Content
According to a report from Dappradar on February 2nd, in January 2021, Ethereum's NFT field transactions have increased from USD 3 million in December 2020 to USD 33 million, an increase of more than ten times. Judging from the current data, the development speed of the DEFI and NFT industries, which are still in their infancy, has exceeded imagination in 2020, which is jaw-dropping.
In fact, NFT entered the public eye several years ago and became popular for a while. CryptoKitties, launched on November 28, 2017, is an Ethereum-based game similar to electronic pets that allows players to buy, sell and breed digital cats. It can be said to be one of the most popular applications of NFT so far. Within two weeks of its launch, it quickly had more than 150,000 users and $15 million in transactions. A digital meow was sold at a price of 170,000 US dollars, which caused a viral sensation and attracted the attention of the world and countless players entering the arena. More importantly, it also made more people and institutions realize that, Blockchain does not only represent cryptocurrency, but an advanced technology that can be used in more industries and offers more possibilities.
In 2020, with the boom of DeFi, various projects are booming, and NFT has once again returned to the public eye.
Pranksy, a 29-year-old NFT collector, quickly earned $9 million with just $600. The wealth code behind the ultra-high return rate of 15,000 times is the rapidly popular NBA Top Shot this year. Pranksy has nearly $7 million worth of The NFT collection comes from the digital version of the star card on the platform. NBA TOP Shot is a kind of NBA star card NFT, which has been obtained by Andre Iguodala, JaVale McGee, Spencer Dinwiddie, Garrett Temple and Aaron Gordon. Star support. To
Since the advent of CryptoKitty in 2017, nearly tens of thousands of NFT collections have been minted, circulated, and traded in the hands of users, most of which are games, cards, online domain names, and encrypted artworks. With the continuous breakthroughs in the transaction volume of NFT projects, the NFT market has also ushered in unprecedented attention.
OpenLand relies on blockchain technology, the interactive form and trust mechanism of smart contracts, and the online mapping integration solution of NFT, which connects the ecological applications in the collections under the chain, and builds a set of authentication, identification, custody, warehousing, collection, transaction, A complete physical NFT ecosystem. The underlying protocol is supported by high-security technology. The product form is mainly based on the NFT on the physical asset mapping chain, with additional DeFi ecological products. The physical mapping NFT DeFi system built by OpenLand will become an important subdivision component of the Web3.0 decentralized network era.
OpenLand builds a decentralized financial facility with cutting-edge DeFi ideas through a unique governance mechanism: Land.Farm & Land.Finance. The first physical asset NFT included in Land.Farm is a "blockchain technology commemorative stamp" based in the field of stamp collection. Each set of stamps comes with an NFT exchange hash. Users holding blockchain stamps can log in to the OpenLand platform. Perform stamp NFT mapping, and participate in subsequent NFT transactions, Land.Farm mortgage, mining, liquidity mining and other functions to obtain collectibles holding income. The mapped NFT will become the user's identity in the blockchain world .
After OpenLand maps the physical asset mapping NFT to the blockchain, it provides a trading vehicle for the stamp NFT by building a decentralized NFT exchange with high stability and liquidity; by building an AMM-based automatic market maker system DEX for stamps NFT transactions provide complete liquidity.
In the future, OPENLAND will regularly launch more physical NFT products based on the governance vote organized by the DAO. As the OpenLand platform releases more and more NFTs, a new generation of creators and collectors will create "value collections belonging to this generation" "In the future, all physical objects of value will also shift their focus to NFT, which will realize physical storage on the chain, digital asset transactions, etc., and OpenLand will strive to build the world's largest NFT+DeFi ecosystem.