What is the best NFT industry? Twelve Points That Make The Next Generation NFT Market

NFTX, Universe, Shoyu, Showtime, OpenDAO and now LookRare.

More and more NFT companies are coming to the OpenSea "lunch" or joint venture. To be honest, this wave is just the start, as the NFT ecosystem is still in the early stages of development.

That being said, I expect more business in the years to come, and this forecast got me thinking about what my personal NFT industry will look like as a filter of this generation.

Therefore, this article introduces 12 “pillars” that, when combined, can form an important foundation for the next generation NFT market.

12 key concepts of an effective Web3 NFT

1. Foundation = Open Source Protocol

The basis should be an open-minded process of opening up so that anyone can use, branch off, or create a store. Current examples of these rules include the Zora and Rarible protocol, models that can advance many communities.

2. Use the open source NFT API indexer

NFT indexers are essential in providing instant access to NFT data. However, private label NFT indexers have the disadvantages of private label. My best bet would be to use open NFT APIs like the ones currently being developed by Muse DAO and the Rarible protocol.

3. Retail sale by manufacturers

Instead of creating shared contracts, users can send their stores based on smart contracts over which they have full control. Manifold Studio and Zora's DIY auction house system grew out of this. ~

Photo de Manifold Studio

4. Promote integration

Promoting NFT Debt Chains to all corners of the cryptocurrency market will face some challenges, at least initially. However, we hope to see virtual business centers supporting value chains for maximum efficiency. It's a service like Royaltyregistry.xyz from Manifold that can help you. ~

5. Support for multiple purchases, sales, listings and auctions

Whereas NFT platforms have placed users in a "one-to-one" business style. Suffice it to say it would be fantastic, as many NFT authors and traders want to be able to work on a large scale. Here it is likely to rely on commercial aggregators such as Genie and Gem, or NFT treatment protocols such as NFTX. ~

6. Casting NFT flexible

The market should support “lazy advertising” where manufacturers can sell their NFTs without an exchange rate. This paves the way for people to get cryptocurrency without them in the first place. For example, the Rare protocol supports slow transmission for 1/1 ERC-721 and ERC-1155 NFT versions. ~

7. Simple NFT files

It would be nice to be able to post NFT in a fraudulent environment and choose a data storage facility, such as Arweave, IPFS, Filecoin or a combination.

8. L2 multi-channel support

Give people choices. The easiest way is to support the broadcast / NFT activities of EVM compatible chains such as alt-L1, L2 and side chains. Combining a wallet-style MetaMask browser with an extension process like Hop makes it easier to move these strings. Plus, carrying an executive order for L2 through a service like Ramp is a surprise. The idea is to allow users to publish and sell NFTs cheaply, what they want and what they want.

Photo credit: Logan Craig

9. Have a place to do business

Of course, this happens upstream, but for this business it would be nice to have an NFT trading hub. It will be a forum like a forum where people can discuss and contribute to NFT activity. Marketing can be done in the background using tools like the Sudoswap protocol and Sudoswap's new anti-phishing code system. ~

10. Reflection

How best to reduce “patriarchy” versus shifting jobs to “existing communities” remains an open question. In other words, how can the end users be more productive and rewarding than the participants, and not the whales who were the first to do so? A project where you can get good answers here is worth checking out.

11. Muaj zog analysis dashboard

Currently, most NFT department stores have stats dashboards, but usually don't have much to look for, so you need more. One of the great benefits of front-end marketing is the availability of a statistics site that can do a lot of research.

12. Optimized search and control function

It's easy to say, but having the new NFT and front UI that makes it easier to find items would be an added bonus. We also recommend giving users the ability to configure general content and manage content at the top level.