2021

On-chain registration reaches culture; block space gets bought out

On-chain ownership records were adopted by auction houses, sports leagues and brands, while fees rose beyond what ordinary users could bear and demand spilled onto other chains.

Watch it happen in “Everything Becomes a Token” →

Why it happened

  1. 01公开登记让同样可复制的数字物品可以被区分归属。
  2. 02文化机构的加入带来了远超此前的交易量。
  3. 03区块容量固定，费用以竞价方式抬升。
  4. 04发行一个登记的成本同样接近零，稀缺性并未被登记本身保证。

Before · After

Before

Ownership of a digital work depended on a platform account and on that platform staying alive.

After

Ownership became publicly verifiable — but being on-chain is not the same as being scarce, and congestion on the main chain produced a multi-chain landscape.

Why it matters

It proved ownership can be settled with no intermediary, and it re-ran the over-issuance that every collectibles market has run before.

Related entities

Sources