Hello everyone, I’m here again to give a good review about a good project with great team. As you have known earlier before now, my review is always based on good, great project that will benefit every investors and community member. This is another outstanding project which is different from every other existing project of its kind. I know you must have been wondering and asking yourself right now which project caught my attention, which project really worth this great review. Now have a seat and read through the whole write up line by line.
Before I go into full details of the project I would like to give simple information about the backbone of this project which is Blockchain technology. Blockchain technology is a ledger where all crypto-currency transaction are recorded and kept.
Transactions have recorded improvement over the years through the introduction of blockchain technology in various sectors. Part of the benefits of blockchain technology include; Improved Security System, Improved Efficiency e.t.c
What is Network Punk?
The Punk Network is a new network based on blockchain technology. This network creates a new systemic framework for non-functional tokens (NFTs) and allows content creators and communities to interact with each other. The Punk network system allows anyone to launch their own NFT marketplace with easy and efficient setup. It empowers the NFT marketplace users want without having to build it from scratch with code and integrates the Substrate POS consensus that maximizes security and efficiency, Xircus Network simplifies the entire process in just a few minutes. a few steps and provide an easy-to-use network for everyone. The Punk Network is the solution to today’s unhealthy content market,The NFT network, powered by itself, developed by the Punk Network team, provides a robust system with an implementation of cutting-edge Blockchain technology implemented through smart contracts in its structure. This web-based system allows content creators to get a fair share of the content they create and is guaranteed by the System Marketplace for New Content. The Punk Network simplifies the process of creating an NFT marketplace for everyone with just a few steps that don’t require in-depth programming knowledge. It allows for wider mass adoption, especially of NFT, to be realized in the global content market. Users can build their desired market through smart adoption integration. Unique contracts help reduce the cost and time required. Customize and customize as you see fit with a flexible main chain implementation. Future,
Present Status
NFT-type assets will likely become the closest type of decentralized assets to the public in the history of the blockchain industry. As a result, they are widely considered to have unlimited potential.
This is because such assets are easier to understand and accept by the market than disruptive standardized tokens (especially circulating tokens). In essence, it is the technological upgrade of alternative assets (such as artworks and collection cards) defined by traditional finance, and new forms and vitality are released based on the innovation of the underlying technology.
For example, NBATOPSHOT is NBA trading card that issued in blockchain, and NBA trading card is a type of asset that is well-known in North America and has global influence; Encrypted art is not only the on-chain issuance of artworks, but also becomes an emerging art genre because of its special characteristics.
There is no doubt that the current NFT market is popular, however, it is still a capital-driven market currently. A large amount of hot money has poured into the NFT-type assets, the recent leading concept in the crypto world, making NFT a phenomenon-level investment hotspot.
It is also undeniable that the NFT industry is still in the infancy-stage. Regardless of the number of asset types, public awareness, types of business and related supporting facilities, various indicators need to be improved urgently.
We believe that the development of NFT assets still require more sustainable foundation, and we are looking forward to a NFT network ecology which has a long-term investment and application value, and it is capable of crossing bull market and bear market. Punk.Network was born for this purpose.
Punk.Network hopes to achieve the following goals:
A better experience, such as faster transaction speed, lower transaction fees, and a more friendly asset generation and transaction process.
Enhance public awareness and acceptance of NFT-type assets.
Create a deeper connection with the traditional alternative assets (such as art and collective trading cards) industry and expand more possibilities.
Expand more financial services of NFT-type assets.
Next, this article will introduce Punk.Network from multiple dimensions, including mainnet technology, DApp ecosystem construction, development team and partners, token logic, etc.
Our Features
Let’s Build On Punk and be the Part of Metaverse!
NFTCastle
NFTCastle.io aims to build the world’s largest, most ecologically rich and technologically powerful trading platform for NFT artworks and their financial derivatives.
Learn more http://nftcastle.io/
CyberSpace
CyberSpace is an on-chain museum that will take on the two main functions including NFT artwork display and collector exchange.In CyberSpace, we will continue to display NFT works by emerging artists and new works by artists contracted with NFTCastle.io, making it the largest online gallery and museum in the online world.
Coming soon
CyberPledge
NFTCastle.io is committed to vigorously develop NFT-type asset finance and derivatives, and maximize its financial potential. Art pledges are very sophisticated financial instruments in the real world. Because NFT cannot be split and their circulation properties are relatively low, mortgage loan has become a real demand.
Coming soon
CyberSpecial
A Specialized NFT issuance Platform.
In terms of the underlying technology, Punk.Network has been customized so that NFT assets can be issued as assets in StNFT (Standardized NFT) format.
Coming soon
Why is Punk.Network
Punk.Network is a high-performance NFT-friendly mainnet developed based on Substrate architecture with NPoS (Nominated Proof-of-Stake) as consensus mechanism.
NFTCastle.io, an NFT trading and financial platform developed on Punk.Network, integrates diversified financial services, such as NFT-type asset mortgage loans, StNFT (standardized NFT) and SynNFT (mortgage casting NFT) issuance and transactions.
Punk.Network also reached a strategic cooperation with CMGE Tech Group Ltd.,(00302.HK), and obtained the exclusive authorization of its flagship game “Red and Blue” as a leading product to expand the NFT game market;
Punk.Network’s native token, Punk, it can not only to be set as the currency token for the mainnet, but also the equity currency of NFTCastle.io.
The founding team members of Punk.Network have experience in blockchain technology development, investment incubation, game publishing and promotion, art collection, auction and curation, project operation management, etc. The team is well-configured and has sufficient experience and successful cases in their respective fields.
Introducing a high-performance NFT-Friendly mainnet.
Today, we’re announcing Punk.Network, a new mainnet based on the Substrate architecture with NPoS (Nominated Proof of Stakes) as the consensus mechanism, which can accommodate a wide range of asset types, a large number of transactions and various type of smart contracts.
Punk is committed to provide comprehensive asset solutions for the virtual world, providing decentralized issuance, circulation and high-performance technical support for various types of contracts (legal, financial, contract, etc.) for diversified virtual assets (Fungible Token & None Fungible Token) to be applied to games, art and derivative mass scenarios, in combination with the highly autonomous DAO (Decentralized Autonomous Organization), it will become a diversified and futuristic electronic-cyber ecosystem.
Punk.Network is an active proponent of Polkadot ecology. It is the vision of Punk.Network to enable everyone to use Web3.0 blockchain technology efficiently and cost effective, and to enjoy the convenient services and cutting- edge ecological dividends it brings.
Artwork, gaming and IP(intellectual property) products are the three most important directions in NFT-type assets.
In the field of art, NFTCastle.io will be developed by Punk.Network founding team, aims to build the EWorld’s decentralized financial and trading platform for encrypt arts, including NFT transactions, mortgage loan and standardized issuance of NFT assets. NFTCastle.io has already integrated 100 Chinese artists and more than 30,000 works.
In the field of games, Punk.Network has also reached a strategic cooperation with CMGE(00302.HK). Its flagship trading card game “Red and Blue” will authorize Punk.Network to issue and sell assets exclusively.
In the future, Punk.Network will seek more cooperation, develops more high-quality assets and asset types, and organizes various exhibitions and events, and strives to expand its influence in the humanities fields such as art, games and IP products.
In order to create the highest quality utility and circulation ecology for NFT, Punk.Network has ca rried out creative designs, such a s supporting the STNFT(Standardized NFT) at the bottom of the technology.
In addition, Punk.Network has also designed ecological governance and token mechanism that is suitable to NFT network ecology. The native DApp developed by Punk.Network can achieve one-stop construction of NFT-type asset, DeFi smart contract products, DGAME smart contract game products and Prc-20 standard Token issuance.
What is Punk Token?
Punk is a native currency as a digital asset encrypted on the blockchain network using PoS Consensus and integrated with a smart contract with the future of their private network (PRC-20). This is the main currency that will be used in the Punk Network system becoming the main trading engine in their system. Punk Token is the backbone of the innovative NFT system, which differs from others in that it introduces a new, more innovative structure, especially in the NFT exchange, which is more efficient and unrestricted. Punk can be used for a variety of purposes, such as accessing limited features in the ecosystem, purchasing exclusive NFTs in the Punk system, and a few other cool features. Owners also gain greater profit potential as demand continues to grow steadily, especially in the global blockchain content market.
Punk.Network Token Format
· PRC-20
the rules include 6 operation and 2 event functions.
PRC-20 is the format of fungible token, and all token units have the same value and can be divided.
· PRC-721
PRC-721 is a standard interface for Non-Fungible Token (NFT), which contains 11 operation and 2 event functions.
Each Token is different and has its own uniqueness and unique value, this also means that they are indivisible and traceable.
· PRC-1255（St NFT）
PRC-1255 proposes to enable NFT assets to be issued as standardized assets in StNFT (standardized NFT) format based on the underlying technology. When an NFT asset is created, you can choose to split it into a specific number of StNFTs.
Punk.Network Road map
2020
Q3
Punk.Network is officially approved.
A strategic cooperation with Brilliant Games is reached.
The architecture design of Punk.Network is completed
2021
Q1
NFTCastle.io is officially approved.
Reached cooperation agreements with a number of artists.
Q2
Start private financing.
Deploy the Punk.Network test network
Completed Punk.Network token standard design
Complete the Punk.Network mainnet launch
Release NFTCastle.io Alpha version
Release NFTCastle.io Beta version
Start the development of GamePunkDEX based on Rust and apply for Web3.0 Grant
Organize Coserpunk events and Cyber Spring up NFT art exhibition
Q3
Release of NFTCastle official version
Completed GamePunkDEX V1 based on Rust
Building copyright confirmation and empowerment applications for artworks and game assets
Complete the DAO governance module, such as: authority classification, voting system, upper limit and lower limit of points
Q4
Expand Punk.Network mainnet performance, participate in Polkadot slot auction
Improve the function of NFTCastle.io and officially launch the CyberPledge
Launch ‘Project Massive Attack’ and seek cooperation with more high-quality NFT assets
GamePunkDEX V2 based on Rust format
2022
Start the global competition of DApp developer for NFT
Publish Punk.Network V2
Release NFTCastle.io V2 and GamePunkDEX V3
Contact Information
Website : https://www.punk.network/
Whitepaper : https://abc7a26e-0156-47a8-96cd-c27763efc4c0.filesusr.com/ugd/c83dc5_dfd89af0040e45768db07dee08c1b6b2.pdf
Twitter : https://twitter.com/Punk_Network
Facebook : https://www.facebook.com/PunkNetworkofficial
Telegram : https://t.me/PunkNetwork
Instagram : https://www.instagram.com/nftcastleofficial/
Reddit : https://github.com/punknetwork
Author
Forum Username: Tatank
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2463756
Telegram Username: @sonyZz
BSC Wallet Address: 0x0dc734919Fa5812f53EF71B1Cf040bE88d7675Ca