The Digital Art NFT Boom，What Is The Value of CU IDcard

Nowadays, the popularity of encrypted digital art makes NFT rising again and even hotter than 2017. Leading by major projects such as NBA Top Shot, CryptoPunks and Decentraland, NFT has achieved rapid growth.The rise of NFT will likely bring a new round of opportunities in the field of games, virtual real estate, and Metaverse. In the Metaverse world, CU IDcard is the bridge linking NFT and Metaverse.

NFT Prosperity — A virtual key to the real world

What is NFT

NFT, that is non-fungible token, how is it different from Bitcoin? Bitcoin is a kind of FT coin (Fungible Token). The difference between the two is that NFT has uniqueness and authenticity, while FT has the characteristics of divisibility and interchangeability, precisely because of the uniqueness of NFT and authenticity, it can be cleverly combined with art collections.

The development history of NFT

● From 2012 to 2013, Colored Coins appeared on the blockchain, which represented different assets for different purposes.

● From 2014 to 2016, a large number of card games and Meme transactions appeared on the blockchain platform Counterparty, and various electronic games made the digital assets stored on the blockchain technology popular.

● In 2017, Dapper Labs studio released the first project CryptoKitties based on the ERC721 standard. It entered people’s vision and triggered the first wave of NFT attention. Because of the popularity of CryptoKitties, Dapper Labs received tens of millions of dollars in financing twice in 2018. .

● In 2020, Dapper Labs released the NFT blockbuster project-NBA Top Shot to the public.

Story between NFT & Reality

In the past May, everyone in the currency circle has experienced a memorable 519 incident. The suppression of national policies has greatly reduced the price of the currency, but the impact of the NFT market has been minimal, and it still continues developing.It is bold to break the circle.

The e-commerce giant eBay allows the sale of digital collectibles NFTs such as trading cards, pictures and video clips on its platform; Fox Entertainment Group has established an NFT studio to plan and sell digital goods; Gucci will auction the first NFT artwork at Christie’s and start auction The price is 20,000 US dollars; auction house Sotheby’s auctioned a 20-second NFT “Two Degrees” video about environmental protection; the Associated Press celebrated the 175th anniversary of the establishment of the Associated Press in the form of an auction to commemorate the NFT; etc. “NFT+” Circle breaking behavior

With the celebrity effect and the endorsement of well-known auction houses, NFT quickly entered the public eye, and the fiery NFT trading market further gave birth to the NFTization of everything. The tipping point of this round of NFT is a painting called “Everydays: The First 5000 Days”. It is a 316MB JPG file that digital artist Beeple (real name Mike Winkelmann) has created and uploaded a new digital work every day since May 1, 2007. A total of 5000 pictures are stitched together. On March 11, 2021, Beeple’s NFT work was sold at Christie’s auction house for 69.346 million U.S. dollars (approximately RMB 450 million). The sale of “Everydays: The First 5000 Days” attracted media attention and publicity, and Beeple became famous and set a record for NFT works at the same time.

Cryptouniverse — The first IDcard into the crypto world

What is CU

CU (Crypto Universe) IDcard is committed to providing users with the first ID card in the encrypted world. It allows users to obtain governance and identity rights in the encrypted world. From then on, the identity on the chain is not only a string of codes, but also a This represents the decentralized spirit of blockchain across the world and regions. CU IDcard welcomes players from all over the world to join and form a family together.

The relationship between Metaverse and CU IDcard

Metaverse is an upgrade iteration of the Internet and the evolutionary direction of the next generation of the Internet. It is a continuous virtual space that can be shared. In this virtual space parallel to human society, people use virtual identities to entertain, socialize, consume, etc. These behaviors do not require personal participation, but can interact with reality. The investment of many overseas industries in Metaverse will reach trillions of dollars. This emerging field is shaping a new Internet paradigm. The positioning of CU IDcard is the interface for paradigm shifting. It provides users with the first place in the world of encryption. An ID card, through identification, expands the new world of identity habitation.

The bridge linking Metaverse and NFT

No matter how the enthusiasm of NFT will lead to the explosion of Metaverse, Metaverse is the future. Assuming that when we have a digital artwork that does not exist in the real world, should we display it in a related virtual world environment so that the public can enter it through a web browser or virtual reality technology (VR).

Artwork is only a part of the new economy of the virtual world of blockchain. In this virtual world, land, buildings, virtual characters, and even names can be made into NFTs and sold for hundreds of thousands of dollars. In these virtual environments called “meta universe”, everyone needs a decentralised identify system, in order to be trusted and recognized.

Establish your NFT digital artwork identity

CU IDcard is the bridge in-between Metaverse and real world. Through the protocol agreement, each CU DIDcard owner can index his favorite works of art in his digital identity. In the identity, as a channel to show your personal expression.

For creators of encrypted art, they can also put their works on the open market through the identity agreement for CU IDcard users to choose. As a bridge linking the art world and the encrypted world, digital identity will greatly promote the encryption of works of art. And to provide artists with more income-generating channels. This will greatly promote the universalization of encryption art!

The CU IDcard digital identity protocol binds encrypted identities with art, through the rigid demand of identity, supplemented by the community’s memeized personalized artistic expression needs, to jointly build a new encrypted art market-the digital identity art market!

CALL OF CU

As you know in the above introduction to NFT and CU, do you also want to have a CU IDcard of your own? If you have a strong curiosity and creative desire for NFTs, you are welcome to participate in the world’s first NFTs artwork contest hosted by CU. The CU team has opened a low-threshold participation method and a rich bonus pool for global users! Both creators and users who participate in voting have the opportunity to get rich rewards! The submission time is from June 8th to July 31th. All participating creative works will also have the opportunity to become the background of the Crypto Universe creation identity and enjoy the permanent dividend income from the card prize pool! For details of the event, please follow the official Twitter @CU_NFT.

An effective link between the encrypted world and personal value

CU is a bridge linking the encrypted world and the traditional world. Based on the decentralised identity, digital information will become unique asset value, such as art, medals, props, virtual images, etc., which are indexed through NFT, and the encrypted data’s value is recognised, easy shared and fast distributed.

CU IDcard integrates the on-chain and off-chain information into the NFT. Each identity NFT ID is unique, and the NFT can contain various types of metadata.

In the future, players will be able to customize their own CU IDcard according to the protocol. It can index everything from digital goods (such as items in the virtual world) to physical assets (such as clothing or real estate). CU’s DID card, your future identity on the chain will be extraordinary and unique!