傅：What is Metaverse

 Everything in the real world is being recreated in the virtual world. The
Metaverse .Technically, the Metaverse is a collective virtual shared space ,
created by the convergence of virtually enhanced physical and digital
reality. In the Metaverse, You can do everything you want to do in the real
world, and more. For example, You can walk into a physical gallery and buy a
real painting, or you can wander through a virtual gallery and have the same
experience.
 In March 2021, Christie's in New York auctioned an NFT digital artwork "Daily:
The First 5,000 Days" online, which fetched the equivalent price of $69.3 million
ether coins, about 440 million yuan, setting the world's highest auction record
for NFT artwork, and also drew people's attention to NFT artwork. The auction,
the art, the money are all virtual, but the transaction, or the business model, is
real. The core tool that underpins this model is NFT technology,
What is NFT
 Non-fungible Token (NFT) is a non-homogeneous token, Non-fungible means
unchangeable. I use three keywords to summarize NFT, which is irreplaceable,
indivisible, and immutable.
 In a word, the NFT is a permanent tracking device that preserve
ownership rights in the metaverse.It's like if you put a chip in a piece of art,
the chip locks the piece, guarantees that it belongs to you, and you can retrieve it
anywhere without worrying about losing it.
 The Nft is allowing everyone to own their own data, starting with art. And
there is a hope that it will revolutionaze how value is created online and how
digital labor is monetized.
 So how does this work and how do you get involved as an artist. Your artwork
is a digital file. To protect this file and capture the value of your labor in
perpectuity, you go to a digital goods market place and “ mint”it meaning that
you register your work as a token for a fee. It will contain a signature, time
stamp and any rules around its resale. Once you’ve minted your work and you
want to sell it, you connect with your community . And let them know that your
NFT has “dropped”meaning it is for sale. Once purchased directly from the
artist, you store your NFTs in your digital wallet. From there,you can show on
screens and online

孙 ： After seeing how NFT really works, I’d like to talk about some real life
examples of this new business model. An artist from, Atlanta some of his work
was on walls and buildings. Street art is not permenant. So how will an
important cultural icon like Greg Mike utilize this new creative economy? He is
using the unique qualities of NFTs to innovate and to collaborate with other
artists and musicians and connect with fans on the Internet. This way, his work
will live on. He can take the proceeds from the sales and resales and cotinue
creating his art. This is a new frotier for artists and their fans. This new
business model gave life to his paintings and helped his art find a commercial
path to break through his predicament.
With NFTs, you can sell directly to your buyers without an intermediary, collect
royalties on all future resales and expand your audience to the entire Internet,
show in virtual galleries and virtual worlds and sell 3D objects and clothes to
virtual humans. The business model gives financial power back to the creators
and reduces the power of the broker, the middleman and even social media
platform. And with NFT, a buyer can know their art is fair trade, transactions
are transparent and the ecosystem is equitable. Creators get more profit and
have the ability to protect copyright. This trading environment creates a
virtuous circle between buyers and sellers, where the contradictions between
art and business due to the traditional trading environment are easily
resolved.
The metaverse is a place where we will spend more and more of our lives.
Who builds it, who owns it and how it is built wil determine what this world
becomes. But just like the real world, the metaverse is very complex and there
are many problems yet to be solved. And that is where you come in. You are
the future, a digital citizen whose responsibility is to be a good steward to the
metaverse, making sure that it is diverse, equitable, accessible and sustainable.
We hope that you can jump in because we need you!