What are the advantages of NFT and what is web3?

luckydog@newsletter.paragraph.com (LuckyDog) — Thu, 12 Dec 2024 15:53:47 GMT

This is the first advantage of NFT over other physical collectibles, which is absolute fidelity. The second advantage, of course, is beyond Internet replication, that is, on the blockchain, engraved in that block location, as long as everyone agrees that it is valuable, that is, the only copy, unlike the Internet can be copied indefinitely. The third advantage is that compared to physical collections, its display and dissemination will be much more convenient, without the need to visit your home - how many people will come to your home? Even if placed in a museum, there are very few people who can see it.

What do we mean by web3? You can log in anywhere with your online identity. Unlike the Internet, you need to register WeChat on WeChat. In theory, Tencent gives you an identity. Can Tencent take back WeChat? Of course, if you say something disrespectful, your online identity will disappear, which means that this identity is not yours, it was "given" to you by someone else, and the ownership still belongs to them. Similarly, when you go to Alipay, you have to register and Alipay will give you. Web3 means that as long as you have a string of private keys, you can log in to everything with your wallet, it's all yours. There's no one else giving you an identity, and others just help to show it. Naturally, they can't strip you of your on chain identity because the private key is yours.

So NFT can be a display of your on chain identity, or it can be displayed as your asset. You said you were going to eat, does the boss know that your net worth is over 100 million? I don't know, but Larry went to Otherside. How could he know? Oh, he has over 400 pieces of land, because your on chain identity binds all your assets together. It's like when you go to eat noodles, you write on your head how many houses you have and how much money you have in the bank - this is easy to display, but not very lacking in privacy? So the on chain identity is the on chain identity. As long as you don't link your off chain identity with the on chain identity, everyone knows Larry. Who knows Cai Leilei is that person?

The future is an online world, this is a clear future, offline time will become less and less, while online time will continue to increase. The Meta Universe is also a clear future, as well as web3. Because the Meta Universe needs to build a community without supervision, and to be open and inclusive, it must let identity control itself, so there will be no account password (it is impossible to return to the information island of Internet web2), so it must be the bottom layer of the blockchain, so it must be web3, so your identity must be related to assets and nft.