Learn about 10 hot NFT projects in one article

NFT stands for non-homogeneous token, which is an asset type based on blockchain technology. It represents the ownership of a unique specific asset, such as digital artwork, virtual game items, rare collectibles, or other digital or physical assets.

Entering 2021, the NFT market started strongly, and the market transaction volume reached a peak from February to April. The transaction volume of the week starting on February 21st exceeded US$197 million.

The market entered a brief downturn from late May to mid-June, and the transaction amount fell sharply. At that time, many people believed that the NFT market collapsed after a brief bubble, and voices of doubt about the development of the NFT market began to appear.

However, it is not. With the rise of the meta-universe concept, and driven by AxieInfinity, the NFT market has been singing all the way. At the same time, the veteran player CryptoPunks has also played a pivotal role in the rise of the NFT market.

According to DappRadar data, NFT sales in the first half of 2021 reached US$2.5 billion. Since March, weekly NFT sales have maintained between 10,000 and 20,000 pieces.

Entering July, the NFT market continued to rise. In mid-July, the weekly transaction amount of NFT exceeded the peak in February, reaching 209 million US dollars. The market did not stop there. In the week starting on July 25, the weekly NFT transaction value soared to more than $339 million, a surge of more than 70% from mid-July. In the first week of August, the transaction volume was approximately US$443 million, and the NFT market transactions continued to swell.

Interstellar integrates data from platforms such as OpenSea, CryptoPunks, DappRadar, etc., and summarizes the more popular NFT projects in the near future. This article will give you a brief introduction. The content covers integrated trading platforms, encrypted art platforms, trendy collections, games, and virtual worlds. , NFT+DeFi, music social platform and other fields.

Flow

Built by Dapper Labs, Flow is a fast, decentralized and developer-friendly layer-one blockchain designed to power next-generation applications, games, and digital assets.

Learn about 10 hot NFT projects in one article

FLOW is a cryptocurrency that powers all activities on the Flow network. It is designed as a payment method and a long-term reserve asset for the entire Flow economy for validators, developers, and users to participate in the Flow network and receive rewards.

The biggest difference of Flow is that it already has fully functioning applications, including top entertainment brands, development studios, and venture capital startups. Flow ecosystem partners include global IP brands such as Warner Music, Ubisoft, NBA and UFC; leading game developers such as Animoca Brands, Sumo Digital and nWay; leaders in cryptocurrency; and outstanding in the next generation of high-growth startups project.

OpenSea

OpenSea was established in January 2018 and is the first and largest NFT trading market. Users can find a variety of unique digital projects on OpenSea. In addition to digital art, there are also collections, game items, domain names, and even digital representations of physical assets. In essence, OpenSea is like NFT’s eBay, dividing millions of assets into hundreds of categories.

Learn about 10 hot NFT projects in one article

Trading on OpenSea is a minimally trusted operation. This is because OpenSea uses the so-called “Wyvern Protocol”. The agreement is a set of smart contracts that have been audited and tested in actual use. The Wyvern protocol enables users to exchange status changes (such as NFT ownership status) for cryptocurrency ownership status. Therefore, when the seller sells the NFT, it is immediately transferred to the buyer.

OpenSea claims that they have the lowest fees in the NFT field, they charge 2.5% of the sales price, buyers do not charge service fees, and support more than 200 payment methods to choose from.

Nifty Gateway

Nifty Gateway is a regulated NFT currency market. It was acquired by the Gemini cryptocurrency exchange’s “Bitcoin billionaire” twins Tyler and Cameron Winklevoss in 2019. This was also the exchange’s first acquisition.

Learn about 10 hot NFT projects in one article

The Nifty Gateway platform can be used to purchase and manage NFTs, and allows users to use credit or debit cards to make purchases. Currently supported cryptocurrency games and application packages CryptoKitties, OpenSea, Gods Unchained and other projects.

Recently, Nifty Gateway also updated the secret function –Prepaid ETH, hope Ethernet Square user with a credit card user in an interactive environment with speed, just one second you can see whether a work of art. This feature connects the new Ethereum custodial wallet Gemini to the Nifty Gateway account. The prepaid function will be simple to operate, making platform transactions as easy and fast as using a credit card to checkout.

LOOT

Loot is a series of NFTs created on Ethereum on August 27 using the ERC protocol, allowing anyone to cast an NFT project representing a group of 8 adventurer-themed equipment items. These items have the scarcity characteristic of random distribution. Each token contains 8 types of equipment: weapons, breastplates, helmets, waist armors, foot armors, hand armors, necklaces, and rings. To generate random scarcity, each item can be prefixed or suffixed according to the hash value of the token ID.

Learn about 10 hot NFT projects in one article

Usually, NFT projects adopt a top-down approach, but Loot has adopted a different approach. This is a bottom-up approach. Compared to the creators who bring value to the NFT after issuing the NFT, Loot does It is to let the community determine the value of NFT, which is a new and more decentralized way of building NFT projects. In this way, the value of NFT is no longer linked to a single entity or individual, and it is easier to form a consensus.

The Sandbox

The Sandbox is a decentralized virtual game world based on the Ethereum blockchain. Creators can create 3D pixelated assets and import them into the game in the form of NFT. In the future, The Sandbox may support the real world Scan and import the objects into the game.

Learn about 10 hot NFT projects in one article

The Sandbox is one of the star projects of the current NFT ecology. Its total transaction volume in the first public auction of 1200 virtual land this year reached 74.9 billion US dollars, and in the recent second wave of 2302 land sales, all 1078 pieces of land All sold out in less than 1 minute.
TheSandbox is a decentralized gaming platform that uses irreplaceable tokens (SAND) and blockchain technology to empower creators, artists, and game players. It has Voxel editor software Voxedit, market, GameMaker three components. Anyone can create 3D objects and set animations for them through VoxEdit, and can use in-game visual scripts to create games. Its vision is to provide a virtual space in which the virtual world and the game can be collaboratively created without central authorization.

My Neighbor Alice

MyNeighborAlice is a multiplayer blockchain builder game. Anyone can buy and own virtual islands, collect and create items, and meet new friends.

A native token Alice is issued inside the game, and the total amount of Alice tokens is constant at 100 million.

Learn about 10 hot NFT projects in one article

Alice has the following multiple functions: Used as a means of payment between different players. NFT and land can be purchased through Alice tokens. Users pledge Alice to get a certain reward. The game will reward Alice tokens to players who complete tasks and win competitions.

The Alice token is also compatible with ERC20 tokens, which means it can be launched on Ethereum and other blockchains.

Virtual islands are an important element of game infrastructure. Players can buy land from Alice after joining the job or in the market. It should be noted that the supply of land in the universe is scarce, and each land is represented in the form of NFT tokens.

Decentraland

Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain. In the Decentraland world, users can create, experience, and monetize what they have built and what they own.

Learn about 10 hot NFT projects in one article

In the virtual world shared by Decentraland, users can purchase land called “parcels”, which are recorded in a ledger supported by the blockchain. The land itself and the virtual property built on it are called “parcels”. LAND’s irreplaceable NFT is stored in the Ethereum smart contract.

The landowner controls the content published on his land. The content is encoded as a smart contract. This content can be anything from scenes and images to games and applications. Users can explore and travel in a way similar to the real world. And visiting places, the platform is also a peer-to-peer network for users to interact.

Same

Meme is an experimental agreement with a total issuance of 28,000. Its highlight is the integration of DeFi and NFT. Depositing MEME in the liquid pool can earn Pineapple points that can be used to redeem NFT cards. The mined NFT cards can be collected or traded on other NFT trading platforms.

Learn about 10 hot NFT projects in one article

From a cultural perspective, Meme refers to cultural imitation in which cultural behavior is copied by others, that is, the meaning of cultural copying, creating popularity and following upsurges. In this context, Meme currency refers to the spread of SNS, communities, etc., and it has become a trend or popular token. It is also a token that has become popular because of the phenomenon of creating “substantial value”. The most iconic Meme coin is of course Dogecoin supported by Elon Musk.

B20

In December 2020, the cryptocurrency and NFT fund Metapurse, funded by NFT collector Metakovan and jointly operated with Twobadour, purchased 20 collectibles from “Beeple Everydays: The 2020 Collection” on the NFT platform Nifty Gateway, spending more than 2.2 million Dollar.

Learn about 10 hot NFT projects in one article

On January 23, 2021, Metapurse announced that it will use these 20 NFT encrypted artworks, plus some virtual properties in Cryptovoxels, Decentraland, and Somnium Space, as well as a custom-designed VR gallery in each virtual space to accommodate the artwork, etc. As value support, ERC20 token B.20 (Beeple 20 Collection) was issued on the Ethereum blockchain, and the purchase price of these virtual assets totaled 3.5 million US dollars.

The total supply of B.20 tokens is 10 million, of which 59% is owned by Metapurse and 41% is distributed among artists, partners and investors. Metapurse officials believe that B.20 symbolizes the ownership of representative high-value works of art, and aims to promote the renaissance of virtual spaces. This is an attempt to decompose ownership.

AUDIUS

Audius is a blockchain-based music sharing and streaming protocol designed to help artists manage their works and provide higher intellectual property control rights. Audius is operated by an open source community of artists, fans and developers.

Learn about 10 hot NFT projects in one article

Artists can remove the intermediate links and extra costs of music streaming services, and directly get their due income share in their works. Among them, about 85% of the income is the artist’s own income. The remaining part is obtained by the song provider and the software developer. In contrast, some other streaming music service providers in the current industry can only provide artists with a 70% revenue share.

It is worth mentioning that Audius has launched the NFT display function Audius Collectibles. At present, many NFTs stored on other platforms have been aggregated, including platforms such as SuperRare, Zora, and Catalog. The artist trades with their wallet to prove that they own the work, but since the NFT does not move in the wallet, no gas fee is involved. And Audius Collectibles does not intend to become an NFT auction platform.

Interstellar observation

There must be a bubble in the current NFT market, but the bubble will eventually burst, so everyone must be cautious. At present, there is still a window period. This is a mixed market with extremely high thresholds. Everyone must do their homework when entering this market. NFT has a bubble, but it must have a future. After the bubble burst, more people will think about the future of NFT and how to give NFT more value. Only by maintaining value can it continue.

In the future, more and more offline artists and well-known artists will release their own NFT works. In the long run, NFT will definitely develop

 

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/learn-about-10-hot-nft-projects-in-one-article/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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