This article takes stock of the NFT ecology on the Tezos public chain: encrypted art platform, supporting tools, wallets

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特邀专栏作者

2021-09-18 16:52 (UTC+8)

This article is about 3692 words, reading the full article takes about 6 minutes

Why did Tezos come to the public with encrypted art and NFT this year, changing its low-key image in the past?

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Why did Tezos come to the public with encrypted art and NFT this year, changing its low-key image in the past?

In this wave of new public chains, the name Tezos has been mentioned again.

Public chain token prices such as Solana and Avalanche have repeatedly hit new highs and attracted market attention. Tezos is much more low-key in comparison. Although the token price has also risen to only one step away from the historical high, for new players, Tezos is still an unfamiliar name.

You know, Tezos was also the veteran of Staking back then, and was once a leading project in the encryption world.

In September 2014, Tezos' white paper was officially released and it received investment from brothers Tim Drapper and Winklevoss in one fell swoop. In 2017, three years after the release of the white paper, Tezos conducted token financing and raised 65,000 BTC and 360,000 ETH in just two weeks, or about 230 million US dollars. This amount of financing is rare in the history of cryptocurrency.

Strong capital is definitely the biggest label of Tezos. According to a report released by the Tezos Foundation in January this year, the total value of assets held by the Tezos Foundation is as high as US$1.176 billion, including US$600 million in Bitcoin. If they hadn't sold bitcoin during this period, their bitcoin holdings would be close to $900 million now.

It's a pity that Tezos' operations are not as high-profile as Solana and Avalanche. After the PoS boom in 2019, this former industry leader rarely made a sound, and even DeFi Summer failed to bring Tezos up.

But the gust of NFT has made Tezos different.

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So, why did Tezos come to the public with encrypted art and NFT this year, changing its low-key image in the past? Let's start with Hic Et Nunc, the most well-known encrypted art platform on the Tezos chain.

Hic Et Nunc was born in March 2021. People often feel confused when they see this name at first. The Twitter name of this platform is hicetnunc2000, which looks like a string of gibberish characters, or at least it is not in English. In fact, Hic Et Nunc means "here and now" in Latin. The name itself is artistic and philosophical, and it is very suitable as the name of an encrypted art platform. And people usually call this platform HEN, the acronym for Hic Et Nunc.

So why is this platform so popular?

First, from the perspective of environmental protection, Tezos focuses on the concept of an environmentally friendly blockchain. Although it is a controversial issue whether Ethereum NFT has a negative impact on the environment, for artists outside the circle, this is an important reason that determines whether they enter the field of encrypted art. Previously, many traditional artists and traditional art platforms considered entering the NFT field, but they were opposed and resisted by a large number of fans due to environmental protection reasons, and finally nothing happened.

Second, the gas fee of the Tezos chain is extremely low. The high gas fee of Ethereum has always been criticized. For artists, this will be their entry threshold. Although platforms such as OpenSea also provide artists with free casting functions, artists use these functions to cast NFT through OpenSea contracts. , instead of deploying an own contract. For collectors, it will also save them a lot of costs.

Third, HEN allows people to see the diversity of encrypted art. In the past, people's concept of encrypted artwork was still a picture, a piece of video, and a piece of audio, but in HEN, in addition to the above categories, encrypted artwork can also be scalable vector graphics, 3D modeling, electronic documents, web pages, Programs, etc., these have greatly broadened the boundaries of encrypted art and brought people a richer encrypted art world.

Fourth, the HEN community is very united. Due to the strong geek attributes of HEN, the artists who initially released their works on this platform are all leaders in the field of algorithm-generated art, and many of them have passed the review of Art Blocks and released a series of works. This group of artists originally came from the same circle, and they will help each other on the new platform of HEN, and this trend has continued until now. Although the works on HEN are no longer limited to generated art works, artists and collectors also Always maintained a good and close relationship.

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Moreover, most of the artists who sell their works on HEN will set their works in multiple editions, and the price of each edition is extremely low. In the eyes of some collectors, this phenomenon is not just a "collection" behavior of buying high-quality artworks at low prices, but also For example, the behavior of "rewarding" that artists share their creations and others like them builds a social circle for themselves, artists and other collectors through "rewarding", and HEN, an encrypted art platform, has become an "unique A social platform with regular social functions".

However, HEN also has some problems.

Since HEN does not have an audit link for artists, there are some plagiarists and porters on the platform. This is also a common problem of open platforms such as OpenSea and Rarible. Therefore, when purchasing, you need to pay attention to whether the account is bound to social media. Verify artist identity before making a purchase.

Another issue is user experience. We cannot simply say whether the user experience of HEN is good or bad. After all, some people like this minimalist style very much, and some people are not used to it. Indeed, for people who are used to various functions such as searching, filtering, and sorting of OpenSea, the pages and functions of HEN are too simple, and the work display page is a simple waterfall flow, which does not even distinguish the primary market from the secondary market open option. Coupled with the "unknown reason" for titles and names such as "OBJKT", many people will be confused when they first start using it. (Rhythmic Note: OBJKT is Object, which refers to the NFT on the HEN platform.) In addition, the speed of Tezos chain confirmation transactions is not as fast as that of Polygon, Solana and other public chains, and it is impossible to send a second transaction before a transaction is confirmed. This has brought poor user experience to users.

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