Challenge the meaning of the heritage itself

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In his monthly encryption technology column, Israeli serial entrepreneur Ariel Shapira introduced emerging technologies in the fields of encryption, decentralized finance (DeFi) and blockchain, and their role in shaping the 21st century economy.

When trying to examine the non-fungible token (NFT) economy that has formed in recent months, two main trends can be seen. On the one hand, a brand-new market allows various artists to join a new creator economy-creators of the Boring Ape Yacht Club, creators of various pixel art and creators whose creativity shines like long-necked female paintings. Brought the 12-year-old artist close to 1,394 ether (Ethereum), which is equal to 6 million U.S. dollars at the time of writing.

But the fact is, NFT is much more than that.Take the first important sale of NFT as an example, when Jack Dorsey sold the first tweet that appeared on Twitter in exchange for It was worth about 2.9 million U.S. dollars at the timeThis NFT has gained value, but in fact, it retains a legacy as an assimilation of the NFT.

When Twitter disappeared on the Internet, or the outdated text platform disappeared, just as many websites were once part of the Internet chronicle and then disappeared, the only thing left is that someone created economic value for it, beyond the symbolic value. . A unique value that exists independently, making the protection of tradition and heritage a sustainable operation.

Garry Kasparov does NFT

Former world chess champion Garry Kasparov (Garry Kasparov) has decided to digitize his legacy and turn a large number of his past chapters into NFT.

“My NFT adventure with 1Kind reflects my lifelong desire to accept new challenges and use exciting new technologies,” Kasparov said. “From artificial intelligence to cryptocurrency and blockchain, I have always believed that innovation is the only way forward. We have worked closely from the beginning to not only create unique items, but also create a new way of using NFTs to tell a story , There is real history behind it.”

One of Kasparov’s interesting things is his interest in human-machine interfaces. Kasparov may be the most famous chess player of all time, the youngest world champion, and the longest-running chess champion of all time.

But, in fact, his competition with supercomputers has earned him a global reputation. Kasparov has won the most advanced chess computer many times, but the dark blue computer he lost to IBM in 1997 marked a watershed and symbolized the fact that artificial intelligence managed to match or even realize human intelligence. At the symbolic level, it is this loss that connects Kasparov’s destiny to the development of the digital age.

related: Without quantum security, the future of our blockchain is uncertain

Now, through the NFT project launched by Kasparov and the 1Kind platform, he has once again shaken the basic concepts-heritage, heritage and history. Kasparov tried to create a digital existence for the various chapters of his past, thus creating a legacy that does not depend on exhibits, display cases or historical books. Describing his past objects, pictures, and paintings, he descended through NFT not to support some kind of creator economy, but to preserve the heritage before it disappears, and attract more sense of protecting it, like Dorsey’s tweet. Interested people. As Kasparov explained:

“This is the first time that my entire life has been turned into NFT-my life. I not only want to share my chess game and success, but also everything that has formed me and my legacy on and off the board.”

Inheritance and stick to a new chapter

Today, in order to record heritage, people need unique books, museums or tours. But all this requires a lot of long-term support-after all, museums cannot own themselves, they need taxpayer money or unique financial support. But when Kasparov made his estate public on the NFT, he was decentralizing the protection of the estate. He called on collectors not only to participate in his heritage, but also to participate in its preservation. On the simplest level-if Kasparov himself disappears from human consciousness, even these cultural relics will lose value. Make the interests of the people involved in the sale the same as those of Kasparov himself. Protect the heritage and show it to as many people as possible.

“The very personal nature of this project is evident in every NFT. My family and childhood, my rise as a chess champion and conquest of the world champion, as well as my exploration of politics, education, writing, and speech. Before. Documents and artifacts that have never been seen by the public. The public includes my personal notebook and family photos. The actors include the coach who shaped my chess, I restarted my career and family after chess, and my greatest champion since the beginning. ,my mother. “

In practice, this is an interesting experiment. After all, this auction includes not only digital art or representations of past moments, such as NBA moments, but also digital representations of real objects, such as notebooks, cards, and Kasparov’s past physical photos. In other words, the buyer will own the digital ownership of the item, while others may own the physical ownership.

related: Generation Z and NFT: Redefining Digital Native Ownership

But in fact, in the world we are moving into, it may not be clear who will have more equal ownership-who owns the card game cards in the safe, or who owns the numbers that can be shown to the world without worrying about being damaged or disappearing.Kasparov himself admits that this is no small challenge, but perhaps this is his way to break barriers and ideas. Transition to the Web 3.0 era.

“I admit to being a little nervous, such as sitting down in my first world championship game and playing against supercomputers, or when I leave the familiar world of chess to fight for democracy in Russia and other regions. But we have nothing new. What about challenges? Not taking risks? The status quo is never good enough for me. In this spirit, I am happy to share this ambitious and unparalleled series. I hope people will like it and I can’t wait to see what’s next What will happen,” said Kasparov.

This article does not contain investment advice or recommendations. Every investment and trading action involves risks, and readers should research on their own when making a decision.

The views, thoughts and opinions expressed here are only those of the author, and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Ariel Shapira A father, entrepreneur, speaker, cyclist, and the founder and CEO of Social-Wisdom, Social-Wisdom is a consulting agency that cooperates with Israeli startups and helps them connect with the international market.