The full name of NFT is Non-Fungible Tokens, that is, “non-fungible tokens”. “From a technical point of view, NFT is a digital certificate of contract based on blockchain technology.” Li Ming, director of the Blockchain Research Office of the China Electronics Standardization Institute, told reporters that NFT is verifiable, unique, indivisible and divisible. Features such as traceability, can be used to mark ownership of specific assets. In March of this year, at Christie’s auction house, the NFT digital artwork “Every Day: The First 5,000 Days” sold for US$69.34 million, setting a new record for digital artworks, but also making the word NFT a strong entry into the public eye. The concept of Metaverse continues to be hot, allowing the market to see the business opportunities of NFT. According to some industry insiders, Metaverse provides NFT with more diverse application scenarios, and NFT will become an important tool for realizing digital Assetization and circulation transactions of virtual items.
However, other people believe that the sudden popularity of NFTs and the Metaverse is likely to be a well-designed hype by some media and currency circles. According to media reports, the bidder who won the “sky-high” NFT painting at Christie’s before is the founder of an NFT fund.
