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

Entering 2021, the NFT market has started strongly, and the market transaction volume ushered in a peak from February to April. The transaction volume in the week starting from February 21 exceeded 197 million US dollars.

From late May to mid-June, the market entered a short-term downturn, and the transaction value dropped sharply. At that time, many people believed that the NFT market collapsed after experiencing a short-term bubble, and doubts about the development of the NFT market began to appear.

However, it is not. With the rise of the metaverse concept, 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, the sales of NFT in the first half of 2021 reached 2.5 billion US dollars, and since March, the weekly NFT sales volume has remained between 10,000 and 20,000.

Entering July, the NFT market continued to climb upwards. The weekly transaction value of NFT in mid-July exceeded the peak in February, reaching 209 million US dollars. And the market didn't stop there. In the week starting on July 25, the weekly transaction value of NFT soared to more than 339 million US dollars, a surge of more than 70% compared with mid-July. The transaction volume in the first week of August was about 443 million US dollars, and the NFT market transactions continued to sing.

Interstellar integrates data from platforms such as OpenSea, CryptoPunks, and DappRadar, and summarizes recent popular NFT projects. This article will give you a brief introduction, covering comprehensive trading platforms, encrypted art platforms, fashion collections, games, and virtual worlds. , NFT+DeFi, music social platforms and other fields.

01

Flow

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

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

The biggest differentiator for Flow is that it already has functioning apps, including top entertainment brands, development studios and venture-backed 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 prominent among the next generation of high-growth startups project.

02

OpenSea

Founded in January 2018, OpenSea is the first and largest NFT trading market. Users can find a variety of unique digital items on OpenSea, in addition to digital art, there are also collectibles, game items, domain names, and even digital representations of physical assets. Essentially, OpenSea is like the eBay of NFTs, with millions of assets grouped into hundreds of categories.

Trading on OpenSea is a minimum trust operation. This is because OpenSea uses the so-called "Wyvern Protocol". The protocol is a set of smart contracts that have been audited and battle-tested in actual use. The Wyvern protocol enables users to exchange state changes, such as NFT ownership states, for cryptocurrency ownership states. Therefore, when a seller sells an NFT, it is immediately transferred to the buyer.

OpenSea claims they have the lowest fees in the NFT space, they charge 2.5% of the sale price, no service fees for buyers, and support over 200 payment methods to choose from.

03

Nifty Gateway

Nifty Gateway, a regulated currency marketplace for NFTs, was acquired in 2019 by “Bitcoin billionaire” twins Tyler and Cameron Winklevoss of the Gemini cryptocurrency exchange, the exchange’s first acquisition.

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

Recently, Nifty Gateway has also updated the hidden function - Prepaid ETH, hoping that Ethereum users and credit card users will be in the same interaction speed environment, and it only takes one second to see whether they have received artwork. The feature connects Gemini, a new Ethereum custodial wallet, to a Nifty Gateway account. The prepaid function will be easy to operate, making platform transactions as easy and fast as checking out with a credit card.

04

LOOT

Loot is a series of NFTs created using the ERC protocol on Ethereum on August 27th, allowing anyone to mint NFT items representing a set of 8 adventurer-themed gear items. These items have a randomly distributed scarcity characteristic. Each token contains 8 kinds of equipment: weapon, breastplate, helmet, waist armor, foot armor, hand armor, necklace, ring. To generate random scarcity, each item can be prefixed or suffixed with attributes based on the hash of the token ID.

Usually, NFT projects adopt a top-down approach, but Loot takes a different approach, which is a bottom-up approach. Compared with creators bringing value to NFT after issuance, Loot does It is to let the community decide the value of NFT, which is a new and more decentralized way to build NFT projects. Through this method, the value of NFT is no longer linked to a single entity or individual, and it is easier to form a consensus.

05

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 real-world Object scans for importing into the game.

The Sandbox is one of the star projects of the current NFT ecology. Its total transaction volume reached 74.9 billion US dollars in the first public auction of 1,200 virtual lands this year. In the recent second wave of sales of 2,302 lands, all 1,078 lands All sold out in less than 1 minute.
The Sandbox decentralized gaming platform uses non-fungible tokens (SAND) and blockchain technology to empower creators, artists, and gamers. It has three components of Voxel editor software Voxedit, market and GameMaker. Anyone can create and animate 3D objects through VoxEdit, and use in-game visual scripting to create games. Its vision is to provide a virtual space in which virtual worlds and games can be created collaboratively without a central authority.

06

My Neighbor Alice

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

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

Alice has the following functions: It is used as a means of payment between different players. NFTs and land can be purchased through Alice tokens. Users who pledge Alice can get certain rewards. The game rewards players with Alice tokens for completing tasks and winning contests.

The Alice token is also compatible with ERC20 tokens, meaning it can be listed on Ethereum and other blockchains.

Virtual islands are an important element of the game's infrastructure. Players can buy land from Alice after joining 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.

07

Decentraland

Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain, where users can create, experience and monetize what they build and own in the world of Decentraland.

In the virtual world shared by Decentraland, users can purchase land called "parcels", which are recorded in a blockchain-backed ledger. A non-fungible NFT of LAND, stored in an Ethereum smart contract.

Landowners control what is published on their land, this content is coded as a smart contract, this content can be anything from scenes and images to games and applications, users can explore, travel in a similar way to the real world and access venues, the platform is also a peer-to-peer network for users to interact.

08

Meme

Meme is an experimental protocol with a total issuance of 28,000. Its highlight is the integration of DeFi and NFT. Deposit MEME into the liquidity pool to obtain Pineapple points that can be used to exchange NFT cards. The mined NFT cards can be collected or traded on other NFT trading platforms.

From a cultural point of view, Meme refers to cultural imitation behaviors in which cultural behaviors are copied by others, that is, the meaning of cultural copying, creating popularity and following trends. In this context, Meme currency refers to a token that is centered on SNS, communities, etc., becoming a trend or popular token, and it is also concerned with creating"real value"Tokens that became popular due to the phenomenon. The most representative meme coin is of course the Elon Musk-backed Dogecoin.

09

B20

In December 2020, Metapurse, a cryptocurrency and NFT fund 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.

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 VR galleries custom-designed to accommodate the artwork in each virtual space, etc. As a value support, the ERC20 token B.20 (Beeple 20 Collection) is issued on the Ethereum blockchain, and the total purchase price of these virtual assets is 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, aiming to promote the renaissance of virtual space, which is an attempt to decompose ownership.

10

AUDIUS

Audius is a blockchain-based music sharing and streaming protocol designed to help artists manage their work and provide greater control over their intellectual property. Audius is run by an open source community of artists, fans, and developers.

Artists can cut out the intermediaries and extra fees of music streaming services, and directly receive their due share of revenue from their works. Among them, about 85% of the income is earned by the artist himself. The rest is earned by song providers and software developers. In contrast, some other streaming music service providers in the current industry can only provide artists with a 70% revenue share.

interstellar observation

interstellar observation

There is definitely 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 barriers to entry. Everyone must do their homework when entering this market. NFT has bubbles, 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 last.

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.

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