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What technologies uesd & characteristics of NFT
NFT is a digital asset, a token, with unique properties. They hold information about who the owner is, which is publicly recorded and can be verified at any time. They represent unique items and are stored on block Multiple criteria exist on each block L, think of criteria as templates for the functions you will use in SmartContract. Each standard provides specific capabilities and properties that need to be populated during NFT creation. In this case, what technologies are used in NFT development?
1. Smart contracts: Smart contracts accelerate the execution and verification of digital agreements. Smart contracts based on block L use a full scripting language to achieve compatibility of complex functions, and are executed using a consensus algorithm to ensure consistency. Smart contracts can realize fair transactions that do not rely on third-party credit intermediaries, and realize cross-industry, cross-domain, and cross-ecological value interaction.
2. On-chain transactions: On-chain transactions need to be implemented through the block L address and transaction instructions. A blockchain address consists of a fixed number of letters, numbers and characters, somewhat like a unique identifier for a bank account, that is provided to users to send and receive assets. And there is a pair of public and private keys corresponding to each other, which ensures the authenticity and reliability of verified transactions.
3. Data encoding: Through data encoding, the file can be compressed into an effective format to save storage space. When confirming ownership of an NFT asset, you are actually confirming the hash signed by the NFT Development creator. Others have the right to copy this metadata, but they cannot represent ownership.
4. Block L: Block L was originally called Bitcoin’s distributed ledger. Block L has a distributed, immutable database, which is essentially a list of recorded data information, and uses cryptographic protocols to protect the information. Blockchain offers a viable solution to the long-standing Byzantine problem.
The technologies involved in the NFT development company conference include the above four points. In the future, in the process of NFT technology development, more new technology applications will be opened, and the mechanism of the NFT application market will be continuously improved.
NFT, generally refers to the securitization of digital works or copyrighted works, that is, uploading digital content such as pictures, text, video, audio, etc. to the blockchain to generate a series of unique, non-interchangeable, and non-tamperable codes, which are called digital collections in China . “Digital collection” is regarded as one of the current development directions in line with Yuan and Universe. With the development of NFTs, digital collections have become a status symbol. Young people are willing to pay for their aesthetics and hobbies, and Beigou buys digital collections.
With the development of domestic policies and the rapid rise of major platforms, NFT digital collections have rapidly formed a wave of craze in China. At present, there are many types of online malls, and the emergence of NFT has brought more forms of digital collection malls to the market. The NFT (Digital Collection) mall is a combination of NFT digital collections and the mall model, and is a branch of the Block L mall.
The difference between the two is that the block L mall basically buys physical products, the platform focuses on building quality traceability and establishing a brand effect, while the NFT digital collection mall mainly sells digital collections, which are linked through physical technology. Ownership is linked to block L to achieve the purpose of copyright transaction and better protect the copyright of products.
Judging from the general trend of the market, the development of NFT digital collection malls is a growing trend, but the market development space is far from saturated. From last year to the present, NFT users have continued to grow. Affected by market supervision, the current NFT digital collection market mall has the following characteristics:
1. Discipline: Make decisions based on how the model works, not by feeling. Discipline not only overcomes human weaknesses such as greed, fear, luck, etc., but also overcomes cognitive biases and is traceable.
2. Systematic: The specific performance is “three shifts”. The first is multi-level, including three-level models of asset allocation, industry selection, and specific asset selection; the second is multi-angle, the core ideas of quantitative investment include macro cycles, market structure, valuation, growth, and profitability. Quality, analyst profit forecasts, market sentiment, etc.; the third is multi-data, that is, the processing of massive data.
3. Arbitrage thinking: Quantitative investment captures the opportunities brought by mispricing and misvaluation through comprehensive and systematic scanning, thereby discovering valuation depressions, and profiting by buying undervalued assets and selling overvalued assets.
4. Probability to win. The first is that quantitative investing is constantly mining and exploiting repeatable patterns from historical data; the other is winning by combining assets rather than individual assets.
How do you want to develop a mall for NFT digital collections? To build an NFT digital collection mall system, you need to pay attention to the trend of market supervision policies. At present, digital collections are deeply loved by young people in today’s z era, and have huge market space for applications in art, games, physical assets, intellectual property and other fields.
Block L technology has been initially applied and developed in all walks of life across the country. As one of its important development technologies, NFT will be popularized to a certain extent in the future, which will bring higher benefits to our daily digital collections and also its market value.