Hello everyone, this is the "NFT Exploration" of Prophet Labs. This article will take you through an in-depth analysis of the NFT market.

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1. NFT market analysis

During the NFT scientific research of Prophet Labs, we discovered many current problems in the NFT market. They all more or less hinder NFT from being participated by more users, and may bring greater losses and risks to users who enter blindly.

ART-NFT has not yet formed a stable market preference, and the probability of being manipulated by a few giant whales is extremely high; and the price of a single NFT is often exaggerated, which is actually not suitable for ordinary users to participate. In addition, using NFT as some authority/qualification and asset certification in the DeFi scene, and then using it for FI-NFT in DeFi products, is actually participating in DeFi's liquidity leasing/income activities, which requires users to participate earlier. and has greater risks.

In addition to Art-NFT and FI-NFT, truly liquid NFTs tend to gather in IP-NFT types and Game-NFT scenarios. The former has a large number of fans and has a core continuous collection group, which has become a pinnacle of IP hype; while the latter, through a good game mechanism design, can make players willing to spend real money while enjoying spiritual satisfaction ( BTC) silver (ETH) to participate in the probability game, while the total amount limit and transparent circulation of NFT make the game itself an investment.

However, IP-NFT collection requires players to have a deep understanding of the IP-related knowledge. For example, cards that can sell at high prices in NBAtopshot are often related to popular or classic players in reality. A large number of ordinary players and their NTF scenes have no one Ask about it, the price difference of the same item can reach 99%, and the liquidity is extremely poor.

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2. List of the four most expensive encrypted works of art in the world

You may have heard of the NFT artwork "Everydays: The First 5000 Days" created by the artist Beeple; or the Game NFT NBAtopshot, which attracted hundreds of thousands of people to participate and has an average daily transaction volume of tens of millions of dollars; or the average price $300,000+ Twitter Avatar NFT CryptoPunk and more. But in the blockchain world where new things emerge in an endless stream, the most expensive encrypted art you know so far may be surpassed by other records in minutes.

In the process of our exploration and analysis of the existing NFT economy, Prophet Labs has seen some interesting NFT artworks. Let's take a look at the four most expensive encrypted artworks in the world, hoping to find the most worthwhile in the NFT field. The value law that people are excited about; most importantly, we will also recommend you tools that can view important data about NFT in real time.

Regarding the following four encrypted works of art, only the highest historical selling price of the same type of NFT will be kept, in order to show the status quo of the NFT industry in more dimensions.

First place: $69.35 million - Everydays: The First 5000 Days

name: EVERYDAYS: THE FIRST 5000 DAYS - Cast by Beeple

NFT ID: 40913

latest price：$ 69,346,250 (fiat currency auction)

current holder: Metakovan, founder of NFT fund Metapurse (0xc6b0562605D35eE710138402B878ffe6F2E23807)

Smart contract address: 0x2a46f2ffd99e19a89476e2f62270e0a35bbf0756

size/bytes：21,069 x 21,069 pixels (319,168,313 bytes)

casting time: February 16, 2021

Appreciation link：https://onlineonly.christies.com/s/beeple-first-5000-days/beeple-b-1981-1/112924

Details and Background: Beeple is a surreal artist who has gained a reputation. He continues to integrate elements of the real world, political figures, cultural abstractions, and technological imagery into his works, depicting our world through many metaphors and pictographic techniques.

You can view more about him here: https://www.chainnews.com/articles/774044576180.htm

Regarding the artistic achievements of Beeple, we will not express it here, but the explosion of Beeple has also made Vignesh Sundaresan, who promoted it to the altar behind the scenes, dug out by the media who are chasing it. You can watch it here To his black history (https://www.chainnews.com/articles/080512757554.htm).

The value discovery of works of art is itself similar to the cultivation of IP. Art dealers/galleries buy out artists' works, and through a large number of art exhibitions, art critics, and traditional media, they continue to promote and expand the influence of artistic concepts, and shape the industry reputation and influence of individual artists. Through continuous event marketing and image association, more intangible value is given to artworks. Through continuous hype and limited output, the attractiveness of artworks is ensured from the market level. Cultivate and filter consensus through the ever-expanding influence coverage, and finally find collectors (jie) collectors (pan) of works of art.

Therefore, Vignesh Sundaresan’s Sao operation is understandable in discovering the value of artworks, but whether it is compared to "Guernica" @Picasso spawned by the Spanish Civil War,or "Qingming Shanghe Tu" @张托起, EVERYDAYS: The "artistic ecology" of THE FIRST 5000 DAYS undoubtedly has a huge gap in terms of cultural precipitation and significance of the times.

And this is also the reason why "EVERYDAYS: THE FIRST 5000 DAYS" is difficult to be widely accepted. If you rely on simple hand changes and related transactions, it will be difficult for NFT artworks to be truly accepted by the society. It is hard to imagine that if one day someone will My own Yedako took photos and made them into NFTs, and changed hands to 100 billion US dollars. Does this mean that the aesthetics and values ​​of our society are to review Yedakyo?

At the moment when NFT is still in its infancy, whether this will bring a steady stream of traditional artist groups and related resources to intervene; or will it deepen the concept of NFT "bubble"? The many current problems of NFT that we have found, and the evolutionary direction that can be found from this, are worthy of our continued exploration.

2nd place: $7.8020 million - CryptoPunk 7804

name: CryptoPunk 7804 - Minted by Larva Labs

NFT ID: 7804

latest price：$ 7,820,520.27 （4,200.00000 ETH）

current holder: Unknown NFT giant whale (0xf4b4A58974524E183c2

75F3c6EA895bC2368E738）

size/bytes：24 x 24 pixels

casting time: June 24, 2017

Appreciation link：https://cryptoslam.io/cryptopunks/mint/7804/

Details and Background: CyptoPunk is a series of ERC721 NFT tokens initiated by Larva Labs (https://larvalabs.com/) in 2017. CryptoPunk 7804 is the 7804th token. Larva Labs preset attributes such as race/accessory/hair color/eyes/mouth for CyptoPunk, and then algorithmically generated 10,000 24x24 pixel art images, which were given to users for free at the time of initial release.

Among all CryptoPunks, Apes, Zombies, and Alien races are the rarest. The total amount of NFT is limited + antique products with NFT concepts + extremely high social attention and discussion volume, so that NFTs with these rare attributes spread with CryptoPunk increasingly sought after.

In our opinion, the main reasons for CryptoPunk's almost complete monopoly on regular NFT leaderboards are as follows:

1. Early users of CryptoPunk are deep investors or geeks who are interested in DeFi/blockchain innovation. With the continuous growth of the encryption market, the personal assets and influence of these seed users are constantly growing. This is very beneficial to the spread and influence of CryptoPunk. At the same time, as one of the early application projects of NFT, CryptoPunk's own historical significance in the industry also endows it with more levels of value.

2. The characteristics of CryptoPunk NFT make its circulation/change of hands/price completely transparent on the chain, avoiding additional losses caused by information asymmetry. At the same time, the cap on the total amount, social topics, and promotion of communication have continuously attracted better liquidity for CryptoPunk than other NFTs, which is why its value has grown rapidly.

3. Larva Labs, the creator and operation and maintenance party of CryptoPunk IP, has continued to promote and market this IP after its release, and its efforts in participating in art exhibitions and social activities are constantly capturing value for CryptoPunk.

In addition to the above factors, the self-encryption community's enthusiasm for the NFT craze is also the most fundamental driving force for the CryptoPunk craze. As of now, the market average selling price of CryptoPunk is 14.62 ETH. Because of the lack of initial cost, its appreciation rate is difficult to estimate; but if calculated by the cost of 0.7U at the time of initial claim, the highest rate is 111,743,600 times (117 million).

Prophet Lab Lukewarm little knowledge:

The name of CryptoPunk may be a tribute to the cryptography mailing group that Satoshi Nakamoto communicated with Bram Cohen (the author of BT download), Assange (the founder of WikiLeaks) and others. This cryptography email group was initiated by Eric Hughes, and its main members are leaders in mathematics, cryptography, computers, and independent social organizations, discussing cryptography and sovereign government on the right to information. It can be said that CryptoPunk is the soil where Bitcoin was born.

3rd place: $3.6054 million - Formula 1 Grand Prix de Monaco 2020 1A

name: Hashmasks 9939 - minted by F1® Delta Time Game

NFT ID: 5790664570104676

Latest price:$ 3,605,445 （9081752.4764 REVV*0.398U）

current holder: Unknown NFT giant whale (0x8bb37fb0f0462bb3fc

8995cf17721f8e4a399629）

Smart contract address：0x2aF75676692817d85121353f0

D6e8E9aE6AD5576

casting time: November 2020

play link：https://www.f1deltatime.com/

Details: Formula 1 Grand Prix de Monaco 2020 1A by F1® Delta Time Game

(https://www.f1deltatime.com/), which is a blockchain game based on Ethereum. The game IP is Formula 1. The main mechanism is to collect drivers and parts, as well as keys like insurance keys. By Staking the assembled F1 car, you can get Token rewards.

It is worth noting that the NFT was completed using its Token REVV, and it was earlier. While the current market value does stand at $3,605,400, it was certainly lower then. The market value of Game-NFT is related to the game's own operating conditions and mechanisms. Therefore, compared with similar Decentraland and SandBox, the popularity of F1®Delta Time Game is indeed far behind. But the game itself is authorized and has a certain DeFi concept, which is worth referring to.

Fourth place: $646,900 - HaskMusk 9939

name: Hashmasks 9939 - minted by Suum Cuique Labs

NFT ID: 9939

latest price：$ 646,917.6 （420.00000 ETH）

current holder: Unknown NFT giant whale (0x51787a2c56d710c681

40bdadefd3a98bff96feb4）

Smart contract address：0xc2c747e0f7004f9e8817db2ca

4997657a7746928

casting time: June 24, 2017

Appreciation link:

3. List of the most potential Game-NFT encrypted blockchain projects

Games seem to always appear at the forefront of all new technologies. In the face of our winning/losing psychology, curiosity and comparison psychology, we can let go of all assessments of cost and risk, step through any complex and difficult use threshold, and abandon the concept of time without hesitation. Concept, immersed in a sea of ​​dopamine. And if the game can not only bring spiritual pleasure, but also allow you to get dozens of times the return on income, you can imagine how violent the changes brought about by Game-NFT will be.

The most amazing thing is that if we combine the energy, time and other costs we have paid for the game, and regard NFT as a "mineral", then Game-NFT is actually "I am mining"-unexpectedly, the mining machine actually It's us.

In order to enable all "miners" to dig more valuable mines and successfully capture the "Bitcoin" in the NFT field, during the process of research and analysis of NFT in the Prophet Lab, we have screened out some worth knowing and Game-NFT ecology, And hope that this can be useful; at the same time, in order to teach people how to fish, we will also provide relevant Game-NFT information acquisition channels:

The Game-NFT discussed here by Prophet Labs is more biased towards NFT projects with actual game meaning and functions. They have established different on-chain game worlds through WEB or PC, which may have more impact than pure scarcity. The degree of hype has more potential and room for growth.

Therefore, in order to be able to show more Game-NFT forms, in the following introduction, Prophet Labs hides simple collections such as CryptoKitties, and similar ones such as AXIE INFINITY (https://nonfungible.com/market/history/axieinfinity)/ FOMO's NFT project (their Game elements seem to be a little less), if you want to know more, you can go to its official view; other NFT projects purely for appreciation and collection, such as NBAtopshot (https://www.nbatopshot. com) & SORARE (https://sorare.com), etc. will also be included in the category of IP-NFT, for the same reason as before.

First place: DecentraLand【MANA】

NFT public chain: Ethereum (ETH)

Official website: https://decentraland.org

Launched in September 2017, DecentraLand is basically similar to projects including SandBox, Somnium Space, etc. Developers have created the concept of space on the chain, divided the space, and opened up to users the right to use their Token to purchase land.

With the growth of MANA's own market, the detailed introduction of DecentraLand has been very detailed and comprehensive. Prophet Lab will not repeat it here. You can learn about it through other information similar to the following link: https://www.chainnews.com /articles/751673635605.htm

What is more worthy of our attention is that the NFT applications of DecentraLand are mainly concentrated in land plots and game equipment. In the long run, its value should be related to the encrypted game world operated by the NFT casting party. The number of users and the quality of user experience The inferiority and attractiveness to new users will all be factors affecting the value of these NFTs. Compared with the simpler collection models such as CryptoKitties, the introduction of AR/VR and open sandbox concepts will undoubtedly provide NFTs with stronger value support and broader growth space in terms of game fun and other aspects.

Including on-chain social interaction, asset transactions, identity systems, etc. can also be established based on a similar blockchain game world. Although it has been questioned in terms of user experience and hype, it can be said that blockchain games with NFT as the core We have entered a completely new world. Regarding the actual game experience of DecentraLand, you can also learn more through the following article: https://www.chainnews.com/articles/609735142416.htm

It is worth noting that the NFT transaction amount of DecentraLand has reached $2,674,182.63/week, and the number of historical transactions is as high as 120,113. These data represent that the activity of this encrypted game world is the most leading among similar Game-NFT projects.

Second place: Somnium Space

NFT public chain: Ethereum (ETH)

Official website: https://somniumspace.com

Somnium Space is an open, social and persistent virtual reality world built on the Ethereum blockchain. Buy land, build or import items for instant fun or profit. A universe completely shaped by players!

Through the official introduction, it is not difficult to find that the game mode of Somnium Space is not much different from that of DencentraLand and SandBox. But compared to the latter two, Somnium Space's VR progress seems to be faster. At the same time, its association with public chains such as Matic and its senior experience in VR may also bring breakthrough points from different angles for its NFT.

Somnium Space's transaction volume has reached $1,818,699.41/week, but its transaction users and transactions are far behind DencentraLand and SandBox. The total number of transactions in history is also only 3,275. As mentioned above, the number of users and activity are the core support of this type of Game-NFT, so it is necessary to be alert to the risk of malicious speculation by giant whales in Somnium Space.

Third place: SandBox【SAND】

NFT public chain: Ethereum (ETH)

Official website: https://www.sandbox.game

SandBox is not much different from DecentraLand in essence, but there are still many differences in specific aspects such as project promotion planning and product release rhythm. SandBox is a community driven UGC-voxel (User Generated Content) platform where users can have their own LAND and place their creations in it. Users can buy, sell, and trade their creations on the secondary market and truly become part of that user-built world, where everything you see is built by and for the community.

SandBox officials will mainly drive the development of the SandBox world through the construction of infrastructure such as trading markets and game development tools. In this regard, SandBox will be more community-oriented than DecentraLand. Although the uncertainty of its development may be stronger, we believe that the creative ability of its community will live up to high expectations.

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4. Innovation MAX! Three Game-NFT projects worthy of your attention

In addition to the web-based Game-NFT project, there are many large-scale games that choose to deeply integrate NFT into game mechanics are on the way. At present, the NFT application and design of large-scale PC games are mainly based on the actual game asset circulation, and the financial attributes are not very strong. But this may instead be the reason why this type of NFT can have lasting vitality and long-term development space.

The game industry has always had a mirage pearl that everyone can't reach - all gamers hope and desire that the game world they build can be regarded as the real world by the players: the players use the products in the game Trade as consensus assets, attach your emotions to the game world, empathize with NPCs, and form a deeper connection with other players in the game, which means that players really enter and become part of the game world. a member of

And this has also become the standard for judging the quality of a game in disguise - "Game King" can be fired to tens of millions of cards by fans today after a long time; "Legend" can be forked into thousands of cards. There are tens of thousands of private servers, but there are still people who are tireless; "Minecraft" has been magically modified by fans with countless interesting Mods. After all, a good game is a good consensus vessel.

The world created by gamers is like other products born for the entertainment of human spirit, such as literature, film and television, handicrafts, and artworks. Only when more consensus is condensed can they be qualified to spread, evolve, and be constantly pursued by people.

NFT can provide these game worlds with an underlying platform that is reliable enough for all members, and is sufficient to support a larger value and application ecology. In the future world belonging to the blockchain, the game itself may be integrated with products in the form of IM/social/shopping; and NFT will inevitably gain deeper value capture as people's attention and time shift .

First place: Blankos

NFT public chain: EOS

Official website: https://blankos.com/

Before Blankos, we may have known the popular "Mankind Falls Flat" and "Jelly Bean Man" in Europe and America. They both created unimaginable traffic and economic myths. "Jelly Bean Man" is the game with the highest digital income on PC in human history. Its PC version has attracted 8.2 million players and its revenue has reached 185 million US dollars. SuperData pointed out in the report that from May 2016 ("Watching Pioneer") to the present, "Jelly Bean Man" has also set a record for the highest monthly revenue of PC digital games.

The game mechanism of Jelly Bean Man is that players operate Q-version characters on different official maps to perform obstacle races, attack each other, etc. Each game is short and concise, which is in line with the "fast game" trend in the game trend. Players can buy various props to dress up their characters, communicate and cooperate with other players, it can be said to be six to thirty, suitable for all ages.

The trend of "Humanity Falls Flat" and "Jelly Bean Man" has driven many game companies to follow suit. Games such as Party Animals are trying to occupy a place in the era of fast games through micro-innovation. However, games like "Humanity Falls Flat" and "Jelly Bean Man" require a lot of original investment, including maps, gameplay mechanisms, character materials, textures, game engine tuning, etc., all of which require outstanding players from different fields to join and collaborate.

Blankos was developed by Mythical in 2018. The essence of Blankos is not much different from jelly beans. Even the account system is a centralized game registration, but Blankos brings it The power to change the blockchain game.

First, the world of Blankos is open. Blankos supports players to create game maps and game modes by themselves. The official role is to create exemplary game modes, and then continuously provide various maps and prop materials. You must know that the oneness of the maps and modes that the jelly beans have been criticized for is the singleness of the maps and modes, which is justifiable in their modes. After all, the development of these maps and modes requires a lot of work and verification. Blankos can make the maps created by players constantly eliminated and improved among different players, and finally discover the most playable modes and maps.

With easy-to-understand game map and mode creation tools, everyone can become a game developer. Race, FPS, auto chess, etc., with tools, there are infinite possibilities.

Secondly, the game elements of Blankos will be NFTized. Compared with the million-dollar NFT "artwork" that has been hyped up by big players, Blankos will make the blockchain truly a new era game carrier that the general public can participate in, and the general public means the market and means Crowds mean unlimited gravity for capital. This may be even more exciting than PayPal accepting digital currency.

Blankos designed a lot of details with blockchain thinking, such as game characters will be in a boxed state after purchase, and players must unpack them if they want to use them. Once unsealed, it means that the NFT will be destroyed. And as players continue to metabolize, different NFTs will be continuously consumed by players.

In addition, Blankos is very good at details in game pages, animations, music, etc. Blankos' original production has added a lot of punk and niche art elements.

Second place: Infinite Fleet

NFT public chain: Ethereum (ETH)

Official website: https://www.infinitefleet.com/

InfiniteFleet is a massively multiplayer online real-time strategy (MMO) game for PC developed by Pixelmatic. Like Blankos, it will give its NFT value through a huge background story universe and a systematic equipment and game item system.

According to the official introduction: Explore the vast universe and galaxies, and the direction of the story is entirely up to you. As the USF Fleet Commander, your mission is to defeat the brutal alien creature Atrox. By building your own fleet, defending territories across the interstellar world, you can turn the tide of battle with your partners and change the fate of the entire human race. It is not difficult to see that InfiniteFleet will be a space concept game with the same theme as "No Man's Sky" and "Elite: Dangerous", and this seems to be a natural fit with blockchain and NFT.

Although only a few trailers have been released so far, the game company has completed fundraising for qualified investors through several platforms, and has sufficient capital and resources to complete affairs including game development, publicity, localization, etc. .

Regarding the application of NFT, it can only be confirmed that various types of spaceships, cannons and other components in the game will be NFTized and can be traded between different players.

Third place: Dark Forest

NFT public chain: Xdai (test V0.5 version)

Official website: https://zkga.me

Darkforest is an on-chain game built using zk-snarks, which originated from the concept of dark forest in Chinese writer Liu Cixin's "Three-Body Problem".

Darkforest is a geek game that V God pays attention to. It currently runs on a POA (which can be simply understood as an alliance chain) blockchain Xdai. The game is very creative and includes advantages and elements such as hash map + NFT + gameplay. It has been deployed by many public chain forks during the internal testing period. At the same time, the team is still launching similar plug-in mechanisms to enhance the freedom and development space of the game, and it is expected to become the leader in the minimalist Web blockchain game.

NFT application form: The game logic of Darkforest is that in an unknowable universe, players need to survive and strengthen themselves, so as to ensure their dominant position when facing the constellations controlled by other players. Each Odaily can generate energy, which can be used to attack other Odaily. Some Odaily can also use energy as a barrier, and the difficulty of conquering different Odaily is related to the upper limit of its energy storage. In addition, there are resources such as silver ore that can be used to upgrade Odaily.

In this game background, improving energy and obtaining more silver mines has become the main goal of the player. Darkforest turns some props that can improve Odaily attributes in the game, such as relics, / and so on, into NFTs. Players can use computers to calculate hash values ​​locally to "open up the map" and discover more relics, etc., and can also purchase various NFTs such as crowns Equipped to enhance the Odaily attribute. At the same time, these NFTs can be moved between different Odaily, and transactions should be supported in the future.

In the Internet age, games cannot gather and carry consensus for a long time. It will form its own so-called "tradition" and gradually tend to a wrong direction. It will be rejected by players, killed by operators, and eventually The server is turned off, just like the governance of the country. In an environment that is not open enough, you can never expect every person in power to be good enough, and very few people are qualified enough to be accepted by people. Recognized to become a new centralized manager; therefore, the life you have accumulated in these games will be cleared, tampered with, the precious will become no longer precious, and the meaningful will no longer be meaningful.

The significance of Game-NFT seems to be: blockchain-based NFT can make mirages come true. Because blockchain is the best consensus carrier, it will also become the DNA of game consensus. The blockchain can help us to jump out of the "historical cycle" in other fields besides the economy, so as to establish a more reasonable value system.

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5. Gold is hard to dig and sell shovels, the NFT concept project that deserves your attention most

The NFT (nonfungible token) ecology is still in the initial stage of wild and disorderly development. The lack of an effective casting/circulation mechanism makes the collection of NFTs often require a very high cognitive threshold. The one-click instrumentation of NFT and the NFT issued by a large number of unknown users attracted by the myth of wealth creation have greatly dispersed market attention, and it is impossible to capture the attention and consensus from the community, let alone have value-added potential.

That is to say, the participation of Art-NFT and FI-NFT in the current NTF application scenarios requires close attention to the dynamics of related projects, and judging the direction of hot money hype; IP-NFT and Game-NFT require users to pay attention to IP, such as In-depth understanding of basketball/anime/star/football related fields, or a lot of time and energy to participate in to understand the scarcity and value of NFT in the game community. It can be seen that if the existing NFT is not blindly rushing to take over, but wants to participate in the long-term and obtain continuous positive cash flow, then it needs to invest more costs in addition to pure funds.

Since it is impossible or difficult to become the group of people who dig gold, we can think in reverse: no matter what kind of NFT assets, they need to run in a certain public chain or DeFi project contract, and the bubbles overflowing from their own hype , will inevitably flow out to its basic public chain. The FLOW public chain carrying NBAtopshot has increased 310 times from 0.1 USDT/FLOW to 31.6 USDT/FLOW since it was sold on Coinlist in 2020. No matter who digs gold, a shovel is always needed, and selling shovels does not need to consider geological terrain/mineral distribution and mining analysis. Although the income of individual cases is far less than that of NFT itself, its overall value growth is not inferior. For example, the NFT concept public chain FLOW started with 0.1 USDT when it was released on Coinlist. With the help of NFT products such as NBAtopshot, it has been continuously sought after. The current market price is 32USDT.

The following data are sorted by current (20210320) market capitalization:

No.1 Enjin Token (ENJ)

Official introduction: Enjin token (ENJ) is a value digital value storage carrier that supports blockchain assets (such as NFTs). Each NFT asset minted by the Enjin platform contains ENJ tokens, and ENJ is locked inside the NFT and removed with the circulation of NFT assets.

Enjin provides a blockchain ecosystem integrated by software, enabling everyone to easily develop, trade, and tokenize various digital assets, and conduct marketing activities in the blockchain market. Enjin co-founder Witek Radomski wrote the code for the first batch of non-fungible tokens (NFTs), and he is also one of the pioneers who pioneered the ERC-1155 Ethereum token standard. Built on a robust blockchain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to tokenize digital assets as part of their acquisition, retention, user stickiness, and monetization strategies.

The Enjin ecosystem is powered by the Enjin Token (ENJ), a digital value storage carrier used to support the value of NFTs blockchain assets. Every asset minted on the Enjin platform contains ENJ, which is locked inside and removed with circulation.

ENJ analysis: Enijin ecology has made great contributions to the development of NFT, including related protocol proposals, NFT casting tools, gamification design concepts, etc., and is therefore recognized by the market. But it is a pity that ENJ has not yet officially launched its NFT products. On the contrary, there are already many NFT games and communities built with the help of ENJ tools, which has been criticized by the ENJ community. The actual application status of ENJ may not be clear until more detailed information is updated.

No.2 DecentraLand(MANA)

Official introduction: Decentraland is a virtual reality platform powered by Ethereum. There is no limit to what you can do in this virtual world. It is the first digital platform fully owned by users. Similar to games like Skyrim and Fallout, Decentraland is a fully immersive virtual universe. However, instead of playing on a two-dimensional screen, you participate in a three-dimensional world. This seems like the logical next step before creating full-blown AI games in physical space, like Westworld. Similar groupings on LAND are basically communities around a common theme. For example, there might be a zone that offers cryptocurrency apps and services only for crypto enthusiasts.

The Decentraland team is led by Ari Meilich (Project Lead) and Esteban Ordano (Technical Lead). Ordano worked as a software engineer at Bitpay and founded the company Smart Contract Solutions. The two founders also previously co-founded Stremium and Bitcore. Decentraland has been around longer than you might think. The team reached their first development milestone - Stone Age - in June 2015. It's a simple pixelated grid that assigns pixels to users via a proof-of-work algorithm.

Token usage: MANA is a token used to purchase land in Decentraland. You can join the blockchain platform to buy or sell various digital assets in the virtual world.

Decentraland coin is not a mineable cryptocurrency as it is issued on the Ethereum blockchain, unlike Bitcoin and other similar currencies.

MANA analysis: MANA is currently the only payment method for land transactions in Decentraland, and there will still be other characters, equipment, etc. available for MANA transactions in the future. And it is conceivable that in order to ensure the distributed and healthy development of the Decentraland ecosystem, the governance significance of MANA will also be gradually strengthened in the game, which may bring more impetus to MANA in terms of liquidity locking and value assignment.

The risk of MANA may be that before the creation of content and value is formally formed, its land has been raised very high by speculators, which creates an ever-higher threshold for artists and other content creators to join. At the same time, too many bubbles may make Decentraland miss the opportunity to acquire ordinary users in this round of market cycle, and no longer have too much room for growth.

No.3 FLOW(FLOW)

Official description: Flow by Dapper Labs (the company that created CryptoKitties) is a blockchain network designed to be fast, secure, and developer-friendly. Like the hazards of high transaction fees seen during the CryptoKitties hype, new blockchain ideas for gaming and social networks were conceived after Ethereum faced major scalability issues. The Flow team concluded that shards and sidechains would not be a long-term solution for performance-hungry applications. Flow investors include Andreessen Horowitz, Warner Music Group, Union Square Ventures, Digital Currency Group and other large backers.

Token usage: Flow is the underlying underlying token of FlowChain, which can be used to pay related fees for public chain resources, just like the status of ETH for Ethereum. For the time being, we have not found Flow's role in other aspects including public chain governance.

FLOW analysis: FLOW's current economic model is mainly like ETH, and the consumption of GAS fees can provide continuous precipitation and locking for FLOW. However, compared with ETH, which has a huge demand for DeFi, the real application channel of FLOW is relatively simple. Its market value is more supported by the overflow value and market expectations of other Game-NFTs based on this public chain, including NBA Top Shot.

Similarly, if the FLOW team continues to increase in Game-NFT, then doing a good job in the basic chain can fully support the value discovery of FLOW. It is worth learning from the Prophet Lab that 1) FLOW proves that a good NFT popular project or IP will be extremely beneficial to start the entire NFT ecosystem. 2) For the needs of different users, the product form and logic do not need to be constrained at all (for example, when the NBA faces traditional user groups, it supports fiat currency payment and provides a better user experience through other centralized credit enhancement mechanisms .)

No.4 WAXP(WAX)

Introduction: WAX is a purpose-built blockchain and protocol token designed to make e-commerce transactions faster, easier, and safer for all participants. The WAX ​​Blockchain uses Delegated Proof-of-Stake (DPoS) as its consensus mechanism and is fully backward compatible with EOS. WAX has developed custom features and incentives designed to optimize the usability of the blockchain in e-commerce and encourage voting on guilds and proposals.

WAX has created a suite of blockchain-based tools upon which to build dApps, marketplaces and native non-fungible tokens (NFTs). These tools include services that support e-commerce businesses such as WAX Cloud Wallet, SSO and OAUTH, native RNG services, and developer portals. The resulting technology reportedly represents a blockchain architecture with 500-millisecond block times that are free to clients and utilizes voting rewards to incentivize participation in the selection of block producers and proposals.

Token usage: As the underlying asset of the public blockchain, WAX also represents the right to allocate resources on the chain. At the same time, a large number of NFT projects on the WAX ​​chain have their official teams, and many of them support WAX's own applications.

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6. Information Acquisition Channels

In addition, being able to obtain NFT hotspots/early information early and become the earliest participating group is also one of the best paths for NFT participation. But for ordinary users, they don't have much time and energy to pay attention to, retrieve, and analyze relevant information.

So how to ensure that we can improve the efficiency and timeliness of our acquisition of NFT information? How to see and analyze the real situation of NFT more thoroughly? In the blockchain world, we need to make good use of tools and keep up with the trend. Through the combination of data and other information sources, you may be able to become an early waver of different NFT products.

We have used the following tools and websites to obtain this information, hoping to help you better explore in the NFT world, remember to bookmark it:

Data analysis/synthesis tools

CryptoSlam [NFT transaction history/data analysis website]

https://cryptoslam.io/

Nonfungibe [NFT transaction history/data analysis website]

https://nonfungible.com/

ArtNFT Sales/Distribution Platform

Niftygateway [NFT art auction and sales platform]

https://niftygateway.com/

Makers place【Art NFT Auction Release】

https://makersplace.com/

SuperRare【Art NFT Auction Release】

https://superrare.co/

Foundation【NFT Art Market】

https://foundation.app/

Rarible【NFT minting and issuing Token system】

https://rarible.com/

NFT trading market

https://fraction.art/

NFT trading market

Opensea [NFT & domain name issuance/sales platform]

https://opensea.io/

Newitem【Heco NFT/Token Auction Distribution Platform】

https://www.newitem.finance/

TreasureLand [NFT market on the BSC chain]

https://treasureland.market/

Innovative NFT

CryptoHistory [NFT on 3D chain]

https://www.cryptohistory.art/

CryptoVoxels【3D NFT Art Gallery】

https://www.cryptovoxels.com/

SomniumSpace【NFT Museum/Foundry/Ecology on VR+Matic Chain】

https://somniumspace.com/

Fraction【DAOFI's NFT market-blocking right restriction-NFT holding airdrop】

https://fraction.art/

NFT product/artwork

CryptoPunk

https://www.larvalabs.com/cryptopunks

HashMasks【NFT-token-FI】

https://www.thehashmasks.com/