling, and the value of Meme emoticons has declined significantly. The following content will answer for you.
1、 How do we evaluate culture?
As a virtual digital currency, NFT's potential is seen as the "utility" and "network effect" of virtual digital currency, which greatly weaken the valuation model. Evaluate hotspots. NFT will cause misunderstanding between the holder and the founder. The reason why culture is meaningful is that it creates a new one through the patient work of community relations, sharing experience and collective imagination. A vibrant culture needs a very high context, which is rarely born on the Internet. As a very dynamic person MeMe, NFT can become the seed of social and cultural transformation.
Culture is the most valuable thing we have. We live in it, and it also shapes our way of communication. Our life reflects the relationship between us and a certain economic and cultural background. How we interact with and with ourselves forms our way of existence.
Culture is the expression of living habits. It relates to society and economy, and to a certain extent determines how we survive and develop. However, due to the increasingly prominent cultural value paradigm, the value of culture has not been fully developed for a long time. This is an incentive structure, which determines whether individuals use their time and talents for cultural construction or take their talents as the gatekeeper of the company.
2、 The decentralized culture of Ethereum
Ethereum has become popular around the world by establishing composable and continuous dispersed cultural values. Through digital reform, the current situation of centralized middleman monopoly profit has been broken. In view of the breakthrough scope of cultural influence, it is time to strengthen and develop a more imaginative decentralized cultural valuation framework, and to focus on larger issues, so that we can start to target and take action.
3、 Utility+hype=network effect
When we operate "attention driven" under cultural valuation, we should reiterate the relevant concept that cultural stories are valuable, because controlling the narration of these stories will bring economic benefits, which is very important for the company. This is a simplified consideration of the attention attribute, which continues to attract attention for "utility" bait and conversion game.
The utility valuation of NFT as a cultural object seems to draw on our reference to the substitutability ERC20Token. Some professional investors have better explained how to evaluate the BTC valuation method. But what we discussed. NFT, the utility of network colonization has always been the focus of network colonization. The main way to "participate" in creating exponential network effects is the connection between low background and basic methods.
4、 Is life a network effect?
Digital life (virtual) is around us, and the network effect valuation of acceptance culture is inevitably recognized as "subscription life", which is essentially passive, harmonious and "speculative". It only pays attention to the concerns represented by "participation" and the rise of figures and speculation. This is a rough attention assessment, which confuses profit and value creation. If we evaluate a place by what we do in that place, then the metauniverse will be an area where your life is reduced to network effects.
For us, it is more valuable to create our economic and social consensus by creating a new one, rather than using the short-term bias of attention driven by popularity. We should understand that cultural objects express social and economic benefits, not just economic profit opportunities. Therefore, it is our responsibility to understand the full meaning of attention. If we only focus on the "growth" of digital network driven by pure digital network effect, then we are taking away the same value of attention as corporate monopoly. Although technology is shaping our lives, fortunately, technology is constantly developing.
5、 NFT is a dynamic Meme
NFT technology has a broad front, just like Xintiandi, which is an industry that can be described infinitely. The concept of NFT as an interface or digital object is rapidly rising to a prominent position. This idea is due to interfaces or digital objects. Meme. The art community should be an environment based on the natural environment. We try to create an environment based on the natural environment. Meme, these Memes enter other Meme environments, and these Memes compete with each other. Here, Meme is in competition, and more and more suitable ideas are gathered and connected to produce higher and higher organisms.
6、 The story of our life
The power of the story is the social power of collective concern. It always contains economic significance (value). The story connects us. If we want to fully realize the value of decentralized culture, we should return to the story of life itself and tell us how to live as individuals. Decentralized culture also means decentralized ownership of the economic impact of the story. To fully realize the value of this decentralization is to attribute the story and its economic impact to the ownership of the people living in the theme of story production.
7、 New culture, new
Artists have been combined on the basis of the company. When artists establish a new culture on the Internet and become a part of the company, their distributed ownership and interrelationship through these networks have gained attention, because each member has established digital cultural goals, managed and owned digital cultural goals that represent these forms of interrelationship. In short, the relationship between human and ecology is practiced through collective imagination, creating a new sharing and preparing for construction.
8、 Change from VC mode to "Medici" mode
Impossible and impossible web promotion risk structure, schedule, transaction process term sheet web3. Investment and construction. This is because the new culture and the new economy are united, implying the effect of cultural embedding.
To sum up, the establishment of Xintiandi needs a value system. In this value system, NFT can give full play to its value as a culture by describing new stories about relevant living habits, economy and environment. After all, the establishment of a new investment model also needs cultural heritage, and investment also needs to be reformed from VC mode to "Medici" mode.