What NGC is thinking on NFTs?

Metadata Container for Web 3.0

When discussing NFTs, what exactly are we talking about?

  • Digital Art NFT: Includes metadata such as the number of issuances, artist information, storage address (HTTPS/IPFS), etc.
  • Gaming NFT: Includes metadata such as attributes, levels, rarity or type of item/ character.
  • Uniswap V3 NFT: Includes metadata such as ID, pair, Min Tick, Max Tick, easter eggs, etc.

TL; DR

As a professional investment institution in the crypto space if we were to view all these NFTs as the same it would be a lapse in our judgment. Although they are all labeled as NFTs, they are clearly not the same. We are then optimistic about the prospects of a certain type of NFTs:

  • Digital art pieces, especially in the Eastern art scene
  • Blockchain games, where they are both fun and economical such as Card games to RPGs
  • Asset Liquidity Solutions, from native digital art NFTs to anything in the real world.

Digital Art Assets

There have always been several major problems in the traditional digital art market from being reliant on centralized exchanges to the auction and bidding process. When approaching from the blockchain angle using Ethereum to facilitate transfers results in high transaction fees. Furthermore, artists and creators can only profit from the first time it is sold and cannot receive any revenue downstream. Since there is no control over the pricing of artworks, it is almost entirely up to middlemen or collectors. Works of digital art may then also be destroyed by buyers through loss of private keys resulting in art pieces not being able to be traded on the market further.

Source: https://ourworldindata.org/grapher/gdp-per-capita-maddison-2020
  • In the 70s, the US witnessed the emergence of Disney, Marvels and the counterculture movement, and hipster culture which quickly spread globally
  • In the 80s, Japan became the birthplace of animate culture, exporting the Nintendo, Bushido, the soul of Japan, and Gekido no showashi ‘Gunbatsu’
  • From the 90s to the 21st century, Korea was known to the world for its K-POP, Korean Drama、Korean Girl Group, and the so-called “Miracle on the Han River”

Blockchain Games

Use Case of Algorithmic Stablecoin?

Asset Liquidity Solution

The emergence of Convergence Finance opened doors for individual investors to the high-end art market. Fragmented NFT investment enables expensive, high-yielding high-quality digital collectible assets to penetrate the retail population, greatly improve the liquidity of digital art assets.

End

As we are stepping into the Web 3 Era, with the development of the Metaverse comes the meta-concept NFT, embarking on a newly invented socio-economic order out of chaos. Here we are at the infancy stage of this new order, to observe and experiment with a new tool to create and exchange values and beliefs.

  • The investment thesis of a digital real estate fund
  • Metaverse opportunities & the role of NFT & blockchain
  • Gamified social experiences in the Web3.0 era

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