In the past few months, the NFT enthusiasm surrounding art and games began to heat up rapidly, and even attracted the attention of many artists and investment enthusiasts around the world with a trend of going out of the currency circle. NFT, as the most popular investment darling in the crypto world recently, has ushered in an unprecedented explosion.
So what is the concept of NFT, even hotter than DeFi at present? By definition, NFT is a "non-fungible token", which is the only digital asset that cannot be replaced by each other. Each NFT stores some form of metadata, making it the only item on the blockchain, even NFTs on similar blockchains are not interchangeable. In essence, each NFT is a unique digital token. NFT exists in the blockchain and can be used to prove the uniqueness and ownership of related assets. Unlike currencies such as Bitcoin, U.S. dollars, and Ethereum, NFTs are not equivalent, and all NFTs are unique.
In fact, the concept of NFT became popular as early as 17 years. "CryptoKitties", a game that once set off a gold rush, once made countless players obsessed with the activity of buying virtual cats with virtual currency, which is the use of blockchain and encrypted currency. Digital game with NFT concept.
However, the entire market seems to have regarded the NFT concept as the only new hot spot for hype. CryptoSlam's data shows that in the past month alone, the top NFT platform has sold nearly $500 million in digital assets. Digital artist Beeple sold a work for nearly $70 million, breaking the online sales record and becoming the third most valuable living artist.
These incredible numbers have attracted many investors to start buying or selling NFTs in order to share financial dividends in the current hot NFT concept. This has led to a very serious phenomenon of NFT hype. There are more and more bubbles in the NFT market and more and more behaviors of drumming and spreading flowers. The original intention of the birth of NFT is completely separated from the unique properties of the blockchain, a unique asset expressed in tokens. If in the fiery market, there are not many practical projects leading to the real implementation of the NFT concept, this will be a historical repetition of the initial coin offering (ICO) frenzy in 2017, when the excessive publicity of new financing methods directly led to a large number of frauds and Inflated assets are too high.
Although full of bubbles, but in the atmosphere of the NFT concept craze, there are also some real practical landing projects that continue to practice and explore in this field. Tapmydata is one of the few. The Tapmydata team said-our use of design privacy and blockchain technology means that data is applied ahead of time and can meet the needs of big data buyers without identifying user information. This will change the current Internet age data abuse in one fell swoop Situation.
After the Facebook "Datagate" was exposed, it was discovered that 87 million user information had been leaked. All this is clear: In the era of big data where information is at your fingertips, we are no different from guinea pigs. Although communication is more convenient and work is more efficient, in fact, the negative factors brought by big data are far more than we thought. In view of the abuse of data and information in the current Internet age, what Tapmydata has to do is to break through this status quo and turn it into a source of income for each user.
Simply put, what Tapmydata has to do is a personal data solution, a decentralized data protocol. Tapmydata can help every user create a personal digital identity and store it on a publicly verifiable distributed ledger network for free. Only with the user's explicit consent, will the personal data be shared with specific recipients, and the user can Obtain certain economic benefits. To sum it up in one sentence-take back control of user data, store it in Tapmydata's encrypted wallet, and allow it to obtain revenue from the user's data.
Specifically how to do it, based on the full understanding of Tapmydata's official website, white paper and its products, the author believes that first of all, the project is based on the indivisible, irreplaceable and unique characteristics of NFT. Through NFT certification, each user can have his own digital identity. , Using the popular irreplaceable token standard (ERC-721), so that each user can create a real, effective and non-tamperable accessible data package, and store, manage, distribute and certify the user’s personal information. In addition, Tapmydata uses blockchain technology and the spirit of Web3 to help people create NFTs that contain verified elements of their ID, data, and digital activities (Spotify, social, network), and authorize third parties to use these elements, own and control right. As a result, Tapmydata provides a way to break the cycle of data abuse, share data where it is needed, and give it value.
When the author wrote this article about NFT and fully understood Tapmydata, I found that the product of the project, TapmydataPDS (Personal Data Storage), is a very user-friendly product for consumers, and currently has nearly 5,000 active users.
As a user of this product, in addition to collating and verifying personal data in it, the most impressive thing is that this product can truly realize the value of users' personal data storage. To put it simply, users can get corresponding benefits by uploading personal data, changing the situation of data abuse into a good ecology where the value of data belongs to users.
Specifically, how to realize that the value of user data belongs to the user. First, the Tapmydata platform uses self-developed ID verification technology to establish a self-sovereign identity (SSI) for the user, and the user's data can generate NFT tokens. That is, NFT and data owners can construct their data profile and package their profile information into NFT (data block) to exchange TAP tokens. The Tapmydata platform also has the function of a wallet, which can store Tapmydata's platform token TAP, and the rewards that users receive for sharing personal data are also stored in the wallet. If you are also interested, you may wish to experience it and feel the unique charm of personal data creating value.
Regarding the Token ecology in the Tapmydata project, it can be seen that the future value of TAP is very promising. The total issuance is only 100 million, the public offering is only 15%, and the team only owns 15%. This can avoid serious selling in the secondary market, and also avoid the phenomenon of price plummeting due to team cashing. In addition, the part held by the team adopts a long-term lock-up mechanism and is gradually released in the form of linear release in units of years. At the same time, according to the Token distribution plan of Tapmydata, it was found that TAP reserves accounted for 44%. According to the founding team, this 44% will be used to motivate the project product user community ecology and users who have made outstanding contributions to the project in the future. Ecological incentives will invisibly promote the larger and larger project user group, and at the same time there will be more and more currency holders, reaching a value consensus system.
Mr. GILBERTHILL, CEO of the Tapmydata project, said: Not everyone has encrypted assets, but we all have data. The founding team of Tapmydata said: Data is destiny. Our task is to let people control their own data and use them in a collective agency way, that is, to share or to gain an annual market value of 325 billion U.S. dollars. This forms an important pillar of the new trust economy, which is replacing the data islands of the old Web. Tapmydata has landed on hotbit on April 1st, and this is just the beginning. It is expected to land on top international platforms in the future. We will wait and see.
Finally, the author believes that Tapmydata's down-to-earth performance will definitely achieve good results and will promote the healthy development of the personal information industry.