PREMA extends the appliance of NFT from the digital world to the true world, additional increasing the business software worth of NFT

Because the idea of “metaverse” turned standard, digital phrases corresponding to blockchain and NFT have steadily turn into acquainted to individuals, and individuals are continuously exploring, imagining and creating that mysterious future world. The complete identify of “NFT” is “Non-Fungible Token”. As the newest improvement of blockchain know-how, NFT know-how can be utilized within the digital and actual world, and has appreciable business worth and social service software worth. Amongst them, Japan’s PREMA challenge creatively combines the NFT know-how system with data safety communication patented applied sciences corresponding to NFC and AQR. PREMA has made breakthroughs in know-how and realized the intercommunication between the digital and the true world, additional increasing the business software worth of NFT.

Previously three years, NFT has skilled a wild improvement stage, as a result of imperfection of the preliminary NFT supporting know-how and the short-term profit-seeking nature of capital, mainstream NFT know-how functions and merchandise are restricted to digital collections, chain sport props, digital artworks, and different NFT asset buying and selling fields. Over time,, NFT has been placed on the cloak of finance, no additional improvement apart from offers and hype. However NFT is actually a distributed data storage system, which is predicated on point-to-point communication know-how and encryption know-how, making the info construction extra open and traceable. Because the wildness fades away, individuals steadily notice that the NFT know-how system can break the scope of digital property and additional lengthen to the sphere of social data providers. Subsequently, NFT will be monetary property within the digital world or software instruments in the true world. They’re no battle, the mix of “assets” and “tools” is an inevitable development sooner or later, which coincides with the idea of “communication between virtual and real worlds” put ahead by PREMA.

We will say that PREMA is a practitioner who combines “NFT assets” and “NFT tools”. The challenge is constructing a Web3 ecological platform primarily based on NFT “transaction + application”. Its core is the PREMA X buying and selling market and PREMA good pockets. It cleverly integrates and makes use of numerous applied sciences corresponding to NFT know-how system, information traceability, information transmission (NFC) and information safety (AQR), creatively combines NFT’s asset attributes and power attributes, breaking the present scenario the place NFT is “limited to collection transactions”. In layman’s phrases, customers who use the PREMA platform don’t want any encryption buying and selling expertise and customary sense and may commerce NFT with zero thresholds and use NFT in actual life (corresponding to entry playing cards, tickets and different digital playing cards). The NFT issued by PREMA turns into a digital asset (art work, props, collections, and so forth.) and can also be a day by day software instrument – an NFT, within the metaverse scene, it’s a digital character and a digital prop, whereas in actuality, it’s an invite to an offline get together, a ticket to a efficiency, and can be utilized in a number of scenes.

It’s value mentioning that the PREMA pockets, a multi-chain multi-functional encrypted pockets, helps NFC and QR code studying along with primary fee features, so customers can use NFT in actual life extra conveniently by the PREMA pockets, deal with NFT as a instrument. For instance, NFT avatars, NFT lands, and NFT pictures in Metaverse can be utilized as NFC digital playing cards and digital tickets at any time, or exchanged for corresponding hand-made artworks on merchandising machines, and so forth. PREMA is predicated on the event of the NFT know-how system and is researching functions corresponding to bodily digital playing cards, logistics traceability, provide chains, and ticketing. The essence is to make use of the NFT distributed database and encrypted storage algorithm to remodel the method of information uplink and storage right into a technique of verifying integrity primarily based on code and algorithm, to comprehend the hyperlink between digital and actuality to a sure extent, as talked about above, the appliance of NFT can be additional prolonged to the sphere of social data providers, and the appliance worth of NFT know-how can be maximized.

Since 2019, NFT has begun to enter a interval of fast improvement and has made nice progress in digital collections, metaverse, and different fields, however there are deficiencies in sensible functions, and the market is mainly clean. PREMA is likely one of the few noteworthy tasks on this discipline, and it’s also the pioneer that proposes to hyperlink URL (community world) and IRL (actual world) by the NFT know-how techniques.

As talked about above, the mix of “assets” and “tools” is an inevitable development sooner or later. Let’s take the ticket administration of NFT in metaverse, chain video games and actual life situations for example, to elucidate the foreseeable adjustments that the PREMA challenge will convey to the market sooner or later:

As everyone knows, the appliance of digitization in public locations corresponding to sports activities occasions, concert events, theaters, massive procuring malls, and playgrounds has turn into extra frequent, and NFT gives extra potentialities for ticket administration within the period of the digital economic system. The primary issues within the present ticket administration of assorted venues corresponding to sports activities occasions and concert events embody counterfeiting of tickets and irregular administration of the secondary market. Occasion organizers can use the answer of the PREMA platform to overtly and transparently report the issuance and transaction of tickets within the type of NFT which can’t be tampered with, to make sure the authenticity of tickets and forestall the era of false tickets. The PREMA platform can present good contracts that meet precise must outline enterprise guidelines corresponding to NFT ticket gross sales, ticket transactions, and ticket destruction. By the automated execution of good contracts, every participant can abide by the related guidelines, and each resale of tickets will report the change of the circulation worth on the chain, to realize the transparency and effectivity of ticketing,  and customers can then obtain the PREMA pockets within the app retailer and use NFT tickets conveniently.

Extra importantly, the PREMA platform can affiliate NFT tickets with the metaverse. Viewers holding NFT tickets can use NFT as a voucher to enter a particular metaverse. NFTs are used as characters and unique props within the metaverse. On the scene of the World Cup, NFT tickets will be soccer props or star pictures within the metaverse. The metadata of every NFT can be randomly linked to totally different groups or gamers on the soccer discipline when casting. If a participant scores or a crew wins a sport, the metadata of the NFT akin to the crew or participant can be up to date in real-time to report the data of the sport, and on the identical time announce the rewards obtained by the holder, or accompanied by a sequence of wealthy interactive actions, this NFT soccer (tickets) ultimately turn into the unique certification to observe the World Cup reside on behalf of the consumer. The PREMA platform may present a buying and selling platform for these unique NFTs – the PREMA X market, and different supporting NFT secondary opening options up to now.

Subsequently, PREMA transforms NFT from metaverse and chain video games to actual scenes, realizes the change from data dissemination to scene interplay, On the premise of information safety, it gives new revenue-generating alternatives for occasions, concert events and different actions, and it’ll additionally convey big financial advantages in different social actions and enterprise fashions. Though the technical description of PREMA is boring, the technical software situations of PREMA are wealthy and colourful. Some students as soon as described the metaverse: “If you want to write a simple formula for the metaverse, then this formula should be, metaverse = number World×Physical World. Among them, the number “×” is NFT, which is a bridge linking the digital world and the bodily world, Its potential is but to be explored.” It’s plain that PREMA is the pioneer in exploring and discovering the potential business software worth of NFT.]

What’s PREMA? PREMA is a Web3 platform targeted on NFT transactions and functions.The platform makes use of the PREMA pockets software and traceability system to combine NFT and NFT utilization situations, corresponding to metaverse blockchain video games in URL (UnReal Life, non-real world), and bodily services in IRL (In Actual Life, real-world) related to bodily merchandise.And developed a complete marketplace for the Web3 community. This can be a milestone achievement for the Web3 community, identical to the unique App Retailer, Google Play, and Kindle Retailer.

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