OpaSea has been dealing with NFTs for a long time. Who will change it?

After OpenSea, which owns over 90% of the NFT market, announced its IPO plans, users became unhappy with the NFT trading platform, which started in the crypto space. Although users pay for all NFT transactions, the platform does not provide tokens in the form of DAO to reward users. This is incompatible with the Web3 product marketing concepts of user support.

There are also many examples of users losing their NFT assets from their OpenSea accounts, and the platform has also caused internal business discontent. Enterprise management is mature.

Some NFT trading platforms have already started their efforts. On January 10, LooksRare, a platform for marketing NFT products, announced that it would release its LOOKS token to OpenC consumers.

Also, compared to OpenDAO, which argued that "OpenSea is not inferior", Lux Lair has developed a great product and market for it, and many users have made a lot of business by copying it. It is undoubtedly a step forward for the competition against OpenSea.

According to data site Dune Analytics, 24 hours after Look Rare announced the airdrop on January 12, Look Rare made more than $ 275 million, ahead of OpenC's $ 160 million. The objective of airdrops is to provide more data from users involved in the NFT industry.

Currently, the packaging industry of LookRare has no impact on actual demand, but a platform other than OpenSea has emerged for users. In fact, before LookRare, there has always been NFT trading platform tracker competition, in this case, DeFi Honeycomb will monitor the best NFT trading platform products and performance.

LookRare NFT Trading Platform

introduction

LOOKS is an Ethereum based NFT trading platform. In August 2021, LookRare began planning and soliciting a community-driven NFT trading platform, delivering the slogan “From NFT People, to NFT People”.

The phrase "NFT users succeed, NFT users reward" matches the trading sentiment with OpenSea's unissued tokens. Lux Lair plans to introduce tokens not only to attract traffic, but also to reward platform revenue for users, NFT authors, and developers involved in trading. .

On January 10, LooksRare unveiled and announced plans for the aircraft on the LOOKS token platform. The amount you earn depends on your income in OpenSea.

LOOKS is the backbone of the Lux Lair platform, with total assets of $ 1 billion, and is often used to vote for administrative approvals, such as prize distribution, engagement revenue, and platform development.

Lux Rare official website

Nta platform

As an NFT trading platform, Lux Lair already has a simple operation and is not "forked" or "counterfeit". We hope this will be achieved through our efforts to define new business models for the NFT industry.

LookRare showcases a few other OpenSea features.

Reward the community with tokens - LookRare will reward, support and give back to platform consumers and NFT developers.

Instant Loyalty - OpenSea distributes invoices to developers every two weeks, and LookRare takes the time to pay the invoices. You don't have to wait weeks to get your developer code. As long as people are trading NFTs, manufacturers can benefit immediately. , royalties will be distributed to producers in the form of ETH rather than ETH packages, which will allow producers to save on the exchange of ETH and GAS costs.

Business Rewards - When users buy or sell NFTs on the subscription list on the LookRare platform, users can take advantage of the marketing benefits through LOOKS.

Shared Platform Revenue - On the LookRare platform, users pay a 2% fee to the platform for all NFT trades, which is 2.5% lower than OpenSea. LOOKS contracts can pay dividends on the platform at a daily turnover rate.

Now LookRare supports indexing of all NFT products on Ethereum, users can receive LOOKS rewards by purchasing NFTs on the platform, and they can also earn daily fees by sharing two LOOKS.

LookRare has made a lot of improvements to the community over OpenSea in terms of products and industry models, but it will still take some time to see if it can win the NFT business platform. . Finally, OpenSea has had many NFT products available over time, and users have grown in business.

With the new platform, LookRare also considered several ways to promote its NFT products. However, due to the large number of products driven by users, it could not be completed overnight and is still a major issue that is currently hampering the development of LookRare.

working files

According to Dapprader data, Lux Lair had 2,859 active customers in the last 24 hours, with revenue of $ 580 million, exceeding OpenC's market volume of $ 156 million to date.

SuperRare crypto art curation platform

introduction

SuperRare (RARE) is a former NFT industry leader developed by 2018 and based on Ethereum. Compared to OpenSea "anyone can create NFTs", SuperRare has higher demands on NFT performance. We put in some starters for the developers. For example, the artist must first apply for the platform. SuperRare performs weekly inspections and passes the inspections. Then.

While OpenSea uses a user-friendly approach, SuperRare opts for the best boutique options, usually providing crypto data from the blockchain. Here users can view and purchase works by some of the world's leading experts.

Super Rare official website

In terms of service goals, OpenSea helps NFT developers and consumers, while SuperRare is designed by artists, writers, and critics to provide a platform for aesthetic and beautiful art.

SuperRare believes integration is an important part of the conversation where writers and artists can easily interact in a circle of interests, and the platform hopes to provide a platform for art lovers to write and communicate their job.

RARE is the platform token of SuperRare with total assets of 1 billion and is primarily used for community finance fundraising and voting for communications management and improvement processes.

Nta platform

The SuperRare product line is constantly being updated and refurbished. In the first version 1.0, the core team directly selected artists to publish their work with NFT, and after marketing, they sold the working artists to the authors.

On August 18, 2021, SuperRare 2.0 was released, releasing new features such as SuperRare Spaces and SuperRareDAO.

SuperRareSpaces, also known as Community Sites, allows independent reviewers, artists, and sponsors to post their own photo pages through this section. Here, curators, writers, and community members can host talks on special topics and showcase their work. ideas.

The gallery must be reviewed by members of the community, and the owners of RARE, the SuperRare platform's token, select gallery staff by voting. Employees are randomly selected to perform, work and trade as needed. Employees can earn a salary. About the sale of NFT commercial products displayed on this website.

SuperRareDAO - The organization is independently governed by the SuperRare Board of Directors, which oversees RARE holders and SuperRare sites, and oversees the timing of platform disclosures, financially the community, and development plans future.

The SuperRare Advisory Board is a community electoral body that is decided by a vote of RARE insurers.

working files

According to Dappradar data, SuperRare has 29 24 hour trading users with an NFT volume of $ 690,000.

Rare Multi-Channel NFT Trading Platform

introduction

Rarible (RARI) is an NFT trading and casting platform running on Ethereum, and is also a widely integrated, community-based open source platform that allows users to create and publish their own designs without any hassle. access or problems for NFT members.

The Rarible NFT trading platform focuses on chain links and is now integrated with the public channels Flow and Tezos. RARI is a native symbol of the platform, with a total equipment volume of 25 million, is primarily used to reward consumers and developers of Rarible, and can also be used to vote on value propositions, stakes upgrades and platform improvements.

Rarable official website

Nta platform

Rarible has several products that overlap with OpenSea in terms of product list, all of which go to a full NFT trading platform. Since OpenSea launched the NFT creation feature, the products of OpenSea and OpenSea have become increasingly similar.

However, in the second half of 2021, the Rarible team made a number of improvements and innovations to the product.

First, Rarible developed an APP version, becoming the first application in the NFT industry to use a terminal. Users can control or modify NFT devices using their mobile phone anytime, anywhere, and even interrupt some functions directly on NFT. This is definitely good news for photographers who want to take photos with their cell phone or download NFT photos to their cell phone.

Second, Rarible has also developed Rarible Messenger, a communication tool for NFT consumers and developers, allowing users to connect directly with Rarible authors, artists and developers, which further integrates the NFT trading platform.

Rarible also introduced the Rarible protocol, an open-source system that collects NFT industry output data and transitions and provides products and prototypes for developing or commercializing NFT applications.

Rarible also aims to build its own DAO community, provide developers with a wide range of resources and awareness, and reward developers.

Rarible offers manufacturers and vendors more choices, and the potential to become the dark horse of the NFT industry cannot be ruled out.

working files

According to data from Dappradar, the Rarible platform offers 199 24-hour trading users with an NFT volume of $ 290,000.

The Phantom Artion NFT platform

introduction

Artion is an NFT trading platform developed by Phantom Chain, launched in September 2021.

As a new company, the product has received a lot of attention thanks to its founder Andre Cronje, who is also the founder of DeFi Protocol Yearn (YFI) and Curve (CRV), and the designer of the Fantom network. . In September of last year, Cronje made public announcements on Artion, an NFT product, on Twitter several times, and also launched the platform accordingly.

There are two reasons to announce Artion: First, oil prices on the Ethereum chain were high at the time, all exchanges were converted to fiat currency at around $100, and NFT market share requires much more fuel. Second, OpenSea broke the industry's internal staffing and mouse warehouse behaviors, which caused market dissatisfaction.

This time, Andre Cronje asked on Twitter why there were no commercial products to compete with OpenSea. A few days later, he repeated that he already had a team working on the new product. It didn't take long for the Phantom Foundation to develop an Artion trading platform, NFT.

article net

Characteristics

The Artion testnet is similar to OpenSea on the page, but unlike OpenSea, it is based on Fantom, allowing users to create and convert NFTs faster, at lower cost, and with lower fuel costs. Artion has also not yet paid the exchange rate against OpenSea 2.5%.

The low cost and ease of use of the Artion platform removes major barriers for developers and writers to access the NFT market, and is not a disappointment for consumers. . More importantly, at that time, the Phantom Foundation was developing the concept of "NFT Bridge". Future Artion will include the Ethereum-Phantom Bridge which will allow users to transfer NFTs from Ethereum to the Phantom Chain. In order to reimburse much of the cost of fuel to the industry and to replace the TVNs, the plan greatly improved the industry.

It is unfortunate that no further action has been taken since Artion launched the testnet in September 2021, and it is unclear whether the "Ethereum-Phantom Bridge Project" can be used. Currently, the Artion website is still in beta and the director has not said if there will be any new features.