NFT, an invitation to the new metaverse economic ecosystem
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Historically, the world before and after the pandemic has changed greatly each time, and it is known that the trend of change continues even after the pandemic. The pandemic that started in 2020 is bringing many changes to our daily lives. In particular, 'derealization', a trend to escape from difficult reality, is accelerating after the corona, and the demand to escape to the digital reality called 'metaverse' is rapidly increasing.
According to the 'ASTI Market Report' published by KISTI, the global market related to metabus is expected to be $68.3 billion in 2021 and $848 billion by 2028, with a high average annual growth rate of about 43.31%. The Korean government, recognizing the industrial potential of the metaverse, also developed a world-class metaverse platform, nurtured talent, and built a socially friendly metaverse with the vision of 'a digital new continent, Korea leaping into the metaverse' in January 2022. announced the 'Metabus New Industry Leading Strategy' with
When looking at the metaverse as an industrial ecosystem, the most noteworthy point in the new industry leading strategy announced by the government is that while creating economic value through NFTs that give uniqueness and rarity to digital content produced in the metaverse, forming a new economic ecosystem, In addition, as a platform growth strategy, it will introduce a national voucher support system to further activate NFT creation and trading.
In the metaverse, which can only be vaguely seen by the general public, NFTs play a role as a connection point with the real world because they can be exchanged for cash in the real world. Blood that drives the ecosystem and even plays a pivotal role in expanding business opportunities.
In other words, since NFT is currently a unique technology and item that can serve as proof of ownership for digital assets, it is used as a normal transaction method on the metaverse.
In this way, along with the growth of the metabus industry, interest in NFTs is increasing not only in Korea but also around the world. Active users of OpenSea, a representative NFT marketplace, have already exceeded 1 million in April 2022 from 130,000 as of August 2021. However, compared to the 4.9 billion Internet users worldwide in 2021 announced by the United Nations International Telecommunication Union (ITU), this figure is still in its infancy and does not reach the level of early adopters.
BAYC (Bored Ape Yacht Club), which has been established as a representative NFT collection since 2021, has become famous for being sold for over 4 billion won for one ape NFT. Of course, due to the nature of the limited edition, it was signed at a high price at the level of outliers, and the membership service of the operator also worked effectively. it is a case
Despite high global interest, issues such as protection of the rights of the original author and guarantee of intellectual property rights, high fees (gas fees) to be paid when transacting on the Ethereum network, lack of compliance with institutional safeguards such as the Framework Act on Digital Assets and virtual asset transactions, etc. Negative views on NFTs still remain as the issue has not been resolved.
There is no need to hastily choose NFTs out of simple curiosity or compulsion to feel like I am falling behind. However, since NFTs are an invitation and ticket to terraforming, a new economic ecosystem open to anyone, the decision to accept them and act as the subject of the new industry ecosystem is ours. waiting for a choice
[Kim Hankook, Korea Institute of Science and Technology Information, Data Analysis Division, Industrial Market Analysis Research Team, Senior Researcher]
[ⓒ Maeil Business & mk.co.kr, unauthorized reproduction and redistribution prohibited]
