jakiro
Author: Luca Schnetzler Translation: Shan Ouba, Bitchain Vision
A year ago, I started to rethink my position on NFT.In the case of sluggish market, the concept of practicality seems meaningless.The idea of allocating value from X to Y seems destined to fail.Iganly questioned my efforts in the thinking of practicality.Until I suddenly realized,NFT is culture, that’s all.Today, my argument for NFT is already very clear:Culture and identity will eventually occupy the upper hand, and everything else will lose meaning over time.Although the subjectivity of identity may be different, the impact of culture is undoubtedly far -reaching.This eplanment triggers my obsession with the development of culture and tokenization.
At present, the cryptocurrency industry is vigorously pursuing the next breakthrough technological innovation.I feel that 98% of the talents and resources of the industry are moving towards this goal.Although I acknowledge the importance of solving infrastructure challenges, I believe that the final state of cryptocurrencies is not far away.Therefore, when the industry seeks to create a cheaper and faster transaction solution, I ask you: What will happen in the world where a cryptocurrency reaches Peak Technical Performance (Peak Technical Performance)?
I believe that the future of culture is tokenization.I imagine a world that most cryptocurrency tokens are cultural tokens -as indicators to specify the past and present speculative tokens.Today, we can see this bud through the Meme token or NFT we know.However, I believe potential and opportunities are greater than most people realize.
First of all, let’s solve the elephant in the room: Why is the tokenization culture?There are two aspects of the answer.First of all, tokens created Aligned Incentives (consistent incentive mechanism) to motivate community members to support the above culture and ultimately promote further cultural development.Secondly, the tokenization enables cultural popularization, so that anyone who has the Internet connection can participate.The combination of Aligned Incentives and Access Democratization (acquisition of democracy) made me believe that the future of tokens became the norm, which is more conducive to the spread of culture than its damage culture.
This has opened up a new token category, called Culture Tokens.Under the cultural token, the definition of the sub -category is as follows:
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Social tokens (STS) -Hen/influence tokens
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Intellectual Property toke
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Consumer Brand tokens (CBTS) -Dian currency of consumer brands
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Inquisance tokens (NFTS) -The tokenization of art and collectibles (Webron products)
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History Cultural Relics tokens (HATS) -The tokens of historical relics
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Tokens (Meme tokens) -Dagin’s tokens
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Exercise tokens (MTS) -Dialization of exercise
Some cryptocurrency pureists may look down on some of the trends. I have to say that I think these are the views of negative expectations (EV).Although the headline news has been evaluated in the past few years, all the above content has promoted retail demand and increased people’s interest in our industry.Why?I think the answer is simple, that is, to meet the needs of consumers.Consumers understand MEMES, they understand the toys on the shelves, and they understand the Veblen Goods.The reason why the tokens have worked is because people understand culture.Regardless of whether you like or not, ordinary people do not care about zero project (ZK Proofs), optimistic Rollup (Optimistic Rollups) or parallel EVM (Parallelized EVM).All these things are amazing, but they are not headlines and attract more people to participate.
I treat the relationship between infrastructure and culture as yin and yang.If there is no appropriate infrastructure, the culture on the chain will never be booming. Without culture, our industry will never develop.
Therefore, I encourage anyone who despise cultural tokens to re -consider their methods.Whether you like or not, we need to be with each other.
The future of creating a tokenization culture
The purpose of my writing this article is to motivate more cryptocurrency builders for culture.Although the picture below is a graffiti on Figma, I think this representative is still correct.Everyone is walking left, no one goes right.This is a good thing. At least for those who read this article, this means you come earlier.
Of course, people want to chain culture, and they long for more.However, although the industry focuses on building a more effective version, few builders have developed products necessary for the culture on the acceleration chain.In my opinion, this is the biggest opportunity at present.If everything is planned, there should be consumer applications on the chain, and its corporate value exceeds the basic chain it depends on.Culture is not only intellectual property rights and fans, it can also be applications, markets or identity layers, and so on.In the real world, like Instagram, Snapchat, and LVMH are examples of corporate construction, creation, and pioneering culture.
Paradigm
A paradigm change is occurring between the end and culture. This transformation not only exists in the field of cryptocurrency, but also occurs in the traditional financial field.Cryptocurrencies move at a laser speed, which allows us to glimpse the potential that the financial market may have in the near future.In the 1990s, you had Bowie Bonds, you had $ GME in 2020, and today you have $ DJT, which represent a form of culture.For $ GME, it represents “going to those bankers and short sellers”. For $ DJT, you are speculating Donald J. Trump. In a sense, it is a kind ofSocial tokens.Unfortunately, for traditional finance, due to huge entry barriers, this future may not be more or less realized in the future.In any case, the concept of financial assets driven by culture and trends is not fresh, and with the speed and accessibility of cryptocurrencies, it will only become more and more common.
An interesting idea
The token culture can also be understood literally. I actually think that this is a huge opportunity, allowing someone to take a method of буквальное (bú kwà zhì -literal).Imagine an interesting lighthouse that uses the intellectual property token in the real world and allows it as a community to speculate in the chain world.The following is its way of operation:
Create the X protocol/launch platform to bring the intellectual property rights in the real world to the chain-& gt; the agreement cooperates with the Star Wars to launch an officially recognized Star Wars tokens-& GT;Launched the official $ Stars tokens.Through the license agreement, the Star Wars obtained 15% token supply and unlocked it monthly.The X protocol supports this official $ Stars tokens, which has stimulated the curiosity of hundreds of millions of planet wars fans.Even if only 1% of the Planet War fans are curious about cryptocurrencies, this is a huge victory for our entire field.The perfect operation of this type of model can open the gates for the new entry method of the cryptocurrency retail industry.
Some people may question the reasons behind this and their benefits.The answer is the brand’s pursuit of attention and income.This model can not only provide a systematic impact that the brand has suffered from competitive attention in the world of artificial intelligence in the world of artificial intelligence.Earn more of intellectual property revenue than selling higher benefits than traditional private equity/mergers and acquisitions.
Concluding ideas
In my opinion, the biggest opportunity in the field of cryptocurrency today is the development of cultural layers.The best entrepreneurs are not built for themselves, but for users.Obviously, encrypted users want more culture, they want now.For all cryptocurrency entrepreneurs, what I want to say is that it is time to give people what they want, and the future of culture will not be built.
