If you want to select the annual keywords of the encryption industry in 2021, NFT must be on the list.

The wave of NFT stocks is in the ascendant, gradually breaking through the circle, moving from the small circle to a bigger stage. More and more celebrities and collectors participate in and invest in NFT, which will drive more and more incremental users to enter the market.

A large number of NFT trading platforms have also emerged as the times require. However, most platforms only serve long-tail NFT projects, and do not provide convenience or value for user transactions. Looking at the current emerging NFT trading platforms, there are only a handful of them that are user-friendly and select high-quality projects.

Among many platforms, Ouyi's decentralized NFT market, as a rising star, continues to innovate and become one of the most popular NFT platforms in the industry.

Ouyi NFT MarketIt is a one-stop decentralized trading platform focusing on the NFT field. It supports multi-chain assets including ETH and OEC. It features decentralization, zero handling fees, and supports Loot splitting functions. Box, Mint and other playing methods have attracted our attention.

Today, Odaily will focus on the Ouyi NFT market, and at the same time take stock of some emerging NFT projects on OEC, hoping to help users gain insight into the industry and embrace the NFT wave.

1. Precise attack on Ouyi NFT market to solve market pain points

The size of the NFT market is growing explosively.

Data show that in the third quarter of this year, the total amount of NFT transactions exceeded US$10 billion, a quarter-on-quarter increase of 704% and a year-on-year increase of 38,060%. Recently, the total transaction volume of OpenSea, the largest NFT trading platform in the encryption market, exceeded 10 billion US dollars, setting a new record again.

In addition, more and more out-of-circle traffic is pouring into the NFT track. NBA star Curry, entertainment star Shawn Yue and many other celebrities are fascinated by NFT. Domestic Internet giants (Tencent, NetEase, Ali, etc.) have entered the market one after another, issuing NFT souvenirs, which in turn led to an NFT craze on social media at home and abroad. The era of NFT for all and NFT for all things has begun.

However, the first threshold for many users outside the circle is that the threshold for NFT participation is relatively high, and novice users outside the circle do not understand DeFi and are slow to get started. In addition, most NFT trading platforms are overseas websites, and both the tutorials and project introductions are in foreign languages, causing troubles for some domestic users and reducing the enthusiasm of users to learn to a certain extent.

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DeFi Hub series of articles

low cost

low cost

In addition, for many veteran NFT players, high transaction fees also hinder user participation. Sometimes the price of an NFT on Opensea is 0.001 ETH, but the gas fee is more than 0.02 ETH ($100), and batch transactions are not supported, causing users to spend a lot of money. At the same time, Opensea also charges a 2.5% service fee for each transaction. Some popular NFTs are priced at hundreds of ETH, and buyers need to pay an additional cost of tens of thousands of dollars, which again increases transaction costs.

In contrast, Ouyi NFT market, because it supports the OEC public chain, can greatly reduce the cost on the chain. According to calculations, for NFT transactions on OEC, each transaction only needs to pay a Gas fee of about US$0.02, which is much lower than that of Ethereum. For popular projects, the cost advantage of choosing OEC to build and sell on the Ouyi NFT market can attract many users to participate.

In addition, compared with OpenSea, the Ouyi NFT market does not need to pay any service fees. The "zero service fee" measure is undoubtedly very attractive to users, and it can also be regarded as an important competitive advantage in the Ouyi NFT market.

technology leadership

In terms of functions, the Ouyi NFT market also supports the split of popular projects to reduce the barriers to user capital access. The splitting function not only improves the utilization rate of users' funds, but also inevitably brings new traffic to Ouyi.

For example, the prices of CryptoPunks and Loot soared before, which attracted the attention of outsiders. However, since a single project cannot be split and the price is high, it is difficult for ordinary users to participate in these top projects and share the growth dividend. Now through the splitting of the Ouyi NFT market, ordinary enthusiasts can also buy one percent or even one thousandth of the NFT fragments of the head project.

There is a view in the industry that the popularity of Loot marks the coming of the NFT2. 0 era. A bottom-up NFT paradigm shift initiated by Loot has also completely opened up the creativity and imagination of community-based NFT. Loot releases the potential of composability between words, creating more possibilities for the future Loot ecology. The Ouyi NFT market supported this openness technically for the first time, leading the market to launch the split and merger of Loot.

It is precisely targeting and solving the pain points of the market that the Ouyi NFT market can suddenly emerge and become one of the hottest NFT platforms.

2. Link multi-chain ecology and select popular assets

In addition to solving market pain points, the Ouyi NFT market has also selected a wealth of NFT assets for the majority of users, covering popular avatars, well-known artworks, popular chain games, metaverse projects and other subdivided tracks.

Specifically, these NFT projects can be divided into popular Ethereum assets and OEC native NFT assets.

Since mid-September, more than 50 popular projects including CryptoPunks, Loot, Bored Ape, Art Blocks, The Sevens, Mutant Ape, The n project, Bloot, and Meebits have landed on the Ouyi NFT market. Ouyi NFT Market View and trade related NFT.

Taking Cryptopunks as an example, the Ouyi NFT market shows the price and highest bid of Cryptopunks on the entire network. Users can choose to "bid" or "buy" and make a direct transaction. All transaction information between buyers and sellers will be synchronized across the entire network, which is more convenient and The cost is lower. In contrast, due to the particularity of the Cryptopunks contract, purchasing Punks on Opensea can only jump to the Cryptopunks official website.

In addition to selecting popular Ethereum assets, some high-quality projects on the OEC chain have also landed on the Ouyi NFT market. For example, Blade Warrior, the first metaverse game on OEC, released Genesis NFT on the Ouyi NFT market, with a maximum price of 1999 USDT; another GameFi game, Celestial, sold a limited edition battleship NFT with a maximum price of 39,999 USDT... There are many projects. Basically, those who choose to start the Ouyi NFT market have achieved good wealth effects in the end, and have also set a benchmark for subsequent projects.

In addition to the above two projects, there are some representative projects that have entered the Ouyi NFT market, and Odaily organizes them into the following figure:

For NFT project developers, if you want to join the Ouyi NFT market, you can also click "Become an Issuer" in the primary market to contact official personnel for project issuance cooperation.

The Ouyi NFT market has a short development time and currently only supports the assets of the two chains of Ethereum and OEC. As other public chain ecological NFT projects mature, the Ouyi NFT market may also include these new ecology in the future.

3. Diversified gameplay, bringing forth the new through the old

In addition to making efforts on the asset side, the Ouyi NFT market is also innovating in the gameplay of the primary market, enriching the choices of users.

The first way to play is Primary sales.Primary is a trading platform that helps high-quality projects, artists and stars to issue NFT assets at the first level. Through Primary, users or players can buy NFT before it flows into the secondary trading market, so as to obtain a better entry price or the priority right to experience the project earlier. To put it simply, Primary is an early bird exclusive for NFT, and users can obtain artworks with low prices and high growth potential.

For example, the dynamic card NFT of the former UFC middleweight champion and the world's best MMA athlete Anderson Silva (Anderson Silva) has been sold in limited quantities in the Ouyi NFT primary market.

A total of 13 items have been sold through Primary in the past two months. Among these series, my personal favorite is "2021 Coinllectibles Integrating NFTs Prestige Bronze Series", players can buy NFT to obtain the ownership of physical enamel porcelain artwork; there are three pieces in total, and the highest transaction price is 134,000 US dollars.

The second way to play is blind box.Players buy boxes with unknown attributes and randomly draw out NFTs, which may be rare grades or common grades. The advantage of this game is that it can be small and big, but there is also a risk of loss. At the same time, for users outside the circle, the form of blind box is more interesting and easy to understand.

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Comparison of Kollect blind box and secondary market sales data

The third way to play is the Mint function.secondary title

Summary: New Platforms, New Opportunities

Overall, the Ouyi NFT market has both primary and secondary market functions, which not only lowers the threshold for users to participate, but also gives creators greater flexibility in generating income.

In addition, with the help of OEC's powerful technical performance, the Ouyi NFT market can continuously reduce the interaction cost of NFT users; the "0 service fee" policy is bound to challenge the old order of NFT transactions; the unique spin-off function also allows users to efficiently participate in popular NFT assets.

As the encryption ecology matures, OEC, as an emerging public chain, will also gain a new round of explosive growth, and the Ouyi NFT market will also become a gathering place for many high-quality NFT projects on public chains such as OEC.

New platforms, new opportunities, whether the Ouyi NFT market can shake the competitive landscape of the NFT market, we will wait and see.