Universal NFT knowledge map makes you proficient in NFT
Chapter 6 NFT Project Inventory
As we all know, NFTs have many categories, artworks, collectibles, virtual worlds, sports and more. Before browsing various NFT projects, the most important thing is to have an overall understanding of the NFT industry. For investors, it is necessary to grasp the macro situation and latest trends of NFT assets; for NFT novice, they want to know what NFT is?Why hold NFT assets? For NFT enthusiasts, which projects have NFT assets? How to buy NFT with low threshold? What NFT assets do I hold? How much are these assets valued at?
What is NFTGo?
Just as since the birth of digital currency, Coinmarketcap has occupied the most favorable “ecological position”, that is, it provides all data, knowledge and information related to digital currency entrance, and gradually grows into the ecological entrance of the cryptocurrency field. The vacancy of the NFT ecological entrance is also perfectly filled by NFTGo – NFTGo is an NFT data aggregation platform, which aims to display and analyze the multi-chain NFT data of the whole network, including macro market data, asset data, giant whale position data, etc. Provide NFT wallet, NFT aggregate transaction, NFT appraiser and other services for the NFT ecosystem.
This platform can provide users with NFT data and information aggregation services with the lowest threshold, help popularize, promote and trade NFT assets, deeply integrate various NFT usage scenarios, allow users to interact with NFTs with the best experience, and eventually become the industry-wide leader NFT ecological entrance.
What will NFTGo offer?
Visualization of the whole network NFT market data
One is data visualization. NFTGo has professional and rich NFT market data indicators, and collects NFT transaction and asset data from the entire network in real time to visualize in a way that suits current user needs, helping users gain insight into current NFT market trends and optimize purchase and investment decisions. .
In addition to data visualization, NFTGo also has the most comprehensive leaderboard function, covering multiple dimensions. In this way, it can help users discover high-value projects and assets, track NFT whales, evaluate the investment value of NFT and NFT Token, and explore the NFT holdings of users across the network.
The second is the asset search function. NFTGo provides a search engine to reach NFTs on the entire network. Compared with the “Amazon” of NFTs, many people report that they need a “Google” of NFTs. NFTGo aggregates high-quality NFT assets from the entire network, and builds an index based on meta information, allowing users to search for NFT assets across the entire network on one platform and explore the NFT world in a more efficient way.
In addition, NFTGo will launch aggregated transactions and data-based appraiser functions in the future, as well as various NFT indicators.
Official website: nftgo.io
1. Project Introduction
Founded in 2018, OpenSea is a blockchain-based global marketplace for buying and selling digital items. OpenSea is positioned as an industry-leading decentralized exchange (Decentralized Exchange, DEX), providing peer-to-peer Ethereum non-fungible token (NFT) transactions. The comprehensive platform sells a wide variety of digital goods, including digital artwork, encrypted collectibles, game items, and more. On the OpenSea platform, users can buy, sell and exchange tokens with anyone in the world.
2. Project Features
Currently, OpenSea is the largest decentralized digital goods marketplace with more than 700 items, including trading card games like Gods Unchained and CryptoSpells and collectible games like Axie Infinity and CryptoKitties. Goods come in multiple categories, fully tokenized and digitized. Since the proof of ownership and transaction records are permanently stored on the blockchain, users can become the legal owners as soon as they pay. Unlike physical items, these items cannot be stolen and sold elsewhere because the ownership record and all subsequent ownership records are permanently recorded on the blockchain.
3. Commodity types
Covering the broadest categories, the largest transferable digital collections, and the best prices, OpenSea is an excellent and secure platform for specific blockchain assets. The platform has built an extremely active developer community by attracting passionate users. OpenSea mainly sells digital artwork, crypto collectibles, game items and other digital assets built on the Ethereum ERC-721 and ERC-1155 standards, including trading card games such as Gods Unchained and CryptoSpells and Axie Infinity and CryptoKitties (CryptoKitties). ) and other favorite games. OpenSea is also the main marketplace for big games like My Crypto Heroes, Etheremon Adventure, CryptoVoxels, ChainBreakers, CryptoBeasties, Ether Kingdoms and more.
4. Project Tokens
Unissued project tokens
5. Commission collection
At present, compared with other traditional platforms, OpenSea charges relatively high commissions. The buyer’s transaction fee is about 2.5%. Other commission charges, such as game items, need to be charged 7.5% of the game project party’s fee. Sotheby’s and Christie’s auction art collections charge a buyer’s commission of about 12-25%, and a seller’s commission of about 2%-9%. Therefore, compared to traditional art auction houses, this commission price is also relatively low.
6. Development Team
In January 2018, Alex Atallah and Devin Finzer laid the foundation for the OpenSea platform. With backgrounds in Palantir, UC Berkeley, Google, Stanford, Facebook, and Pinterest, the duo is a strong team with deep expertise.
7. How to get involved
Opensea’s platform transactions are conducted through smart contracts, which means that users’ NFTs will never be taken care of by any central authority. It also means that the parties to the transaction can trust that the transaction will proceed as agreed, without the need for an intermediary. NFTs can be stored in software wallets such as Enjin Wallet, Coinbase Wallet, Opera Touch, and even chrome plugins for browsers such as MetaMask.
Key OpenSea partners are Quantstamp, BlockStack, Blockchain Capital, Trust Wallet, Combinator, Coinbase, Founders Fund and 1C. OpenSea has worked with game developers to create customizable online stores for users to automatically buy and sell their crypto collections.
1. Project Introduction
Nifty Gateway is a regulated, non-fungible token (NFT) money market, built using Gemini’s backend infrastructure. On the platform, users can buy NFTs with a credit card and cash out directly into a bank account when they sell.
Nifty Gateway is an extremely active and innovative platform with all its services now available to international users. Users only need to register an email address to start trading NFTs. Recently, Nifty Gateway also updated the secret function – Prepaid ETH, hoping that Ethereum users and credit card users are in the same interaction speed environment, and it only takes one second to see whether they have received artwork.
2. Project Features
Nifty Gateway excels at spotting hot spots in celebrity collaborations, creating and releasing exclusive tokenized collectibles. The company rolls out new NFTs roughly every three weeks. Notable works include the platform’s collection of collaborations with former UFC women’s lightweight champion Cris Cyborg and photographer Lyle Owerko. This year, Nifty Gateway tweeted that the creators of Rick & Morty would also be selling their NFT artwork on Ethereum.
3. Commodity types
The Nifty Gateway platform can be used to purchase and manage NFTs. Currently supported cryptocurrency games and applications include CryptoKitties, OpenSea, Gods Unchained and other projects. Nifty Gateway has certainly made waves in cryptocurrency over the past year.
The Nifty Gateway platform witnessed the successful auction of crypto artist Beeple’s artwork THE COMPLETE MF COLLECTION, which sold for $777,777, the most expensive crypto artwork to date; artist Trevor Jones’ work “Picasso’s Bull” Sold to Pablo Rodriguez-Fraile of the Museum of Crypto Art (MOCA) for $55,555.55, breaking all previous records for the sale of digital artwork in the form of NFTs. Such successful auctions signal a bright future for NFTs and make Nifty even stronger.
4. Project Tokens
Project tokens have not been issued yet.
5. Development Team
Nifty Gateway was acquired by Gemini cryptocurrency exchange “Bitcoin billionaire” twins Tyler and Cameron Winklevoss in 2019, the exchange’s first acquisition. Coincidentally, the founders of Nifty Gateway are also twin brothers – Duncan and Griffin Cock Foster.
6. How to get involved
Currently, platforms such as Nifty Gateway and SuperRare also allow users to purchase items with a credit or debit card.
1. Project Introduction
Rarible is an NFT issuance and exchange platform that creates and sells digital collections secured by the blockchain. The platform is an open-source, non-custodial platform for users to mint, sell, and create collectibles. Any user can enter Rarible to create and display their own artwork, and they can also use Ethereum tokens to buy artwork for collection. The user owns the ownership and intellectual property rights of the tokens. Buyers and sellers can trade collectibles on the Rarible NFT marketplace for almost negligible cost.
Rarible also released its own native governance token, ERC-20, in 2020, improving the sales process and sales conditions in this marketplace, reducing the cost to users to almost zero.
2. Project Features
The decentralization feature of Rarible is very obvious. Decentralized exchanges will delegate governance to all who hold governance tokens, and the only way to earn those governance tokens is to buy them on a crypto exchange. While these tokens are nominally used for governance, many holders actually use them for profit. The decentralized model plus governance tokens allow users to manage the development and decision-making of the platform, allowing the most active players to vote for any platform upgrade and participate in management and auditing.
Counting the features of Rarible, it is not difficult to find that the platform greatly facilitates the process of users creating and minting their own digital tokens. The threshold is low, providing a convenient user experience for non-coders, and the transaction cost is low in the peer-to-peer model. .
3. Commodity types
Art creation activities on Rarible are very active. For example, billionaire and Dallas Mavericks owner Mark Cuban once released his encrypted art NFT “The RollUp 2021”. Cointelegraph has also conducted single-edition NFT auctions of well-known artworks on its platform, including “The Last ICO” inspired by Italian painter Leonardo da Vinci’s “The Last Supper”, according to French painter Henri Marti “Silent Disco” adapted from “La Danse” by St.
4. Project Tokens
RARI is an ERC-20 governance token released by Rarible in July 2020. RARI integrates several hotspots of DeFi + NFT in 2020, combining digital collections with farming income and liquid mining. Users who use the platform can get the RARI proxy token as a reward. RARI mainly focuses on user-generated art works, using NFT to provide proof of provenance and guarantee the intellectual property rights of users’ new artworks. In addition, RARI improves the sales process and sales conditions in this marketplace, reducing the cost to users to almost zero and incentivizing user participation.
RARI’s use cases include governance, management, and featured artwork voting. Traders can also keep an eye on other platforms’ platform tokens, or add author Sophia (ID:lovebit98) to get the latest news.
5. Commission collection
Rarible Marketplace recommends that creators set royalty amounts at around 10%, 20%, and 30%.
6. Development Team
Rarible’s co-founders are Alexei Falin and Alexander Salnikov. Alexander Salinkov has a technical background of over 7 years and has also worked on some well-known crypto projects, including Humaniq.
7. How to get involved
MetaMask registration is still required to trade on Rarible.
Rarible has been favored by many investors and has also carried out many cooperation projects. Rarible has partnered with DeFi project Yearn Finance to issue insurance in the form of tokens, and Yearn Finance’s yInsure will allow users to purchase tokenized insurance for various DeFi activities through the Rarible marketplace.
1. Project Introduction
Launched in 2016, MakersPlace is a blockchain-based, full-service platform for artists and creators to mint NFTs that represent their work. Using blockchain technology, every digital creation a collector acquires through MakersPlace is a unique digital creation signed and issued by the creator. Even if someone else copies the digital work, it will not be an authentic or original signed version. The platform connects artists with art lovers and collectors through a marketplace and a network of partners. With MakersPlace, artists are better able to capture the full potential value of digital work.
Last year, MakersPlace officially launched after a year-long beta test. The platform’s founders, Dannie Chu and Yash Nelapati, who have worked at Pinterest, discovered Pinterest’s shortcomings in providing a way for creators to monetize, and created MakersPlace as a digital work exchange.
2. Project Features
MakersPlace provides a platform for artists to sell their art works online. Artists do not need to have an in-depth understanding of blockchain technology. They only need to provide a photo ID to obtain the generated ERC-20 tokens in MakersPlace to carry out works. trade. Artists can keep the currency in their own digitally encrypted “wallet”, or they can choose to use a wallet provided by MakersPlace.
3. Commodity types
MakersPlace is powered by blockchain technology to provide digital artists such as proof of authenticity, ownership and scarcity.
Through MakersPlace, creators can better capture the full underlying value of digital works. MakersPlace has partnered with thousands of amazing digital artists, helping them trade their unique artwork. The platform is easy to use and the transaction process is very smooth, providing a one-stop comprehensive experience for both shoppers and sellers.
4. Project Tokens
No project tokens have been issued yet
5. Commission collection
Makersplace encourages artists to sell their work on the platform, earning a 15% commission on digital art transactions.
6. Development Team
MakersPlace’s main founders, Dannie Chu and Yash Nelapati, were both previously engineers at Pinterest. Another co-founder, Ryoma Ito, has held key product/marketing positions at various start-ups.
7. How to get involved
MakersPlace In order to purchase digital works on the blockchain, users need a digital wallet and cryptocurrency for storing and purchasing works respectively. However, most people in the world do not have digital wallets and ether, making it difficult for creators to sell their work to fans and collectors. To address this, MakersPlace has partnered with Stripe to support global credit card payments for digital works.
MakersPlace has many partners, and the cooperation is very popular. One of the partners that has caused a hot spot is Decentraland. MakersPlace has added all of its works to the market section of Decentraland, with the theme of authentic and unique digital works, digitally signed and verified through the blockchain, and deserves to be the gathering place of the world’s highest quality and rarest digital art works. Interested readers can visit the MakersPlace VR Gallery.
1. Project Introduction
Founded in 2017, SuperRare is known as an Internet digital art market with a global network of digital artists, with nearly 700 artists. SuperRare is based on blockchain technology and follows the ERC721 standard. The entire history and origin of artworks can be traced on the distributed ledger, and no one can cheat or cheat.
Rare digital artwork can be easily created, sold, and collected on this platform. The platform enables artists to access new sources of income, and provides collectors with a place to store or trade artwork assets, guarantee the scarcity and originality of works, and solve issues such as copyright traceability. Artists can auction their creations or sell them for a fixed price. Once NFTs are sold, they can be resold at any price on various NFT trading platforms. The platform has come a long way since its inception.
2. Project Features
What makes SuperRare unique is that while anyone can buy and hold Ethereum tokens, only invited artists can create artwork on the platform. To apply to join the network as an artist, you must complete an application form. SuperRare requires that all artwork created on the platform be original and not tokenized elsewhere on the internet. The high threshold requirements for artists to settle in have largely guaranteed the quality of artworks.
3. Commodity types
SuperRare’s platform artworks are positioned as high-end and have high requirements for artists to enter, which ensures the high quality of artworks to a certain extent. At the same time, SuperRare’s good community building and regular high-quality digital art exhibitions have effectively expanded the coverage of digital art, gradually becoming the cornerstone and standard of the digital art industry. The SuperRare on-chain art gallery has functions such as exhibitions and auctions of offline art galleries, and uses NFT to ensure the originality of works and protect the intellectual property rights of artists.
SuperRare has held its China debut with ArtGee, ChainNews and Digital Renaissance in Shanghai, inviting ten mainstream crypto artists with diverse styles and creative techniques to exhibit, including Pak, Esteban Diacono, etc. The event is dedicated to promoting and raising public awareness of NFT artwork, bridging the gap between artists and those in the blockchain field.
4. Project Tokens
Project tokens have not been issued yet.
5. Commission extraction
On the SuperRare test platform, there is no commission for the first sale and 3% for the second sale. Its mission is to help artists make a living on the Internet while contributing more art to the world, believing that artists can make a living the way they love.
6. Development Team
SuperRare was founded in 2017 by John Crain (CEO), Charles Crain (CTO) and Johnathan Perkins (CPO). They are also the founders of Pixura, a platform for creating, tracking and exchanging encrypted digital collections.
7. How to get involved
Currently, platforms such as Nifty Gateway and SuperRare also allow users to purchase items with a credit or debit card.
In 2019, SuperRare teamed up with DADA.art for an event at Tate Modern in London, creating art for the first time in a world-class museum and then making it immediately available to collectors around the world. Like MakersPlace, SuperRare has also worked with Decentraland and attracted a lot of attention.
Decentraland is one of the oldest NFT projects. The platform is a virtual world where players can buy, build, explore virtual structures, and socialize. Decentraland is an Ethereum-based decentralized VR platform that gives users full control over the content environments and applications they create, ranging from any static 3D scene to more interactive applications or games. The limited and tradable 3D virtual space on Decentraland is called LAND, which is an NFT using the ERC-721 protocol. LAND is identified by coordinates, and community members can use MANA to buy it and have it permanently. In addition, LAND can be further organized into thematic communities, which are shared spaces with common interests and uses. In Decentraland, there are NFT stores all over, some NFTs are for display only, while others can be purchased with MANA. Users can buy wearables on the Decentraland Marketplace, which also sells hats, shoes, shirts, and plots. In addition, Decentralized Autonomous Organizations (DAOs) allow users to participate in the creation and operation of virtual worlds. To solve scaling problems, reduce transaction costs, and increase transaction speed, Decentraland users can take advantage of Matic’s Proof of Stake (PoS) sidechain, which is a Layer 2 scaling solution built for Ethereum (previously named Plasma) .
The Decentraland core team has a strong reputation in cryptography, software engineering, and venture capital. Founded by acclaimed BitPay software engineer Esteban Ordano, the team is registered as Metaverse Holdings Ltd and headquartered in Beijing, China. Ordano and other Decentraland team members including project director Ariel Meilich, board members Manuel Araoz and Yemel Jardi created the blockchain-oriented hackerspace, Voltaire, based in Argentina.
Decentraland has established partnerships with several blockchain projects, such as Aragon, Coral, district0x, etc. Due to the timing of its birth and the support of the support institutions behind it, Decentraland has been wildly sought after by investors and the market in the ICO boom, and successfully raised $25 million. Craft’s data shows that as of October 2020, even at a cost of $3 million per year, the Decentraland team can almost cover the team’s staffing expenses for 10 years.
MANA is an Ethereum ERC-20 utility token released by Decentraland in 2017, which can be used to purchase LAND and virtual goods and services in Decentraland. MANA can also be used to pay for avatars, items, collectibles, and entertainment such as gambling. MANA’s earning mechanism is an incentive for game developers to create and manage premium content. The supply of MANA is fixed, and MANA is burned after it is used to buy LAND.
Cryptovoxels is one of Ethereum’s coolest virtual world projects, and it’s been growing rapidly recently, so let’s find out.
1. What are Cryptovoxels?
In simple terms, CV is an Ethereum virtual reality (VR) world. In short, this project enables users to buy and sell virtual land and other digital assets in the CV world.
However, CVs like Minecraft are more than the sum of their parts. The project covers many things such as real estate, VR, hyper-digitization, cryptography, and more. The community that CV has built so far is not monolithic, but diverse: so far, there are speculators, builders, and people in between.
In total, these CV-based plots brought in over 7,300 ETH in transaction volume. CV land is in greater demand and prices are higher than ever, and CV transactions are bound to increase for the foreseeable future.
Meet Cryptovoxels: A User’s Virtual World
2. The Land of the Creator
CV provides a Minecraft-like experience for digital builders. In this way, there are already many talented builders in the CV showing off their items on the wonderful turf of the digital world.
But digital architects are only one of CV’s main user groups. In fact, the utility of the digital world is far beyond the imagination of users. For example, in recent months, CV has become a major gallery for famous crypto artists.
That is to say, many artists who created Ethereum Fungible Tokens (NFTs) are now building galleries in CV to display their works, which shows that CV is a young platform that is very friendly to content creators in general.
3. Why? “Digital Scarcity”
Andrew Steinwold is one of Ethereum’s most prominent NFT analysts and founder of the Zima Red newsletter.
This month, Steinwold published an article in Zima Red called “The Scarce Web.” In conclusion, Steinwold believes that CV-like virtual world projects are “scarce web platforms.” If you want to understand why CV land is so valuable, Steinwold’s argument has the answer:
“The best example of scarcity networks today is the virtual world of blockchains, such as Decentraland, Cryptovoxels, Somnium Space, The Sandbox. This blog post uses “scarcity network platforms,” a term that refers to blockchain-based The virtual worlds of… Further explanation is that these virtual worlds sell land to users, and users can build anything they like. Users can create a social media profile, link their own photos, post their bios, and even create electronic Commerce store. Simply put, the virtual world is a 3D website with native monetization and scarcity characteristics.”
4. Original Land Auction
Cryptovoxels’ iconic virtual land is called Origin City. One of the most underreported things in Ethereum is that on April 8, 2020, the last pristine land just sold out at auction.
That is, the original land can no longer be obtained through auction – only through peer-to-peer (P2P) transactions.
In this sense, CV has achieved a preliminary and important decentralization, and the future development direction of the project mainly comes from rising demand. Demand is currently high. On the decentralized market OpenSea, the lowest price of CV land is 2.99 ETH, or about $520.
But this price floor is not a fixed number. Once lower, it may be higher in the future. But the current lower bound speaks to the popularity of CVs, as buyers now have to pay a price to lock in their digital land.
Adjacent Land (Island Properties) Coming Soon
The original plot of land in the CV is probably sold out by now. But that’s not to say CV auctions are goodbye forever.
In fact, the builders of virtual worlds have recently offered the possibility of adding and auctioning adjacent plots around the edges of the original plots.
As a result, there will be more CV auctions in the coming weeks, albeit only for newly added adjacent sites. Original land can only be purchased in the secondary market.
5. CV is constantly improving
Cryptocurrency projects are software projects. That said, the top-ranked crypto projects are constantly being updated, often by brilliant professionals.
The CV team is one of the most prolific and hardworking teams in the entire crypto economy. Why? Follow CV’s Twitter account to see how quickly the developers are updating.
Some crypto projects never update for months, but CV is just the opposite: updated almost daily, the CV development team is small, but highly qualified and dynamic.
6. The rise of VR
The new crown epidemic has greatly increased the possibility of telecommuting and remote living. That focus will continue for years to come, at least depending on how things evolve from there, and the VR industry is sure to benefit.
Renewed interest in the sharing of digital spaces will only prompt CV to improve its position in the crypto-economy. Now that CV is still in its infancy, there is huge room for growth, and it is undeniable that CV’s influence and popularity will increase significantly in the coming months.
Therefore, CV looks to be one of the active dark horses in the crypto space. As VR continues to grow inside and outside of the crypto space, the impact of CV is sure to continue to rise.
That said, the CV is not only well-built, but also precisely timed. More broadly, CV shows that Ethereum is more than just a decentralized financial platform – much more than that, such as digitizing real estate transaction settlement services. There are still many possibilities to be explored, and the cool CV is one of the projects being explored.
Alien World (TLM)
DeFi and NFT are two blockchain buzzwords. Alien Worlds combines the two with token staking, mining and virtual land sales to create a whole new gaming experience. Following the completion of the first NFT “cross-chain” auction in mid-October 2020, Alien Worlds successfully raised $250,000 in the “card package pre-sale” in December. Alien Worlds will certainly be familiar to anyone who has ventured into the DeFi space with its mechanics and features.
Dacoco, the team at Alien Worlds, has a history of daring to innovate. The team assisted in successfully promoting the hot airdrop of eosDAC in 2018, the market value soared, and also promoted the release of the EOS (Enterprise Operation System) public chain. Emerging technologies naturally conquer new dimensions.
For some, CryptoKitties is already the greatest game. Users and DeFi degens (degenerate gamblers, degenerate gamblers) calculate their crypto portfolios on a daily basis, hoping to find the next flashpoint and fortune. In the same spirit of adventure, Alien Worlds created a storyline of a space expedition with a final destination far beyond the solar system. In 2055, epidemics ravaged the earth, but instead of staying at home in lockdown as in 2020, humans went to explore other planets. This solution may not be practical, but it sounds far more exciting.
Gamification is a big trend in the cryptocurrency space. Alien Worlds is the first and only cross-cutting project that leverages Ethereum and the WAX blockchain to give players new ways to buy, sell and earn digital collectibles.
What is Alien Worlds
The background of Alien Worlds is set in 2055. Explorers can fight and mine in 6 different virtual planets. Players also have the right to participate in the management and decision-making of DAO (Decentralized Autonomous Organization) on the autonomous planet. This decentralized model of decentralization can inspire creativity and growth within its creative space. In Alien Worlds, users can create their own games and NFTs.
The game’s 6 autonomous planets consist of 3343 land packs. Each land package contains a land NFT and 7 other supporting NFTs. Compare that to projects like Decentraland (90,000 parcels) or Sandbox (120,000 parcels) to see how scarce land is in Alien Worlds. Space may be infinite, but Alien Worlds’ land NFTs are limited.
Alien Worlds has two currencies: Trilium, the game currency of the ERC-20 protocol, and NFT tokens that represent items such as weapons, land, and more. The benefits of land ownership will be presented in the form of the game’s native token, Trilium (TLM).
Adventurers can choose to mine the land themselves, or allow others to mine their own land and pay a commission.Therefore, landowners can choose to actively participate or let others mine their land. The built-in revenue function of the game can earn commissions, and players can also set the commission rate according to their preferences to earn their own passive income. In Alien Worlds, owning land is the surest and easiest way to earn TLM. The game’s NFT cards have actual functions driven by smart contracts, unlike NFTs used for collectibles.
Alien Worlds also has other forms of NFTs, such as mining tools, etc., but only the owner can use it. Land has a DeFi-like income attribute that will encourage landowners to open up their land to space explorers.
In the crypto space, the virtual land buying frenzy is digital, happening from the comfort of a chair or behind a computer screen. Once, land ownership has always been the privilege of the upper class; now, in the virtual world, every player has the opportunity to own a piece of land NFT that belongs to him.
Dacoco, the development team at Alien Worlds, held a land auction on December 4, which attracted great interest from the community and sold out. Thereafter, Dacoco will incentivize landowners to develop the land and add value to the ecosystem. The company further plans to roll out an immersive experience that will be integrated into the Alien Worlds ecosystem. The economic incentives brought by Alien Worlds will drive increased player engagement, which may be a broader megatrend.
NBA Top Shot
The NBA has partnered with CryptoKitties founding team Dapper Labs to launch NBA Top Shot, a blockchain-based collection game. According to Dapper Labs, the game will allow NBA fans to buy, sell, trade and collect digitally iconic moves of the season, such as Kevin Durant’s 3-pointer or Joel Emiid’s ) for dunks in online games or tournaments. Josh Goodstadt, director of business for the American Basketball Players Association, said the association believes that blockchain technology creates truly unique products that fans can collect, manage and interact with in a fun environment.
Enjin, a cryptocurrency and blockchain platform on Ethereum launched in 2009, is one of the largest social gaming platforms in the world, with an average of over 60 million monthly page views and over 19 million registered players. The platform helps developers launch games by providing open source software development kits, wallets, plugins and management applications, and payment gateway support, and provides a complete solution for game communities, content creators, game servers and game publishers. Enjin Coin (Enjin Coin) is an ERC-20 token launched by this large-scale gaming community platform headquartered in Singapore. Users can use the Enjin coins they hold on many gaming platforms and gaming websites, which will greatly enhance players’ use of gaming platforms. viscosity.
Ten things you need to know about ENJs
- Enjin Network is a social gaming platform where users can create websites, chat, run virtual item stores, and more. In the current climate of social distancing, the Enjin platform is playing a huge role in connecting users.
- The Enjin platform can create and manage blockchain games by building and maintaining its own blockchain infrastructure. This feature is very helpful for developing highly customized games based on user interests.
- Enjin helps game developers leverage tokenized digital assets and build monetization strategies.
- Enjin has obvious advantages, such as fast transaction speed, and users can create their own characters, weapons, properties and other game assets.
- Enjin enables users to alter, upgrade, create and trade blockchain-based game assets. While these are virtual assets, they still have real value.
- Enjin provides players with a high degree of security, transparency and immutability.
- Enjin has some of the strongest team members in the blockchain industry, such as Anthony Diiorio (co-founder of Ethereum) and Pat LaBine (former producer and technical director of Bioware).
- Enjin is a cross-chain project, and a large number of players from all over the world are loyal users of the platform.Enjin provides users with valuable services such as custody, smart contracts, and wallets.
- Enjin Coin (ENJ) is the life core of the Enjin ecosystem. It is an Ethereum-based ERC-20 cryptocurrency that is compatible with Ethereum wallets such as MyEtherWallet, but also other wallets such as Ledger Nano S, Trezor, etc.
- Enjin wallet. Each user has their own unique blockchain address, and all transactions on the blockchain need to be authorized using this private key. Enjin has a highly secure wallet that makes invoicing, refunding, and customizing payments on different websites easy for users.
1. Project Introduction
Startup DIGITALAX has launched the world’s first NFT protocol for the digital fashion industry — and it’s confident it can bring these cutting-edge digital assets into the mainstream. DIGITALAX is the first dedicated purely digital fashion auction trading platform and open source digital fashion toolkit. The future will further improve programmable rarity, a decentralized digital fashion supply chain, a native digital fashion pricing framework, designer and developer collaboration channels, and more.
The project is based on the Ethereum platform. DIGITALAX’s primary goals include, but are not limited to, enabling new industry standards around digital goods, open digital licenses, and supply chain automation, and addressing core issues around the liquidity and stability of non-fungible tokens.
Self-funded, the project addresses core issues surrounding programmable scarcity and a decentralized digital fashion supply chain. It employs tools and technologies that allow designers and developers to collaborate on the development of digital materials, patterns and interoperable game and VR fashion assets.
2. Platform Features
The DIGITALAX marketplace provides designers with an interface to auction their work — these virtual garments can even be staked.
More than 30 talented professionals have come together to form the Global Designer Network, with members in Europe, the US and Africa. They create ultra-realistic 3D skins and virtual cosmetics that are sold to all users.
Under this innovative model, designers can receive royalties whenever the designed clothes are purchased by people – NFT technology also integrates DIGITALAX’s Open Digital Fashion License (Open Digital Fashion License), which protects intellectual property rights and allows buyers to purchase any Items can have a complete intellectual property transfer certificate.
DIGITALAX also hopes its NFTs will reinvigorate the gaming and virtual reality worlds — with a combined market cap of trillions of dollars — and empower passionate creators.
The platform employs three tokens – ERC-721, ERC-1155 and ERC-20 – which can be used to participate in auctions, vote on governance matters, and earn revenue from the marketplace platform. They lay the foundation for new business models such as fractional clothing ownership.
In early December 2020, DIGITALAX announced a partnership with Youcan – the Youcan virtual world app will accept DIGITALAX NFTs. The partnership has been called a major milestone for the NFT industry as well as the crypto space.
The project was created by 22-year-old CEO Emma-Jane MacKinnon-Lee. When the time comes, the platform plans to position itself as a digital fashion store and platform serving the 3D content marketplace for games and VR applications.
3. Digital fashion
Digital fashion is dresses, clothing and accessories produced and presented by computer software such as CLO3D and Zbrush. It is still in its infancy. Designers can use digital fashion creation software to design and eventually create products everywhere, greatly reducing clothing material waste. Digital fashion can create and build virtual spaces to offer digital limited-edition collections of clothing in games, digital concerts or shows, enabling a whole new business model.
In the DIGITALAX ecosystem, each fashion NFT has a unique and original design, material, pattern, texture, and clothing ownership and intellectual property rights are protected. All works are direct, transparent and decentralized. The designer’s unique work can have a digital fashion license, which can be circulated and used on a global scale, with a guarantee of credibility. This undoubtedly improves the status of artists and attracts more artists to enter the system and design works.
4. Scalability and Sustainability
According to DIGITALAX, scalability and sustainable applications are essential if NFTs have a chance to be widely accepted by the fashion industry.
In recent years, the world’s top luxury brands such as Louis Vuitton and Christian Dior have begun to invest in blockchain technology. Together with Microsoft, they have built a platform where consumers can verify the authenticity of high-end merchandise.
Logically, NFTs will be the next phase of the industry. Dozens of major sports teams have already started tokenizing star players – most recently, Paris Saint-Germain football star Kylian Mbappé’s scarce non-fungible token was successfully sold for $65,000.
The reason why DIGITALAX launched digital fashion is to update the development of digital economies of scale, so that real numbers have the ability to express themselves. DIGITALAX will build a complete ecosystem to empower digital fashion designers with the right technology and distribution channels to be able to reach these new segments and future customers in the fashion industry. In addition, the platform promotes open-source fashion innovation, leading to more cross-collaboration between designers and developers.
The Sandbox (SAND)
The Sandbox is a community-driven virtual gaming platform where creators can tokenize assets within the gaming experience. Game players can create digital assets (non-fungible tokens, NFTs) in The Sandbox VoxEdit, upload them to the store, and players can create games through Game Maker’s simple drag-and-drop method, even without programming knowledge. . The Metaverse of The Sandbox consists of 166,464 LANDs. Landowners can hold competitions and events, use SAND to earn and create assets, tokenize assets and experience, vote in Metaverse governance, and participate in mutual platform upgrade decisions. The platform provides players with both platform games and allows users to create their own games. The Sandbox aims to add fun to blockchain by attracting more crypto and non-crypto gaming enthusiasts through the benefits of true ownership, digital scarcity, profitability and interoperability that blockchain technology has.
SAND is an Ethereum-based ERC-20 functional token in The Sandbox ecosystem, which is the basis for transactions and interactions. SAND is the main token in the system, used by players, developers, and publishers. The total amount of SAND is limited, with a circulation of only 3 billion, and its value increases over time. SAND also supports the EIP1776 protocol, which is still in draft, to standardize native hypertransactions, allowing users using EOA wallets (such as Metamask) to transact without holding ETH. SAND has three core elements: the editing software application VoxEdit, the platform design trading market and the game itself settings.
The Sandbox has a senior team of 42 people in Argentina, France, South Korea and Japan. The ecosystem core team includes CEO and Director Arthur Madrid, COO and Director Sebastien Borget, CFO Marcelo Santurio, game inventor Pablo Iglesias and CTO Lucas Shrewsbury.
SAND’s publishing team, The Sandbox team, has partnered with more than 60 organizations. Partner organizations can develop content on their platforms, such as brands such as Shaun the Sheep, dApp game studios such as Dapper Labs (CryptoKitties), investors such as Square Enix (Final Fantasy, Tomb Raider), and ATARI (Rollercoaster Tycoon, Pong), etc. Iconic Gaming Company. The latest data shows that as of August 2020, The Sandbox has successfully raised $3 million in refinancing, led by Square Enix, B Cryptos, Mindfulness Capital, True Global Ventures (TGV) and others.
WAX.io is a thriving NFT market, a blockchain built on EOSIO technology. The project is constantly moving towards mainstream adoption. As a decentralized platform, the Global Asset Exchange (WAX) allows any user to trade on its full-featured virtual exchange platform, the safest, most secure way to create, buy, sell and trade virtual items. The most convenient way, designed to serve 40 billion online players, allowing players to collect, buy and sell in-game digital items.
What are the advantages of WAX?
The team has a formed organizational structure, and members have a clear division of labor. The WAX management team consists of core members of OPSkins who have extensive experience in virtual game equipment trading. Given that WAX is a subsidiary business of OPSkins, WAX is relatively mature in terms of team foundation and structure.
WAX follows the DPoS incentive mechanism of EOS. The greatest value of WAX tokens is to act as a virtual asset trading medium within WAX. Currently, WAX has not established its own main network to motivate the community through WAX tokens.
Cooperative institutions and projects are closely related, which is conducive to the ecological development of WAX. WAX partner institutions are mainly concentrated in the fields of games, virtual reality, wallets and so on. Game cooperative institutions can place game items on WAX for trading; virtual reality platforms can realize virtual reality interaction between transaction users and digital assets; wallet applications allow users to directly use WAX tokens or other cryptocurrencies to trade on WAX s product.
WAX Google search popularity is relatively good, and the market value ranks high.
The price of WAX token is about $0.058, with a circulating market value of $54.61 million, ranking 67th in the global token market.
If a user is interested in NFT collectibles on the WAX platform, the first thing to do is to apply for a WAX account and digital WAX wallet. Many well-known collectibles such as Garbage Pail Kids and William Shatner collectibles have been released on the WAX platform, attracting many new users to participate.
Getting a WAX account is easy and the quickest way is to sign up through WAX Cloud Wallet. Accounts are open to users free of charge. There are other ways to create a WAX account, but WAX Cloud Wallet is by far the easiest and most efficient way.
WAX Cloud Wallet gives users many options when registering and logging into a WAX account, including the well-known email/password, Google, Facebook, Twitter, Reddit, Discord, Github and Line registration and login options. After registering for a WAX Cloud Wallet account, users will receive 2 WAX Stakes free of charge for users to use after creation.
In fact, the only difference in creating a WAX Cloud Wallet account compared to other mainstream non-blockchain-based registrations or applications on the internet is that the user must save the details provided such as password, recovery phrase and 2FA (optional) )), if the user forgets or loses this information, WAX is not responsible for resetting the user. In other words, the user must ensure that all information included in the registration has been copied or stored in a safe place, such as on a portable USB, so that the user does not lose access to the account by losing the relevant information.
Primary and secondary markets for NFTs and on-chain collectibles
After creating a WAX account through Cloud Wallet, users can explore all the major and minor markets in the ecosystem.The primary market is often seen as an exclusive market for a particular product, and the secondary market offers a large collection of collectibles peer-to-peer. The primary market allows users to buy NFT collectibles.
Users can use the WAX Cloud Wallet to log in to the trading site and then make purchases in WAX Tokens with a credit card. Finally, the purchased assets will be directly transferred and held in the WAX account represented by the Cloud Wallet address. Users can choose to keep these properties in Cloud Wallet, move or send them to another WAX account address, or sell them on the secondary market. Both https://toppsgpk.io/ and https://shatnercards.io/ are the more popular primary markets at present, and the development momentum is amazing.
The secondary market is where users buy, sell and trade their assets. Unlike the primary market where projects or individuals post original goods, the secondary market is more like a traditional trade show where users can look around for the best deals. Unlike traditional trade shows, the WAX.io marketplace is open to everyone, and anyone can use the WAX Cloud Wallet (or another WAX account supported by the platform) to log in and sell assets, list assets for bids, and in some cases, It is also possible to exchange one asset for another. Currently popular secondary markets include Collectibles.io, Myth Market, AtomicHub and WAX Inventory.
The WAX NFT marketplace is generally popular, with basically every NFT sold out within hours, sometimes minutes. WAX NFT partners include well-known brands and celebrities such as Deadmau5, Atari, William Shatner, Topps Company, etc., as well as the upcoming Capcom’s Street Fighter, etc. In addition, independent projects such as KOGS, Bitcoin Origins, Blockchain Heroes, Alien Worlds, etc. have generated millions of dollars in profits on both the primary and secondary WAX markets.
The sports entertainment industry has always had a very wide audience around the world, and the emergence of some blockchain-based sports platforms is also changing the way fans and clubs interact. Recently, NFT Labs invited Siyi, the head of Chiliz China, to chat with you about the new trends in the sports industry.
Sophia (NFT Labs): Can you briefly introduce Chiliz to the friends of NFT Labs? And what partners does Chiliz have now?
Siyi (Chiliz): Chiliz ($CHZ) is a blockchain service provider for the sports and entertainment industry, our goal is to help fans and clubs in the traditional sports industry communicate and communicate, turning passive fans into active fans fans, and provide fans economic solutions for sports clubs. These programs are realized through the fan participation incentive platform we have built.
We currently have more than 30 partners covering different sports events, including many well-known clubs, such as Barcelona, Juventus, Paris Saint-Germain, AC Milan, Roma, Galatasaray, etc. There are also leading clubs in esports, including OG, Heretics, NAVI and Alliance. We also have long-term cooperation with top mixed martial arts competitions UFC and PFL, American Hockey Club New Jersey Devils, F1 racing team Aston Martin Cognizant, Alfa Romeo Racing Oren, and Indian Cricket Premier League teams.
We have long-term exclusive partnership agreements with each club and currently launch Fan Tokens for the vast majority of our partners. The token is a certificate for club fans to participate in the decision-making voting of the club, and the total amount is constant, and at the same time, fans can enjoy exclusive rewards.
Our vision is to achieve this by building a broad network of the world’s leading sports organizations through Fan Tokens and interactive fan engagement on the app. Fan Tokens are collectible digital assets minted on the Chiliz blockchain that allow the world’s leading sports organizations to access the fan influence and fan reward ecosystem through the fan engagement platform.
Sophia (NFT Labs): The vision is great! Can you use a few key words to outline the main features of the project and what kind of background did Chiliz come into being?
Siyi (Chiliz): I think our characteristics can be summed up in a few words – out of the circle, wide audience, low threshold, stickiness. Many of Chiliz’s partners are mainstream well-known sports brands, and our main audience is the vast number of fans and fan groups of all partner brands, which gives us the characteristic of being out of the circle. Low threshold means that from the perspective of consumption and user experience, the threshold for users to use is low.
Our founding team is mainly from a Texas Hold’em background and has been exploring fan economy in Texas Hold’em.Because the founding team ran an e-sports poker league platform (GPL.com) at that time, although we gained a lot of traffic and users, we really lacked a method to effectively increase the participation of poker players’ fans and audiences, and to effectively monetize the traffic. s method. Therefore, the founding team began to study how to better solve such a pain point.
Later, we thought that it was actually better to combine this idea with the sports industry with a wider audience and more enthusiastic fans than simply developing a fan economy in the poker league. From there we started working with traditional sports, and in 2018 we reached the first round of partnerships with Paris Saint-Germain and Juventus.
Sophia (NFT Labs): Chiliz’s rapid advancement in the industry must be inseparable from the efforts of team members. Can you share with us some interesting stories behind the team? What was the coincidence that led to the current integration of the team?
Siyi (Chiliz): The background of our team is very diverse. At present, the company has more than 100 employees from more than 20 countries. Friends in the community often ask me which country Chiliz is from, and I can only say that there is no answer to this question. Our founding team members come from different countries. The founder Alex is French, and the COO Emma Diskin, who is in charge of the company’s operations, is from the United Kingdom. At present, the company’s headquarters is in Malta. Other main offices include Turkey, France, South Korea and Latin America. Our users come from all over the world.
Our founding team came together through our previous online poker business, and because we have partners in the football and esports sectors, we have attracted professional commentators in the field of esports, FC Roma, West Ham and St Petersburg The addition of former executives/employees of football clubs such as Zenit etc. In terms of products, most of our colleagues come from online payment, finance, entertainment and other fields, which also constitute the core elements of our products.
Being able to have the current team is also inseparable from everyone’s recognition and optimism for our product vision.Almost all of our colleagues are sports fans or e-sports fans. They have a very high enthusiasm for the product and agree with the future direction of the product and the changes that can be made to the traditional sports industry. This is also an important reason for bringing everyone together. one.
Another interesting thing is that a colleague who joined the company’s data analysis this year was a loyal user of Socios.com before. He is a Juventus fan. He won the VIP experience at Juventus’ home court through Socios.com. He couldn’t wait to apply when he saw that we were recruiting our counterparts, and now he is very happy to be able to work in a company he likes.
Sophia (NFT Labs): How does Chiliz combine the fan economy and blockchain?
Siyi (Chiliz): We have created an incentive platform for fans to participate, which currently integrates functions such as voting, social networking, games, and incentives. CHZ is the native token of the platform, and users can exchange CHZ for the fan token of their favorite club (fan token Tokens run on CHZ’s permitted side chain), and then use tokens to participate in the club’s voting and decision-making, and this process is built on the blockchain to ensure the openness and transparency of voting. And because the token itself has a cost, this further reduces the behavior of malicious operations.
At present, the way traditional sports clubs communicate with fans online is similar to social media, but traditional social media is more fragile. For the vast majority of clubs, 99% of their fan base is basically off the field, like Juventus, for example, who may have a larger fan base in Asia than even in their native Italy. Therefore, we also want to help sports groups to connect clubs and the global fan base in a better way.
The Web 2.0 world is output through social media with global fan groups, but this interaction is one-to-many, and the feedback from fans is very limited. And even if some feedback is obtained, the statistics obtained are not necessarily accurate, because the traditional Internet is easily attacked or manipulated. The blockchain avoids this through an open and transparent ledger. Based on this trustworthy architecture, we can establish an effective interactive incentive system.
Sophia (NFT Labs): We know that Chiliz has received a lot of attention from the market. What has Chiliz achieved so far?
Siyi (Chiliz): At present, we have signed more than 30 sports partners, covering football, e-sports, mixed martial arts, cricket, ice hockey, racing and other sports, and our partners cover Europe, Asia and the Americas.
The number of downloads of our application has exceeded one million, and the number of wallets on the chain has reached more than 700,000. You can also view our on-chain data online.
At present, the daily activity of our app is around 50,000, and it is often at the top of the Dapp.com app activity rankings.Now, the app will launch new voting activities with the club almost every day, and the club will also promote it on social media and fan circles at the same time.
Sophia (NFT Labs): Can you elaborate on the business model of Chiliz, Chainlink, and Enjin cooperating to issue NFTs? And what new gameplay might be launched next?
Siyi (Chiliz): The NFT form we are currently planning to launch is based on real-time events. For example, Cristiano Ronaldo completes a hat trick. We can capture offline news through the oracle machine and feed it back online to automate Issue NFTs. In addition, what we want to do is to combine NFT with more offline rights. For example, we can directly exchange on-site tickets offline, or we can exchange offline NFT for actual club peripherals or some products of club sponsors. The way to get Chiliz partner club NFTs will be related to fan tokens, for example holding JUV tokens can farm Juventus NFTs.In general, it is a function and value that can give NFT products more practicality.
Sophia (NFT Labs): What is the position of CHZ itself in the entire economic system? And what is the destruction mechanism of CHZ?
Siyi (Chiliz): CHZ is the core of the entire economic system. It is not only the native token of the platform, but also the infrastructure of fan tokens. All fan tokens are minted through the Chiliz chain, and NFT assets will also be minted on the Chiliz chain in the future. .
Last year, we announced the $CHZ economic model 2.0. The specific destruction mechanism has the following three points. One is that 20% of the net trading profit of $CHZ in Chiliz.net will be destroyed. 10% of the net income of CHZ will be destroyed, thirdly, all the $CHZ obtained will have a three-month lock-up period, and 20% of the net income of $CHZ obtained by issuing NFT and collection tokens will be destroyed. The burn occurs quarterly, and we have burned a total of 48,981,261 CHZ so far.
Sophia (NFT Labs): For fans, what are the benefits of holding club tokens? Such as club voting decision-making power, VIP rewards, etc.
Siyi (Chiliz): Yes, users who hold club tokens will be eligible to participate in the club’s voting activities. These voting events are exclusively held by the club and us, and this is the only opportunity for fans and fans to participate in the day-to-day decision-making of club affairs. By interacting with the club, users have the opportunity to win exclusive rewards and experiences, including precious autograph merchandise, VIP live experiences, face-to-face with club personnel, and more.
We have also launched a chat room function in the app. Through the app-like chat room function, fans around the world can also communicate and connect accordingly, and they can also participate in some exclusive promotions of club sponsors. By interacting more with the app and participating in club activities, fans can enjoy more VIP benefits. Fans can also participate in various games in the app, such as quiz competitions, and through such interactions, they can also get some exclusive rewards.
One of the most attractive rewards we give out is the on-site VIP experience. For example, before the epidemic, we often invited fans to the home games of our supported clubs to watch games, and also have the opportunity to meet their favorite stars and home team players. The clubs that we cooperate with basically have a fan-exclusive VIP glass private room at the team’s home court, and they also have the opportunity to meet the players directly face-to-face and visit the home court at the same time.
For example, this time, we have jointly organized an event with Barcelona to invite 22 Barcelona fan token holders to visit the Camp Nou site and compete with the players on the same field. For many Barcelona fans, this is a dream come true.
Sophia (NFT Labs): Exactly! Why are so many top clubs willing to work with Chiliz? Which projects do you think are Chiliz’s competitors? What are Chiliz’s competitive advantages?
Siyi (Chiliz): One of the key reasons why top clubs are willing to work with us is that we have a common goal. The club has actually been looking for ways to enhance the sense of engagement of fans and fans, as well as diversify revenue channels, so when we first connected with the club, they immediately understood. Now, with the increase of our partners, a stronger and stronger network effect is being formed, which has also attracted more and more teams to join.
Our greatest strength at the moment is to create a strong moat effect. We have signed long-term exclusive cooperation agreements with all our partners, launched a mature product, and gained the first loyal users. The functions of the current application have only achieved a small part of our plan. While the platform functions are gradually improving, with the control of the epidemic and the opening of the stadium, we will cooperate with KOLs in the sports field to carry out more high-intensity marketing promotion. Further consolidate the leading position in the market.
Sophia (NFT Labs): How will blockchain change the way people participate in the sports industry? And how to change the sports industry itself?
Siyi (Chiliz): Our goal is to change the form of fan engagement in the sports industry, turning passive fans into active fans.We believe that in the next 3-10 years, the way fans interact in the sports industry will change dramatically. In particular, most of the club’s fans are not in the club’s own location, so this need will be more urgent.
At this stage, the interaction between fans and clubs only stays at the one-to-many level, and the income structure of the club is relatively simple. With the advent of the blockchain era, clubs will be able to interact with fans in a more trustworthy way, enabling many-to-many communication.
Sophia (NFT Labs): Finally, can you talk about Chiliz’s follow-up development plans and future goals? Could you tell us about the latest development plans, directions, and research and development progress in the near future?
Siyi (Chiliz): In terms of fan token cooperation, in addition to continuing to promote cooperation with more top large clubs, we will also continue to deepen and strengthen existing cooperation, expand cooperation areas, and design more rights for users.
We will launch more gamification features. Gamification can greatly increase app engagement, and after we launched our new badge rewards feature, our app’s daily activity increased from 15,000 to 50,000. Our goal is to activate real-world rewards through in-app rewards and recognition. For example, through the Socios.com app, you can get actual rewards by signing in with friends at the club’s home court, etc. In addition, a fan mall will be launched in the app, and users will be able to redeem the mall’s products through in-app points, including our own peripherals, club peripherals, virtual gifts, etc.
In terms of marketing, as I said above, we will pursue a more aggressive marketing strategy. We will carry out more high-intensity marketing promotion with KOLs in the sports field, so that a wider range of fans and friends can understand and use our products.
In terms of infrastructure, we will be launching Chiliz Chain 2.0 – our own smart chain. All Fan Tokens and NFTs will be issued through Chiliz Chain 2.0, and CHZ will be the Chiliz Smart Chain native token and can be used to pay for on-chain gas fees.
Open Banking and Rewards Programs. We want users to be able to link their bank accounts to their Socios.com accounts so that Fan Token holders will be rewarded with CHZ cashback when they spend with a regular bank card at a club or sponsor.
Ethereum is the first choice for blockchain development platforms, but at the same time it has many limitations: low throughput, high gas fees, network congestion, etc. And the protocol and framework of the Ethereum-compatible blockchain network, Polygon, may bring new hope to the bottleneck encountered in the development of Ethereum.
Polygon combines Ethereum with a sovereign blockchain, improving many features such as scalability, security, ETH compatibility, and more. Polygon is built by developers, for developers.
The following is an interview between NFT Labs and Polygon’s main creative team, which will take you to learn more about Polygon.
NFT Labs: While building a decentralized platform and greatly improving transaction performance, has the security of Polygon been compromised?
Team Polygon: Not at all. No matter what kind of solutions Polygon launches or what kind of problems it solves, security is always the top priority. Polygon is positioned as a scalable solution to accelerate the adoption of the Ethereum ecosystem.
Polygon will offer various scaling solutions such as Optimistic Rollups (OR), zkRollups (ZKR) and Validium. Any application built on Polygon can choose any of these scaling solutions based on the level of security required by its application.
NFT Labs: Continuing with the previous question. If security can be guaranteed, how does Polygon avoid the “blockchain impossible triangle” (that is, security, transaction, performance and decentralization cannot coexist)?
Polygon Team: Polygon is a commit-chain for Ethereum designed to support and expand the Ethereum community. By using Ethereum’s proven, decentralized security layer, coupled with the scalable transactions and performance of Poylgon, Dapps can scale without security concerns.
NFT Labs: In terms of NFT games and game transactions, in what ways has Polygon improved the performance and experience of games?
Polygon team: In games, a game must bring users a smooth gaming experience and explore the game ecosystem they are familiar with.
But in the blockchain, the gas fee is very high, and the cost of playing games is very expensive. And new gamers have to bear this cost, making it extremely challenging for platforms to reach and retain users to try new games.
Polygon solves this problem. When making a game on Polygon, the transaction is very fast, as with traditional applications, the cost is reduced to $0.00004. This solves the speed performance and high fees that blockchain games typically face.
Polygon also provides another handy feature for Dapps, which is to pay gas fees on behalf of users by using providers like Biconomy to conduct meta-transactions. This helps game Dapps provide users with a high-quality gaming experience.
Many games also feature NFTs as in-game collectibles that allow users to unlock special features. The problem is that there are often many NFTs in games, and minting these NFTs can be an expensive task. But building the same application on Polygon reduces the cost to 1/100 of the original price. For example, one of the games on Polygon, Neon District, minted 120,000 in-game NFT assets for just $4.
NFT Labs: What are the advantages of Polygon compared to traditional platforms such as Ethereum? How is it different from the future direction of the Ethereum platform?
Polygon Team: We see Polygon as a commit chain for Ethereum, designed to support and extend the Ethereum community, not to replace it. Needless to say, Ethereum has proven itself to be one of the most secure and decentralized blockchains with a strong community of network users and miners.
Ethereum’s high gas fee has become a bottleneck for attracting a large audience into the ecosystem and for large-scale application. Gas fees are staggering these days, which is why Dapps choose layer2 solutions. It is expected that the real realization of ETH 2.0 will take at least 1.5-2 years, but at this moment, we need to solve the scalability problem.
Furthermore, ETH 2.0 does not provide the infinite scalability required for high throughput Dapps. The best case is 64 shards, each with 50 TPS, so the maximum that can be provided is 3200 TPS. From the adoption rate of the application, the demand is expected to continue to rise, and the problem of congestion still exists. With ETH 2.0, Polygon’s solution will be more robust as the lower gas fees allow the Polygon chain to commit nodes to Ethereum in shorter intervals.
While Ethereum will remain as a security layer, we believe commit chains like Polygon will be the best choice for many commercial activities.
NFTs have revolutionized the way digital content is owned or used on the Internet. In a trustless and decentralized ecosystem, NFTs can prove ownership of digital content, enabling new industries and new ways for creators to create content and interact with audiences.
We believe the following new industries are promising and growing rapidly: digital art, gaming, collectibles, music/video, creators and community.
These use cases all connect creators and consumers. Going forward, we foresee that many new use cases will emerge, disrupting the way asset ownership is proven and its relationship to real-world investing.
NFT Labs: Continuing with the previous question, which areas will Polygon be more inclined to develop into in the future?What is the ultimate ideal form of Polygon?
Polygon team: Polygon’s layer2 has been widely used by more than 130 Dapps, bringing about 1,500 million txn (transaction fees) and attracting 270,000 unique users.
Polygon strongly supports the NFT wave, and there are some top NFT projects on the platform such as Aavegotchi, Cometh, Neon District, Megacryptopolis, ZedRun, Chain Guardians, Decentral Games, Battle Racers, Doki Doki, MyCryptoHeroes, etc.
This requires a strong NFT infrastructure to support high-growth games and projects. NFT marketplaces like Opensea and Arkane bring a smooth NFT trading experience thanks to Polygon’s high-speed, low-cost txn.
Polygon Dapps are attracting mainstream attention, with Jack Dorsey and Elon Musk auctioning off their tweets as NFTs on the Polygon-backed platform Cent.
Logan Paul, a well-known boxer with around 5 million followers on Twitter, also launched an NFT, which is being sold on Polygon’s Arkane Marketplace.
Mark Cuban has also minted Twitter using Polygon-backed NFTs, Tokenized Tweets, and Logan Paul recently launched NFTs on the Arkane Marketplace, available from Polygon.
Los Angeles-based OTOY established the Render Network, laying the foundation for monetizing authorship of virtual works with NFTs in the Open Metaverse. Artists can use $RNDR to pay for animation, film and VFX rendering. To reduce carbon footprint and transaction costs, Polygon’s Layer 2 proof-of-stake network has adopted a new $RNDR payment system.
Aavegotchi, another NFT+DeFi+DAO use case on Polygon, has sold 10,000 Portals and raised over $5.5 million for its DAO, player reward pool, and Pixelcraft studio. Aavegotchi also recently collaborated with famous rapper Lil Pump on in-game items.
Polygon is working with Fortune 500 companies to launch NFTs in the insurance space to simplify business processes for large enterprises.
These are some of the ways we have supported the NFT ecosystem so far. We look forward to continuously developing and expanding our offering to support NFT projects, the developer and creator ecosystem.
“DNFT.Finance” is one of the innovative products of the DNFT.Finance team, which allows users to use non-fungible tokens (NFTs) for financial activities on a decentralized system and make huge profits online. This article is written for those interested in the future of finance. In this article, we will describe how to use DNFT for financial activities and explore the various benefits of using DNFT.Finance.
Financial activities using DNFT
DNFT builds a fully decentralized financial product based on blockchain, open financial environment and currency protocol application. For those who are willing to use NFT to make money on the DeFi system, DNFT.Finance, a DeFi platform, utilizes ERC 721 contracts to support the issued token DNFT to create a reliable NFT trading platform.
As for what problems does DNFT solve? What are the benefits of DNFT over other platforms? It will be described in detail below.
Algorithms: Most DeFi NFT platforms do not have proper algorithms to maintain a balance between demand and token pricing. DNFT has created a state-of-the-art algorithm, SIAlgorithm, that can ensure that buyers and sellers continue to benefit for decades, and the benefits are quite impressive. Here’s the math behind the SI algorithm: Total return on fees (days held/days locked)]/DNFT price = number of coins mined
Financial planning: While many NFT platforms have come out of financial trouble, liquidity providers are still losing millions of dollars due to poor financial planning. DNFT has a plan in place to manage and distribute user assets without worrying about such problems.
So far, DNFT has issued 40 NFTs as part of smart contracts. 90% of sales profits are allocated to Uniswap, and another 10% is used for marketing and other technical investments to attract more users to the platform.
The total number of NFT tokens is 10 billion, 10% of DNFT tokens will be reserved for early investors and liquidity providers, 10% will be unlocked three years after DNFT installation, and the remaining 80% will be used for mining and staking.
Star Atlas is a virtual game Metaverse based on the year 2620. In the set far future, there are three main factions: (1) the MUD region, which is ruled by humans, (2) the ONI region, which is composed of alien races, and (3) the Ustur region, which is controlled by sentient robots. These three factions continue to struggle for resources, territory and political domination. All players, citizens of a faction of Star Atlas, will have the ability to influence the outcome of this interstellar conflict, while being rewarded for their contributions, an adventure is coming.
We also invited Michael Wagner, a rising star on the Metaverse track, the founder of Star Atlas, to talk with you about the Metaverse.
Q1 Team Background
Sophia (@NFT Labs): Can you tell us about the team behind the game?
Michael Wagner (@Star Atlas): Okay. Although we are a traditionally centralized organization in our game development work, we are proud to say that our operations are highly decentralized. We have more than 50 members in more than 14 countries around the world, bringing enormous cultural diversity to the results of our work.
The team is still widely expanding, and more members will be recruited after the game launches. At this stage, our work will essentially transition to UE5 development, working on a fully immersive 3D version of Star Atlas. Team members have decades of experience in game development and have worked on numerous high-profile titles throughout their careers, such as:
Games: Including Star Citizen, Destiny 2, Intrepid, Horizon: Zero Dawn, Call of Duty: Black Ops 3/4, Halo Remastered, Dead Island 2, “Special Ops – A Lifeline”, “Beyond Earth”, “The Sims”, “Ultima Online”, “Warhammer Online”, “Lord of the Rings” and more.
Movies: Includes Love, Death and Robots: Helpers, Watchmen, Terminator: Dark Fate, Captain Marvel, X-Men: Dark Phoenix, Superman Returns, Spider-Man: Heroes Expedition, etc.
Q2 founding story
Sophia: I’ve seen and played many of these games and movies! What was the reason for launching Star Atlas? What’s the story behind it?
Michael Wagner: Answering this question starts with the origin of the game’s name. The name Star Atlas was first inspired by the ancient Greek god Atlas, who supported the sky with his shoulders. The name is also a small nod to Ayn Rand’s Atlas Shrugged. The word Atlas also means a combination or collection of maps. One of the main goals in the Star Atlas game is to explore, navigate, and discover the stars, and record relevant data for other explorers.
Therefore, the full meaning of the name represents both the emergence of a new Metaverse and the spirit of exploring the stars.
Q3 Project progress
Sophia: It’s interesting. What has Star Atlas achieved so far?
Michael Wagner: One of our milestones was the launch of our first NFT series called ReBirth, a “meta poster” for this series that includes 14 special collectibles.
Q4 Why choose Solana
Sophia: Why did the team specifically choose to build on Solana?
Michael Wagner: Honestly, Solana was a natural choice, and for us, it boiled down to a few key areas. Let me make one point first: Before choosing Solana, we analyzed many layer 1 protocols for three generations of block money.
One is technology, Solana has extremely high transaction throughput (50,000 tps), highly scalable, low latency (sub-second deterministic), and low transaction costs ($0.0001/tx). All of these factors are critical for developing an equivalent specification game built entirely on the blockchain.
The second is the company team, which has a deep background and has worked with some major technology companies: Qualcomm, Dropbox, etc. It has been a pleasure working with them and you.
The third is the relationship network. Our cooperation with FTX, Alameda Research, Serum and other teams has brought benefits.
Fourth, the ecosystem, Solana’s ecosystem is full of innovation. By participating in this ecosystem, we will gain a lot of potential partners, such as Stardust, Audius, Raydium and other teams.
When we first started negotiations with Solana last year, there were about 30 projects built on Solana. Today, that number is well over a hundred, and we want to be the first to build games on Solana.
Q5 project advantages
Sophia: What makes Star Atlas different from other games and NFT projects?
Michael Wagner: One is the quality of the game. We are building this brand to the highest quality standards in development, design, storyline and product, a true AAA brand. Also reintroduces the concept of hardcore gaming, including perma-death and asset destruction, with our high-risk, high-reward deep space gameplay.
The second is the team. As mentioned before, we have an experienced team with extensive experience developing AAA quality games and cinematic quality graphics.
Q6 Project income
Sophia: How will the project itself generate revenue for the team?
Michael Wagner: We generate revenue through asset sales. But we will balance sales demand against projected inflation effects. It is important to support the digital economy through strategic releases. Therefore, as our user base grows, we will release new assets. But new assets are also controlled to ensure that existing assets do not depreciate.
Q7 Future plans
Sophia: What are the future plans for Star Altas?
Michael Wagner: On July 23, 2021, we’ll be launching a new website. On July 24, 2021, there will be Galaxy assets released and browser mini-games released.
Q8 Community Program
Sophia: Community support is one of the important reasons for a project’s success. Most projects have curated interactions with users. Does the project have any special planning to engage and expand the community and improve the user experience?
Michael Wagner: A new way to get involved in our community is by participating in the Solana Hackathon’s Star Atlas NFT workshop. Over 7,000 people signed up for the event – we’ve got the brightest minds in the thriving Solana ecosystem to take part in our Next Generation Challenge. We spoke with the contestants at the Twitch Live Conference on Friday, May 7th, where we launched the contest. Developers will build their games in Star Atlas Arcade.
In addition to the $25,000 prize, the winner of the most innovative project will receive exclusive access to the Star Atlas back office, engineering platform, and our support and collaboration as they deliver their work in the upcoming Star Atlas Arcade. With the help of the community, Star Atlas announced its first-ever community-driven poll for an in-game NFT asset: Star Cat members. Within 36 hours, Atlanteans can vote for their favorite furry spaceship companion. These cute, super-intelligent critters can either increase the rest time of in-game crew members, or provide the perk of ship repairs: repairing nearby energy nodes, damaged hulls or parts at a very slow pace. The top three Tigu cats with the most votes (options M, I and N) are then handed over to our design team for a makeover that will eventually create a super star cat.
Q9 NFT future development
Sophia: What do you think NFT development will be like?
Michael Wagner: We believe that with the rapid progress of decentralized technology in the past decade, blockchain-based games, by incorporating non-fungible tokens (NFTs) to achieve real asset ownership and capture value for players, represent the natural nature of the industry Direction of development. The cross-development of decentralized economy, experimental governance models and games is very conducive to the introduction of new collaborative business models, so that value creators can get more income distribution.
I would also like to emphasize that this new model will have a disruptive impact on the game industry, and even on all of humanity. Because it can provide individuals with the opportunity to engage in activities they enjoy, earn money by investing time in the game, and escape the constraints of their environment. In the long run, this model can also balance social distribution.
Pixel portrait game CryptoPunks is one of the most popular NFT projects on the web, and its creative team, Larva Labs, has netted over $550 million. Larva Labs recently launched a new project – Meebits. Meebits features 20,000 procedurally generated 3D characters that can be traded on Ethereum.
In the past few months, hundreds of 3D character NFT platforms have emerged, attracting the attention of a very large number of crypto buyers. The arrival of Meebits coincides with the peak of NFT hype, and the data related to NFTs is hitting a record high almost every day.
There are a total of 20,000 Meebits in circulation, and each Meebit has its own style and characteristics. Many Meebits are distributed to reward early Larva Labs supporters as well as the blockchain community. Of the 20,000 Meebits, 10,512 will be reserved for former Larva Labs asset holders, of which 10,000 CryptoPunks and 512 glyphs are Meebit redemption “tickets” that allow free redemption of Meebit (except for the Gas fee for Ethereum minting ).
The remaining 9,488 Meebits were used to distribute to other users, which were quickly sold out by the Dutch auction mechanism. Meebit minting is completely random, and no one knows exactly which one will receive, but many still spend 2.5 ETH, or nearly $8,500, to generate rare characters.
From 2D to 3D
CryptoPunks as we know them are pixelated 2D icons, and Meebits are 3D characters rendered with voxels (volume pixels – “voxels”). Meebit is algorithmically generated and is an NFT on Ethereum.
Meebits are 20,000 unique 3D voxel characters, created by a custom generation algorithm, registered on Ethereum.
The NFT protocol that Meebits manages ownership of is ERC-721 and works with any compatible service or exchange.
Comprehensive no-fee market
Meebits has a custom marketplace that supports up to 100 Meebit trades per trade, as well as standard buy, bid and ask trades. Meebits as a downloadable software will cover a variety of areas, including viewing crypto collectibles, NFTs and other tokens, as well as trading, storing, sending, receiving and delivering crypto collectibles and NFTs. Meebits looks like a whole new marketplace that can also be easily accessed from a mobile phone.
Meebits might be reminiscent of 3D characters in Minecraft or Roblox, which is intentional. The development team wrote: “We love low poly and voxel 3D graphics. This style has been popular with games like Minecraft and Roblox for the past decade or so. We think, like 8-bit pixel art , the minimalism and acceptability of voxel art will always be there and welcome.”
In some ways, Meebits are very similar to CryptoPunks. Each Meebit character has different attributes that indicate a certain degree of scarcity. For example, skeletons, visitors, and robots are far more scarce than humans.
Writing voxel character generators is more challenging than writing two-dimensional ones. The team has been improving voxels for several years, and the final result is something to be proud of.
Lots of little details worth noting: some Meebits have tattoos, and there are some cool and rare Meebits waiting to be discovered in the community.
Meebits are not fully developed yet, but asset packs will be provided for each Meebit in the future, allowing owners to take a “T pose” version of the character and use it with any game engine, 3D studio or virtual world.
Like Cryptopunks, smart contracts store file hashes. After 20,000 Meebits are minted, they are simultaneously published on IPFS, containing all the attributes and voxel data of each Meebit, so they can live forever.
What is a “voxel”?
In computer graphics, the term “volume element”, referred to as “voxel”, or “Volume Pixel” in English, or “voxel”, is used to represent values on a rectangular grid in three-dimensional space. As its name suggests, a voxel is the smallest unit of digital data in 3D space segmentation. Voxels are used in 3D imaging, scientific data, and medical imaging. The smallest unit of two-dimensional space, the pixel, is the three-dimensional analog of a pixel on a two-dimensional image, and a voxel is conceptually similar to a pixel.
In virtual environments and games, the introduction of voxel graphics is compelling because it enables the construction of complete, interactive worlds. Pixel-based worlds often have many environmental elements that the user cannot influence, and exist in the form of a two-dimensional plane, similar to a sheet of paper, without depth and flexibility. Voxels can combine surrealism and interactivity to bring superior performance improvements and a better gaming experience for users.
Larva Labs created Meebits as 3D voxel characters, at least making them compatible with voxel-based graphics environments. Larva Labs will also provide Meebit owners with asset packs that include high-resolution, non-destructively rendered T-pose OBJ files. A T-pose OBJ file is a standard file type suitable for import into most standard 3D modeling and animation software.
The fundamental factors that determine the value of Meebit
One is characteristics. Different characteristics can make some Meebits more scarce than others. These characteristics include:
· Hats, glasses, jewelry, coats or tattoos, etc.
Another important factor in determining the value of Meebits is the order in which they are minted, with earlier Meebits usually being more valuable than later ones (although the characteristics of each character play an important role).
Currently, the first ever minted Meebit is sold on Opensea. Most Meebits belong to humans, the most common variant, but there are many rarer variants such as pigs, visitors, elephants, anatomical objects (similar to zombies), etc.
Gameplay Factors That Determine Meebit’s Value
Meebit is designed as a 3D character that can be used in various applications, servers, games and platforms with unique verifiable ownership and easy identification. In theory, users will be able to use Meebit in any interoperable blockchain application that is compatible with NFTs based on the ERC721 protocol. Therefore, the opportunities for using Meebit are almost endless.
While the number of Meebit releases is currently fixed, Larva Labs plans to launch asset packs that will enable users to pose Meebit’s unique poses in game engines, 3D studios or virtual worlds – the implementation of these features will bring more Meebit vitality.
Innovative marketplace with no gas fees
When Cryptopunks launched, the ERC-721 protocol and NFT marketplace had not yet been launched, so Cryptopunks had their own marketplace embedded in smart contracts. After the emergence of NFT standards and markets, it was originally thought that this might cause Cryptopunks to fall behind. But on the contrary, Wrapped Cryptopunks are able to connect with standard marketplaces, while maintaining a bespoke dedicated marketplace that provides collectors with a great user experience.
So Meebits wanted to replicate the same experience and make an upgrade. Meebit is the standard 721 token, but also has its own market. This market allows not only buying and selling with ether, but also complex transactions.
Trading Meebits for Meebits will be a very fun experience, reminiscent of childhood collecting games, no money involved.
Additionally, proposed transactions only require wallets to sign messages, no Ethereum transactions are required, and therefore no gas fees (only the “taker” of the transaction pays gas fees). This should improve liquidity as transactions can be easily conducted off-chain.
Like the Cryptopunks market, the Meebits market is decentralized and does not charge any fees. More marketplace features are coming soon.
Decentralized, simplified, customized
One of the most important features introduced by NFTs is that most NFT assets are easy to trade. Meebits brings customized transactions between NFTs, allowing for more complex transactions than before. In the Meebits market, users can not only exchange assets freely, but also conduct transactions of homogenized tokens.
For example, if a user has two Meebits with a total value of $10,000 and wants to trade with the owner of a Meebit worth $15,000, they now have the opportunity to use their 2 Meebits plus 1.5 ETH (worth about 5,000 USD) with the latter in exchange for a direct equivalent transaction. Previously, users had to go through multiple steps and a longer process to complete similar transactions, Meebits innovation is to allow the easiest complex transactions between NFTs.
“NFT + Minecraft” builds diverse gameplay
Minecraft, Minecraft, is a high degree of freedom sandbox game developed by Mojang AB and 4J Studios, released in May 2009. The game allows players to freely create and destroy different kinds of blocks in three-dimensional space. Players can destroy or create blocks in single or multiplayer mode to create beautiful buildings and art, or collect items to explore the map to complete the game main line.
Minecraft has a long history of modding since 2010. “mod” is short for “modifications”, also known as mods, which refers to any modification based on the original game content of Minecraft. Many mods add more extra content to the game to change the way and malleability of the game, or give the player more excitement, or give the player more ways to interact with Minecraft.
Meebit may replicate Minecraft’s technological capabilities in the future. Minecraft’s strong fan base combined with the ingenious technology of the Meebit characters seems to allow the NFT series to explode and win mass following.
Traffic factors that determine the value of Meebit
Community is King
To thank users for their support of the Cryptopunks and Autoglyphs communities, and to engage fans of previous NFT collectibles, Meebits allows owners to mint Meebits in new projects for free. Each Cryptotopunk and Autoglyph can mint 1 free Meebit. Users only pay the Ethereum transaction fees (Gas fees) associated with minting transactions. Users will be able to mint a week from the public sale.
But minting Meebit must be traded by an account with Cryptopunk or Autoglyph. The minting contract will verify user ownership against the account requesting minting.
It should be noted that each punk or glyph can be considered as a free Meebit ticket, but once the ticket is used, it cannot be used twice. The number of punks or glyphs held by the user does not change, the sales contract only explicitly allows the number of Meebits to be minted based on the number of punks or glyphs owned.
Catch the future trends – Metaverse
In addition to basic character designs, Larva Labs also noticed that CryptoPunks are widely used as ideal 2D avatars for Discord, Twitter, and other social media. As such, Larva Labs wants Meebits to be the leading “3D avatar for virtual worlds, games, and virtual reality.” To achieve this, the team will soon release asset packs to support character animation in virtual worlds. In other words, Meebits are designed to be the preferred identity in the Metaverse.
Will Meebits be the future in fully immersive, voxel-based virtual reality? We can’t draw a conclusion yet. But the project does deserve attention, as Meebits possess the qualities that NFT investors seek—random computer-generated features, subtle details, and uniqueness and scarcity. In addition, its voxel technology approach and innovative 3D assets result in an unprecedented gaming experience.
Earnings Driven Growth
Part of the appeal of CryptoPunks stems from their scarcity: the total supply of CryptoPunks is only 10,000. But even if the price of CryptoPunks keeps climbing, doubling the total supply of Meebits (20,000 Meebits), the price of Meebits will remain high.
The company is distributing Meebit characters through an auction, which means that Meebit can be bought and minted for as little as zero ETH (plus Ethereum gas fees) during that week. Currently, users need to pay 2.49 Eth to randomly mint a Meebit. But despite this, about 2000 Meebits have been sold. All Meebit public offerings were sold out within six hours of going live, despite the Dutch auction format causing prices to drop for a specific period of time. That means Larva Labs has raked in nearly $80 million more than two hours after going public.
At the same time, secondary sellers will also quickly gain huge profits. For example, the next day, OpenSea reported that Meebits #8598, which initially sold for less than 3 ETH of the current top three Meebits, shattered its record for the highest single item sale, reaching 420 ETH, which at the time of writing is comparable over $1.43 million. Meebit #2948 reached 400 ETH and Meebit #776 reached 390 ETH.
In less than a week, Meebits is the eighth most successful NFT project of all time based on secondary sales, according to DappRadar.
Of course, in some ways, Meebits’ massive success isn’t surprising. The NFT collectible game CryptoPunks has seen steady growth in value since its launch in June 2017. In the first quarter of 2021, CryptoPunks is also booming, and the market transaction volume is second only to NBA Top Shot.
Unlock the influencer effect
The participation of many NFT influencers has further increased the visibility and engagement of Meebits and its community. For example, NFT reporter William M. Peaster wrote a detailed article for Meebits. Megacollector Pranksy has announced that it will spend $1 million on Meebits on sale day. As the secondary market continues to grow, more and more collectors are also sharing their buying lists on social media.
A game producer who goes by the online name Sillytuna shared his thoughts on the future value of Meebits in an interview. Sillytuna is currently funding and developing Claymatics’ Clodhoppers and has been in the gaming industry for 15 years. Sillytuna already owns 15 Meebits, the most expensive of which was purchased for 100 ETH.
Sillytuna expects the most scarce Meebit to add value, but long-term gains will depend on how well the digital characters fit in the virtual reality space. “The vast majority of collectibles are rubbish,” he said, but “good design combined with good publishing and good community will lead to success,” and collecting Meebits “is, in a sense, a no-brainer.”
Sillytuna also believes that game studios and Metaverse developers need to evaluate technical issues before characters are integrated into third-party platforms. Sillytuna’s initial purchase shows that he does see short-term value in Meebit. But its long-term value still depends on whether the technical issues are adequately assessed and considered.
Team Factors That Determine Meebit’s Value
Founding team background
The Larva Labs team is a small team of Matt Hall and John Watkinson founded in 2017 and headquartered in New York.The pair initially thought they were capable of researching mobile apps and games, but ultimately succeeded in bringing a paradigm-changing paradigm to the digital art market, challenging the very concept of “ownership”.
Matt and John are creative technologists who have been involved in the development of virtually every kind of software, including large-scale network infrastructure, genome analysis software (John has a Ph.D.), 8-bit role-playing games, a New York Times-covered “maybe Changing the way we think about digital art” blockchain art project. The duo also created the largest open-source repository of legal documents, a driving game that never ends (also available in VR), an Android app called AppChat, and more.
In their diverse work experiences, the two have had the opportunity to interact extensively with many prestigious institutions, including the MIT Media Lab, Harvard Business School, Stanford Law School, Miami Art Institute, and the Harvard Berkman Center for Internet and Society. , New York Tech Gathering, and London Christie’s auction house, among others. Larva Labs also has long-standing customer relationships with world giants such as Google and Microsoft.
Team other NFT projects
As of the release of Meebits, Larva Labs has mainly released three NFT projects, namely CryptoPunks, Autoglyphs and Meebits, the protagonist of this article.
Cryptopunks were the first “non-fungible tokens” based on Ethereum and were the inspiration for the ERC-721 protocol that fueled most of the digital art and collectibles industries. In May 2017, the Larva Labs team gave away 10,000 PUNK tokens for free to members of the crypto community. Each PUNK is a unique pixel art image, which is an algorithmically generated 24×24 pixel size digital artwork. After the token was released, it was sold out.
Most punks are human characters, with 6039 male NFTs and 3840 female NFTs. Some special classes such as zombies (88), apes (24) and aliens (9) also exist. Each punk has its own page with details about its function, owner, availability status, and transaction history.
Each Punk is unique, not the same between two, and the holder holds it permanently on the Ethereum blockchain. They all have different characteristics, such as skin color, hairstyle, accessories, etc. that make them completely distinguishable from each other, and some of them have extremely rare attributes. Characters #7804 and #3100 are the most expensive punks to date.
Punks can also be categorized based on attributes. Attributes play a crucial role in scarcity. The permutation and combination of these different property types helps create unique digital projects.
The following screenshots list some example properties.
Punks can have zero or more properties. Below is a list of punks with 0 or more (max 7) attributes.
Punk was later airdropped to claimants, who could resell among community members, marking the birth of the earliest NFT market. The NFT market did not originate in the primary market, but in the secondary market.
At that time, OpenSea, the largest NFT trading platform, had not yet been born, so the only way to trade Punk was through the official Larva Labs marketplace.
Autoglyphs is the first “on-chain” generative art project on the Ethereum blockchain, allowing users to create and own artwork on their own.
Glyph is generative art, each glyph is unique and created by code on the Ethereum blockchain. Glyphs can be created by any user willing to donate 20 million cents ($703) of their creation fee to 350.org, a charity of Larva Labs’ choice. The creator of Glyph will also be its first owner. But after 512 glyphs are created, the generator closes forever. Also, glyph is only available on the secondary market.
Autoglyphs deploys projects to Ethereum, so the platform no longer controls the code that generates the art, nor the code that manages glyph ownership. This is a crucial difference from the art that traditional artists and galleries publish and sell: Autoglyphs bring long-term ownership of digital items, independent of any central authority.
Copy past? Or lead the future?
The Larva Labs team wants to replicate past success in the NFT market with Meebits. The team hopes that Meebits will eventually embody “virtual worlds, games, and virtual reality.” Meebits has a fine art style, is oriented to the free market, and has the ability to customize transactions, allowing users to exchange Meebits with each other in a more complex way, lowering the barriers to entry for the outside world. Will the future belong to 3D virtual reality? Where is the next flashpoint of opportunity?
LoserChick is the world’s first “Doll Catch” chain game, created by Emoji DAO. LoserChick integrates the financial gameplay of NFT and GameFi on the basis of the “catch the baby” game, such as liquidity mining, NFT casting, NFT pledge mining, asset trading, etc.
In LoserChick, players can continue to enjoy various financial services while playing games, and earn while playing. In addition, LoserChick also has unique advantages in economic model design. LoserChick innovatively adopts the “dual currency + NFT” design to achieve sustainable growth of the game’s economic value with an extremely deflationary destruction mechanism.
LoserChick is an open game platform belonging to the community. Players can participate in the governance and construction of the game, realize the access of different protocols, and jointly build the Metaverse world on the chain.
Emoji DAO is a decentralized autonomous organization with members from all over the world. These crypto world enthusiasts scattered in different places are all early supporters of the crypto world and have performed well in their respective fields. This time, they gathered together because of LoserChick and used their respective capabilities in game design, economic model design, contract writing, market operation, etc., and jointly created this brand-new GameFi+NFT platform, which is a platform completely belonging to the community. .
LoserChick introduces a doll-catching mode with low threshold, easy to use and strong playability. On this basis, it integrates liquidity mining and NFT, and launches LoserChick to better utilize the liquidity advantages of encrypted assets in the game.
The LoserChick game team comes from Ubisoft, GameSoft, Playtika and other companies. It has led the development of a number of popular online games across the Internet. With rich game development experience and smooth game experience, the LoserChick game team has accumulated a large number of loyal users.
The “Doll Catch” game developed by the LoserChick game team has a DAU of 10W and a MAU of 50W, with millions of registrations and a monthly revenue of 20 million, ranking among the top players in the same game.
Introduction: CertiK is the most innovative blockchain cybersecurity company founded by computer science professors from Yale University and Columbia University. Through the application of unique formal verification technology to smart contracts and blockchain protocols, CertiK has successfully secured over $4.3 billion in assets, including many of the world’s top blockchain projects.
Phantasma is a decentralized content distribution system that emphasizes privacy and security, and its smart NFTs promise to revolutionize the way we interact with art, music, and games.
Q1: NFT Labs: Can you tell us about your achievements so far?
Phantasma: The Phantasma blockchain has been in development for over three years with a focus on development and less focus on market share. After our mainnet launch in October 2019, more than a dozen dapps have been launched on-chain.
Q2: NFT Labs: You all introduced a dual-token system, why, and what are the advantages of this system? Can you introduce it to everyone?
Phantasma: Most chains use a single-token model, where only one token can be used to pay for transactions, which hinders mainstream adoption. Phantasma has introduced dual tokens – one is SOUL which generates KCAL and the other is KCAL which pays for transactions. This way, users only need to buy SOUL once to hold it forever, generating all the KCAL needed for on-chain usage, turning the system from “per-payment” to “one-time payment”.
Q3: NFT Labs: What do you think the final form of NFT will be? How far should NFTs develop to be accepted by most ordinary people? How will you contribute and work towards this?
Phantasma: We don’t know what NFTs will look like in 5 to 10 years, the market will give us the answer. However, this technology can solve many problems on a global scale. NFT is bound to subvert the art, music, and film industries, and is expected to subvert real estate and some basic services.
Q4: NFT Labs: What is the final form you expect? Which areas will it tend to develop in the future?
Phantasma: Phantasma is a highly community-driven blockchain that is gradually recognizing that it should provide scalable, customized blockchains for businesses. As the world’s assets go digital, Phantasma is well-positioned to advance token gamification and smart NFT technology. This makes Phantasma poised to provide a unique NFT social experience in the gaming and media space.
NFT Labs talks to Phantasma
Q1: NFT Labs: Phantasma is a good name, what does it mean? What is the ultimate ideal form and goal of Phantasma?
Phantasma: Our name means an interweaving of reality and fantasy. Our development goal is to connect financial models with the digital world. We connect, you create and control.
Q2: NFT Labs: Has the Phantasma NFT exchange bridge been activated? What kind of inspiration and innovation will this bring to the entire NFT field?
Phantasma: Phantasma is a multi-chain mainnet. We are the only multi-chain marketplace that works with Ghost Market.This means that our mainnet can handle both ETH and NEO tokens, while also exchanging our tokens to the ETH or NEO mainnet.
Q3: NFT Labs: There is a saying that “if the brain is transmitted in digital form, can it represent immortality”? Will the seamless transfer of NFTs be the first step in the reality of NFTs mapping?
Phantasma: NFTs represent an experience, and the blockchain carries that experience indefinitely. NFTs can forever represent an experience that can be the basis for mapping reality and digitization.
The same game-related Pepemon brings players a very interesting digital card collection game, attaching great importance to artistic quality. Since its launch, Pepemon has launched a lot of NFTs, bringing players an interesting gaming experience.In addition, Pepemon’s scarce cards are highly likely to increase in value, earning more money for players.
Q1: NFT Labs: Can you tell us about your achievements so far? Pepemon: We started from 0, with more than 1500 NFT holders and more than 3000 token holders in the first half year, more and more people are joining us every day, and the value of our tokens and NFTs is also increasing Higher, which is more than we expected to begin with. Especially considering the situation of zero marketing budget promotion, it only relies on user word of mouth. Pepemon’s current revenue, user activity, and growth have exceeded our team’s expectations. With the launch of the game, next, we will focus on project promotion, and participate in sample meetings and online game conferences with partners.
Q2: NFT Labs: You all introduced a dual-token system, why, and what are the advantages of this system? Can you introduce it to everyone?
Pepemon: Pepemon has two tokens, PPBLZ and PPDEX, which have their own functions and can be sold or bought. PPBLZ can also generate PPDEX through mortgage, and PPDEX can be used to purchase game items. Dual tokens were introduced because we wanted to bring balance so that token holders would not reduce their holdings due to farming/staking/deposits. The fixed supply of 14,000 PPBLZ is very stable. Tokens will not be generated again, so holders can hold tokens with confidence.
Although PPDEX is only generated by staking PPBLZ, it is very useful in the NFT ecosystem and upcoming games. Through staking, one PPBLZ can generate 19 PPDEX. Buying NFT will destroy 90% of the PPDEX used to purchase NFT (50% of the PPDEX supply has been destroyed), and PPDEX will also be used for reinforcement packs, in-game mechanics, rewards, etc. in the future.
Q3: NFT Labs: What do you think the final form of NFT will be? How far should NFTs develop to be accepted by most ordinary people? How will you contribute and work towards this?
Pepemon: We have chosen the path of gaming, innovating in this area, but also looking at other NFTs. Just a few weeks ago, we saw Uniswap use NFTs as a way to show liquidity on trading pairs. Whether it is technology, art, games or mainstream fields, NFTs have great potential. We expect NFTs to be a part of our lives in a few years time, we are used to it – like NFT music, proof of property, etc. NFTs can be any valuable commodity that you own that can be verified on the blockchain.
Q4: NFT Labs: What is the final form you expect? Which areas will it tend to develop in the future?
Pepemon: We hope that everyone can play against other players on the Pepemon website while commuting or sleeping.Essentially, we’re easy to understand and hard to master, games like Magic and Hearthstone, we know it’s definitely a new game, and we try to make it accessible to both new and veteran players.
NFT Labs talks to Pepemon
Q1: NFT Labs: Blockchain-based digital collectible card game, can you explain why you chose this track?
Pepemon: Pepemon has been in the crypto space since 2015, creating the project with a group of passionate gamers. We want to combine games with DeFi+NFT technology to prove that blockchain can become a high-quality decentralized gaming platform.
Q2: NFT Labs: We see the advantages of using blockchain and NFT technology to make “digital collectible card games”, but compared with Internet technology, what are the disadvantages of blockchain game technology? How to solve it?
Pepemon: There is a lack of people with the knowledge to work on blockchain games! Also, the field is still young, and the technology used to build these games is very small. We expect this to change in the future, and currently, there is a lot to build on our own.
There is also a disadvantage that blockchain transactions are very expensive – for example, when playing a game you need to interact with the blockchain, making 2-3 transactions – such as making 2-3 requests to the server – in the blockchain , these operations are very expensive. We started to abandon the slow, high price of Ethereum and instead explore alternative blockchains like Matic and Tron to drive the game.
Q3: NFT Labs: There are technical limitations on the Internet and blockchain. So, what are the biggest limitations of the internet and blockchain at the moment? how to improve?
Pepemon: Centralized platforms like Steam allow only themselves to profit from the ecosystem. And blockchain makes it possible for everyone involved in the token/ecosystem to be part of the platform. Players who own PPBLZ and PPDEX can get a piece of the pie on the Pepemon platform, but those who spend on Steam don’t get any revenue from the platform.This is the advantage of blockchain: the more users on the platform, the more users who support it, the more profitable it is.
Q4: NFT Labs: Continuing the previous question, how will the game scale if these limitations and obstacles are resolved?
Pepemon: If there is a decentralized platform that is as fast, cheap and easy to use as a blockchain, gamers can profit directly from the play2earn mechanism.
Q5: NFT Labs: Take a bold guess. If these limitations are solved, what changes will it bring to NFT, blockchain, and even our lives?
Pepemon: The play2earn mechanism in games is already changing people’s lives, allowing people to earn income by playing games, and the better the game, the higher the income. We can’t wait to see the first Pepe millionaire and the first thousand-dollar item. These items can actually be exchanged for things in real life.
Q6: NFT Labs: There will definitely be users who are more interested in collecting scarce cards than playing games. But from the perspective of the game, with the update and development of the game, the old-generation game cards often have weakened depreciation. What is the protection mechanism for this?
Pepemon: As players play more and more games with cards, they are able to level up the cards, we encourage players to create multiple battle cards and level up the cards equally so they can always prepare for battle Play against other players to win cards or decks in their hands that have their own weaknesses. This mechanic is a lot of fun and will allow win-lovers to diversify their cards and boost their registration so they can always be ready to fight back.
Q7: NFT Labs: Besides Pepemon, which NFT application do you think is the best?
Pepemon: Obviously, we really like other NFT games. We’ve worked closely with Chainguardians and DEGO, they have great games, and if you’re a gamer and want to see the space, they’re worth a look.
NFT is a world-leading NFT asset trading platform. It was established in September 2020, and the V1 version was launched in November 2020. It supports non-fungible token transactions of Ethereum and BSC asset protocols. We are committed to creating a safe, efficient, fair and low-cost NFT asset issuance and trading platform; providing users with convenient NFT casting, trading, mining and other DeFi functions; providing issuers and NFT authors with an editorial casting, issuing , a platform for raising and trading.
In the future, we will also support NFT assets of mainstream public chains such as Heco, EOS, Polkadot, TRON, HPB, etc.,and provide more tools to assist ecological development and form NFT asset aggregation.
And the platform will strengthen the business cooperation of NFT projects, and introduce some NFT asset transactions with high market popularity to the iNFT platform through transaction mining, fee reduction and other methods, such as NBATopshot, ZED.run, Axie, cryptopunk, decenntraland, somnium Space and other projects with their own user traffic.
“From 0 to 1 (One): The Universal NFT Knowledge Graph Makes You Proficient in NFT”
“From 0 to 1 (two): NFT application scenarios”
“From 0 to 1 (Three): The Past and Present of the Metaverse”
“From 0 to 1 (four): NFT encryption art strategy”
“From 0 to 1 (Six): NFT Essentials”
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/from-0-to-1-five-nft-project-inventory/
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