Picipo

Since 2009, within the framework of the Web 3.0 concept, blockchain has proven its worth in creating a sustainable decentralized p2p payment system. Now users do not need intermediaries to make cross-border transfers or to pay for services.

Thereafter, blockchain has begun to prove its benefits not only in payments, but also in the development of decentralized finance (DeFi). Millions of people around the world were able to borrow, lend, exchange foreign currency assets without intermediaries and disclosing personal data.

The next step in the application of blockchain in Web 3.0 is creating value from objects, not just money. For this, NFT is used, the main task of which is to confirm ownership of a unique digital asset.

NFT art is a catalyst for the development of the NFT market and it is one of the first options for implementing the principle of uniqueness in Web 3.0. This is the simplest mechanics that has allowed millions of users to quickly understand and try the benefits of blockchain in the field of digital ownership of objects, while maintaining uniqueness.

For now, technical specialists see great potential in NFT, while not only uniqueness is important here, but also a combination of the following factors:

• The ability to perceive a tokenized entity through the description parameters prior to acquisition.

• Potential of the share/mortgage hypostasis in the aspect of the DAODEX concept. The point is that NFT can be backed by different assets and each NFT becomes a mini-ETF in this case.

• Transition not only of the offline world to the online, but what is even more important and that was unlikely and poorly implemented without NFT - online to offline.