#NFTsummer A few weeks ago, we interviewed Xixi Huang (AW#17) in Mandarin and as the AppWorks Fellow who helps us out on the blockchain side, Xixi has a lot of ideas that are worth sharing to a bigger audience. Here's his interview in English:
西西 (Xixi) 黃士晉 is an AppWorks #17 alumni and co-founder of Rydeit. His mission is to bring the applications of blockchain to everyday life because he believes that blockchain can make the world a more fair and better place. As an AppWorks Fellow, he is responsible for guiding founders to think about blockchain and providing insights on blockchain-related investment deals. Before AppWorks, he led his previous team to build more than 10 dapps, including famous games in Taiwan such as 柚子打魚 and Shrimp.Finance. Within a month of launching these games, they had amassed over NT$ 100M (~US$ 3.5M) in transactions. His favorite pastime is traveling with his grandma, and his ultimate goal is to persuade her to buy Bitcoin!
Check out what Xixi has to say about blockchain and NFTs.
#NFTevolution
I started to learn how to write smart contracts in 2016, and learned the entire logic of ERC-20 for tokens and ERC-721 for NFTs. While I was learning about NFTs, I realized that the combination of NFTs with video games was very fitting. In video games, the treasure and equipment you collect becomes virtual assets as NFTs. And the process of using smart contracts to exchange items was very efficient on the blockchain.
At the end of 2018, I designed and created a zombie video game, integrating the concept of playing and drawing cards and packs. Within a pack were 3 NFTs with zombies on them. As a player, the more cards with zombies you collect, the higher your score, and the more tokens you can ultimately earn. From this game, I got connected to other game manufacturers and publishers who were also interested in creating virtual game assets through NFTs. We all had the same idea -- NFTs can bring more meaning and value to the players.
However at the time, many people in the market still believed that tokens and games were riddled with fraud. Since the lifecycle of video games can be short, many traditional gaming companies in the end didn’t find it worthwhile to learn how to integrate NFTs or blockchain into their games.
While the nature of NFTs hasn’t changed, the market has evolved. People’s curiosities are growing, more applications are being developed, and more creators are cropping up. I think now is the right time to start talking to companies about how to integrate NFTs or blockchain into their businesses or games.
#NFTplayground
I think there are many opportunities to start a business these days, and people who want to start one should think about coming to blockchain. Not only is there a huge opportunity but the possibilities are endless. And within blockchain, NFTs currently offer the biggest opportunity. However, it can also pose a new challenge to the team’s endurance, because while easy to obtain traction and users with NFTs, the challenge lies in retaining them.
Similar to other blockchain applications in the past few years, when a new concept is invented, it’ll be flushed with many early users. However, because the surrounding infrastructure wasn’t in place, it was difficult for founders to make valuable extensions or applications. And many of these users don’t actually care about these blockchain products and they are only trying to leverage the ecosystem to make a quick buck. Once they earn all that they can, they will move on to another project.
Right now working on NFTs, you can collect a lot of data in a short amount of time and also make some income to keep you afloat. Founders should seize this opportunity to understand these users, then modify and optimize both their products and mentality to retain them.
Since there’s no geographical restriction on blockchain, I would encourage founders to look beyond your country and region in expanding your NFT products. Also, since blockchain is closely related to finance, if you don’t have a good pricing strategy (or token economics) for your NFT products, the prices might fluctuate greatly. You need to be prepared and remind your users of the risks, otherwise you’ll ultimately get scolded!!
#NFTera
This year, I finally consider myself an official NFT collector. I pay special attention to NFTs with contemporary significance, such as Hashmasks. It signals to the public that NFTs are not just for collecting but that game mechanics can also be applied to interact with users. If we look back ten years from now I’m confident to say that the project that really brought the NFT wave in 2021 would be Hashmasks.
In addition to veteran projects like Hashmasks, other collections I care a lot about are related to Metaverse, such as The Sandbox. I believe that the world will become more and more decentralized and virtual. It is very likely that the next generation will be immersed in a virtual world like Ready Player One, so I am also very optimistic about NFTs in digital worlds like The Sandbox.
The possibilities are endless when it comes to NFTs. Right now, few NFTs are connected with our daily lives. For example, I bought a Hashmask. If I want to show it in my apartment, I might still need to print it out. In the future, how will we connect NFTs to the physical world? I believe they can be applied in many ways, including frames, wallets, cars, house deeds, leases, etc. These products in daily life can be combined with NFTs. We just haven’t opened our imagination yet. It’s hard to imagine that only 20 years ago we were having a hard time believing in the power of the internet.
The development of science and technology not only relies on infrastructure, but also the user's learning curve. The world needs to talk about blockchain more, so that everyone will gradually become familiar with it and it’ll continue to evolve.
If you're a founder working in blockchain or NFTs, welcome to apply to AppWorks >> https://bit.ly/3w0WyIl
buy the same token 在 Food of Hong Kong by Epicurushongkong Facebook 的最佳解答
Huawei & China (more specifically, CCP or CPC) still don't get this at all 👲🏻🎅🏻. The core problem of situation, is not even Technology related, whether you're a Fabless Chipset Designer, or like TSMC or Samsung can actually produce Chipsets at 3nm to 7nm range with lesser defects & consistency, ultimate economy of scale. The Answer is actually NO, its totally irrelevant.
•
Lets say 5 to 10 years later in 2025 to 2030, you finally catch up to 3nm or less. Knowing that there is a Rule of Diminishing Return for investment into being a Fab enabled Chipset Manufacturer.. But who the heck in the World 🌎 is going to buy from you 5G/6G or Chipsets anyway? 🤔😛 If you are going to insist on having Totalitarian Control over your own Country like a stalker over his Girlfriend, like in Xinjiang, Taiwan & Hong Kong. (Controlling the Southern China Sea is not included in this bracket for arguments sake, because that is Physical, not Mental control). As a Chinese myself, the lack of sensibilities by China 🇨🇳 & CCP Party totally escapes me, & they actually think they are loveable or something? Its like a massive freaking PR Disaster in the whole of history of mankind 😵🤔 This World does not work on either 0% or 100% without Gray areas. They think the rest of the World or US is stupid with their lack of control of the Coronavirus, fine I actually agree to an extent. But by the same token, Asians are just more careful with these things. On the other hand, as long as you're all attacking & try to enforce your ideas onto others endlessly, then Chinese Communism is not going to end up being anywhere. I already predicted on 2019 June 12th, that soonish Huawei will be begging people to buy their 5G because no one will. Even if it's given out for Free.
•
Serious farkingly its baffling to me how a whole Country w 1.4 Billion people & a lot of smart ones, collectively don't realize the World can never again tolerate a Totalitarian/Authoritative Super Power in Control. It wasn't even that long ago when we had World War I/II, people are still highly weary of Germany, Hitler or Mussolini, even Japan & then Berlin Wall was finally taken down just in 1991. 完全行錯哂棋, 但還懵然不知😵 強硬態度不代表你是堅囉