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The momentum is overwhelming! NFT sweeps the crypto market

NFT has the extraordinary power to integrate the real physical world with the virtual digital world, and can convert diverse physical assets into corresponding encrypted assets. Under the catalysis of its non-homogeneous (unique) characteristics, the future of NFT The development potential cannot be underestimated.

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▲Data source: DefiLlama - 0209

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▲Data source: DefiLlama-0209

Judging from the ranking of the total number of NFT transactions, the NFT project currently occupying the top spot and "remaining high" is CryptoPunks developed by the American game studio Larva Labs. As the first batch of encryption projects created on Ethereum, CryptoPunks has tens of thousands of collectible punk pixel avatars in various shapes. So far, it has created a transaction scale close to 2 billion US dollars.

According to DappRadar, in the sales records of CryptoPunks, a monkey punk NFT avatar with the number CryptoPunk#4156 wearing a blue turban created the highest transaction price in actual transactions with 2500 ETH (equivalent to 10.26 million US dollars at the time of transaction) . According to incomplete statistics, the current price of each CryptoPunk NFT avatar is no less than 500,000 US dollars.

It’s followed by Bored Ape Yacht Club, the ape series that made NBA star Stephen Curry so popular last year. There are as many as 10,000 boring ape NFTs, with different shapes, clothing, hairstyles, and color matching. So far, the total transaction volume of Boring Ape NFT has exceeded 1 billion US dollars, and the minimum price of each model is close to 300,000 US dollars.

Interestingly, the third-ranked "Mutant Ape Yacht Club" can be described as a "sudden force". Under the influence of the "mysterious serum" from Yuga Labs, the Boring Ape turned into a Mutant Ape. The weird ape with exaggerated shape and bold color scheme ignited the second fire of the "ape series" NFT as soon as it was launched.

Since it was "uncaged" in August last year, a total of 20,000 mutant apes have swept the NFT market. Its daily trading volume was close to 5,000 ETH in November, December last year and January this year (the highest contract was 21.71 million U.S. dollars). Up to now, the total amount of NFT transactions of Mutant Ape has exceeded 420 million U.S. dollars, and the "floor price" of each Mutant Ape has exceeded 60,000 U.S. dollars.

In the "Top 5" list, CLONE X will be launched in November 2021. As an NFT project co-operating with Japanese artist Takashi Murakami (TAKASHI MURAKAMI), CLONE X, with its novel and colorful 3D visual style, coupled with the classic shape of Japanese cartoons, created a single on December 13 last year once it was released. The daily turnover was 15475 ETH (approximately 63.91 million U.S. dollars at the time).

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Ethereum is "cautious", Solana is awesome

Many NFT projects "blowout" have emerged in a concentrated manner, and the blockchain network supporting NFT projects is also developing in a large-scale and diversified manner. At present, although the "dominant" situation of Ethereum continues, the rise of many emerging blockchain networks complements the development of NFT, and the grand occasion of "a hundred flowers blooming" is quietly taking shape.

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▲Data source: CryptoSlam-0209

Judging from the composition of NFT projects on the Solana blockchain, its ecological layout has begun to appear complete. Among them, there are many games, social networking, and trading platforms that include NFT. In terms of value creation, according to data from CryptoSlam, the NFT project built on the Solana blockchain started in August last year. By January this year, the average monthly transaction volume of NFT reached about 180 million U.S. dollars, and the cumulative transaction volume exceeded 1.1 billion U.S. dollars.

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Summit AscendEX: Capture the essence of the NFT market with a professional financial perspective

Based on years of experience in the traditional financial world, AscendEX (asdx.plus) is constantly looking for "new opportunities" for value bursts in the "blue ocean" of the encryption market, and Solana, which was born out of nowhere, is one of them. It is a bright pearl, especially in the previous DeFi boom.

In August 2020, Summit AscendEX took the lead in fully supporting the development of the Solana ecological project. Among them, many "dark horse" ecological projects selected through the innovative first auction activity have lived up to expectations in the market and created extraordinary "results" in the opening price increase, including SRM (+4682.35%) and OXY (+4060%) , FIDA (+1900%) and AKT (+1669.23%).

In the face of the explosive rise of NFT, Summit AscendEX maintains active attention while maintaining a steady development promotion mentality. On the one hand, it carefully examines and looks for the continuity and value stability of the NFT market. On the other hand, it combines the advantages of a centralized trading platform , looking for innovative product solutions that perfectly fit with NFT.

In terms of technical characteristics, although there are great differences between the "different" NFT and the "cookie-cutter" BTC, ETH, etc., the rise of the NFT market is due to the inherent value of the art collection itself, and a large part of it comes from attention. The value recognition and consensus of holders and holders. Therefore, there are bound to be many unstable and uncertain factors hidden in the NFT market.

However, relying on Metaverse and GameFi, NFT, as the carrier of its value transfer, has become an indispensable resource composition in the virtual world and game environment. Whether it is regarded as a virtual commodity or a value tool, the value of NFT in practical applications Or it will "steadily shine" in the digital economy where smart contracts participate.

As a centralized encrypted financial platform, on the basis of effectively combining NFT's characteristics such as generation, verifiability, transaction, accessibility, transparent circulation, and non-tampering, it has broad and diverse capabilities in multiple links such as casting, purchasing, trading, and collection. space for product innovation. At the same time, according to the characteristics of different categories of NFT, business segments that meet different needs can also be developed, including artwork, collectibles, game props, virtual assets, etc.

Thanks to the centralized platform's flexible target execution, efficient cost control, and emphasis on user experience, participants are expected to achieve NFT acquisition and circulation in a low-cost environment, and multiple NFT operations, transactions, and information Display and other functions and experience can also be refined and targeted in the iteration.

At the same time, in addition to sitting on the extensive resources of the cooperative projects, the centralized platform can also use platform currency, popular currency and other innovative, diversified and multi-party NFT business models. The refined operation of the platform will also cover many aspects that can lower the threshold for user participation, such as NFT science popularization, user operation guides, and special welfare activities.

In addition, through strong technology accumulation and integrated multi-chain network, the platform can provide a high-concurrency transaction environment and fast network transmission experience. Through rule innovation, users also have the opportunity to seize possible value opportunities at a lower participation cost, and NFT projects that access the platform can also discover more favorable cooperation opportunities.

More importantly, the NFT projects that are screened and screened by the centralized platform with a professional eye, it is difficult to have "pseudo-projects" with unknown issuers, no technology, capital, and strength, and marginal categories that do not have the potential to maintain and increase value. As more and more traditional institutions and enterprises enter the NFT market, extensive cooperation between platforms is expected to penetrate emerging concepts such as Metaverse and GameFi, and jointly promote the extremely creative NFT ecological expansion.