The NFT Funding Game that attracts tens of millions of dollars-deep analysis of Hashmasks

An interesting digital art collection project, Hashmask, has caught my eye. The mining concept of the NFT + blind box + continues to stir the emotions of the Fomo people. This edition will introduce you to Hashmask's exciting gameplay.

On February 1st, an exciting digital art collection project, Hashmask, caught my eye. The mining concept of NFT + blind box + continues to arouse Fomo people's emotions. This edition will introduce you to Hashmask's exciting gameplay.

Hashmask literally translates as "Hash Mask". More than 70 artists worldwide have created 16,384 unique portraits. Users can purchase these portraits and name each painting. The name is also unique. The project team hopes that the image + name can become a unique status symbol for users in an encrypted world, and will be permanently stored on the blockchain.

The main gameplay is divided into the following two types:

(1) Blind box curve auction

16384 works currently being auctioned. Auctions are pure blind box games, some of which are rarer and higher in value, but users don't know which one they will get when auctioned, and it will be announced 14 days after the auction ends.

The auction price is also quite innovative. The curve auction often used in the Defi project was adopted. The specific prices are as follows:

The earliest 3000 NFTs were sold at 0.1 ETH, then prices gradually increased. Two days after launch, the auction price had already hit 1.7 ETH, and there was still an influx of people. Currently, the NFT price is sold here. the project has entered a single file 1.7 ETH, with a total of more than 7000 ETH revenue, worth nearly tens of millions of dollars.

(2) NCT (Chage Name Token Mining)

Purchased hashmasks cannot be sold at this time, but they are not worthless. Buy nft can immediately get 3660 NCT. In addition, each NFT can get 10 NCTs per day after being officially launched for 10 years.

The only function of NCT is to change the name of the Hashmask you buy. Hashmask rarity comes from two aspects, namely the distinctive features of the image itself, and the other the name. All names must be unique and must not be repeated, just as domain names are rare. 1830 NCT can be used to change Hashmask name once. The NCT that was used to change the name will be destroyed.

In the vision of the project party, with NCT's constant destruction, the names of all Hashmasks can no longer be changed, and the artwork will be completed. The project advises users that you will not only buy art, you will also be part of the artwork, and the Hashmask you buy will become your unique identity certificate.

(3) Teacher's Comments

Hashmask is a new and fun art game, but I don't currently recommend users to participate. First of all, the price of Hashmask's blind box has gone up to 1.7 ETH, and the NFT itself is relatively liquid. If not a rarer variety, it is difficult to sell back on capital.

On the other hand, the total number of NCTs is 16384 (total number of Hashmas) X 10 (number of Hashmasks generated per day) X 365 X11 (10 years + 1 year bonus) = 557 million. Currently the price is also skyrocketing. The fully circulating market value exceeds 130 million US dollars and tends to overheat.

I did not personally participate in the Hashmask purchase, but in the morning when NCT prices were low, bid a little and then made a profit of 40%. However, since the current price is clearly overheating and serious selling pressure, it is already making a profit.

Although Hashmask itself does not stand a good chance of participating, its popularity indicates prosperity or the arrival of the NFT sector. We look forward to the continued emergence of new NFT gameplay. I will also deepen this field and lead everyone together to become the DeFi and NFT field. Number one player.

Disclaimer: The data in this article are based on public information, and do not guarantee the accuracy or completeness of the information. This content is not investment advice, please be aware of the investment risks!