The IFIC digital-technology innovation summit with the assistance of Punk.Network: Shanghai ‘Metaverse’ has ended successfully at June 23

NFTCastle
5 min readJun 25, 2021

With the assistance of Punk.Network, the IFIC digital-technology innovation summit: Shanghai “Metaverse” has ended successfully at June 23.

As the first speaker, the founder of Punk.Network Ken Yang delivered a vital speech about the medium of Metaverse and its future application as well as the “complementary plan”.

The digital artwork “Everyday: the first 5000 days” created by the American artist Micheal Winkelmann was sold for $69.3 million at Christie’s in 2021, this is the third highest auction price of artwork among all the living artists. The news soon shocked the art world and it meant that blockchain-based NFT encryption assets created a new era in digital collectibles.

Quoting Ken Yang: “To the digital artists, the replicability of works may lead to the result that the artists lost the value of uniqueness of artworks. In the past, digital artists can only create value for their works through traditional business activities or exhibitions. Most of the digital artists delivered artworks to the collectors through saving works in the USB or cloud before the establishment of the NFT technology, however, those method cannot defined the value and copyright of the artworks. The appearance of NFT technology not only innovated the form of collecting of digital artworks, meanwhile it solved the problem of copyright and uniqueness of digital artworks, therefore, it provides the artists a new platform. The appearance of NFT technology will be a landmark breakthrough in the trading of digital art and will also be a token of authenticity in the information world.”

Nowadays, the Metaverse is standing in the frontier of the blockchain world, in which the NFT plays an important role. The characteristics of the NFT can become the physicalization of the rights of the Metaverse, just like the key in reality. That is, the assets of the physical world can be issued through NFT alone, forming the “virtual expression of the chain” of physical assets, and have practical value, perpetuity and self-growth in the infinite virtual world.

The key feature of Metaverse

Ken Yang: “The first point is who we are. In the reality, identities come from our self-positioning, who you are, your race, your native family, your gender. And in the world of Metaverse, you can rebuilt everything, and you’re free to choose who you want to be. Relying on such attributes, we will find that the diversity characteristics of identity are extremely obvious, you can enjoy the identity you create without restriction, without time limits, like Robrox, players are free to choose the basic settings and play of their characters. ”

Metaverse Complementary Plan

Ken Yang said: “In reality, our safety is guaranteed because of government, laws, and so on, but in the world of Metaverse we have a high degree of freedom, but complete freedom will lead to a situation of chaos, so the Metaverse world must have a spontaneous high degree of trust and order to ensure the process of all transactions.” Then, based on the credibility mechanism provided by blockchain technology, as well as future iterations of VR technology, infrastructure optimization, Metaverse World will become a very complete virtual reality world in the future. ”

“Upload”

in “Upload”, the world of Metaverse is truly and completely displayed, we can freely shape the life we want. As long as consciousness can be uploaded, we can live forever in virtual reality.

Perhaps with the iteration of technological innovation, the world of Metaverse will no longer be the conceptual life one imagines, as in Upload: it’s closely tied to life today — maybe in 20 years, we may see this become reality.

And Ken Yang, the founder of Punk.Nerwork, is making this fascinating Metaworld happen step by step.

NFTCastle: A Top stream IP + cutting-edge copyright asset aggregator and Asian user-friendly trading platform in Metaverse.

Top stream IP + cutting-edge copyright asset aggregator

NFTCastle.io will consist four main part: NFT marketplace, an on-chain museum and exchange center called CyberSpace, an NFT pledge platform called CyberPledge, and an specialized NFT issuance platform call CyberSpecial. In the future, the NFTCastle.io will be expanded according to market demand, to meet the needs of more collectors interested in NFT artworks.

Asian user-friendly
NFTCastle.io has integrated 100 Chinese artists and collected more than 30,000 contemporary works as a reserve library. NFTCastle is also build a marketplace for Asian user that is easy to use and trade .

NFTCastle Marketplace will arrive very soon. Stay tuned.

🏰 Live in The Castle

At NFTCastle, NFT trading and financial platform developed on Punk.Network on Polkadot.

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NFTCastle

NFTCastle.io, an NFT trading and financial platform developed on Punk.Network, integrates diversified financial services.