NFT

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In early 2021, the NFT market, which had been in stealth mode until then, suddenly became active. Digital art was selling like hotcakes for over a billion yen, and even tweets were fetching high prices.

The "Non-Fungible" aspect of NFT means that it cannot be substituted for other items, but it's not that simple. Whether it can be fungible or non-fungible depends on the ownership status, the condition of the item, its rarity, etc. For example, a new smartphone is fungible, a used one is non-fungible, a second-hand item is non-fungible, and a refurbished item is fungible.

The biggest innovation of NFTs is that they give value to data that was previously freely copyable online, opening up new avenues for monetization for digital content creators and creating patron communities through NFTs.

Monetization through NFTs will provide creators with an incentive to improve the quality of their digital content. A new economy will emerge by utilizing a token graph via assets, replacing the social graph.

Even if the initial enthusiasm dies down, it is still too early to conclude that the peak has passed. Currently, with the NFT boom, many companies have announced their entry into the market, but in order for the market to reach full-scale adoption in the future, it is essential to lower the barrier to entry for general users of blockchain.

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Original data: PowerPoint, 77 slides, A4 size