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NFT2.0 is coming! You need to know these!

  • The new generation of NFT is more about the practicality and functionality of NFT.
  • Compared with the single-form NFT1.0, the most important feature of the NFT2.0 is the interconnectivity and scalability of NFTs: interconnectivity is reflected in that NFTs can be connected with other NFTs, data set, smart contracts, etc.; upgradeability means that NFT holders can upgrade NFT by adding metadata or upgrading related artworks.

NFT1.0: The crazy growth of new things

NFT has seen a very crazy year in 2021. According to relevant statistics, in the third quarter of 2021, NFT transaction volume reached 10.7 billion dollars. The main reason why NFTs are so popular is that blockchain-based NFTs have subverted the establishment and transfer of asset ownership in the physical world.

However, as NFT enters the mainstream world, people have begun to think about whether the actual value of NFT meets market value standards. For now, the demands of most NFT holders are not to value the assets behind the NFT, but to buy at a low price and sell at a high price. Such an NFT market inevitably seems too irrational. In the next stage of NFT, we may see more rationality in this field.

NFT2.0: The return of NFT value

After the craze in 2021, the NFT market in 2022 will continue to boom, but it will become more rational. The practicality and value of NFT will be more considered, and this will form the era of NFT2.0.

Compared with the single-form NFT1.0, the most important feature of the NFT2.0 is the interconnectivity and scalability of NFTs: interconnectivity is reflected in that NFTs can be connected with other NFTs, data set, smart contracts, etc.; upgradeability means that NFT holders can upgrade NFT by adding metadata or upgrading related artworks.

It can be seen that the new generation of NFT will be more about the practicality and functionality of NFT.

Take the representative Cyborg-Goody NFT as an example. Cyborg-Goody NFT is a kind of data NFT. Because it is connected to the data set, Cyborg-Goody holders can confirm the ownership of their data through the NFT and get rewards in safe sharing. Compared with ordinary NFTs, which have poor liquidity and a single income model, Cyborg-Goody NFT holders can start the income as soon as they own the NFT. And because it is in the early stage of the project, current Cyborg-Goody holders can get rewards just by sharing sleep data, which greatly reduces the threshold for users to participate.

GoodData, the creator of Cyborg-Goody NFT, is a blockchain platform dedicated to the safe sharing of data value. In the process of exploring data value unearthing, GoodData discovered the potential of NFT in the field of data value sharing.

In addition, how to realize the coexistence of data privacy protection and data sharing is an important issue that GoodData needs to solve. In this regard, GoodData combines the open, transparent and traceable characteristics of the blockchain with privacy computation technology to realize the security and accuracy of the data in the sharing process. At the same time, through the combination of incentive mechanisms and smart contracts, it ensures the rationality of data value distribution. .

In the increasingly competitive NFT market, GoodData believes that truly valuable NFTs will definitely withstand the test of time, and NFTs project must take a universal route if they want to subvert the traditional ownership model and realize social value.

Summary of GoodData’s official account

website: https://goodata.io/

NFT introduction: goody.goodata.io

WeChat subscription account:Good Data Foundation

White paper:https://goodata.io/whitepaper.pdf

Medium:https://medium.com/gooddatafound

Twitter:https://twitter.com/gooddatafound

Telegram :https://t.me/gooddatafound

Discord:https://discord.gg/v9WayuMpHs

Reddit:https://www.reddit.com/r/GoodDataFoundation/

Weibo:https://weibo.com/7579699020

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