The young designer Huang Heshan brought his NFT work "Not Bald Garden" to meet you for the first time
Interpretation of Hot Spots - Young and middle-aged designer Huang Heshan of Taobao Creation Festival brought his NFT work "Not Bald Garden" to meet everyone for the first time
On July 17, the annual Taobao Creation Festival opened at the Shanghai National Convention and Exhibition Center. Among them, NFT digital art, which has been popular among many trendy players recently, made its debut at the Taobao Creation Festival. Huang Heshan, a young designer who graduated from the Academy of Fine Arts of Tsinghua University and has a "socialist cyberpunk" temperament, also brought his NFT works and Meet everyone. The theme of the NFT exhibited this time is a set of real estate named "Not Bald Garden". (Booth) will be open until the 25th, with a total of 300 sets of digital real estate (NFT), all of which have been sold out on the second day of opening.
"Bald Lifu" is a bald rich virtual character IP created by Huang Heshan. As a real estate tycoon, "Bald Lifu" has the whole world in mind, and he wholeheartedly wants to provide real estate for people with poor economic conditions. He hopes that everyone will no longer be bald because they are worried about not being able to afford a house. Music genius Hua Chenyu and creative talent Zhu Jingxi are all his fans.
"Real estate NFT" is not a new term. In December last year, Kenny Chai, the founder of Le Bond Finance, planned to use DeFi to tokenize real estate projects. In his view, NFT is currently widely regarded as a digital certificate of artwork, and the value of most projects in the market still depends on the so-called "scarcity" instead of providing actual value. So he hopes to create an NFT platform serving the real estate market, aiming to provide liquidity for the real estate market, while bringing the obscure blockchain concept to simple but useful and interesting applications, giving real value to NFT.
The traditional real estate industry has complex paperwork to record all land titles and property registrations. And NFT can digitize the entire process. Properties can be tokenized on a blockchain network into tradable tokens that are easily exchanged in secondary markets. So we might as well make bold assumptions about the possible cashing out of two future real estate NFTs.
The first situation: the decentralization of real estate transactions is proposed, and everyone does not need to go to the real estate transaction hall to change and confirm the procedures of real estate, eliminating the need for middlemen such as brokers, banks, agents and lawyers to earn the difference, preventing Disputes between buyers and sellers over property ownership, housing prices have stabilized in NFT transactions, and the dream world of "Bald Rich" is truly realized.
The second case: Both the participants and the intermediary have a secondary share in the consensus mechanism. Sharing stimulates the liquidity of transactions, which will greatly increase the value of the holder's share, thereby pushing up the value of the consensus electronic currency on the chain, and finally realize the digitization of real estate, or real estate NFT. In this way, housing prices have increased time and time again in continuous transactions, and houses are not bought for living, but for speculation.
Everything can be chained. With the development of the market, people's awareness of NFT is becoming more and more sufficient. When people's expectations for the value of NFT gradually become stable, the risk of holding NFT will be reduced, and more people will join this market to contribute liquidity. The momentum for NFT trading may pick up. As for whether NFT can be cashed into physical real estate, how to maintain the stability of pricing under dynamic balance may require infrastructure such as more complete standard agreements in real estate NFT transactions.
