Text | Nancy, Rex Editors | Tong

Produced | PANews Taihe Capital

infrastructure

Key projects

Immutable X: ImmutableX is an NFT-focused L2 scaling solution designed by the creators of Gods Unchained. It allows users to trade their NFTs using zero-knowledge (ZK) rollups without paying gas fees. In addition to saving fees, its users also benefit from:

• Self-hosted, with the same level of security as Ethereum, unlike other solutions.

• Instant transactions, while transferring back to the Ethereum main chain, are trustless and verifiable.

• The main difference from other L2s is that users do not need to own unique L2 tokens to trade NFTs.

• Advanced Turing-complete conventional computing is possible with Cairo, a technology built by StarkWare partners.

• Centralized liquidity means game assets are instantly available on all IMX-supported exchanges.

Immutable X has a strong lineup of investment institutions: Naspers, Galaxy Digital, Coinbase, Continue Capital, etc.

Enjin: As an old-fashioned blockchain game development platform, Enjin's CTO has developed a new standard of ERC-1155, which makes game development equipment and props very flexible and can be applied to all walks of life. Enjin has made frequent moves in the first year of NFT this year. First, it cooperated with the veteran game manufacturer Atari, and secondly, it won the first batch of blockchain game tokens recognized by the Japan Game Association; currently Enjin. Two new products, the interoperable bridge network JumpNet (which can be compared to Polygon's functions) and the Enjin public chain Efinity, will be released, and the product will be positioned as "redefining the NFT market". The support of NFT will completely eliminate the high Gas fee of Ethereum.

FLOW: Currently the hottest NFT public chain, the company behind it, Dapper Labs, previously developed the sensational CryptoKitties, and the CTO developed the new standard of ERC-721, laying the foundation for NFT. FLOW has a pipelined architecture that divides jobs that would normally be done by a single node into five different node types, significantly reducing redundant work and improving efficiency. A cryptographic technology called "Professional Proof of Secret Knowledge (SPoCK)" will be adopted to meet the needs of decentralized game applications. This approach enables developers to safely and easily build on each other's code, creating entirely new products and services faster. At present, many NFT art platforms and games are developed based on FLOW. NBA Top Shot, which has the largest NFT transaction volume, is currently running on FLOW.

NFT trading platform

NFT trading platform

Key projects

Key projects

Opensea: Known as the "eBay of blockchain games", Opensea is undoubtedly the leader in the trading market, and currently supports more than 13 million items. In the world's largest NFT comprehensive trading market, users can trade encrypted artworks, collectibles, game items, and other items built on the Ethereum ERC- Buying and selling of digital assets on 721 and ERC-1155 standards. Opensea will charge 2.5% of the selling price as a commission after the product is sold, and some game parties will also charge a handling fee of 7.5% of the transaction amount.

Since January this year, Opensea has shown a linear upward trend in terms of turnover and number of users. At present, the total transaction volume of Opensea exceeds 140 million US dollars, and the total number of users has exceeded 50,000.

Rarible: Rarible is a creator-centric NFT distribution and trading platform, allowing any user to create and sell digital collectibles without coding skills. In July 2020, Rarible issued its own native governance token RARI, which is distributed according to the weekly purchase and sales volume of users. Users can use these tokens to buy and sell NFT. Among them, the most active creators and collectors can obtain governance rights by holding RARI, vote for the upgrade of any platform, and participate in management and review. It is precisely because of the issuance and incentives of governance tokens that Rarible has come from behind in just over a year since its establishment, and its sales volume in a certain month was once 10 times that of OpenSea.

Nifty Gateway: Nifty Gateway is an NFT comprehensive trading platform, acquired by the "Bitcoin Billionaire" twins Tyler and Cameron Winklevoss of crypto exchange Gemini in 2019, users can use credit cards to purchase USD-denominated NFT. In the recently updated secret function Prepaid ETH of Nifty Gateway, Ethereum users and credit card users can be in an environment with the same interaction speed, and it only takes one second to see whether the artwork is received.

For a long time, Nifty Gateway has been tepid in the NFT trading market. Until the beginning of December 2020, Nifty Gateway began to collaborate with famous crypto artists such as Beeple on a regular basis, and released exclusive NFT collections. The hype of IP has greatly increased the reputation of Nifty Gateway. For a while, works from Nifty Gateway once dominated the encryption art auction list. It is worth mentioning that Nifty Gateway once auctioned Beeple's work "THE COMPLETE MF COLLECTION" for US$777,777.

In the past year, the total transaction volume of Nifty Gateway exceeded US$90.403 million, with an average monthly transaction volume of US$7.533 million. Among them, in January this year, the transaction volume of Nifty Gateway was as high as 75.265 million US dollars.

SuperRare: Founded in 2017, SuperRare is undoubtedly the most "out of the circle" in the entire NFT trading track. Since SuperRare is based on the Ethereum ERC721 standard and has a high threshold for artists to enter, all created works must be original, and the artist will be reviewed once a week, which largely guarantees the high quality of encrypted artwork. quality. At the same time, SuperRare's special incentives are one of the important reasons why it continues to attract a large number of artists to settle in. Artists can get 85% of the income after the first sale of their works, and they can also permanently get 10% of the sales in the secondary market .

At present, SuperRare has risen rapidly, and the number of users and transaction volume are growing at a rapid rate. The total transaction volume has exceeded 20 million US dollars, the number of sales has exceeded 17,000, and the average transaction price of each work is 1460.45 US dollars.

MakersPlace: MakersPlace is a full-service platform for artists and creators, typically charging a 15% transaction fee. Artists only need to provide a photo ID to generate ERC-20 tokens for trading encrypted artworks. Artists can save these tokens to their own digital encrypted wallet or use the wallet provided by MakersPlace. Based on the blockchain, each work has a unique "fingerprint" signed and issued by the creator, which greatly guarantees the originality of the work.

What is different from other NFT trading platforms is that MakersPlace has introduced social functions, and artists can use the functions of "likes", "following" and "views" to judge how much they like their works.

Since December 2020, the number of MakersPlace users and transaction volume have shown a linear upward trend. However, compared with other platforms, MakersPlace is slightly inferior, with a total transaction volume of only 1.36 million US dollars.

KnownOrigin: KnownOrigin is an established encrypted art exchange running on Ethereum, where users can create, buy, transfer and trade NFT encrypted art. However, despite the same "debut" as SuperRare, the appeal of its encrypted art is far less than the latter.

Despite its seniority, it is clear that KnownOrigin is already at a disadvantage in the upsurge of encrypted art. Although KnownOrigin has a large number of sales, the average price and total transaction value of works are far behind other platforms. Especially among the top-ranked works at auction, there are almost no figures from KnownOrigin. If KnownOrigin doesn't make any changes, it will definitely become a "pig" that fell down after the wind stops, and even face the risk of being eliminated.

Async Art: Async Art should be the coolest of all NFT trading platforms, and it is itself a programmable art experiment. The works of Async Art are not static pictures in the past, but are composed of a master layer and multiple layer layers. For example, the owner can change the settings and display methods of the Layer at will, which means that the works will continue to change over time. This novel gameplay and independent experience has indeed been welcomed by the outside world. For example, in March 2020, the encrypted artwork "First Supper" jointly launched by Async Art and thirteen encrypted artists sold for a high price of 103 ETH.

The relatively low commission compared to other platforms also makes Async Art a "dark horse". Async Art charges 10% on one sale and 1% on secondary sales. At present, Async Art has received the support of more than 10 investment institutions such as Lemniscap and Galaxy Interactive.

Judging from the current achievements of Async Art, although the number of temporarily sold works is less than 900, the unit price of each work is not low. It is foreseeable that the value of programmable art will have greater breakthroughs in the future.

VIV3: The newly launched VIV3 is the first NFT trading platform based on FLOW. In this platform, all works of each creator are formed by their own blockchain smart contracts, so any application in the Flow ecosystem can be directly and easily integrated with each artist's contract. Although it is a new trading platform, it has attracted the participation of well-known artists such as Anne Spalter and Ben Mauro. A total of 115 artworks were minted and put on shelves during the one-month period during the test, 29 of which were purchased. One of the important reasons is that the casting and transaction costs of VIV3 are borne by the platform itself. The creator can get 87.5% of the income when the work is sold for the first time, and 10% of the royalties when the work is resold.

Mintable: Mintable is an emerging NFT trading platform with a gas-free NFT casting function. At the same time, after the transaction is completed, both buyers and sellers will receive "voting rights NFT", and users can use this NFT to participate in project community governance. Currently, Mintable has announced that it has received investment from NBA Dallas Mavericks owner and billionaire Mark Cuban.

collect

collect

Key projects

Key projects

NBA Top Shot: As a leader in the collection track, the NBA Top Shot based on FLOW has been officially launched for only half a year, and has created a historical turnover of over 320 million US dollars, far exceeding the sum of the bottom 9 collections list. Become the fastest growing NFT project. Behind such a fast growth rate is the "blind box" gameplay, strong IP effect, official NBA authorization and star investment endorsement, etc. At the same time, compared with traditional star cards, NBA Top Shot reduces the difficulty of storage and the risk of counterfeiting, and enriches the performance of star cards and other factors that also attract collectors to a large extent.

CryptoPunks: CryptoPunks is the first experimental NFT application on Ethereum, with a total of 10,000 NFTs, each of which is unique. Larva Labs, the development team of CryptoPunksd, can give away 10,000 for free at the earliest, and users only need to complete it, which also makes it usher in a short-term boom. However, due to the lack of richer transaction methods and web browser wallet plug-ins compatible with Web3 applications, CryptoPunks has been shelved. Nevertheless, the current CryptoPunks seem to be ushering in a Cambrian explosion. As of now, the historical transaction volume of CryptoPunks is as high as 98.848 million US dollars, the number of buyers is 10,286, and the average selling price is nearly 54,000 US dollars.

Hashmasks: Hashmasks is a digital art collection project created by more than 70 artists around the world. The total supply is 16,384 NFTs, and each one is a unique personal portrait. Users can purchase these portraits and name them. At the same time, each work has 5 kinds of scarce elements, with different degrees of scarcity, and Hashmasks will be drawn through the random mechanism on the chain. The auction method of Hashmasks is also very special, by adopting the blind box auction method, and the auction price also adopts the bonding curve model.

Hashmask is another popular product after NBA Top Shot. According to Nonfungible.com data, the current total transaction value of Hashmask is 4.81 million US dollars.

CryptoKitties: CryptoKitties is a collection game launched by Dapper Labs in 2017. Players can buy, sell and breed different breeds of virtual cats, which once paralyzed the Ethereum network. At present, the total transaction volume of CryptoKitties exceeds 41 million US dollars, the number of buyers is as high as 96,390, and the number of sales exceeds 2.85 million.

game

game

Key projects

Key projects

F1 Delta Time: is a blockchain game licensed by Formula 1®. All cars are officially licensed by Formula 1®. The NFT in the game includes unique cars, drivers, car parts, driver equipment or tires, etc. .

Of course, all racing NFTs can also generate tokens REVV through staking, which can be used as currency in brand racing games produced by Animoca Brands, and the amount of rewards will depend on the number of racing NFTs pledged by players. Ratio and rarity weight. The strong endorsement of the official authorization and the novel gameplay have made F1 Delta Time highly sought after. Even the NFT giant whale collector Metakovan once bought an F1 racing NFT for $110,000. According to data from Cryptoslam.io, the total sales of F1 Delta Time exceeded 1.6 million, and the number of buyers exceeded 400. It is worth mentioning that REVV, as an ERC-20 token developed by Animoca Brands for brand racing blockchain games, supports two upcoming blockchain games MotoGP and Formula E in addition to "F1® Delta Time" .

Axie Infinity: Axie Infinity is an NFT game similar to Pokémon, which collects and raises various creatures. Players can earn tokens through the game for profit.

According to Cryptoslam data, Axie Infinity ranks 6th in the total transaction volume of the NFT collection market, exceeding US$10 million. Previously, 9 pieces of its virtual land were sold at a high price of 888.25 ETH, setting a record for the highest sale price of virtual land in all blockchain games. Not only focusing on NFTs, Axie Infinity has also partnered with DeFi lending protocol Aave to launch limited edition NFT sets.

Key projects

NFT+DeFi

Key projects

MEME: MEME was once a fictional project created by ConsenSys developer Jordan Lyal to satirize the DeFi bubble. Only a few hours later, the MEME token was created and airdropped for free, attracting public attention. Now MEME has been transformed into an NFT decentralized platform for farming. Users can earn pineapple points by pledging MEME tokens, and then use these points to redeem limited edition NFT collection cards. Each NFT collection card is made by a famous encrypted Artist draws. It is worth mentioning that Jose Delbo, a famous cartoonist and author of DC "Wonder Woman" comics, also created the "MEME Man" NFT.

DEGO: DEGO can be understood as an "NFT + DeFi" aggregator. Through a modular design concept, various elements of existing DeFi products are combined like Lego to form a subsystem with specific functions. These subsystems are combined with other modules as common modules, helping users to diversify their investment portfolio. At the same time, DEGO also launched NFT mining. Users can obtain NFT collections by staking DEGO, and holding DEFO can also participate in mining, dividends and governance.

Yinsure.Finance: Yinsure is an NFT insurance project initiated by YFI founder Andre Cronje, underwritten by Nexus Mutual, and the policy will be tokenized based on the NFT format. The product consists of three core parts: Underwriting Vault, Insurance Vault, and Claims Governance. The insurance service of the insurance vault is provided by the liquidity provider (LP), but the related fees can be obtained as income. The first insured vault to go online is USDC, and the first insured vault to be provided is yUSD (wrapped yCRV) assets in yVault. Currently, the insurances supported by Yinsure include Balancer Labs, Compound, Curve Finance, Synthetix and iearn finance, etc.

Of course, Yinsure's NFT policy users can not only hold, but also trade or participate in mining in the NFT market.

CryptoWine: CryptoWine is an encrypted painting inspired by wine bottles. Players can randomly obtain NFT collectibles in the pledge pool by participating in the governance token Grap mining. After the player gets the Crypto Wine, he can freely trade or collect it, and both casting and trading CryptoWine will charge a handling fee for the prize pool and artist rewards.

Since each NFT collected has its own score, the player's final ranking will be calculated based on the brewing scores obtained by pledge and the number of collections. The first place will get 1/2 of the prize pool, and the second place will get 1/2 of the prize pool. 4, the third place will get 1/8 of the prize pool, and the other 1/8 will be distributed to each artist who provided the work according to the number of creations.

NFTfi: NFTfi is a P2P version of the NFT mortgage lending platform launched in February 2020, allowing borrowers to put their own NFTs on the market as collateral, and lenders to quote NFTs. When the borrower chooses a loan, he can receive the lender's wETH or DAI (only two assets are currently supported), while the mortgaged NFT is locked in the NFTfi smart contract until the borrower pays off the loan within the time limit . In this process, NFTfi will charge lenders 5% interest income as a handling fee.

This method of NFT mortgage lending has also received investment from big names in the NFT field, including Dapper Labs CEO Roham Gharegozlou and The Sandbox COO Sebastien Borget.

MORK: MORK is a community token issued by the famous encryption artist Hackatao, which is mainly used to motivate community members, encourage NFT purchases, etc. Users who hold 500 MORK can also join the exclusive Hackatao Discord channel. In this channel, MORK holders can discuss art with Hackatao, and also get real-time updates of Hackatao’s ongoing and newly released works, professional research and analysis of the encrypted art market, and even cooperate with Hackatao.

Seascape: Seascape is a game platform designed around the DeFi and NFT economy. Users can obtain income from the game by staking. The goal is to enable users, developers, and stakeholders to play, earn and share experiences in an incentivized way.

Aavagotchi: Aavagotchi, created based on the DeFi lending protocol Aave, is an NFT digital collection combined with DeFi, which is generated by staking various supported ERC-20 tokens. A series of functions introduced by the Aavegotchi ecology include token staking, dynamic token rarity, rarity mining, and game mechanics managed by a decentralized autonomous organization (DAO).

music

music

Key projects

Key projects

Key projects

social token

Key projects

WHALE: WHALE was issued by the NFT whale WhaleShark in May 2020. It is a token issued with its NFT as an indirect support. Players can pledge valuable NFT as collateral to obtain WHALE tokens. These NFTs will be stored in The Vault of WHALE and managed by Whale DAO. WHALE holders can also purchase or rent NFT works in The Vault.

B20: In December 2020, the NFT fund Metapurse purchased 20 collections from "Beeple Everydays: The 2020 Collection" (2020 annual works) at the auction of the encrypted art trading platform Nifty Gateway for US$2.2 million, and then Metapurse issues B.20 tokens with these 20 works of art as price support.

Key projects

virtual reality

Key projects

land"land"transaction history is recorded on-chain. At the same time, Decentraland also has three types of applications: art galleries, virtual parties and virtual meetings.

Its token, MANA, can be used to buy real estate and other items in the virtual world, such as artwork. Among the new currencies previously invested by Grayscale, MANA is one of them.

Key projects

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.

domain name

Key projects

Ethereum Name Service: Ethereum Name Service is a distributed, open and scalable naming system based on the Ethereum blockchain. Similar to DNS resolving domain names into IP addresses, ENS is responsible for resolving Ethereum names into Ethereum addresses. Once you have an ENS domain name, you can point it to any resource, and you can create subdomains, similar to Internet domain names.

Unstoppable Domains: Unstoppable Domains is a scalable, distributed and open naming system based on the Ethereum blockchain, which has been supported by Draper Associates and Boost VC, and has received funding from the Ethereum Foundation and the Zilliqa Foundation. Unstoppable Domains offers users the opportunity to host sites on the Ethereum and Zilliqua blockchains. Accessing these sites is also simple for those unfamiliar with blockchain. Users can navigate to different parts of the decentralized Internet simply by adding .crypto or .zil (like .com) to the corresponding Unstoppable Domain.

On the whole, the current popularity of the NFT track is obvious to all, but aside from the story of the overflowing wealth effect, what exactly does NFT bring to the public? In fact, in the real world, non-homogeneity is a norm, such as food, clothing, housing and transportation, so the NFT market is very large. But why was NFT initially considered a niche in the blockchain world and a rapidly emerging track? The main reason is that NFT at this stage is just a toddler "baby", which can only support basic low-frequency transactions and operations, such as most card collections, digital art transactions, etc., and it is temporarily unable to support a full-fledged Highly liquid and scalable market entry. In the future, only when the underlying infrastructure can truly support the opening of high-performance functions, can NFT be used in games or in the larger business world.

In short, although a short-term bubble will stimulate the development of the NFT track, all markets have cycles, and no one can predict when the bubble will be burst. But it is undeniable that the NFT track has a promising future.