Next big moment after Bitcoin? A comprehensive NFT "show for the hole"

Source: CI Eastern

On December 31, 2021, Joo Jae-beom introduced the 2021-2022 NFT model by announcing the image of Phantom Bear NFT wearing a shirt with his birthday '18' as the back number on his SNS.

2021 NFT will sweep the screen with key events that will contain important news and give us insight into the blockchain. Some news about 2021 is the year of the NFT.

1 According to the evidence,Last year, the volume of NFT transactions increased from 85.7 million in 2020 to 19.6 billion in 2021.Among the major NFT industries in the world, OpenSea is the largest NFT industry by volume. By 2021, the OpenSea packaging industry alone will reach $16 billion.

Source: 1 acknowledgment

For most NFT gamers, NFT represents the world of the future. The NFT reader describes the future status of the NFT as follows:“Think of NFTs as the clothes you always buy, and the different materials are for different occasions. The clothes are always yours, you can wear them anyway, and Luxury tells you the status quo.”

NFT External Rules

On January 12, on the NFT Metaverse WeChat exchange, netizens sighed, "I don't understand, I don't understand, how can a photo be so expensive?"

The image in the mouth of Internet users refers to the NFT. Earlier, the group discussed the NFT series Phantom Bear (Phantom Bear) co-published by Jae-Beom Joo. Phanta Bear is the first to ban the NFT project on the Ezek platform and Jay Chou's fashion brand PHANTACi, up to 10,000, priced at 0.26 ETH (Ethereum, around $870).As of January 12, Phanta Bear's floor price was 5.37 ETH (up to 110,000 RMB).,Even though it was dropped from its highest price, it was still 20 times the starting price.

"NFT has other applications such as tickets, crosses, as well as graphics, so you can participate in other activities." Soon, NFT players answered these questions in groups.

Take Phanta Bear for example, Phanta Bear offers customers the opportunity to not only get discounts with their Ezek Membership Card, but also get tickets before the concert, get free tickets below or to get tickets to free movies. Meet and Meet Artists In the future, it will also be used as a digital certificate to visit the Phanta Bear Clubhouse in Metaverse for VR/XR concerts hosted/co-hosted by Ezek.

Source: ROADMAP from EzekClub official website

"For NFTs to be valued, they must be recognized by the community."For gamers, alongside Phanta Bear's added value, Jay Chou's own traffic is critical to Phanta Bear's reputation in the secondary market. He believes that good actors, early leaders, and good teamwork are key factors in creating profitable NFTs. "Because the Red Army can drive community improvement and add value to the NFT."

In fact, in the world of NFTs, rules seem insignificant. It's not easy for lesser-known developers to get excited about the NFT cycle.On January 10, NFT 'Gojali Daily' created by an Indonesian became a hot topic on the Internet. The NFT series is a self-portrait of his everyday front-end computer from the age of 17 to 21.

Source : OpenSea

In the minds of older NFT players, there is no way out for the Indonesian brothers.High-cost NFT should be based on five factors: traffic, products with industry features, platform acceptance, inconsistencies, and who wants to prioritize stupid. The player says, “The fifth is the most important.

Pan hot in the NFT world

For many players entering the NFT cycle, the logic behind the popularity of the NFT project seems incomprehensible at all, but the rich legend created by the NFT still attracts many visitors who watch the world. "Aim for gold".

fr is one of the players who participated in the NFT Gold Rush last year. According to his description, he studied finance in college, worked in commodities and options, received virtual benefits a few years ago, and joined the NFT early last year.

If OpenSea is the main activity of NFTs, the social platform Twitter is the developer of the NFT project. Thousands of NFT projects are born every day on Twitter. It takes a lot of effort to find resources in different groups at different jobs.

If you enter the NFT industry for a year, finding a good working group is an investment, and the decision of which team is open, the project participants have past experience, and the strategic plan is real. However, it is difficult to avoid the risk of tornado.

"The team lied to me before," an IT Times reporter said.A group he had previously invested in was over $3,000 short. In the world of NFTs, it's one thing for older players to "cut". According to him, the "9×9×9" tycoon and his work, called "Lord 9" on Twitter, also jumped at the beach.

Find a team that you think is not the end, but if you want to buy your favorite NFT at the lowest price, you need to do more at home. One of the best ways is to find a way to communicate conflicts between workgroups (important in the community) on Twitter, join a community, take action, whitelist or enter a lottery. . Depending on the needs of each project, the time required can vary from a few hours to several days.

XRabbitsClub Exclusive Social Community Source: Twitter

“Fire planes can become fuel wars (competition) if they go public. Fuel prices (prices) will go up even more. Ethereum is the most important trading platform for NFTs, and we understand that trading and executing smart contracts on Ethereum requires fuel, for example payments.Popular NFT projects can cost a lot of fuel.

Compared to time spent doing community work and a "neutral" whitelist, enthes prefers visible floors in secondary activity. However, the cost of virtual currency itself is volatile and unstable, and at the same time, OpenSea lacks authentication and artifacts appear multiple times on the platform, which brings additional risk for investors.

“NFT is a high risk investment and you should do everything you can,” Enthe said. "There has to be a way to signal the risk."

Making NFTs isn't that hard, but selling them is hard.

With the support of blockchain and cryptocurrencies, NFTs have always been a bit vague and unknown. It's not that hard to become an NFT writer, the hardest part is to complete the legend of the rich in the NFT cycle.

The cost of NFT series increased by more than 2 million times in 7 days. Source: OpenSea

Li Lihong, founder of Honglian Financial, said: "NFT is generally a good understanding, and the integration is not high." Now, there are many NFT trading platforms at home and abroad, and it is said that anyone can create their own NFT functionality. .

IT Times journalists want to create and sell their work on OpenSea. You can access the OpenSea platform by opening the OpenSea website and following the instructions on the website to register and add a digital wallet.

The NFT broadcasting and transmission functions are particularly important. You can start a job for NFT by submitting the job you want to delete, giving the job title, writing a short description and linking to the website. Click "SELL", select a band, print your artwork, enter a price and you can place your artwork on the OpenSea store.

There is no interference with this process. The only thing that can affect the sales of NFT operations is the fuel cost of the platform.When an "IT Times" reporter tried to sell his NFT job on January 11, he said he would need a fuel price of 0.072 ETH (about $240) to release the company's shares on the shelf on the platform.

Being an NFT designer is easy, but selling your own design is not easy. A reporter from 'IT Times' dumped his work in NFT and put it on the platform, but no one cared even after two days.

NFT developer Xiaoyu told reporters that his job is to design. Due to his interest in NFT, he started selling his NFT products to OpenSea last December, but few people liked him.He has been on the platform for over a month and has released a total of 24 coins, each priced at 0.015 ETH (about $50), but none have sold.

"It's not enough to work alone, but business is more important."Xiaoyu told reporters that if the author himself is not popular, his work will struggle to get the page seen and viewed.

Companies with its national NFT platform have become a model

Moving to China, the NFT market, separate from virtual currency, expands another ecosystem.

NFT and Metaverse developer Chain Games told IT Times:Compared to investing in NFT projects, NFT platform design is one of the most popular industries in China, he said, "If you have the money to build the form, you can make money.

In 2021, NFT platforms will appear one after another in China. Internet giants such as Tencent and Ali have launched their own NFT platforms. At the beginning of the new year, the digital collection distribution and exchange platform "Taopai" was launched. However, compared to most foreign NFT platforms, these platforms are only tradable in the primary market and rarely support the secondary market. This limits the publication of NFTs in the market, making the platform a hot industry.

Source : Taub

The manufacturers mentioned above told reporters:The development cycle of simple NFT processors is about one month, and the required capital requirement is about 200,000-300,000 RMB.Content based on each merchant has many customizable features.According to him, the broad platform will charge a 10% conversion fee for NFT design. "Naturally, the platform is just moving around and making money," he said.

Under tight state oversight, the domestic use of NFTs by industry is restricted. "NFTs are certified digital products or digital devices." Li Lihong said: gone.

Although the business models of NFTs at home and abroad are very different, NFT players have reached the following agreement for the future of NFTs.“In the first half of this year, NFTs were on fire.”

Li Lihong thinks that:NFTs can improve everything in the future, and everything in the future can be NFTs.“In the age of Web3.0, we are turning everything from blockchain into NFT assets that can be delivered seamlessly. NFTs will be an integral part of heritage digitization. . »