Babbitt Wuhan Conference Cocos-BCX: Compared with scarcity, NFT needs more structural description

From December 5th to December 6th, Cocos-BCX participated in the 3rd World Blockchain Conference sponsored by Babbitt and supported by Wuhan Municipal Government, Jianghan District Government and Wuhan Economic and Information Bureau.

Cocos-BCX technology contributor Reed shared in the “Embrace Blockchain 3.0” sub-forum that NFT can reconstruct the combination of DeFi’s underlying protocols such as lending and derivatives and more imagination.

At the same time, in the industry pavilion featuring “application experience”, Cocos-BCX also appeared in the form of a booth, with LEGO bricks as the element, and NFT as the theme, to show everyone the direction and combination of blockchain and ACG.

Cocos-BCX Reed: NFT can reconstruct underlying protocols such as lending and derivatives in DeFi

On December 5th, Cocos-BCX technology contributor Reed shared the theme of “The Next Wave? The Boundary and Imagination of NFT” at the “Embrace Blockchain 3.0” sub-forum.

Reed said that Cocos-BCX has been committed to promoting the development of blockchain games, and it is also an indispensable push for NFT.This summer, Cocos-BCX provided ChinaJoyPlus with 1.2 million NFT tickets based on the COCOS-1808 non-homogeneous digital asset standard proposed and maintained by Cocos-BCX.

And this year, Cocos-BCX also saw more integration points between NFT and DeFi: Coins such as MEME, whose logo is a pineapple, was ridiculed that airdropped a whole villa; DeGo did an NFT scratch card activity, which brought the community a number of users in units of 10,000, of which “Satoshi Nakamoto” has worth of 300,000 rmb; recently there is another “Alpaca” project, which is similar to Crypto Kitties, which even has the mechanism of NFT mining…

When DeFi and NFT are combined, the gameplay becomes various, and the imagination space is opened wide beyond.

So Cocos-BCX promoted the NFT’s description of “structure”, and helped NFT to describe something with structure.

“For example, we can rely on NFT to reconstruct the underlying protocols in DeFi such as lending and derivatives. For example, the LP in CroSwap in the Cocos-BCX ecosystem can be synthesized and decomposed, so that LP assets will have a stronger description based on this,DeFi and NFT will have more imagination and gameplay.This is a direction worth exploring.” Reed said.

At the same time, one of the features of BCX-NHAS-1808 (COCOS-1808) is the separation of NFT ownership and usage rights.

“If we own a house and a car, we can use the house and the car by ourselves or rent it to others. Others will have the right to use the house and the car for a period of time. When the right to use is separated from the ownership, it is similar to “lease” “This type of business can develop better.

Therefore, we believe that the underlying protocol plays a very important role in promoting ecological development, and Cocos-BCX will continue to help the development and improvement of protocols such as BCX-NHAS-1808 (COCOS-1808). “Reed added.

Using LEGO as a medium, Cocos-BCX showed the NFT’s features

From December 5th to 6th, Cocos-BCX set up a stand-alone exhibition area in the “Application Experience” industry pavilion. With LEGO bricks elements, it has strong interaction with players and other project parties on the spot.Players have successfully spelled out “Wuhan “Cocos-BCX”, “Binance”, “Huobi” and many other city names, project names, and project logos.

Cocos-BCX, the next-generation digital game economy platform, provides complete blockchain game development tools and is also committed to bringing joys to players.Through on-site LEGO building and airdropping activities, Cocos-BCX hopes to convey the following experience to players:

The LEGO work completed by the player belongs to the individual player (the player can take it away), which symbolizes that the ownership of the NFT asset belongs to the player, similarly to the player’s assets in the blockchain game;

The pattern is dominated by the player, which means that in the blockchain game, the player can play more subjective wishes, and even several people can create a work together. The LEGO work (NFT) can be synthesized and split as shown (in the figure below, as the Heart&COCOS);

The construction of the on-site community, and players can trade LEGO works in the community based on their own resources, which means that Cocos-BCX provides a complete blockchain game ecology.

In addition, Cocos-BCX also gave out interactive gifts such as SNK Collector’s Edition play station and three-in-one data cables etc.

We are all looking forward to see you next time.

About Cocos-BCX

• Website：https://www.cocosbcx.io/
• Weibo：https://weibo.com/CocosBCX
• Twitter：https://twitter.com/CocosBCX
• Reddit：https://www.reddit.com/user/cocos-bcx/
• GitHub：https://github.com/CocosBCX
• Medium：https://medium.com/@CocosBCX
• Telegram EN：https://t.me/cocosbcxen
• Telegram CN：https://t.me/CocosBCX
• Telegram Blockchain Games: https://t.me/COCOSBlockchainGames
• Telegram Vietnam：https://t.me/cocosbcxvietnam
• Telegram Russia: https://t.me/cocosbcxru
• Facebook：https://www.facebook.com/cocosbcx/
• Discord：https://discord.gg/jdJMNtC
• Developer Document：https://cn-dev.cocosbcx.io/
• COCOS Bounty: https://bounty.cocosbcx.io/
• Cocos-BCX Blockchain Explorer：https://explorer.cocosbcx.io/