The NFT field will explode in the first quarter of 2021. The total sales of the top three NFT platforms from January to February rose from $7.1 billion to $34.2 billion. NBA Top Shot is a platform for users to buy or sell those officially licensed NBA digital collectibles. It has attracted wide attention from NFT, accounting for 67% of the total NFT transaction volume. Recently, Beeple's NFT artwork "Everydays: The First 5000 Days" was sold at Christie's for a record $69.3 million.
NFT is usually touted as having the potential to innovate games, collectibles, digital art and other fields, but it is still exploring its practicality. OKEx Insights checks in collectibles, virtual worlds, games, art and other fields based on total sales and sales. Among the top 9 NFT protocols, this article focuses on the following nine NFT protocols:
- NBA Top Shot
- Cryptopunks
- Hashmasks
- Sorare
- CryptoKitties
- Decentraland
- Rarible
- SuperRare
- Ethereum Name Services
- NBA Top Shot: Give NFT prime time
NBA Top Shot is the official licensed blockchain application of the National Basketball Association, created in collaboration with Dapper Labs and built on the Flow blockchain.
Each collection in NBA Top Shot contains a short video that records the wonderful moments in the game, and is accompanied by specific information, including game information, rarity, recent sales records, etc.
These "exciting moments" are sold in limited quantities every week, and are divided into several categories according to their rarity: "common", "rare" and "legendary". When the platform exits the beta version, an ultra-rare fourth-tier ultimate version will be launched, which includes only this pair of "Genesis" moments and three "Platinum" moments.
The popularity of NBA Top Shot has skyrocketed, and it ranks among the top in total sales in the NFT field. On February 23, the legendary moment of LeBron James in the Cosmic Series 1 Set sold for $208,000, which is the highest purchase price for the NBA Top Shot collection so far. As of the time of writing, NBA Top Shot has also received more than $427 million in sales, and its collections have been owned by more than 333,000 collectors. Looking ahead, "NBA Top Shot" is expected to introduce more features and games.
- Cryptopunks: Breakthrough in sales of cryptocurrency collectibles
CryptoPunks is one of the earliest NFTs, consisting of 10,000 unique characters or "punks". Each punk is owned by one person, and the ownership is recorded on the Ethereum blockchain. These punks were provided for free during the initial release, but they were quickly claimed and are now traded on the market.
Those who want to get punk can install MetaMask to connect to their Ethereum wallet, and then buy and sell punk on markets such as OpenSea.
The rarity of punk is based on its type, attributes and accessories. For example, males and females are the most common types of punk, while there are only nine types of alien punk. In addition, each punk has unique accessories, such as hats, glasses, etc. The value of each punk also depends on the number of accessories it has. Usually, two or three accessories are the most common, while the rarest punk has zero or seven accessories.
The explosive growth in sales and prices of CryptoPunks drove the surge in the NFT market in February. NFT data provider Cryptoslam revealed that CryptoPunks is the 16th place among the top 18 crypto collectibles sales, and CryptoPunk 7804 has hit the highest collection value so far with a price of 4,200 ETH ($7.8 million at the time of purchase).
- Hashmasks: a unique collaborative art collection
The Hashmasks protocol was initiated by Suum Cuique Labs in Switzerland and provides digital art collections created by more than 70 artists around the world. There are a total of 16,384 unique digital portraits (ie, "hash masks") on the Internet, and each character is unique in terms of its personality, mask, eye color, skin tone, and project.
Each hash mask is owned by one user at a time, and the protocol encourages user participation by letting the owner assign a unique name to each artwork. This is done through the platform's native token called the change token or NCT. Each holder can receive approximately 10 NCTs generated from their hash masks every day, and when they hold 1,830 NCTs, they can burn them and rename the hash masks on the Ethereum blockchain . The provenance record of each hash mask can be tracked through the Interplanetary File System.
The purchase price of Hashmasks fluctuates proportionally, so the earlier you buy, the cheaper the price. Users who participated in the initial distribution period also received 3,660 NCTs each, allowing them to make two name changes to their hash mask.
One of the main differences between Hashmasks and other NFT protocols is gamification. It incentivizes owners to hold their masks and receive tokens, which are then used to name the masks on the blockchain.
In addition, 12.5% of all Hashmask characters wear animal masks, while only 5.9% wear pixel masks. At first glance, the pixel mask seems to be more exclusive, but the unicorn animal hash mask is even more rare, with only 13.
Since the first distribution began in late January, Hashmasks sales have reached 4,004 owners, reaching 27,269 ETH (45 million USD). At the time of writing. The price of Hashmask#9939 is 420 ETH, ranking 12th in terms of cryptocurrency collections.
- Sorare: A fantasy football collection powered by Ethereum
Sorare, released in 2019, is a global fantasy football game that allows users to use digital player cards to buy, sell and manage virtual football teams. Each digital card in Sorare is an irreplaceable token based on the ERC-721 standard.
Since it is supported by blockchain technology, Sorare card owners can verify the scarcity and ownership of their cards and can transfer them freely. Each player card displays several attributes, such as rarity, average score, and experience value. The three types of rare player cards in Sorare include: rare, super rare and unique. Each player card has a unique version, 10 super rare copies and 100 rare copies.
To become Sorare’s football manager, users must first register their team and apply for 10 regular player cards. Then, they can form a 5-man starting lineup and earn points for the players' performance in actual football matches. Users can also participate in various competitions and get ETH rewards.
Sorare has obtained official licenses from world-class teams such as Real Madrid, Bayern Munich, Liverpool and PSG, and is therefore widely welcomed. The platform also recently raised US$50 million through Series A financing and partnered with Ubisoft to introduce the One-Shot League to their players. To date, Sorare has recorded total sales of 25,967 ETH and has more than 12,000 owners.
Damn wish this was published before writing my NFT article, I could have referenced your work, check it out if you have time and let me know what you think.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
sorry, what shoud i do for you?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit