Jay Chou is also in the game! What is Web3 with soaring NFT value and risks, especially in foreign giants?

Since 2021, with the fire of metauniverse and NFT concepts, in addition to the layout of giant companies, many stars have also begun to enter the game. Following the purchase of NFT avatars by NBA star Stephen curry and singer Lin Junjie, Jay Chou has also exposed the NFT gifts received. At the same time, relevant websites began to sell the NFT project in limited quantities on January 1.

Jay Chou’s NFT project officially went on sale

At 11:00 on January 1, Ezek platform officially began to release the limited edition NFT project. As soon as the sales channel was opened, a large number of users poured in, and the web page was once stuck.

On December 18 last year, Ezek, a trendy art entertainment experience platform, revealed that it would jointly release the first NFT project phanta bear with Phantaci. The official sales time was 11:00 on January 1, 2022. The upper limit of issuance was 10000, the unit price was 0.26 eth (about 6200 yuan), and the total price exceeded 62 million yuan.

According to the official website, phantom bear NFT can also be used as the membership card of Ezek club. In the future, it can use its NFT tickets to enter the latest VR / XR virtual concert and related virtual real estate, and enjoy other Wuxi Online Offline Communication Information Technology Co.Ltd(300959) rights and interests.

According to public information, Ezek is starvision Entertainment Ltd. (s.e.l) incubates a digital encryption interactive entertainment platform based on blockchain technology. The founder of s.e.l is Liu Fuhong. On the official website, there is not much detailed information about the founders. It is known that the three founders are will l, mark g and ED ow. Among them, will l is suspected to be Liu Zhenhong (English name will Liu), and the technology co-founder ed ow is said to be the son of Wang Xuehong, chairman of the electronic brand HTC. According to the introduction on the official website, ed ow has cooperated with HTC and other partners, Is a continuous entrepreneur and investor who founded, managed or sold several enterprises while studying energy economics at the University of California, Berkeley.

The reason why this NFT has attracted much attention is more due to the blessing of Jay Chou. It is understood that Phantaci is a trend brand jointly founded by Jay Chou and ric Chiang in 2006, and the little bear phanta bear with star eyes is the core IP of Phantaci brand.

On December 31 last year, Jay Chou and Kunling showed the image of phantom bear NFT on the social platform, saying they had received “the first special gift”. It is suspected that NFT will be officially launched the next day.

It is reported that this is not Jay Chou’s first entry into NFT. Last October, Fang Wenshan cooperated with Soka art, an Asian art agent, to launch Fang Wenshan x Jay Chou’s joint limited edition punk cat sting (blue and white porcelain) doll, with NFT anti-counterfeiting certification.

NFT is particularly risky, with soaring value

The full name of NFT is non fungible token, which is a non homogenous token in Chinese literal translation. It is a concept derived from blockchain. After being combined with works of art, works of art or other things can be uniquely identified. By marking the user’s ownership of a specific asset through the blockchain, NFT can become a recognized tradable entity of this specific asset.

Since 2021, the NFT market has witnessed explosive growth. Not only has it developed rapidly abroad, but Chinese companies such as Tencent, Alibaba and NetEase have also launched NFT products. However, due to the advanced concept of NFT and unclear business model, it is also faced with policy or regulatory risks due to imperfect relevant legal systems, as well as unpredictable development risks in the future.

In the disclaimer on the official website of Jay Chou’s NFT project, Ezek also said that this commodity is not a financial commodity or any investment and wealth management commodity, and the design purpose of the commodity is not for investment. No matter whether the buyer purchases or sells this commodity, it is the behavior of the buyer’s own decision and responsibility. The company cannot predict or control the future price change of the commodity. If there is any price fluctuation, All have nothing to do with the company.

However, as the hottest project in the cryptocurrency circle, the market is still hot, and the value of relevant NFT projects is also rising.

Last March, twitter founder Jack Dorsey auctioned the first tweet in history as an NFT, and finally sold it at a high price of $2.9 million.

Last September, NBA star Stephen curry spent 55eth (about $180000) to buy a bored ape Yacht Club NFT in a suit and used it as a twitter avatar.

As of January 1, 2022, the value of the bored ape Yacht Club (bored ape Yacht Club) bought by curry has also risen rapidly. On the dapprad platform, the bored ape NFT occupies three of the top five selling prices within 24 hours, and the average selling price of the three models is about 620000 US dollars.

According to the data provided by dapprar, as of December 31, 2021, the overall amount of platform NFT has exceeded US $312 million and the total number of users has exceeded 87000.

Within 24 hours as of January 1, 2022, the NFT game axie infinity, which ranked first in the trading volume of dapprad, has more than 28000 participants and a market value of US $18.56 million. Cryptopunks, known as one of the most expensive projects of NFT, still leads in price. The latest transaction price of cryptopunks with the highest price in 24 hours is 315eth (about US $1.2 million).

noisy Web3 by foreign bosses

Since the second half of last year, when the concepts of metauniverse and NFT were on fire, the Web3 concept has gradually attracted the attention of the industry, and there have been many debates abroad.

At the end of December last year, there was also a “war of words” around Web3 on foreign social networking websites. Tesla founder musk and former twitter CEO Jack Dorsey were even more tit for tat with the founder of top-notch a16z.

Jack Dorsey first said that you do not own ‘Web3′. Venture capital companies and their limited partners are the owners. It will never escape the incentive mechanism. In the end, Web3 will become a centralized organization with different labels.

In response, Chris Dixon, partner of a16z, replied, “in Web3, all code, data and ownership are open source. You read it and decide what you want. VCs (including a16z) have very little.”

After a dispute, Jack Dorsey forwarded a cartoon satirizing Silicon Valley venture capitalists’ use of Web3 to circle money. In addition, he said that he should “focus on the truly safe and developmental technology owned by the public rather than individuals or institutions”.

Soon after, musk joined the dispute and wrote: “did you see Web3? Why didn’t I find it?”

In response, Jack Dorsey replied: “it may be somewhere between a and Z”, alluding to the limelight organization a16z. Musk replied again.

The result of the heated debate about Web3 was that Jack Dorsey found himself hacked by Marc Andreessen, founder of a16z, the next day. After joking that he was “officially blocked by Web3”, he also closed other Web3 supporters one after another.

Musk continued to express his views, saying he didn’t think web 3 was true. Now it seems that it is more marketing buzzwords than reality. “I just want to know what the future will be like in 10, 20 or 30 years.” Previously, musk even compared Web3 to “BS” (mad cow disease).

So, what is Web3?

Public information shows that Web3 is also called Web3 0. As early as 2014, Gavin wood, co-founder of Ethereum and founder of Polkadot, put forward this concept. At present, there is no unified concept around Web3, but it can be understood as the next era of the Internet, that is, the form of the Internet is developing towards a more democratic, more reliable data, more standard and open, more secure and stable, and the right of personal data is confirmed. In other words, it can solve many problems existing in the Internet, such as privacy exposure, data fraud and so on.

Web3 used in Ethereum can become a decentralized application running on the blockchain. For example, users do not need their own personal data when using these apps for payment, and the payment is unlimited.

In addition, there are views that Web3 protocol can provide a means for the market to share the sensitive data previously held by a few giants, and everyone can share or monetize the data, so as to finally realize the open data commercialization market.

Although the state of Web3 is not clear, and its development and application scenarios are still being explored step by step, in fact, every change in the form of the Internet has had a great impact on the whole world. For example, the emergence and development of web2 has not only promoted the great development of Internet technology and e-commerce, but also promoted the process of economic globalization.

Therefore, we may have more expectations for the future of Web3 than the metauniverse.

(China Fund News)

 

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