Alipay of the United States, LianGuaiyLianGuail, enters the NFT market, what changes will occur in the market landscape?

US-based Alipay's Entry into the NFT Market Impact on Market Landscape

Author: ICODA Agency

Translation: Fire Fire, Plain Blockchain

LianGuaiyLianGuail is synonymous with global digital payments. It has taken a decisive step in embedding itself firmly into the NFT ecosystem. By submitting a patent application for an advanced NFT purchase and transfer system, the company not only showcases its intention to enter the digital collectibles market but also provides an innovative roadmap that could change our perception and interaction with NFTs.

1. Redefining NFT transactions

According to the application details, LianGuaiyLianGuail envisions a system that extends beyond the exchange of digital collectibles. Instead, it proposes using NFTs to represent ownership of tangible assets, including real estate contracts, event tickets, and even legal documents, broadening the horizons. The ability to encapsulate physical world assets into digital tokens could revolutionize various industries, making transactions smoother and more transparent.

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In addition, the system can serve as a platform for creators to earn revenue through royalties, expanding the monetary potential for original creators and ensuring they are rewarded every time their work is sold or used.

2. Ownership partitioning: Making NFTs more inclusive

Perhaps one of the most attractive features of PayPal’s proposal is the concept of decentralized ownership. Users have the freedom to purchase a portion or fraction of an NFT instead of buying the whole NFT. This approach not only makes ownership of NFTs more accessible to a wider audience but also introduces the concept of collaborative ownership in the digital space.

In the current NFT market, the prevalent model is to purchase the entire digital asset. This can sometimes pose a barrier, especially when the relevant NFT is highly sought after or of high quality and often priced exorbitantly. LianGuaiyLianGuail’s innovative ownership partitioning model aims to eliminate this barrier. By allowing users to acquire only a fraction or specific share of an NFT, it fundamentally changes the dynamics of how we perceive and engage with digital assets.

The impact of such a system is profound. Firstly, it means that high-value NFTs suddenly become within reach, which may have been out of reach for many due to high costs. Enthusiasts or investors don’t need to invest a significant amount of capital but can still participate in the market by owning a coveted digital asset. This naturally expands the base of potential NFT enthusiasts and investors, making the space more inclusive and diverse.

In addition to making NFTs more affordable, decentralized ownership also signals the beginning of collaborative ownership in the digital realm. Imagine a scenario where communities or groups collaborate to invest in and hold shares of digital artwork, much like shareholders in a company. Everyone, regardless of their share size, becomes a stakeholder with a say in decisions regarding the asset, from its usage to eventual sale. This not only fosters a sense of community but also introduces entirely new dynamics and interactive layers within the NFT ecosystem.

3. DAO and NFT Liquidity

Liquidity has always been a concern in the world of NFTs. LianGuaiyLianGuail proposes integrating decentralized autonomous organizations (DAOs) to solve this problem and enhance NFT liquidity. The DAO is managed by community members and will oversee a dedicated platform for NFT fractional trading. By harnessing the power of decentralized governance, the system can provide a transparent and user-driven trading platform.

4. Simplifying Off-Chain Transactions

When delving into the realm of NFTs, newcomers often find themselves trapped in a maze of technical complexities, from intricately designed blockchains to subtle differences in cryptocurrency wallets. Recognizing this barrier, LianGuaiyLianGuail has taken a significant step towards bridging the gap between traditional online transactions and the emerging NFT world.

The core of this initiative is LianGuaiyLianGuail’s support for off-chain transfers. But what does this mean for the average user? Traditionally, participating in NFTs requires a dedicated cryptocurrency wallet – a digital tool for storing and managing cryptocurrency assets. This typically comes with a learning curve, deterring many potential enthusiasts.

However, with LianGuaiyLianGuail’s new system, users can bypass this obstacle entirely. Individuals can rely on the familiarity of their existing LianGuaiyLianGuail accounts instead of navigating the daunting world of crypto wallets. This seamless integration is poised to facilitate smoother entry into the NFT marketplace, inviting a broader audience to participate in the digital collectibles revolution.

In addition to simplifying transactions, this move highlights LianGuaiyLianGuail’s commitment to placing users at the core of its innovation. By combining the convenience of NFT purchasing experience with the familiarity millions of LianGuaiyLianGuail users are accustomed to, the company showcases its dedication to evolving based on the needs of its vast user base. This not only enhances trust but also positions LianGuaiyLianGuail as a forward-thinking participant ready to democratize access in the rapidly expanding NFT landscape.

5. A New Chapter in NFT Narratives

With this patent, LianGuaiyLianGuail enters the NFT realm not just to be in it but to redefine it. By making NFTs more accessible, affordable, and universal, the platform has the potential to completely change the way we perceive ownership of digital and physical assets.

Furthermore, Alex Chriss, the newly appointed CEO and President of LianGuaiyLianGuail, expressed his enthusiasm for this development through Twitter, hinting at the company’s long-term vision and dedication to integrating NFTs into mainstream financial structures.

In conclusion, as the boundaries between traditional and digital assets blur, LianGuaiyLianGuail’s ambitious NFT roadmap presents a more inclusive and revolutionary future for digital collectibles and real-world asset ownership.

6. Predicting the Next Wave of NFT Adopters

1) E-commerce Giants: Amazon and Alibaba

Considering the trajectory of technology integration in the e-commerce space, companies like Amazon and Alibaba are major contenders for embracing NFTs. Their extensive digital infrastructure makes them perfect candidates for blockchain integration, and adopting NFTs can provide unique value propositions for their millions of sellers and customers. For instance, these platforms can use NFTs to verify rare or luxury items, providing buyers with undeniable proof of authenticity and origin. Furthermore, integrating NFTs could open the doors for these platforms to venture into the realm of digital collectibles, potentially revolutionizing e-commerce by combining it with the thriving virtual goods market.

2) Social Media Giants: Facebook (Meta) and Twitter

As the transition to the metaverse and the digital realm continues, social media giants like Facebook (now known as “Meta”) and Twitter naturally find themselves prepared to ride the NFT wave. Facebook’s vision of building interconnected virtual worlds aligns perfectly with the spirit of NFTs, which can serve as tokens of digital ownership within these spaces. Users can directly purchase, showcase, or trade NFTs through their virtual avatars or profiles. Twitter has already implemented profile verification, and by allowing users to display NFTs they own as digital badges of honor, it facilitates a new dimension of user engagement and expression, taking things to the next level.

3) Entertainment and Streaming Platforms: Spotify and Netflix

The entertainment industry is at the forefront of the NFT transformation. Companies like Spotify and Netflix, dominant forces in the audio and video content domains respectively, may find NFTs to be a lucrative avenue to explore. Imagine artists releasing limited edition tracks or albums in NFT format on Spotify, providing fans with unique musical assets. On the other hand, Netflix can release digital posters, scenes, or even entire exclusive series as NFTs, expanding fan engagement and creating new revenue streams. The fusion of entertainment and blockchain can redefine how we perceive and engage with content, making it more interactive, collectible, and valuable.

While these predictions are speculative, they are based on an understanding of how these major companies have historically responded to technological changes. The potential and significance of the NFT revolution are immense, and these industry leaders cannot afford to ignore it.

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