[Kasu-1] How should I look at the sudden opening of the NFT?

[Digital Today Reporter Hwang Chi-gyu] As the heat surrounding the non-fungible token (NFT) rises, the bubble debate is also intensifying. There is a talk that NFT is the future of digital art, but on one side, the bubble will soon burst after some time. There are also a lot of beeping sounds.

Considering this, the digital today crypto-specialized YouTube real-time broadcast’Kasoo’ (a crypto anarchist’s direct chat chatroom), which ended on the 18th, dealt with NFT as the first topic.

There are many opinions that the concept of NFT itself has potential, but there are quite a few parts that are difficult to see as reflecting the value of NFT in Qasu, conducted by Joonghyuk Jang of Blockchain Technology Specialist Atomix Lab and reporter Chigyu Hwang of Digital Today Was raised.

In the case of digital art auctions using NFT, which has recently become an issue due to heavy transactions, there is a shared opinion that there are many points to point out whether digital art is of real value and whether a person with NFT can actually prove ownership. done.

It was also pointed out that having an NFT does not allow anyone to claim that it is mine under the current law, and that anyone can create an NFT for the same digital artwork.

In terms of technology, NFT still needs improvement. Looking at the currently available NFTs related to digital artworks, there are many that digital art itself is not implemented on the blockchain, but digital files that are off-chain (meaning outside the blockchain network) are connected with NFT.

Director Joong-hyuk Jang pointed out that “in the future, not off-chain, but digital art itself needs to be implemented on-chain (meaning inside a blockchain network).”

It is also necessary to enhance transparency. Current NFT transactions reveal who sold and anonymous buyers. It is difficult to understand the entire purchase process. As a result, it was emphasized that there are also parts where we are not sure whether the final price is based on actual demand.

You can check out the Qasu video on the theme of NFT on the Digital Today YouTube channel . The second episode will be held on Thursday the 25th at 8 pm on the theme of decentralized finance (DeFi).