A brief analysis of the development process of NFT trading platform and 4F evaluation model

How can NFT aggregation platforms promote industry development?

As early as 2016-2018, the first batch of NFT trading markets represented by OpenSea, MakersPlace, and SuperRare turned out. At that time, some trading platforms used an invitation system, and only invited artists could create and distribute. With the development of the market, more and more NFT trading platforms have entered everyone’s field of vision, and these platforms have integrated more financial play and elements, including the NFT AMM market, the decentralized market, the rental pledge market, etc. In this article, we will explore the evolution of NFT trading platforms and how to evaluate a good trading platform with a 4F model.

History

To some extent, the NFT trading platform reflects the hot changes in the entire NFT market, and in early 2021, through social media, the discourse dissemination and artist focus effect are amplified, such as the auction of Beeple’s high-priced NFT works to become a hot spot in the market. At that time, NFTs tended to revolve around art and artists, and most trading platforms would only select and invite creators with a certain amount of fame to create 1/1 of the artwork.

NFT itself has the style represented by street artists like Banksy, with repetitive pasted pictorials, exaggerated brushstrokes, oncoming culture shocks, and, most importantly, individuality, in other words, identity.

While we can’t paint the streets and alleys of Los Angeles with entire walls, we can spread the culture we identify with to the entire network through memes. The graffiti on the street corner could be covered with white paint by the police the next day, and the NFTs stored on the IPFS will always be there.

As a result, NFTs do not stop at the art of trading single items themselves, but in the form of collections, and meme gradually becomes a community and a brand. From this, we can see that OpenSea far surpasses other trading platforms in the same period in 16-18 years. At the same time, due to the popularity of NFT trading, many other trading markets have also been born.

But since then, the NFT market has undergone a new evolution. There will always be opportunities under the hot spots, and the NFT market also has a herd effect. FOMO, FUD and a series of black words in the circle came into being. In addition to community and propagation attributes, NFTs are also an asset. A lot of people saw an opportunity to make money with white and Flip NFTs. Therefore, a series of data analysis tools have appeared in the market, such as NFTGo.io, rarity.tools, etc. These tools not only increase the odds of buying and selling NFTs, but also create new paradigms and ways of playing in the market.

The needs of users in the market have also changed, for example, how to find the lowest offer in all large and small trading markets? How do I choose the most valuable NFT? The NFT trading market has also moved from version 1.0 to 2.0, an NFT platform that combines data analysis and aggregate trading.

Why an NFT aggregation platform is critical

Google aggregates content from websites, Facebook aggregates social relationships, and DEX aggregates different liquidity mining models. Not only can aggregators help users capture much of the value of the blockchain era, but they are also an integral part of the NFT ecosystem.

In general, NFTs are primarily created on various chains such as Ethereum, Flow, and BSC, each with an isolated protocol ecosystem. At the same time, there are currently various trading markets appearing. Although these markets offer a variety of NFT services, there are certain challenges when trading and finding NFT information, on the one hand, newcomers may not know how to find the best market, and professional traders may want to find the best price. On the other hand, different markets have different interfaces, which also increases the cost of learning for users.

Imagine that if you want to search for the best offers for popular NFT projects in the market, you may need to switch between different markets to see all NFTs. Or, if you are an investor and want to see all the latest data and various indicators of the NFT market. Because NFT information is so scattered, it can take several minutes to get data that should have been found in seconds.

For those unfamiliar with NFTs, they often spend a lot of time searching for content, but end up without any useful information. Therefore, a professional NFT aggregator is very important.

The NFT aggregator is to concentrate all kinds of NFT transaction information on the major chains in one place, saving users time and improving efficiency, so as to achieve a better trading experience.

Through NFTGo’s “one-stop” NFT aggregation service, users only need to open a web page to get an overview of the NFT market, learn about the latest trends, and find, search and trade everything about NFT.

4F Evaluation model

There are several aspects to measuring a good NFT market, which we call the 4F model, which are Fluency, Fees, Function and Finance.

A brief analysis of the development process of NFT trading platform and 4F evaluation model

Fluency refers to the fluency of the transaction and use experience, whether the desired NFT can be purchased with one click, whether there is a clear interactive interface and user logic, and whether there is a visual function. NFTGo.io has a full-featured search engine that enables users to search for NFT using metadata Metadata and even natural language. The powerful search algorithm and sorting logic greatly improve the efficiency of users’ collection of information and enrich the presentation dimension of search results. At the same time, users can sweep the floor in batches, and the safe trading mode can prevent attacks and waste gas fees.

Function refers to whether the functionality is comprehensive and relevant to the requirements. For example, if there is a Filter function, users can quickly find the trait and conditions they want. At the same time, the product can help users analyze and compare the current quotes of different trading platforms, then choose the lowest price, and add the NFT they want to buy to the shopping cart to buy. Users can not only see the prices on various trading platforms, but also find the lowest offers. You can also buy NFTs in bulk while being able to understand current NFT data or markets.

Fees refers to transaction fees, and it is well known that when buying an NFT, there are royalties and fees in addition to its own price. Whether it is possible to save on gas fees, or to get quotes from multiple markets, so that users can get the best price.

Finance refers to the return on earnings. If users want to succeed in Flip NFT, they generally need to make investment decisions through data and popularity. While presenting users with the most comprehensive data, NFTGo.io also provides users with convenient data analysis tools. Users can not only get a glimpse of the hottest NFT projects and market conditions at the moment, but also easily compare the differences between various NFTs, such as giant whale positions, holder distribution, etc. It is worth mentioning that NFTGo can also automatically detect cleaning transactions to prevent the purchase of suspicious NFTs.

epilogue

In summary, the NFT aggregation platform centralizes NFT information in one place, and users can optimize their buying experience. Without using an aggregator, users must visit each NFT exchange individually, register information, and view the respective NFT of each exchange. Whether for enthusiasts looking to get started in the world of NFT or analytics experts in the field of NFT, NFT aggregation trading will open the door to the future of NFT.

In the future, with the maturity and development of Metaverse and ChainTravel, there will be more in-game NFTs, dynamic NFTs, and even interactive NFTs. Digital asset trading may become a necessity for people, just like we buy and sell goods on the Internet every day. At the same time, the financialization of NFTs and the booming growth of the derivatives market will also facilitate the continued evolution of trading platforms.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/a-brief-analysis-of-the-development-process-of-nft-trading-platform-and-4f-evaluation-model/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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