Recently, NFT has entered a hotter stage than DeFi. An NFT collectible game NBA TOP Shot developed by Dapper Labs has become the most "out-of-circle" encrypted project in this boom.
According to data from the NFT collectibles statistics website CryptoSlam, in the past 30 days, the total turnover of NBA TOP Shot exceeded 140 million U.S. dollars , an increase of 1138.19% , which has surpassed CryptoKitties and ranked first among various NFT collectibles. 26,505 buyers and 20,807 collectors.
In other sectors, in the past 30 days, the total turnover of CryptoPunks exceeded 59 million US dollars, an increase of 1573.64%; the total turnover of Hashmasks exceeded 31 million US dollars.
Up to now, the transaction price of a pair of CryptoPunks No. 6965 NFT collectibles is as high as 800 ETH, and the actual value has risen to 1.545 million US dollars, becoming the most NFT!
The era of encryption art accelerates, and NFT has become the ultimate new tool for Internet art creators to determine their own artistic destiny.
Before exploring the meaning of far-reaching impact, let us understand why NFT will raise the level of art in a far-reaching way.
(1) Encryption art that cannot be forged . Every piece of art created is always recorded on the blockchain (including owner, transaction and other information), eliminating all doubts about authenticity and legal ownership, and can be displayed in a novel interface through a variety of novel ways Said.
(2) More transparency and better scarcity of goods . The traditional art world is full of the trouble of not being able to review limited editions and artist certifications, but Crypto Art has solved this problem, allowing the public to understand the value of transparency and scarcity in real time.
(3) Portability and mobility . Encrypted art can be transferred between everyone in a few minutes and listed on various markets at the same time. As long as these assets are displayed on the blockchain, they will have a large amount of exposure traffic.
(4) The opportunities for elite management and artists are increased by 10 times . Gone are the days when you need to be affirmed by a specific art critic or need to obtain a degree from a specific art school. Talented artists from all over the world create a work in a specific market and have an equal chance of being discovered, regardless of industry conditions and The constraints of gallery affiliation.
(5) Transform the economic model for artists through NFT contracts . Artists can automatically sell a certain percentage of their works on the secondary market forever. For example, artists can obtain more than 80% of the proceeds from the first auction (depending on the market used), plus 10% to 15% of each transaction for re-sales, and their works can continue to grow in value and transaction volume Grow and pass on from generation to generation.
(6) Unlimited creativity . Bringing more digital experiences into the art world will release a new kind of creativity that the art world has never fully appreciated. The seemingly novel exploration of algorithms and multimedia mashups will go hand in hand with any other encryption art. .
(7) Encryption art is art made for the future . Whether it is the digital world and games that are frequently used at present, or in the living room and peripheral vision of ordinary families, the new generation of art is made for the future of people.
What's next?
Just like what Uber does in transportation and Airbnb in hotel accommodation, blockchain is changing and expanding various art and digital experience markets. The unique difference brought about by this digital transformation is that it gives creators more power than intermediaries in their careers.
Imagine buying an NFT asset and an encrypted artwork. Not only can you obtain and commemorate it in digital form on the blockchain, but it also allows you to obtain real-world assets and experience. NFT makes you the owner and unlocks one Series rights, from Snap filters to Fortnite skins.
At present, high-quality NFT projects represented by CryptoPunk and NBA TOP Shot have gained further value recognition in the market, and the market is booming. In the future, new paradigms will continue to emerge in the NFT market!
Note: The content of this article is for learning reference only and does not constitute investment advice.
Great review and explanation of how NFTs work. See my latest post for details of new genre of NFT artwork!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit