Basketball was more than just a sport to me; it was a sanctuary—a place where I could escape from the pressures of daily life and find solace in the familiar rhythm of the game. The court was my sanctuary, where all my worries faded away, replaced by the focused determination to excel and the burning desire to be the best version of myself.

But life has a way of interrupting our passions and redirecting our paths. Responsibilities piled up, priorities shifted, and the court slowly faded into the background. Days turned into weeks, weeks into months, and before I knew it, years had passed since I last held a basketball in my hands.

As I sit here reminiscing about those long-lost days, a pang of regret tugs at my heart. How could I have let something that brought me so much happiness slip away? The memories flood my mind—the smell of freshly polished wooden floors, the camaraderie with teammates, the adrenaline rush as I sprinted down the court, the sheer delight of sinking a perfect shot. I yearn for those moments again, for the feeling of weightlessness as I soared through the air for a dunk, for the sweat dripping down my brow as I poured every ounce of energy into each play.

The absence of basketball in my life has left a void—a void that cannot be filled by any other activity. I have tried to find substitutes, but none of them compare to the thrill of the game. The sound of a bouncing ball in an empty gym only echoes the emptiness I feel inside. The sight of others enjoying the sport I once cherished only intensifies my longing to be back on the court.

Perhaps it's time to reclaim what was once so dear to me. To lace up my sneakers, dust off my skills, and return to the court with renewed passion. It won't be easy; I know that I have lost some of my former finesse, my shots may be rusty, and my endurance may falter. But the love for basketball still burns within me, and I am willing to put in the hard work to reignite that flame.

So, here I stand, ready to make my comeback. The court beckons, and I answer its call. I will once again embrace the familiar sounds and sensations that have been absent for too long. I will reclaim my place on the court and let the rhythm of the game guide me back to where I truly belong. The journey may be arduous, but the reward of rediscovering my passion will be worth every single step.

Basketball, I am coming home.

NFTs 2.0: NFT on Polkadot and Kusama

This is where Polkadot technology shines and where NFT 2.0 plays a role.

Polkadot allows the existence of heterogeneous fragments of specific applications. Builders can locally optimize complex NFT use cases without trade-offs, because interaction in other systems is very inefficient and expensive.

The following are NFT solutions that exist and / or are being developed in Polkadot ecosystem

Unique network

Unique network is a blockchain focusing on NFT, which provides innovations such as sponsoring transactions, bundling replaceable tokens with irreplaceable tokens, and splitting NFT into replaceable tokens to obtain partial ownership.

So far, unique network has launched two NFT projects: substrapunks from hackusama and chelobricks displayed in Polkadot decoded. They are currently running a beta connected to Kusama, and these NFTs can already trade on it: see unqnft io。

Users can send KSMS to their unique network hosting account, trade there, and then send back any earned or remaining KSMS.

Unique network aims to make their marketplace technology open source and user-friendly to whitelist users. In theory, using unique technology to build a new market for your project should be simple. Unique network aims to be a parallel chain on Polkadot, and quartz is their network on Kusama.

RMRK

Rmrk is a "hacker" and a mandatory standard directly on the Kusama relay chain. Because Kusama is lightweight, it can handle various parallel chains connected to it, but this does not mean that it has other complex chain logic, such as native NFT or smart contract to enable them. However, due to the market demand and the "chaotic" nature of Kusama, the rmrk team decided to adopt the way of "color coin" from bitcoin and implement NFT as graffiti on the Kusama chain.

The rmrk standard is a set of rules and specifications on how to interpret graffiti on Kusama, called "remarks", which can be accessed through the kernel system module in any substrat chain.

The rmrk team has just launched version 2.0 of the protocol, a set of "NFT Lego building blocks". When these primitives are put together, the builder can form an NFT system with any complexity without a smart contract. These "Lego blocks" are:

• NFT can own other NFTs, and NFT can equip other NFTs for visual changes

• NFT can have multiple resources (different outputs based on context and resource priority)

• NFT can have on chain expressions (reactions) for price discovery and social mechanisms

• NFT conditional rendering (for example, if the Mona Lisa has 50 kisses? Emoji, it shows her blushing)

• NFT can be managed by the community through alternative tokens (division of NFT)

The upcoming version 3.0 (Q1 2022) will be the module and smart contract (EVM) version of all rmrk 2.0 logic and integrated into the partner chain, so that irreplaceable things can be delivered cheaply and easily in dozens of chains.

The rmrk team is working closely with unique network. The logic and technology of rmrk will be deployed on unique network in the form of runtime upgrade (frame module).

There are already two NFT markets based on rmrk, and hundreds of projects have been launched:

• Singular: official market https://singular.rmrk.app/

• Kodadot: third party market https://kodadot.xyz/

In addition, it is available on the Kanaria platform（ https://kanaria.rmrk.app/ ）ccess and test RMRK 2.0 function with composable, nested and multi resource NFT on.

For more RMRK information, please check the video explanation（ https://url.rmrk.app/rmrkcc ）And documentation（ https://docs.rmrk.app/ ）

In March 2021, after 14 days of online bidding, the digital work "every day: the first 5000 days" of an American artist was finally sold at a price equivalent to about 450 million yuan. Subsequently, a large number of users and funds flooded into the NFT field, and the PFP market was hard to find. Affected by this upsurge, Ethereum gas fees remained high. This year is called the first year of NFT.

In 2022, when we are used to the year, month and day divided by the sudden wealth effect, when we are used to the influx of massive capital, when we are used to mining and robbing without sleep, where should the next concept explosion, the next narrative upgrade and the next grand perspective be born?

Some people say that 2022 should be the first year of Dao.

However, in fact, when you type "Dao first year" in the search bar, you will find that every year from 2016 is called Dao first year.

The first year, the first year, which year is the real first year, the future, the future, when will the future of Dao come.

Another possibility of modern organization

In 1937, Ronald Coase, the author of Coase theorem, put forward in his landmark articles "the nature of enterprises" and "social costs" (which won him the Nobel Prize in 1991): when the cost of participating in market transactions is too high, people will naturally organize together and form some formal institutions, such as associations, partnerships, companies, chambers of Commerce or other types of organizations.

There are two main types of transaction cost problems that traditional organizations are likely to encounter in operation and production. Information cost and implementation cost, divided according to the production process, should be: search cost, negotiation cost, contracting cost, execution cost, supervision cost, etc.

Dao is another possibility of modern organization. Connecting completely different individuals through code based systems to reduce search and negotiation costs; Through the new paradigm of decentralized ownership of token provisions, a new form of contracting is formed; The intelligent contract automatically executed according to the agreed rule set abstractly standardizes the governance process, so as to reduce the execution cost and supervision cost, that is, all the costs related to ensuring that the agreement is executed and enforced when necessary.

To truly understand "Dao", it is inseparable from the context of blockchain, the discussion of "ownership" and its guaranteed "governance rights", and the discussion of "code" and its "primitives". It is the blockchain protocol that shows its possibility as an effective new system for rethinking traditional finance, supply operation and other use cases that Dao has been repeatedly mentioned in recent years.

To make Dao truly the mainstream feature of financial and cooperative organizations and predict when the "first year of Dao" will come, we might as well clarify several issues - the real outbreak of Dao will not come until these repeatedly discussed difficulties and use cases are truly accepted by everyone.

Legal dilemma of Dao

Dao practice on the verge of success

The Dao is one of the early substantive experiments in using smart contracts to manage and coordinate economic activities. In early May 2016, some members of Ethereum community announced the establishment of the Dao, also known as genosis Dao, to make it a venture capital fund for encryption and decentralization space. It is built as a smart contract on the Ethereum blockchain. The code framework is provided by slock The IT team is open source development, but deployed by Ethereum community members in the name of "the Dao". Dao has a creation period during which anyone can send Ethereum to a unique wallet address in exchange for Dao tokens in the ratio of 1:100. It achieved an unexpected success during its establishment, raising 12.7 million ether coins (then worth $150 million), making it the largest crowdfunding in history.

Although the Dao has the potential to fund promising projects in the Ethereum ecosystem, it violates U.S. securities laws due to the lack of legal structure. In its report 21 (a), the securities and Exchange Commission (SEC) believes that the provision and sale of digital assets by "virtual" organizations must comply with the requirements of federal securities law.

In the case of the Dao, the SEC determined that the Dao was established as a venture capital fund, and the Dao token is a securities, which belongs to a for-profit enterprise organization, so it is subject to the federal securities law. These tokens are provided by a core organization and are committed to profitability. Therefore, unless an effective exemption from securities law is applied, any tokens related to the ownership interest of the for-profit Dao must be traded on a registered exchange to protect investors and ensure that they are properly disclosed. The securities and Exchange Commission reiterated that the law will not disappear because an organization relies on blockchain technology.

It's hard to say when the first year of Dao will come, because it's different from the outbreak of defi and the frenzy of NFT. We can find ways that can be repeated and beaten in a short time. Our exploration and transformation of people, cooperation and confrontation, and the world must be a long-term and interesting process.

• How big is the game industry- $336 billion.

• How large is the actual audience of the game- 2.8 billion people.

• How many items did the player buy in the game- About $40 billion.

• How many buyers want them to sell their game props- 81%。

Today, we will focus on the huge benefits that gamers and developers can get from this industry and the far-reaching impact it has on the industry.

First, we need to understand the current selling points of NFT

Currently, art NFT includes:

• Uniqueness: each of them is a unique work of art.

• Scarcity: there is only one style. For example, the "top 100" of the popular series are scarce.

For buyers and sellers of art NFT, there are two major benefits:

• Social value display right: like the real art market, owning a work from bayc is like owning a work of Monet or Picasso. From then on, you will be accompanied by dignity and status. Similarly, you will get the social business card of "upper class society" by becoming a member of this exclusive club.

• Resale value: like supreme or any other famous street clothes, there are only so many limited series in the world, and the products contain unique attributes. So, like supreme, you know that it will appreciate significantly over time and choose to buy (on a successful art NFT project).

As you may have noticed, this makes art NFT almost identical to collectibles. Their intrinsic value lies in the stories they tell, the reputation they give to their owners, and their monetary value comes directly from this connection and scarcity.

How does the game develop the practicability of NFT? How is it positioned in the chain tour?

The game gives NFT the third and most important layer of value to realize its inherent value: practicality. We have lived in the meta universe of the virtual world and frequently used virtual objects as players.

At present, if you own bayc (born ape Yacht Club), you can display it as your avatar at most.

In addition to this use, NFT in the game also has artistic narrative, uniqueness and resale value.

• They can be armor with actual data in world of Warcraft;

• They can be axes that you can collect and use to fight other players;

• They can be limited edition skins made by artists for the League of heroes, which you can wear and use every time you enter the game.

Why are chain game players ready to use these NFTs?

• Our expenses become assets: now we spend $10 on hero League characters or skins, which will become something we own, can trade and add value. This in itself means that we are likely to be more willing to spend more on something we know can add value and is scarce.

• Our in-game items will have a history: imagine events like the skin faker can buy or own to win the hero League World Championship. Like LeBron James' signature ball, you have a history that can always be traced back to its origin. Different from the basketball that will be damaged after use, the skin you have in the game can be used every day.

• If there is no benefit for players to develop a game, it will benefit us. But you can imagine an economic world where we can participate in our favorite game. We have part of the game. With the explosive growth of income, we can also get a share through tokens.

Why is it a very worthwhile choice for developers in the long run?

Make the cake that players are willing to spend money: at present, less than 2% of players buy in-game items, and they drive a $40 billion market. By converting expenditures into assets, as we mentioned above, there is a higher possibility to increase the share of spenders. 81% of those who have bought said they are willing to spend more money on assets if game items can be sold. Blockchain provides them with an implementation path and a reason for ownership and investment for their game characters or accounts.

Healthier game user base: axie infinity, the current leader of blockchain games, has an amazing retention rate. The retention rate of 30 to 90 day player base has hardly decreased. When you share part of the profits of the game economy with players, your acquisition cost decreases, your retention rate increases, your lifetime value increases, and players become supporters from users.

Let players be advocates: roblox provides 20% of its revenue to creators, making it one of the largest and most viscous games in the video game industry. Imagine what a game's data would be like if it provided more services to its creators and players through an active market and royalties on the blockchain.

Strangle the grey market: game developers are currently making closed-loop games. In most cases, they try to prevent all transactions, sales and sharing of assets such as skin, characters and accounts between different players. This is because they have not benefited from these "grey" transactions. In blockchain games, most of the value comes from allowing the market to complete all this work directly in the game through NFT on the chain. Developers can get a piece of each deal (axie gets 4.5% per deal).

Currently, Web3 The 0 market has been worth trillions and is expected to double tenfold by 2030. Although Web3 0 is a term that appeared in 2014 to describe a new protocol that can achieve decentralized consensus, but it has now begun to describe the public blockchain, applications and even the whole ecosystem of design ideas in recent years. Next, let's explain in detail why Web 3.0 already exists.

Web1. 0 is very simple, but it is read-only, and only a few people actively create content. Most users only use static pages and content. Most websites are owned by companies and institutions. These websites are just the reconstruction of traditional print media. Fortunately, web2 The development of 0 (where we are now) is more dynamic and exciting than we once thought.

The introduction of front-end and back-end technologies such as JavaScript and PHP enables developers to program dynamic websites. User generated content and social networks have created a new era of online creation and collaboration. Today, we can read, write, view and upload content on various platforms. We share, contact and communicate with each other on a global scale. However, there is also a problem. Today, most of the content of Web 2.0 is controlled by a few large technology companies, and all user activities are monitored.

Like other great esoteric ideas, "what is Web 3.0?" This question leads to a series of answers, which are as changeable as the people who express them.

For some people, the new terminology may feel alienated, so in this article, we will introduce some descriptions of web 3 0 and provide a large number of examples to understand these ideas in practice.

Web 1.0 is read-only, Web 2.0 is read-write, and Web 3.0 is read-write

Very simply, web 1.0 is read-only, Web 2.0 is read-write, and Web 3.0 is read-write. The initial version of the web is based on open source protocols such as TCP, IP, SMTP and, of course, http. Protocol is a standard way for multiple computers to agree to communicate with each other. These basic protocols manage the flow of information and messages on the Internet, and you don't have to pay for access if you want to build applications or services using their rules.

Web 2.0 describes the next evolution of free and open source protocol construction using the Internet. However, an important shift is that, unlike the static read-only version of Web 1.0 websites, individuals can add content to the network. Initially, the support on Digg message board has become microblog, and now there are more than 2 billion Facebook profiles.

Another subtle shift has also taken place. Instead of maintaining their own servers, Web 2.0 companies paid the bill. However, in exchange, they also created a pile of user data and behavior to build a social map that is very valuable to advertisers. In Web 2.0, individual users are products.

Ownership of Web 3.0 means that the builders, operators and users of the platform own part of what they use. Bitcoin and Ethereum are the earliest examples: in return for updating distributed billing and keeping other participants honest, they will receive rewards from BTC or eth in exchange for network security. Token based networks built on Ethereum and other smart contract blockchains have even introduced new ownership models, which are not necessarily the same as cooperation or shareholder equity models. For example, ownership may be provided in the form of tokens for service provision, such as providing liquidity for transactions, and the same tokens can also be used to manage future changes in the network.