In 2021, the blockchain will expand massively in different vertical fields, and the NFT market will experience its largest year ever, with transaction volume exceeding $23 billion.
XCarnival successfully launched on the BSC chain in October 2021, and entered the track of the metaverse asset infrastructure agreement. Its core includes NFT asset mortgage lending, XIGO game asset distribution platform and other functions. In the same year, XCarnival successfully cooperated with chain game projects such as Radio Caca, Dracoo Master, Baby CryptoYou, and Binopoly to help them complete the issuance of NFT, and realized the mortgage loan of game assets, providing ecological support for the empowerment of the game cold start cycle.
The core of XCarnival in 2022 is cross-chain, and at the same time complete the ecological function upgrade of NFT asset mortgage lending, and establish its leading position in the metaverse asset infrastructure agreement. According to Leo, the core contributor of the project, XCarnival is currently creating a new ecological function - POOL to C in conjunction with the cross-chain plan. As we all know, the liquidity of NFT assets is the biggest pain point of the entire industry, and its liquidity solution can also be regarded as the KA (Killer Application) of the entire industry.
A mature NFT asset solution needs to solve NFT asset pricing and settlement (clearing) issues at the same time. In the existing XCarnival system, P2P trading is an existing solution, which is characterized by direct interaction between individuals without third-party intermediary or guarantee intervention. Background data shows that the XCarnival platform has provided a total of nearly 20 million U of mortgage loan liquidity on the BSC chain for NFT products authorized by the platform, and the total number of pledges exceeds 11,000. As XCarnival launches cross-chain Ethereum and other public chains, it is believed that the scale of NFT asset-backed lending assets under its management will lead to a blowout growth.
At the same time, we are also concerned about the performance, trends and data of some competing products in the industry for this brand new NFT liquidity solution, which is also an integral part of the most important Metaverse infrastructure agreement; Among them, the founder of Abracadabra.money @danielesta is the latest The tweet is particularly eye-catching. Daniel proposed the idea of providing mortgage lending for the $44 billion NFT industry. At the same time, he gave a P2P solution and two mechanisms for realizing lending (with or without the intervention of oracle machines).
It can be said that XCarnival and Daniel coincide with each other in terms of the realization path, but the difference is that XCarnival has already achieved the first step and will further integrate NFT pricing, mortgage lending and finally through the POOL to C (combined with DAO management) model The strategy and product logic to prevent liquidation have been improved and upgraded.
It is expected that the Ethereum cross-chain of the XCarnival platform will be completed in the first quarter of 2022. Leo disclosed that this cross-chain launch is the real mainnet launch of the XCarnival platform. Metaverse Assets provides a package of liquidity management solutions.
Multi-chain NFT data at the time of writing:
Ethereum: $15.57B
Solana: $0.109B
ImmutableX: $0.0847B
BSC: $0.0431B
XCarnival BSC chain data:
Total amount of pledged NFT: 17,077
Total Mint USDXC: 19,479,060
XCV holding address: 13,125
Genesis blind box APR data: 3,534% (the highest value)
