Desmoines News Desk

WIMI Hologram Leads the Way of NFT Concept with Its ‘NFT+Holography’ Model

 Breaking News
  • No posts were found

WIMI Hologram Leads the Way of NFT Concept with Its ‘NFT+Holography’ Model

January 11
04:57 2022

No one expected this to be the hottest asset in spring 2021.

A rookie game collectible card featuring NFL legend Quarterback Tom Brady sold for a record $1.32 million, and Christie’s sold a digital artwork by artist Beeple for a whopping $69.3 million. Twitter CEO Jack Dorsey’s first tweet sold at auction for $2.9 million; A 10-year-old rainbow Cat emoji has sold at auction for $580,000…

There’s a common name behind all of these weird-sounding transactions, NFT (Non-Fungible Token), a non-homogeneous Token, a crypto digital asset authenticated by blockchain technology. Artists, musicians, influencers of all kinds, and sports franchises are all using NFT to monetize digital goods that were previously cheap or free.

The sudden onset of COVID-19 has catapulted the art collection industry, which had been slow to develop digitally, into a fast lane. On the one hand, people are confined to their homes, trapped in front of computers and unable to visit museums and auction houses in person. Digital assets have become a new investment hotspot. What’s more, people are looking at the sector because they see investment opportunities in the buoyant stock market and the soaring value of cryptocurrencies.

With Celebrities, institutions’ support, NFT accelerated popularity

Since 2021, NFT concept heat has skyrocketed.

On March 6, 2021, The BBC reported that Jack Dorsey, co-founder and CEO of Twitter, had auctioned off his first ever tweet in the form of an NFT, with just five words — “Just setting up my TWTTR”. It was eventually sold on March 23 for more than $2.9 million.

Five days later, Christie’s sold NFT’s “Every Day: The First 5,000 Days” by Mike Winkelman, an American artist known as “Beeple”, for a whopping $69.3m.

And on March 16, 2021, Tesla CEO Elon Musk, a virtual currency proponent, tweeted that a song about NFT would be sold as NFT. A day later, however, Musk dismissed the idea as “not a good fit to sell NFT.”

Just in 2022, NFT is hot again. After NBA star Stephen Curry and singer Jj Lin competed to buy NFT’s avatar, Jay Chou also entered the game. Recently, the NFT project Phanta Bear (Phantom Bear) was put on sale for the first time in limited quantities by Ezek, a meta-universe platform, and Jay Chou’s Trendy brand. The total price of Phanta Bear was 62 million yuan, and it only took about 40 minutes to sell out. As an entry of blockchain, NFT has been in full swing in the past year, with many companies and stars joining in.

According to the report, Nike’s idea will be realized by introducing a model of the NFT sneaker, which has become a way to guarantee the authenticity of digital representation. It will bring to the virtual world what the brand and other competitors have done repeatedly with certain products, launching limited collections that are exponentially more valuable because of their small numbers.

So why is NFT so popular now?

The emergence of NFT has indeed improved the property rights of digital works. The particularity of digital works lies in its existence in the form of numbers rather than objects. Unlike physical works, digital works can be reproduced without distinction, resulting in the loss of property rights for such works. The emergence of NFT makes digital works unique, even if you can copy it, but it cannot replace the original work. Therefore, in the rapid development of digital economy at present, NFT makes digital works have clear property rights protection, so the fire.

From the characteristics and operation mode of NFT, it is not limited to art and content creation, but can be applied and traded in patent, intellectual property, real estate, collections, performance tickets, financial transactions and other fields, and even can become the authentication method of identity documents, certificates and other documents.

The emergence of NFT is not a coincidence. In recent years, artists and related markets have gradually fallen into a dilemma. With the advent of the digital era, piracy can be completed with a photo button or a double click of the mouse when copying.

In addition to games and entertainment, NTF can also be extended to intellectual property. And the US stock market is most likely to extend to NFT’s concept of WIMI.

WIMI has established a comprehensive library of holographic AR content, the format of holographic AR content covers from 3D models to holographic short video. As of December 31, 2018, there are 4,654 ready-to-use AR holographic content available for WIMI holographic AR products and solutions, covering a wide range of categories, including animals, cartoon characters, vehicles and food. Of these, 2,961 were used for educational scenes,851 for tourism,739 for arts and entertainment, and 103 for popular science. In addition, WIMI content library is enriched with copyrighted content licensed from third parties.

Public information, WIMI focus on the holographic cloud services, mainly gathered in car AR holographic HUD, 3 d holographic pulse LiDAR, head-wear light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and other professional fields, covering from the holographic car AR technology, 3 d holographic pulse LiDAR technology, holographic visual semiconductor technology Technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technology links, is a holographic cloud comprehensive technology solution provider.

According to the analysis of industry insiders, Internet giants have a strong technical team and a large number of application scenarios, which occupy the first-mover advantage in blockchain. They can integrate upstream and downstream industrial chains through blockchain technology, so that the original business can be further enriched and expanded.

At present, from the short-term perspective of the market, it is mainly to realize online virtual property represented by artwork to realize digital right confirmation, circulation and transaction; In the medium term, stocks, private equity and other traditional real world assets in the future will realize up-chain, liquidity transformation can be realized at any time; In the long run, the process of realising real assets from online assets to online assets via the predictive machine system will carry richer asset values.

I have to say that many people have high expectations for NFT and consider it one of the most important application scenarios for blockchain technology. And because NFT creates scarcity, “scarcity is more expensive” illustrates an important economic principle: supply and demand determine price.

Media Contact
Company Name: OBNewsOnline Inc
Contact Person: Matt Smith
City: London
Country: United Kingdom