NFT SUMMER is over, is it okay in the art field?
2021 is undoubtedly the mid-summer of NFT. No matter where you go, you will listen to people talking about NFT, starting with Beeple’s sky-high art paintings at the beginning of the year, to the veteran NFT Crypto Punks whose prices have soared to the ceiling, and then to the messy Loot that was on fire a few days ago. , People’s enthusiasm for NFT is unprecedented.
But this raises another question, how long can NFT Summer last? I believe this is what many people worry about.
No one will deny that the hype cycle in the crypto field will always end at some point. DeFi in 2020 is a perfect example. When the overall market sentiment shifts from long-term thinking to short-term gains, it is time to leave.
So, as far as the projects of NFT and Metaverse itself are concerned, how can we find a balanced, stable, and healthy development path in the volatility of the market?
At the Metaverse Ecological Empowerment Exchange Conference last weekend, Mr. Chen Xu, the founder of MetaZ and the future asset research think tank MetaZ, chief consultant of NFT China, and NFT consultant of FT Chinese Network, shared "How does Metaverse cross the bull and bear?", his It’s also very appropriate to put ideas under this topic.
Chen Xu believes that empathy, virtual identity, and non-technical dependence are the three main elements that the Metaverse project can be retained in the market.
Empathy is the most important value in the meta-universe. Only by impressing users as much as possible, allowing users to show their individual diversity and richness in NFT and metaverse, and allowing users to feel the sense of connection with beautiful memories, can they build A meta-universe rich in emotion and imagination.
Virtual digital identity is everyone’s most cherished and basic need in the metaverse. The social services and technological extensions surrounding this identity are truly meaningful. People’s worldviews and values that shape images in the metaverse are even possible. In the future, it will affect the world outlook and values in real life.
Non-technical dependence jumps out of the time limit and is not affected by the core competitiveness of the market due to time flexibility. If the project depends on technology, once it is not at the forefront of technology, it is easy to be eliminated due to the technological advancement of the entire market.
In the metaverse, the value of connection and transmission is actually a human commonality. If only focusing on the inevitability of assets, the expectation of price growth, or the digital identity in the metaverse does not establish a good connection with users Sex, or trapping oneself in a technological trap, cannot rely on its own value to maintain user emotions in a market downturn.
What do you think is left in the encryption field after NFT SUMMER？
What do you think are needed for the long-term and stable development of NFT and Metaverse?
Who will next summer in the crypto world belong to? Maybe DAO
Opinion: NFT is at the end of the cycle, and the new public chain DeFi will relay
The NFT market bubble has popped and we’ve got the charts to prove it
Welcome to join our discussion~
Talor Rodgers last edited by
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