What new trends have appeared in the NFT market after the avatar boom?

The NFT market has obvious trends in three aspects: composability, interactivity and growth, and a new generation of works has been born.

Since the floor price of CryptoPunks broke through 100 ETH , and the price of artwork on Art Blocks continued to break new highs, the market’s enthusiasm for NFT has been detonated time and time again. With the influx of a large amount of capital and users, the problems that follow have become more and more obvious. For example, fake paintings flooding in OpenSea and hit et nunc, copycats copied from multiple chains (such as Tronmeebits, SolanaPunk), and genarts of the same theme are generated infinitely by the artist round by round. In the face of these problems, we see that the market has also undergone rapid development iterations. Three obvious trends have occurred in recent months, and a new generation of works has been born.

Composability

Before the new NFT standard is popularized, some projects have relied on their own mechanism design and technological micro-innovation to make NFT composable and exchangeable more and more obvious. Just like DeFi building blocks, the composability of NFT will bring more and more value discoveries to the project. Representatives are LOSTPOETS and various Loot equipment market projects.

LOSTPOETS creator Pak is an artist praised by Elon Musk and Jack Dorsey. His previous works have sold for $17 million at Sotheby’s. On the day when his new work LOSTPOETS was released, it was quickly sold out with a super high mint price of 0.32 ETH ($1100) and a large circulation of 65,536 pages. In a few hours, it raised more than 70 million US dollars, and the user only got one copy. What a white paper NFT.

As the project develops, the interchangeability of the project begins to increase. This white paper NFT can be claimed to be converted into a poem generated by ai, or it can be left without conversion. After 2 weeks, it will automatically become an NFT with several words and titles. It can Combine with poems to make poem content more exciting. In other words, NFT players with poems in their hands can continue to buy poem titles and words, and combine them to create new poems. Collectors are no longer involved in simply opening blind boxes, and there will be more interactions between collectors. The specific gameplay can be seen in the introduction from the community:

After the avatar boom, what new trends have appeared in the NFT market?

Interoperability

Art blocks are the most watched genart art selling platform. The early releases are a large number of recognizable paintings, such as Fidenza, Ringers, Chromie Squiggle. With the maturity of genart’s painting technology and the impact of similar artworks on multiple platforms, collectors feel more and more aesthetically tired of such paintings. Many of art blcoks’ works have not even been sold for a month without the reserve price mint. However, in the recent releases, we can see that interactive projects are gaining more and more market recognition. Collectors get a 3D space, and they can adjust their paintings and perspectives by themselves. Collectors are involved in art creation to a certain extent. This is an experience completely unavailable for traditional collection paintings.

The most recent representatives are Democracity and Skulptuur. One work can be rotated and zoomed to control the angle of observing the corners of the city, and the other can control the clarity of the 3d sculpture layer and choose the texture you like for the picture.

After the avatar boom, what new trends have appeared in the NFT market?Democracity

After the avatar boom, what new trends have appeared in the NFT market?Sculpture

In addition to the interaction of the painting itself, many works also have a good interaction and sex with the real world. For example, Meetbits, another work of Larvalabs, the parent company of CryptoPunks. After obtaining the NFT, collectors can download the 3d modeling data of the entire work, and the enthusiasts in the community can easily import the work data to the video production platform to create dances and various short stories that are more spreadable on tiktok platforms. video.

After the avatar boom, what new trends have appeared in the NFT market?Twitter netizen @Bottledevil1

A work can interact better with collectors and with the real world, which determines the playability and more development possibilities.

Growth

Recently, the concept of AI+NFT has begun to appear in the market. NFT is not just a jpg, but is combined with AI to give the image more personal characteristics, a bit like a cultivated electronic pet. This kind of trial projects such as mirror world, In addition to obtaining an avatar, a dialogue robot is also obtained. With time development and more dialogue training, AI will gain more personal characteristics of collectors. If an NFT can have more personality of its holder, it cannot be copied and imitated.

After the avatar boom, what new trends have appeared in the NFT market?Mirror world

There is another type of genart work, because the code of the work can be looped and iterated, allowing collectors to see that the details of the work continue to change over time, and the final product will not be obtained until the end of the loop code. For example, in the recently released rituals-venice series, the music and screen animations are constantly updated.

After the avatar boom, what new trends have appeared in the NFT market?

risk warning

Remember that except for professional players, you must not invest too many assets in the NFT. The market is still in the early stage, and the possibility of liquidity after the collapse of liquidity is almost zero. The market is not afraid of price rises and falls, but it is afraid that there will be no bids. 99% of the works will end up in your wallet, so you must buy the works you like.

With the hot concept, there are more and more scammer projects that follow. We must be wary of online gallery products and all kinds of imitation disks. These projects remind us of various ETH killers and invoices on the chain in 17 years. The project seems to be full of rationality, but in the end it is difficult to break the dimensional wall and cannot generate real value.

More efforts should be made to find community-native NFT projects, to find continuous technological innovation, and the combination of artistic model exploration and new Token model. You must know that OpenSea, as the largest NFT trading platform, only has 400,000 total users and 200,000 monthly active users. Everything is still very early.

Written by: Zuo Changbai, Cobo VP

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/what-new-trends-have-appeared-in-the-nft-market-after-the-avatar-boom/
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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