Hello everyone, I’m Michale. Today, I’m going to talk to you about a topic that I’m very concerned about. It may not be very hot. It’s called NFT. In fact, friends who have followed our canal a long time ago should know that I started at a very early artwork expo of the new pants band. Understand how NFTs are combined with artworks and went to the scene to report the situation of the exhibition to everyone. In fact, the feeling of NFTs in this exhibition was very weak. Later, I also went to the scene to show you the auctioneer of encrypted prowes. Gives be seen to what extent much the NFT auction can sell for, right? It s Song Tings NFT art exhibition. So far, NFT has been auctioned for sky-high prices. Like the previous Beeples Everydays: The First 5000 Daylights, a part connected in series sell off about 7,000. A sky-high price of more than ten thousand US dollars, so the NFT sector has always been a sector that I am very concerned about. So far, the NFT sector has reached a market value of 18.6 billion US dollars, and the weekly hot spot are either the top 3 or the top 5. The net inflow of stores is very impressive, so NFT The area is advisable to the next most seductive neighbourhood where the blockchain can be integrated with the physical world and legally licensed by the government and can be perceived by everyone. So today I won’t talk to you any more. It is NFT. For what is NFT, you can refer to the program we talked about before that can fly -NFT) How does it wield? What kind of studies can it replace? What innovations does it have? Ok, let’s talk about it slowly. Let’s discuss what NFT is. NFT is called a non-fungible token. We are in In the previous program, I “ve told you” what it means to be called a homogenized token like Bitcoin and Ethereum, which meant that theoretically one of my Ethereum or one of my Bitcoins can be the same as the Bitcoin in your hand. The exchange will not say that your second bitcoin is more valuable. Everyones bitcoins are similar, right? The non-homogeneity means that one of my silvers and one of yours have differing properties and conditions, although everyone is called NFT, but the appraise it represents is completely different from the evaluate representatives to my money. This is called non-fungible tokens. It is very important to use non-fungible tokens in the proof of artworks, digital owned of artworks and certificates of deposit of artworks. The value of each artwork’s NFT represents the digital copyright of the artwork, so each NFT is different. What does F-NFT mean? Fraction Non-fungible token fraction means that it can be understood as a small token fraction. In the sense that there are countless fragments in the split, then it is understood as a divide NFT. If it is more popular, the ownership of the NFT can be scrapped and distributed to all purchasers. For example, NFT we No matter how good an craftsman is, can you send an NFT work only to one NFT, right? Then such an NFT is first of all, its value is most important, its liquidity is very poor, and it can only correspond to one collector, then if you use F – If you do it with NFT technology, you can fragment its importance and let countless parties regard it. For example, this is a logo of our article. It is a bit ugly, but for example, if you use the NFT method to get it on, then If the collector obtains him, then it is impossible to correspond to one person, but F-NFT can fragment it and how many bits it is divided into.It is up to everyone to decide how many fakes I develop. After the F-NFT is completed , the owner of each scrap has equal rights to the painting. I can split as numerous forgeries as I issue. So what does this mean for the NFT in terms of technology and the market? Lets take a look at the gist. The following table told us what is the difference between using F-NFT and using NFT in the various scenarios he demonstrated. Causes take a look at the first one. If you have a CryptoKitty, you have an encryption Cat, then if you get his NFT, then you are unable own it by yourself. You can own it and you can own it. What it will look like This quality is owned by you are the only one who, but if it is F-NFT technology, then you can have it. Multiple customers who own the same Kitty can use the same original and different dapps at the same time and can compile different skills for Kitty at the same time. If it is a virtual character and a role in the game, then the NFT can only be owned by the ownership of the token, and all the characteristics and sciences is impossible to be owned by a single proprietor. If it is an F-NFT, several users can connect non-simultaneously When you run out of personas, you can use them, he can use them, and I can use them, so everyone can grow his experience while rehearsing this character.Its equipment, its strike ability, and its protection ability can be used by multiple customers. When it is not used at the same time, cause his experience value increase. If it is digital art, the same single used, if it is NFT technology, simply one person can own property ownership. When sold, this person has all his income and you have to pay him all If the cost is an F-NFT, it allows multiple users to display his work in different places at the same time without being liable to its owner or paying a fee.That is, if I only buy one of its I can also display my accomplish drudgery of this painting in my correspond I need incident as I want without the owner’s agree. Even if I sell it, the associated reward is likely to be payed. If mine is a digital artwork, for example, if you buy a cover, etc ., then NFT can only attain the ownership of the cover belong to one person, which means that you have to pay for all the cost of the draw yourself, and then all the money will be sold after the sale. The income is owned by you personally. If it is an F-NFT, numerou users can show this work in different places at the same time. Harmonizing to my needs, I need to be in Beijing and he needs to be in Paris. I can be demonstrated it at different places at different times. This painting is required for my place and there is no obligation or pay to its owner as long as you don’t trade it you just show it and you don’t need dispensation because you own part of it and you can do a full spectacle that’s F- One of the characteristics of NFT in digital artwork is that if a single proprietor of a racing competition has the right to “re driving”, but if in the game scene, F-NFT can use multiple users to use a vehicle at the same time in different arenas, as long as it is not It can be on the same track, that is to say, in the virtual environment, as long as you do not race on the same track, variou tracks can be played at the same time because you are both part-owners of the car and if the skills of the affair are increased, the same car It will also increase.If it is a virtual real estate properties, a single user is impossible to appoint, use, tariff or demolish the virtual real estate, and can only be responsible for a single consumer. If it is an F-NFT, variou users can participate in the creation of the planned. And enjoy some benefits or value-added services in the future, so with a decentralized engineering like Fractional, the boundary of NFT’s imagination space has been extended. It is not just a work of art or an NFT corresponding to a manufacturer. A person, right? He can segment it into countless scraps. It lowers the threshold of NFT and compiles its extension larger. What is more interesting is that the F-NFT ft of each fragmented NFT after it is split can be used as an same F-NFT ft. What does it mean to use the ERC-2 0 tokens of the cost? For example, if I buy a scrap of this work and I own 1/10 or 1% of its copyright, then I can use Uniswap or Sushiswap for some decentralization. Pledge its evaluate in the exchange to procure its recognition of its liquidity, which realise his token very sexy because every token can be traded and bought on exchanges or decentralized exchanges . In the original art work transaction process, I was the author of the original painting, I procreated this paint, and after I sold it, the cover later was increased to 10 million to 100 million, and the author of the depict did not pay half a cent. In this NFT or F-NFT world, each time I buy or sell its token, the author of my original painting can be given the corresponding copyright reward, and it can get the value-added of the sign from this deal for countless generations. Therefore, this will allow the author of the painting to continuously obtain the right to benefit from the NFT copyright, and if the artwork corresponding to the F-NFT is to be auctioned again, all the F-NFT incumbents can jointly decide this photo. What should be the minimum rate of the make-up and you can change its price at any time during the auction process. Just expend your share to vote. When the paint is sold, you can get an equal ratio of the corresponding percentage of Ethereum as your In return, in my view, F-NFT has a more interesting value. He can test the market value of this work. For example, after an NFT author initiates a undertaking, he can only sell it to the market or sell it. Is it right not to sell? Then you can take out 10% or 20% of the clues now. For example, I have 1000 F-NFTs, I will take out 100 and I will shed them on world markets first to see what everyone thinks about this work and my job. How high is everyone’s identification? What is the auction price? From this, I can deduce the approximate market ranking of my job. How should the expenditure be priced? What will NaF-NFT bring to some of our industries? For example, in the auction manufacture of our famous draws, the auction repetition of such famous make-ups is often very long and the process is very opaque, and we can only wait for a merchant to give its price.If we can fragment these classics or F-NFT, each sign purchaser can lock the ownership of the cover through smart contracts, then its busines and flow accelerate will be very fast. Not only The same is true for decorates, auctioneers, and the use of some props and places in our virtual commodity activities. F-NFT can greatly enrich its give situations and increase its circulation, earmarking everyone to participate and share its benefits. Speed up the promotion of its market, but n w Fractional techn logy is exclusively a technical feeling, but t is is also an opportunity for everyone. For e bountiful, if we can create an exchange based on Fractional F-NFT technology, we ca introduce all the The artwork is confirmed here, so that its clues can be seamlessly grafted with the real art and create executable smart contracts and have a reliable publishing platform. Is this not for the F- NFT track? It will be more sexy. Will this be a potential opportunity in the industry? Let everyone consider it. This thing is our programs today. If you think our programs are valuable, please like and forward them. Or comment on our channel. You are also welcome to join our Sina and YouTube members to support us in manufacturing better platforms. Thank you for watching the next curriculum. Bye.