
<p>The NFT Market is stabilizing thanks to solid and engaged communities with a healthy trading behavior. Usefulness of tokens now seems to take precedence over the notion of financial investment.</p>



<p>The first era of NFTs where profit and speculation reigned supreme seems over, and gradually a new page in the history of this technology is being written under the mainstream radar.</p>



<p>The next boom is beginning to take shape. There is still time to prepare for it, but get ready because this wave will most likely be even more explosive and impactful than the era of “NFT Collectibles”.</p>



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<div class="wp-block-button aligncenter has-custom-width wp-block-button__width-100 has-custom-font-size is-style-fill has-medium-font-size"><a class="wp-block-button__link has-white-color has-luminous-vivid-orange-background-color has-text-color has-background" href="https://www.slideshare.net/secret/ECKivLhCG3AUNT" style="border-radius:0px" target="_blank" rel="noreferrer noopener">Read your Q3 2022 NFT Market Report</a></div>
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The NFT market shrinks and enters into a stabilizing phase, also showing auspicious signs of a coming boom taking shape.

A massive 77% drop was observed in terms of USD traded between Q2 and Q3 2022 with a global volume of about US$1.7 billion in Q3 2022.

A net quarterly loss of US$450M is recorded for the first time ever.

A 84% decrease in profit at resell is observed during the period, for a total loss that decreased by 44% (US$326 million profit for US$783 million loss).

1. The fundamentals
2. A look back at Q3 2022
3. Overall performance Q3 2022
4. Detailed performance (search volume, performance by segment, market distribution by project, etc.)
5. Profits & losses on the market (profit & loss per segment over time, most profitable projects, etc.)
6. Focus by segment (key metrics about: crypto-art, collectibles, gaming, metaverses, utilities)
7. Conclusion


2022

Quarterly NFT Market Report


<p>The bear market has largely impacted the NFT market. For the first time in the history of NFTs, trading-related activities are no longer profitable. Despite a complicated economic context, NFTs continue to surprise, and we observe some strong trends around Metaverses and Utilities over the period, which tends to revitalize the markets. </p>



<p>With speculation in a tailspin, it looks like the industry has once again entered a building phase, away from the spotlight.</p>



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A massive 25% drop was observed in terms of USD traded between Q1 and Q2 2022 with a global volume of about US$8 billion in Q2 2022.

A net profit of US$460M is recorded over Q2 2022, a significant decrease compared to Q1 2022 (US$2.3B).

Secondary market remains predominant with almost 80% of the volume of USD traded, in the meantime, primary market has constantly decreased over the period.

A 46% decrease in profit at resell is observed during the period, for a total loss that increased by 23% (US$1.8 billion profit for US$1.4 billion loss).

The market is more centralized than ever: More than 30% of the volume of USD traded over the quarter is distributed between projects that have been launched or acquired by Yuga Labs.

The bear market has largely impacted the NFT market. For the first time in the history of NFTs, trading-related activities are no longer profitable. Despite a complicated economic context, NFTs continue to surprise, and we observe some strong trends around Metaverses and Utilities over the period, which tends to revitalize the markets.

With speculation in a tailspin, it looks like the industry has once again entered a building phase, away from the spotlight.


<p>The incredible enthusiasm for NFTs led to tremendous growth of the NFT industry in 2021. The early days of 2022 mark a new era for NFTs, with many changes to the market.<br>Are we facing a bubble on the verge of bursting? Are the NFTs markets holding up despite the tense geopolitical situation surrounding the war in Ukraine?<br>The Q1 Quarterly Report 2022 presents the first detailed figures on the reality of NFTs markets.<br>This quarter, we had the chance to interview Shaban Shaame, a pioneer of Blockchain Gaming since 2014, who shares his vision and thoughts on the state of the industry.</p>



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The general public seems to be losing interest in NFTs, if the search volume on Google is to be believed.
Collectibles are the predominant segment in the industry, far ahead of Art or even the Metaverses.

The resale profit volume is down 3% while the total loss volume is up nearly 50% compared to the previous quarter.
For the first time, some segments show a negative balance: Gaming shows a total loss of almost $50 million on the segment, which makes it the least profitable segment of the industry from a trading point of view.

With nearly $8 billion traded in the first quarter of 2022, the market cannot really be considered to have collapsed. We are seeing more of a form of stabilization, in line with the last quarter of 2021.
Conversely, the volume of sales fell by nearly 50%, with a very marked slowdown in the volume of buyers and sellers.
The great novelty of this quarter is undoubtedly the evolution of profitability in the markets. Making a profit in NFTs is no longer so easy in 2022...


<p>Every year since 2018, NonFungible.com publishes “Yearly NFT Market Report” which remains to date the most in-depth and comprehensive piece of research about the NFT Industry</p>



<p>These reports are designed for curious newcomers as well as experienced investors.</p>


Collectibles is probably the segment that is running out of steam in favor of Metaverses and Blockchain Gaming.

With over $5 billion in profit recorded in NFT trading, speculation is an integral part of this market. But this is a more complex activity than it seems...

Markets gradually became saturated with the issuance of millions of new NFTs. How have the markets reacted to this unbridled multiplication of assets?

The market boomed to over $15 billion for nearly 2 million active wallets.

"NFT" was declared word of the year 2021. This is not surprising given the exponential growth of the industry. Between unprecedented opportunities, excessive speculation and new economic models: where are we?

The 200 pages, 70 metrics and 15 interviews of this report have been designed to give you the most complete and up-to-date overview of the different facets of the NFT industry.

Yearly NFT Market Report

2021


<p>Data doesn’t lie, at NonFungible we analyze it and make the complex simple and freely accessible for everyone.</p>



<p>Our Q3 Report looks into Non-Fungible Token trends on the Ethereum chain. We use our data to provide an in depth analysis of the market backed with charts and analytics.</p>


Q3 of 2021 broke the $billion threshold by a long way, with almost $6 billion traded on the Ethereum blockchain alone. All indicators continue to show an upwards trend, with the number of wallets in use of both buyers and sellers increasing significantly.

Record USD volume for NFT sales

Unsurprisingly, the collectibles segment generated the most USD volume this quarter, undoubtedly stemming from PFP hype but also from the continual increase in the price of CryptoPunks and Bored Ape Yacht Club.

Market Distribution

The recent growth of the NFT industry has been almost unbelievable. In just a few short months, the $billion-dollar mark has been crossed in traded NFTs, followed by $billion per quarter and only then to be surpassed by $billion per month.

The market we see evolving today is a market that is growing at an exponential rate, with unprecedented liquidity but it is also even more of a speculative and volatile market than ever before.

The current market growth dictates that all investors and NFT stakeholders should pay extra attention as Triple-digit growth goes hand in hand with market instability, unrealistic expectations and potential disappointments.


<p>Launching a Web3 project may seem complicated at first sight. However, there are solutions that facilitate access and use of tools to create your first NFT collections without code knowledge. This is the case of Certhis, a no-code solution for companies and brands that want to create their Web3 project.</p>



<h2><strong>Presentation of Certhis</strong></h2>



<p><a href="https://bit.ly/CerthisNonFungible" target="_blank" rel="noreferrer noopener">Certhis</a> is a platform that simplifies the process of creating and selling NFTs for businesses and creators. The platform offers several tools and features that greatly facilitate the creation, management and sale of NFT collections.</p>



<p>The project has been in preparation since 2021 by its founders <a href="https://il.linkedin.com/in/rp0ff?trk=public_profile_browsemap" target="_blank" rel="noreferrer noopener">Ruben Perez</a> (CTO &amp; CPO) and <a href="https://il.linkedin.com/in/henry-korchia-03925455" target="_blank" rel="noreferrer noopener">Henry Korchia</a> (CEO). After two years of preparation, the Proof of Concept was launched in France during Q1 2023 with several French agencies such as Wild, <strong>La-Mine</strong> and <strong>Wagmi studio</strong> and the integration of Web3 applications such as <strong>Tropee </strong>and <strong>Nilos</strong>.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="615" src="http://nfcms1/app/uploads/2023/03/certhis-nft-collection-overview-1024x615.jpg" alt="certhis nft collection overview" class="wp-image-288403" srcset="http://nfcms1:80/app/uploads/2023/03/certhis-nft-collection-overview-1024x615.jpg 1024w, http://nfcms1:80/app/uploads/2023/03/certhis-nft-collection-overview-300x180.jpg 300w, http://nfcms1:80/app/uploads/2023/03/certhis-nft-collection-overview-768x461.jpg 768w, http://nfcms1:80/app/uploads/2023/03/certhis-nft-collection-overview.jpg 1259w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>


<p>Certhis&#8217; features cover a wide range of possibilities:</p>



<ul><li>NFT Collection on several supported blockchains (Ethereum, Polygon, Avalanche, BNB). NFTs collections as well as all utility applications can be integrated directly on the brand or business site through to embbeded modules.</li></ul>



<ul><li>Easy collection deployment: an easy way to integrate the NFT Collection to your website thanks to dedicated applications. An analytic dashboard is also available to keep a track of your collection’s activity.</li></ul>



<ul><li>Utility application for your community: A full catalog of applications to cover all the Web3 usecases, from launching the NFT project to community animations (airdrop, ticketing, giveaway, tokengating for exclusive content…). Here is the choice of application to enhance your NFT holders’ experience :<ul><li>HolderTicket.io: Physical or Metaverse event ticketing App for your NFT holders</li><li>Holderdrop: NFT drops for holders</li><li>HolderGate: Unlock access to exclusive content for your holder</li><li>Holdermail: Web3 mail service for your holder</li><li>Holderbox: Your Holder space</li><li>Affiliation3: Web3 Affiliation program</li><li>NFTpage: Your NFT collection page</li></ul></li></ul>



<ul><li>Certhis wallet: The Web3 cornerstone of Certhis, a seamless wallet for all the blockchain interactions. It can be generated with just an email, and funded through a credit card</li></ul>



<p>Suitable for companies or entrepreneurs who want to get started in the Web3, this no-code solution is primarily aimed at an audience that is used to seamless experience.</p>



<h2><strong>An all-in-one solution for businesses</strong></h2>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" width="1024" height="549" src="http://nfcms1/app/uploads/2023/03/certhis-nft-collection-1024x549.jpg" alt="certhis nft collection" class="wp-image-288399" srcset="http://nfcms1:80/app/uploads/2023/03/certhis-nft-collection-1024x549.jpg 1024w, http://nfcms1:80/app/uploads/2023/03/certhis-nft-collection-300x161.jpg 300w, http://nfcms1:80/app/uploads/2023/03/certhis-nft-collection-768x412.jpg 768w, http://nfcms1:80/app/uploads/2023/03/certhis-nft-collection.jpg 1204w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>


<p>Certhis is primarily aimed at companies that want to address a web3 audience but have little knowledge of this ecosystem. The &#8220;All in One&#8221; solution that <a href="https://bit.ly/CerthisNonFungible">Certhis</a> offers aims to consolidate the link that a company or brand can have with its community through community-driven experiences, new revenue streams but especially a seamless wallet to manage its funds, NFTs and utilities.</p>



<p><strong>Brands can integrate their NFT marketplace on their website, under their brand. </strong>The marketplace offered by Certhis will be an essential tool to keep an eye on the activity of a collection but also to take advantage of the benefits brought by Web3. The choice between 4 blockchains offers flexibility to follow your audience but in addition, a multi-chain royalty system has been set up to ensure revenue for each sale on the secondary market.</p>



<p>Certhis allows you to create, deploy and sell and/or send NFTs that will come from multiple types of collection types like: <strong>Single, retail or art catalog or Art series</strong>. For example, Single collections will be more suitable for artists, while Art series collections can be used for NFT reveals.</p>



<p>Another important aspect of the marketplace will be the generation of data about the holders. As any transaction is recorded on the blockchain, it will be possible to publicly follow the evolution of a mint, the number of resales, wallets, and other market indicators regarding any collection created on the platform.</p>



<h2><strong>Certhis&#8217; next steps</strong></h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="1024" height="507" src="http://nfcms1/app/uploads/2023/03/certhis-nft-wallet-1024x507.jpg" alt="certhis nft wallet" class="wp-image-288407" srcset="http://nfcms1:80/app/uploads/2023/03/certhis-nft-wallet-1024x507.jpg 1024w, http://nfcms1:80/app/uploads/2023/03/certhis-nft-wallet-300x148.jpg 300w, http://nfcms1:80/app/uploads/2023/03/certhis-nft-wallet-768x380.jpg 768w, http://nfcms1:80/app/uploads/2023/03/certhis-nft-wallet.jpg 1089w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>Certhis&#8217; next steps are clear: continue to democratize the use of Web3 for a Web2 audience. During 2023, Certhis intends to extend its activities and partnerships to all major Web2 and Web3 agencies and partners but also to open up the development of utility applications for their solution to a broader developer community.</p>



<p>The goal within two years is to continue to expand partnerships globally and then expand marketing activity in all territories. By focusing on the many features they offer, Certhis wants to prove that Web3 tools are accessible to the wider world, companies, individual entrepreneurs but also artists and startups.</p>



<p>Today Certhis is free to use thanks to an economical system based on mint and resale fees.&nbsp;</p>



<h2><strong>The democratization of NFTs is underway</strong></h2>



<p>More and more people want to get started with NFTs but technical barriers to entry can sometimes cause some issues. Certhis proposes to ease this process by further simplifying the usual Web3 tools. For projects that do not want to invest a lot of time in the technical aspect of NFTs, this is a perfectly suited solution.</p>



<p>Do not hesitate to follow Certhis on their different networks to stay tuned about their updates!</p>



<p><a href="https://bit.ly/CerthisNonFungible" target="_blank" rel="noreferrer noopener">Website</a> – <a href="https://twitter.com/certhis">Tw</a><a href="https://twitter.com/certhis" target="_blank" rel="noreferrer noopener">i</a><a href="https://twitter.com/certhis">tter</a> – <a href="https://www.linkedin.com/company/certhis/" target="_blank" rel="noreferrer noopener">Linkedin</a> – <a href="https://t.me/certhis" target="_blank" rel="noreferrer noopener">Telegram</a> – <a href="https://www.instagram.com/certhis.io/" target="_blank" rel="noreferrer noopener">Instagram</a> &#8211; <a href="https://discord.gg/RvWg48FRyf" target="_blank" rel="noreferrer noopener">Discord</a></p>


Launching a Web3 project may seem complicated at first sight. Hopefully, no-code solution like Certhis are here to help.

Certhis, the all-in-one solution to create your first NFT


<p>How to analyze an NFT project before making the decision to mint?</p>



<p>it is essential to ask yourself the right questions before minting an NFT from any new project and to have the correct reflexes to protect yourself! Several key indicators should be taken into account: the team and roadmap, the community (Discord and Twitter), the scarcity and price, the technology and of course the underlying project (art and utility).</p>



<h2>The Team and the Roadmap</h2>



<h3>The Team&nbsp;</h3>



<p>The analysis of the team is an important point to consider. The first question to ask is: is the team anonymous, partially anonymous or completely known (doxxed)?</p>



<p>It is preferable that the team does not remain anonymous, i.e. that we know their names, ages, professional experiences, etc. as you are less likely to be confronted with certain risks (rug, soft rug, project dropouts, etc.) That being said, if the team is anonymous, as some successful projects have been, it&#8217;s not so surprising to find this in the web3.0 ecosystem.</p>



<p>If the team is doxxed, what do you need to know about their history? If you are able to assess their relevant past experience, questions worth asking are: is it related to the field of NFTs? Do they have any previous reputation in the field? The founders do not have to be famous, nevertheless , they should have some valid and relevant experience.</p>



<p>Finally, can we also assess the reputation of the team? For instance if a member has already been involved in a dubious project then this would be a serious red flag. On the contrary, if one of the founders has already been involved in a successful project, then that would be considered to be a very positive point.</p>



<h3>Roadmap</h3>



<p>It is important to look at the roadmap even if it is often simply a future vision for the project. The best policy is to favor original projects with a realistic vision. Also, you must be aware that the roadmap is rarely adheaded to in reality, as its content is based on a project&#8217;s future intentions rather than on a rigid structure.</p>



<p>On the other hand, you can evaluate the projected realistic approach of the roadmap in relation to the financial resources of the project. Another question, is the team competent enough to execute the plan and does the whole plan sound coherent to you?</p>



<h2><strong>Communities</strong>&nbsp;</h2>



<p>The analysis of the project&#8217;s social networks is a crucial element. The community aspect is very important in most NFT projects. However, we can cite as an exception purely artistic collections like generative art where this methodology is not always so accurate.</p>



<p>NFT projects use two main social media platforms: Twitter and Discord.&nbsp;</p>



<h3>Twitter&nbsp;</h3>



<p>It is important to look at the number of followers on Twitter, less than 10,000? More than 100 000? Be careful, the number of followers means absolutely nothing at first glance, you have to check if they are real, projects can easily buy fake followers.</p>



<p>An easy method is to look to see if the number of followers corresponds to the engagement on the account (likes, comments, retweets etc). So if the engagement rate looks strange then this should alert you. Ideally, the project shouldn’t have too many farmed followers with giveaways and whitelist contests (WL).</p>



<p>Another valuable point to consider on Twitter, is to look if recognized collectors are following the projects&nbsp; account. (for example Zeneca, <a href="https://twitter.com/punk6529" target="_blank" rel="noreferrer noopener">Punk6529</a>, Takoa, etc). Indeed, if whales have an eye on the project then it is often a positive point.&nbsp;However, that doesn&#8217;t necessarily mean that they approve of the project. They just have an interest.</p>



<h3>Discord&nbsp;</h3>



<p>In the NFT ecosystem, Discord is a must. Indeed, the majority of the projects open this type of social network to gather their community. Therefore, the number of members must be analyzed just like on Twitter. It is necessary to check if they are real or fake. The engagement on the posts and the activity of the members can be a good indicator..</p>



<p>It is also interesting to cross reference the number of followers on Twitter with the number of members on Discord to see if the two are consistent.&nbsp;</p>



<p>For both networks, it is important to pay attention to how these followers were obtained, is it really organic? For example, if you see invitation contests to get a WL then this can be a negative point. Indeed, there are more chances that the Discord is full of bots or multi-accounts.&nbsp;</p>



<h2>Rarity and price</h2>



<p>The number of NFTs and the price of the mint are two essential elements in an analysis. These two pieces of information cannot be bypassed by a project.</p>



<h3>Supply &amp; Rarity</h3>



<p>So, it is logical to ask how many NFTs will be offered. Less than 1000? Between 1000 and 5000? Between 5000 and 10,000? More than 10,000?</p>



<p>The lower the supply, the more likely it is that a supply shock can occur. But to correctly analyze this criterion, it is essential to put it in perspective with the interest of the project and the activity of the community. If a project offers 10,000 NFTs and has only 20 likes on Twitter the day of the NFT sale, the supply was probably too high to sell everything.</p>



<h3>Price</h3>



<p>The price is an unavoidable metric to take into account. Does it correspond to the usefulness or the hype of the collection? Is the price in line with market conditions?</p>



<p>At the end of 2021, price was not such an important criteria. On the contrary, it can become so in less euphoric market phases.&nbsp;</p>



<h3>Technology</h3>



<p>Which blockchains are <a href="https://nonfungible.com/news/utility/the-history-of-nfts-on-ethereum">NFTs based on Ethereum (ETH</a>), Solana (SOL, Tezos (XTZ)? The largest and most established ecosystem for NFTs is obviously Ethereum (ETH). We can also mention Tezos (XTZ) for generative art and even Solana (SOL).&nbsp;&nbsp;</p>



<p>You can also find NFTs on Polygon (Layer 2), Flow, Wax and other blockchains. However, <a href="https://research.cointelegraph.com/reports/preview/nonfungible-tokens-a-new-frontier" target="_blank" rel="noreferrer noopener">80% of the NFT market volume is concentrated on Ethereum</a> through several marketplaces (<a href="https://opensea.io/" target="_blank" rel="noreferrer noopener">OpenSea</a>, <a href="https://looksrare.org/" target="_blank" rel="noreferrer noopener">LooksRare</a>, etc). When you consider that volume largely defines price, this is something to take into account.</p>



<h3>Storage and on-chain generation of NFTs?</h3>



<p>The storage and the way your NFT is generated can affect its value and success. Indeed, your NFT can be on a decentralized blockchain, but if its metadata is stored off-chain then that part of the NFT will not benefit from the security of the blockchain.</p>



<p>The actual generation of the NFT and storage can be centralized, which means you are relying on a third party to hold the file. This can create a centralized point of failure. If the server does not maintain your files, the Universal Resource Identifier (URI) of your NFT will simply be a dead link.</p>



<p>Solutions such as InterPlanetary File System (IPFS) or <a href="https://www.arweave.org/" target="_blank" rel="noreferrer noopener">Arweave</a> offer a decentralized (and more secure) approach to data storage, which increases the security of your NFT image. Thus, it is recommended to take this aspect into account before minting. The more decentralized the storage and generation process is, the more valuable the NFT will be.&nbsp;</p>



<h2>The project: Art / Utility of the NFT</h2>



<p>There are many different use cases for NFTs, and you need to be clear about the nature of the project. Is it a purely artistic NFT? What exactly is the purpose of the NFT?</p>



<h3>Artistic NFTs</h3>



<p>If the NFT is a purely artistic project (via a curator like <a href="https://nonfungible.com/market-tracker/artblocks" target="_blank" rel="noreferrer noopener">Art Blocks</a> or Quantum for example), the usefulness of the NFT is irrelevant. You need to evaluate the reputation of the artist, the style and originality of the works.</p>



<p>Do you appreciate art? This is subjective of course, but try to identify current trends and investor preferences in NFTs.</p>



<h3>Utility NFTs</h3>



<p>It is of course important to understand the purpose of the NFT you are about to purchase. Indeed, Utility NFTs are much more than just digital collectibles. They offer their holders privileges, rights and rewards. You can find several types of utilities (non-exhaustive list):&nbsp;</p>



<ul><li>Profile Pictures: Images posted on social media that represent an online identity</li><li>Art &amp; Music: A more efficient and transparent way for artists to monetize their work.</li><li>In-Game Assets: Unique assets designed to be used in a game.</li><li>Membership: NFTs that allow access to a private community. Tools like Collab.land and Gnosis Safe are often used to verify that you own theNFT.</li><li>Virtual Worlds: Properties and lands that exist in the metaverse.&nbsp;</li></ul>



<h2>Conclusion</h2>



<p>Analyzing NFTs before minting is not an exact science. However, you can improve your chances by studying the key indicators above. It is important to think in terms of the number of red flags, if there are too many then probably best to skip it.&nbsp;</p>



<p>Obviously, research and thorough analysis can help you make the right decision. But experience may be your best bet.</p>



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<div class="wp-block-image portfolio-valuation-banner"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/services/collectors" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1024x1024.png" alt="Do you know the value of your NFTs?" class="wp-image-66346" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Asset-Valuation-1x117-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


Nowadays, it has become really easy to mint an NFT but the traps are numerous and not always easy to identify. 

Due Diligence Before Minting an NFT


<p>NFT aggregators gather listings from multiple marketplaces and platforms in one place. This provides buyers with a simplified interface to compare prices and acquire NFTs from different sources. Relevant tools as the market becomes more and more fragmented (OpenSea, LooksRare, X2Y2, NFTX).&nbsp;</p>



<p>We will briefly present the 3 main aggregators: Genie.xyz, Gem.xyz and Blur.io.</p>



<h2>Genie.xyz</h2>



<p>Launched in November 2021, <a href="https://www.genie.xyz/" target="_blank" rel="noreferrer noopener">Genie</a> allows NFT collectors to purchase up to 60 NFTs at a time on multiple marketplaces in a single transaction. Depending on the size of the transaction, buyers can potentially save hundreds of dollars in gas fees compared to purchasing each NFT individually.</p>



<p>Genie displays listings from all major marketplaces: OpenSea, LooksRare, X2Y2, NFT20 and NFTX. In fact, Genie aggregates all the NFTs listed on these marketplaces. If an NFT collection is not indexed, users can enter the collection&#8217;s contract address in the search bar. Genie will take approximately 1-2 minutes to index the collection.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="756" height="312" src="http://nfcms1/app/uploads/2022/06/moonbird.png" alt="moonbird" class="wp-image-23434" srcset="http://nfcms1:80/app/uploads/2022/06/moonbird.png 756w, http://nfcms1:80/app/uploads/2022/06/moonbird-300x124.png 300w" sizes="(max-width: 756px) 100vw, 756px" /></figure></div>



<p>Genie allows you to create a shopping list and purchase NFTs in batches. Collectors can quickly purchase multiple NFTs at the same time, a practice known as &#8220;sweeping the floor&#8221;. The Genie team recommends that users purchase a maximum of 20 NFTs in a single swap.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="288" height="297" src="http://nfcms1/app/uploads/2022/06/aggregator-bag.png" alt="aggregator bag" class="wp-image-23432"/></figure></div>



<p>Genie also allows sellers to maximize the exposure of their listings by listing on both OpenSea and LooksRare at the same time.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="131" src="http://nfcms1/app/uploads/2022/06/select-marketplace-1024x131.png" alt="select marketplace" class="wp-image-23430" srcset="http://nfcms1:80/app/uploads/2022/06/select-marketplace-1024x131.png 1024w, http://nfcms1:80/app/uploads/2022/06/select-marketplace-300x38.png 300w, http://nfcms1:80/app/uploads/2022/06/select-marketplace-768x98.png 768w, http://nfcms1:80/app/uploads/2022/06/select-marketplace.png 1070w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>On June 21, 2022, <a href="https://uniswap.org/blog/genie" target="_blank" rel="noreferrer noopener">Uniswap Labs announced that it acquired the aggregator Genie</a>.:</p>



<p><em>«&nbsp;We see NFTs as another format for value in the growing digital economy—not a separate ecosystem from ERC20s, and they’re already an important gateway to web3.&nbsp;»</em></p>



<p>Decentralized exchange (DEX) Uniswap plans to add a new tab dedicated to NFTs on its main site later this year. DEX will also integrate NFTs into its developers&#8217; APIs and widgets.</p>



<p>In order to share some of the value with Genie&#8217;s long-time users, Uniswap will perform an airdrop in stablecoin USDC. People who have used Genie at least twice before April 15, 2022 will be eligible.</p>



<h2>Gem.xyz</h2>



<p>It&#8217;s hard to talk about an aggregator without mentioning <a href="https://www.gem.xyz/" target="_blank" rel="noreferrer noopener">Gem.xyz</a>. They are building a NFT aggregator «&nbsp;giving you A to XYZ access to the entire NFT market.&nbsp;». The aggregator allows you to:</p>



<ul><li>Buy multiple NFTs in a single transaction</li><li>Sweep the collection floor</li><li>Pay with any token (or multiple ones)</li><li>save tons gas compared to buying on the marketplaces directly</li></ul>



<p>Loopifyyy, creator of <a href="https://www.treeverse.net/" target="_blank" rel="noreferrer noopener">Treeverse</a>, explained on Twitter <a href="https://twitter.com/Loopifyyy/status/1518622884805152770" target="_blank" rel="noreferrer noopener">the difference between Genie and Gem</a>:</p>



<p><em>«&nbsp;The difference between gem and genie is actually miniscule if you think about it and now that opensea will most likely ruin some features (like blocking out looksRare or something) …</em></p>



<p>At the end of April, OpenSea acquired Gem in order to strengthen its position and offer new features. Devin Finzer, co-founder and CEO of OpenSea, said:</p>



<p><em>«&nbsp;OpenSea has acquired Gem to invest in pro experience. As the NFT community grows, we’ve recognized a need to better serve more experienced, pro users, and offer more flexibility and choice to people at every level of experience.&nbsp;»</em></p>



<p>Gem will continue to operate as an independent company while developing its platform and adding more features, and then some of these features will be gradually integrated into OpenSea.</p>



<h2>Blur.io</h2>



<p><a href="https://blur.io/" target="_blank" rel="noreferrer noopener">Blur.io</a> is an NFT marketplace for pro traders. Their marketplace empowers traders with real-time liquidity across multiple marketplaces, live data feeds, and comprehensive analytics. Users can execute orders and bulk orders.</p>



<p>According to Blur, <a href="https://mirror.xyz/blurdao.eth/4V0dY_-ob5rBxl664deMASnH2wRsgcrGS20lpdurBa0" target="_blank" rel="noreferrer noopener">other NFT tools are very often focused on retail traders</a> and neglect the needs of professional traders.&nbsp;</p>



<p>&#8220;Our mission is to solve these problems and bring the NFT space to an institutional level while increasing decentralization.&#8221;</p>



<p>By March 28, Blur had raised $11 million in a seed funding round led by Paradigm. According to Blur, the round also saw participation from Egirl Capital, Keyboard Monkey, Ledgerstatus, 0xmaki, Santiago Santos, Zeneca, Deeze, and Andy (Fractional).</p>



<p>After the acquisitions of Gem by OpenSea and Genie by Uniswap, the Blur platform now stands out for its independence.</p>



<h2>An indispensable tool for advanced trader</h2>



<p>The NFT marketplace aggregator tools haven’t been around for very long: Gem and Genie were both launched in January 2022. Despite this,these new players quickly became successful.</p>



<p>With the fragmentation of the markets after the launch of the new platforms <a href="https://looksrare.org/" target="_blank" rel="noreferrer noopener">LooksRare</a>, <a href="https://x2y2.io/" target="_blank" rel="noreferrer noopener">X2Y2</a>, and many others, there quickly became a need for a service targeted towards advanced collectors looking for an easier way to make bulk purchases. These tools quickly became indispensable for the advanced collector and the industry leaders quickly understood this by acquiring the two main players.</p>



<p>Nifty Gateway has recently moved towards aggregating other marketplaces and Rarible has started to do the same. We will also see how new players such as Blur, which claims to be a tool for professionals, is able to make a place for itself in the sun.</p>



<div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div>



<div class="wp-block-image yearly-report-banner"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/reports/2021/en/yearly-nft-market-report" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1-1024x1024.png" alt="Read the largest and most-in-depth NFT market research ever published. Get your Yearly NFT Market Report!" class="wp-image-66400" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_Yearly-NFT-Report-2021-1x19-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


There are many marketplaces where you can buy your NFTs. Aggregators allow you to buy many NFT at once from different marketplaces.

Three most popular NFT Marketplace Aggregators


<p>There is little doubt that when it comes to Crypto and especially NFTs, cybersecurity is an essential element.</p>



<p>Yet sadly due to many companies wanting to quickly onboard many newcomers to their ecosystem, the security aspect is often sacrificed. The various browser wallets like Metamask are indeed very convenient to use but they also have a major flaw: private keys are stored directly in the browser.</p>



<p>The IsoWallet team has created an innovative solution to overcome this problem.</p>



<h2>Presentation of IsoWallet&nbsp;</h2>



<p><a href="https://www.isowallet.io/" target="_blank" rel="noreferrer noopener">IsoWallet</a> is made up of a team with varying backgrounds but with a focus on blockchain and cybersecurity. Here are the core team members:</p>



<ul><li><a href="https://twitter.com/DavidElhadad26" target="_blank" rel="noreferrer noopener">David Elhadad</a> &#8211; CEO</li><li><a href="https://twitter.com/IsoWalletMike" target="_blank" rel="noreferrer noopener">Mike Feldman</a> &#8211; COO</li><li><a href="https://twitter.com/daskalo_don" target="_blank" rel="noreferrer noopener">Don Daskalo</a> &#8211; ‍Head of Design</li><li>Cullon Hecox &#8211; CISO</li><li>Hartley Deare &#8211; CTO</li></ul>



<p><a href="https://www.isowallet.io/" target="_blank" rel="noreferrer noopener">IsoWallet</a> is an innovative solution to manage the security of its users’ crypto assets and the team aims to solve several key security flaws that currently plague the crypto wallet ecosystem.&nbsp;</p>



<p>One of IsoWallet’s primary goals is to protect users against phishing attacks. Phishing and spear phishing attacks are two of the main attack vectors that face crypto wallets today. Ultimately, IsoWallet dreams to make security accessible without abandoning the wallet’s ease of use.</p>



<p>By creating and storing the private keys in a Zero-Knowledge environment, the team will never have access to the various different private keys, IsoWallet users will forever be in charge.</p>



<p>Other advantages for IsoWallet include Multi-Chain and Layer-2 compatibility, trustless transactions, access to your favorite decentralized exchanges in-app or even an extensive education materials to help you navigate Web3.</p>



<h2>The IsoWallet NFT drop: IsoBots</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="597" height="475" src="http://nfcms1/app/uploads/2022/04/isobots-bitcoin.jpg" alt="isobots bitcoin" class="wp-image-20348" srcset="http://nfcms1:80/app/uploads/2022/04/isobots-bitcoin.jpg 597w, http://nfcms1:80/app/uploads/2022/04/isobots-bitcoin-300x239.jpg 300w" sizes="(max-width: 597px) 100vw, 597px" /></figure></div>



<p>In order to develop a community invested in the project, Isowallet will carry out a drop of 5,555 NFTs dedicated to crypto values: <a href="https://www.isowallet.io/nft-project" target="_blank" rel="noreferrer noopener">IsoBots</a>.</p>



<p>The central idea of this collection is to highlight the right to privacy but also the right to have sufficient security. IsoBots take up the different values of the crypto ecosystem in general. Owning it will therefore make it possible on the one hand to be part of the IsoWallet community but also to promote healthy values of the ecosystem.</p>



<p>The blockchain that will be used for the drop is Ethereum and to discover the date of the drop and be whitelisted, first you will have to go to <a href="https://discord.gg/h9gfx4GJ62" target="_blank" rel="noreferrer noopener">IsoWallet&#8217;s Discord</a>.</p>



<p>The artist who made the different features of the drop is <a href="https://www.instagram.com/andrea_crazer/" target="_blank" rel="noreferrer noopener">Andrea Ranaldo</a> AKA &#8220;Crazer&#8221;, a 3D artist with more than a decade of experience. It is important to remember that having this NFT will also give access to exclusive features.&nbsp;</p>



<p>Each NFT will provide early access, and access to beta testing for the yet to be developed blockchain wallet by IsoWallet. NFT holders will also receive access to exclusive educational resources on Web3 and security, as well as a private Discord with the IsoWallet team.&nbsp;</p>



<p>Additionally, all IsoBot NFT holders will have 0 fees for swapping (MetaMask charges 0.8% on internal wallet swaps).</p>



<h2>What are the next steps?</h2>



<p>Although the date of the drop of the Isobots has not yet been announced, it is possible to consult the roadmap of IsoWallet directly on their <a href="https://www.isowallet.io/documents/IsoWallet%20Whitepaper%20V.6.pdf" target="_blank" rel="noreferrer noopener">Whitepaper</a>.</p>



<ul><li>Phase 1 &#8211; Community Building: Build a passionate community that believes in the IsoWallet vision.</li><li>Phase 2 &#8211; Team expansion and wallet development.</li><li>Phase 3 &#8211; Red teaming/infrastructure stress testing, security audit and strategic partnerships.</li><li>Phase 4 &#8211; Beta Release: Bug bounty hunting program and Implementing community feedback.</li></ul>



<p>The following phases of the roadmap include the wallet’s official launch and of the integration of trustless transaction features. The development will continue according to the feedback of the users as well as the beginning of a creation for the companies.</p>



<p>Insurance would also be in preparation for the rest of the events.&nbsp;</p>



<p>In order to follow all the news of the project as well as the progress of the development, here are the official links to the IsoWallet project:</p>



<p><a href="https://www.isowallet.io/nft-project" target="_blank" rel="noreferrer noopener">Website</a> &#8211; <a href="https://twitter.com/IsoWallet" target="_blank" rel="noreferrer noopener">Twitter</a> &#8211; <a href="https://www.instagram.com/isowallet/" target="_blank" rel="noreferrer noopener">Instagram</a> &#8211; <a href="https://discord.gg/h9gfx4GJ62" target="_blank" rel="noreferrer noopener">Discord</a>&nbsp; &#8211; <a href="https://isowallet.medium.com/" target="_blank" rel="noreferrer noopener">Medium</a></p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project. </p>



<div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div>



<div class="wp-block-image advertise-banner"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/services/businesses" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-1024x1024.png" alt="Get your brand in front of the most qualified NFT audiences. Advertise with us" class="wp-image-66371" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-project-advertise-promotion-1x112-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


In the world of Crypto and especially with NFTs, there are a lot of phishing attacks for users to be careful to avoid! IsoWallet is developing a solution to bring a new layer of security to the ecosystem which is also easy to use!

Presenting IsoBots, the NFT for Cybersecurity


<p><strong>What is an NFT?</strong> <a href="https://en.wikipedia.org/wiki/Non-fungible_token" target="_blank" rel="noreferrer noopener">The definition of an NFT</a> is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. NFTs range from works of fine art to real estate with new advancements and projects created every day. While NFTs are still a relatively new technology, they have a rich and detailed history that we will be exploring today in detail.&nbsp;</p>



<p>Pinpointing exactly what year NFTs were first developed is a subject that is up for debate. In order to approach the topic as thoroughly as possible, we will be addressing a handful of projects that are believed to be the first NFTs. We will also explain the reasons why they were created. This article focuses on NFTs minted on Ethereum, so there are some <a href="https://nfttimeline.com/" target="_blank" rel="noreferrer noopener">early projects</a> that will not be discussed in this article.&nbsp;&nbsp;</p>



<h2>2015 &#8211; Terra Nullius</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2022/04/NFT-history-ETH-terra-nullius-1024x576.jpg" alt="NFT history ETH terra nullius" class="wp-image-20201" srcset="http://nfcms1:80/app/uploads/2022/04/NFT-history-ETH-terra-nullius-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/04/NFT-history-ETH-terra-nullius-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/04/NFT-history-ETH-terra-nullius-768x432.jpg 768w, http://nfcms1:80/app/uploads/2022/04/NFT-history-ETH-terra-nullius.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>According to research done by <a href="https://adamamcbride.medium.com/2015-the-first-nft-on-ethereum-2d2ff6468d49" target="_blank" rel="noreferrer noopener">Adam McBride</a>, Terra Nullius was the first NFT on ETH. Defined as land that is legally deemed to be unoccupied or uninhabited, Terra Nullius created a new frontier for investors. First minted on August 7, 2015, Terra Nullius is a project designed to allow users to “Stake a claim on the blockchain”. </p>



<p>Pre-dating most established NFTs by two years, this is the first product that is considered a true NFT. While most major NFTs today mint thousands of their products, Terra Nullius flew under the radar with only 22 minted at the initial launch. To date, the dev team has minted an additional 25, leaving their total at only 47.&nbsp;</p>



<p>Due to their relatively limited launch in comparison to some of the larger projects that marked 2017, it is easy to see why Terra Nullius was overlooked for so long. In fact, the devs responsible for Terra Nullius did not refer to their creation as an NFT. Instead, they simply identified it as an “<a href="https://www.reddit.com/r/ethereum/comments/3g6e82/introducing_terra_nullius_the_first_interactive/" target="_blank" rel="noreferrer noopener">interactive Ethereum Contract</a>”. </p>



<h2>March 2017 — Rare Pepe on Ethereum</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1600" height="724" src="http://nfcms1/app/uploads/2022/04/michealangelo-rarepepe.jpg" alt="michealangelo rarepepe" class="wp-image-20203" srcset="http://nfcms1:80/app/uploads/2022/04/michealangelo-rarepepe.jpg 1600w, http://nfcms1:80/app/uploads/2022/04/michealangelo-rarepepe-300x136.jpg 300w, http://nfcms1:80/app/uploads/2022/04/michealangelo-rarepepe-1024x463.jpg 1024w, http://nfcms1:80/app/uploads/2022/04/michealangelo-rarepepe-768x348.jpg 768w, http://nfcms1:80/app/uploads/2022/04/michealangelo-rarepepe-1536x695.jpg 1536w" sizes="(max-width: 1600px) 100vw, 1600px" /><figcaption>NFT History on Ethereum &#8211; Rarepepe</figcaption></figure></div>



<p>While the first Rare Pepe NFTs were launched in October of 2016, they weren’t traded on ETH until 2017. Titled <a href="https://bitcointalk.org/index.php?topic=1858910.0" target="_blank" rel="noreferrer noopener">Peperium</a>, the project was designed to allow meme trading on the blockchain.</p>



<p>With such a strong cult following surrounding Pepe the Frog and the meme culture that surrounds crypto, it made sense that it was one of the first established NFT projects that transferred over to Ethereum. With a strong community that exists to this day, Peperium serves as an example of how NFTs have largely become community-based projects.&nbsp;</p>



<h2>June 2017 — CryptoPunks&nbsp;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="1024" height="296" src="http://nfcms1/app/uploads/2022/04/NFT-history-ETH-cryptopunks-1024x296.jpg" alt="NFT history ETH cryptopunks" class="wp-image-20209" srcset="http://nfcms1:80/app/uploads/2022/04/NFT-history-ETH-cryptopunks-1024x296.jpg 1024w, http://nfcms1:80/app/uploads/2022/04/NFT-history-ETH-cryptopunks-300x87.jpg 300w, http://nfcms1:80/app/uploads/2022/04/NFT-history-ETH-cryptopunks-768x222.jpg 768w, http://nfcms1:80/app/uploads/2022/04/NFT-history-ETH-cryptopunks-1536x444.jpg 1536w, http://nfcms1:80/app/uploads/2022/04/NFT-history-ETH-cryptopunks.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>NFT History on Ethereum &#8211; CryptoPunks</em></figcaption></figure>



<p>In 2017, Developers John Watkinson and Matt Hall launched <a href="https://www.larvalabs.com/cryptopunks" target="_blank" rel="noreferrer noopener">CryptoPunks </a>and forever changed the NFT world. CyptoPunks started as  a collection of 10,000 randomly generated characters that were each uniquely different. They might not have been the first NFTs to be minted, but they were the first NFT project that went mainstream and began to pull in a more varied group of people into the NFT space. Not only that, but CryptoPunks was the inspiration for the ERC-721 <a href="https://eips.ethereum.org/EIPS/eip-721" target="_blank" rel="noreferrer noopener">Standard that a majority of NFTs use to this day.</a></p>



<p>With the current lowest bid for a CryptoPunk sitting at 66.5ETH (Currently about 215,536.47 USD), <a href="https://nonfungible.com/market-tracker/cryptopunks" target="_blank" rel="noreferrer noopener">CryptoPunks</a> is easily one of the most profitable NFT collections to date. Matt and John’s success was one of the driving factors for the expansion of the NFT market. </p>



<p>New investors, encouraged by their success, began to produce and trade their own NFTs in hopes of seeing even a fraction of the success that they saw. In addition to new entrepreneurs, celebrities joined the bandwagon and began to invest with CryptoPunks.</p>



<p> Serena Williams, Snoop Dogg, Steve Aoki, and Odell Becham Jr. are just a handful of the celebrities that are currently invested in CryptoPunks.</p>



<h2>2018-2020 &#8211; The NFT Renaissance&nbsp;</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="384" src="http://nfcms1/app/uploads/2022/04/NFT-project-generation-2018-2020-1024x384.png" alt="NFT project generation 2018-2020" class="wp-image-20213" srcset="http://nfcms1:80/app/uploads/2022/04/NFT-project-generation-2018-2020-1024x384.png 1024w, http://nfcms1:80/app/uploads/2022/04/NFT-project-generation-2018-2020-300x113.png 300w, http://nfcms1:80/app/uploads/2022/04/NFT-project-generation-2018-2020-768x288.png 768w, http://nfcms1:80/app/uploads/2022/04/NFT-project-generation-2018-2020-1536x576.png 1536w, http://nfcms1:80/app/uploads/2022/04/NFT-project-generation-2018-2020.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>NFT History on Ethereum &#8211; 2018-2020 generation</em></figcaption></figure></div>



<p>2018 marked the start of the NFT Boom. Not only was the marketplace beginning to take shape on sites like OpenSea, but NFTs began to enter the real world for the first time. 2018 was known as the year of acceptance for the Non-Fungible Token. Moving into the mainstream, NFTs were able to gain more acceptance by those outside of the traditional ‘Tech Bro’ sphere.</p>



<p>&nbsp;In January 2018, the <a href="https://raredigitalartfestival.splashthat.com/" target="_blank" rel="noreferrer noopener">Rare Digital Art Festival</a> hosted an NFT-focused gathering for collectors to explore and bid on popular pieces. On February 12th, <a href="https://nonfungible.com/reports/2018/en/yearly-nft-market-report" target="_blank" rel="noreferrer noopener">NonFungible.com launched the first NFT </a><a href="https://nonfungible.com/reports/2018/en/yearly-nft-market-report">Yearly Report</a> tracking trends on the Ethereum chain. This was the first time ETH-based NFTs and cryptocurrencies received a defining, comprehensive market review.</p>



<p>Moving into 2019, Web3 wallets like <a href="https://metamask.io/" target="_blank" rel="noreferrer noopener">Metamask </a>became more accessible and widely utilized by the community. NFT-based games and collectibles began to rise in popularity allowing for the <a href="https://nftexplained.info/the-history-of-nfts-nft-games-a-fact-based-inquiry/" target="_blank" rel="noreferrer noopener">gaming community and NFT community to merge</a>. Previously, games such as <a href="https://etheria.world/" target="_blank" rel="noreferrer noopener">Etheria </a>(2015) and <a href="https://www.cryptokitties.co/" target="_blank" rel="noreferrer noopener">CryptoKitties</a> (2017), while popular, were not joined by other game developers until the NFT boom of 2018-2020.&nbsp;</p>



<p>2020 marked a continuation of NFT growth. Major news networks began to pick up on stories related to NFTs and the general population was exposed to them for the first time.&nbsp; <a href="https://rarible.com/?gclid=Cj0KCQjwl7qSBhD-ARIsACvV1X2qqNGNEDLurncot2FywqsdSWAVaS5NIaVSPD1gvk9jFzz6ovKytF4aAo5jEALw_wcB" target="_blank" rel="noreferrer noopener">Rarible, a decentralized</a> exchange for NFTs, launched with great success, even though it had some issues relating to washtrading. In addition, fractionalized NFTs, the division of larger NFTs into more affordable segments began to be popularized and allowed for a larger number of individuals to own previously sold out or unaffordable projects.&nbsp;&nbsp;</p>



<p>With an explosion of NFTs and a surge of new buyers fueling the market, the NFT community saw record profits and a flood of new artists entering the field. This boom lasted well through 2020 and only began to stabilize during 2021.</p>



<h2>2021 – The Year of Representation</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="384" src="http://nfcms1/app/uploads/2022/04/NFT-project-generation-2021-2022-1024x384.png" alt="NFT project generation 2021-2022" class="wp-image-20217" srcset="http://nfcms1:80/app/uploads/2022/04/NFT-project-generation-2021-2022-1024x384.png 1024w, http://nfcms1:80/app/uploads/2022/04/NFT-project-generation-2021-2022-300x113.png 300w, http://nfcms1:80/app/uploads/2022/04/NFT-project-generation-2021-2022-768x288.png 768w, http://nfcms1:80/app/uploads/2022/04/NFT-project-generation-2021-2022-1536x576.png 1536w, http://nfcms1:80/app/uploads/2022/04/NFT-project-generation-2021-2022.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption> <em>NFT History on Ethereum &#8211; 2021 generation</em> </figcaption></figure></div>



<p>One of the biggest and most exciting developments of 2021 was the launch of the first-ever female-run NFT projects. The discovery that <a href="https://fameladysquad.com/" target="_blank" rel="noreferrer noopener">Fame Lady Squad</a>, a project that had previously held the status as the first female-run NFT project turned out to be operated<a href="https://decrypt.co/78329/ethereum-nft-fraud-fame-lady-squad" target="_blank" rel="noreferrer noopener"> by Russian men</a>. This opened up a spirited discussion about the lack of female representation in the NFT space and put a fire under those who were eager to make changes.&nbsp;</p>



<p>Determined to increase the presence of women in the Web3 space, <a href="https://worldofwomen.art/" target="_blank" rel="noreferrer noopener">World of Women</a> stepped up with a project that was designed by and for women. This time for real. Created by <a href="https://www.linkedin.com/in/yam-karkai-141075185/?originalSubdomain=fr" target="_blank" rel="noreferrer noopener">Yam Karkai</a>, World of Women was created to ensure that women of all backgrounds were represented, sometimes for the first time, in the NFT space. Celebrities such as Reese Witherspoon and Eva Longoria were quick to jump onto the project, showing their support of female artists in a previously male-dominated space.&nbsp;</p>



<p>World of Women was not the only female-run NFT project to launch in 2021. <a href="https://mysocialcanvas.com/" target="_blank" rel="noreferrer noopener">Boss Beauties</a>, founded by feminist and artist Lisa Mayer, broke away from the traditional strategy of NFT artists maintaining their anonymity and began to use NFTs as a means of empowering women around the world.&nbsp;</p>



<p>2021 truly was the year of female representation, but it was also a year of representation for other marginalized groups.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="499" src="http://nfcms1/app/uploads/2022/04/queenly-nft-1024x499.jpg" alt="The queenly nft" class="wp-image-20220" srcset="http://nfcms1:80/app/uploads/2022/04/queenly-nft-1024x499.jpg 1024w, http://nfcms1:80/app/uploads/2022/04/queenly-nft-300x146.jpg 300w, http://nfcms1:80/app/uploads/2022/04/queenly-nft-768x374.jpg 768w, http://nfcms1:80/app/uploads/2022/04/queenly-nft.jpg 1275w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption><em>NFT History on Ethereum &#8211; The Queenly NFT</em></figcaption></figure></div>



<p><a href="https://www.queenlynft.com/home" target="_blank" rel="noreferrer noopener">Queenly NFT</a>, “an NFT cryptogallery for queer creators” launched in April of 2021. Marking the first marketplace entirely focused on hosting, marketing, and launching LGBTQ+ run projects. Founded by <a href="https://www.instagram.com/missrubypowers/" target="_blank" rel="noreferrer noopener">Drag Queen Ruby Powers</a>, this marketplace is the first of its kind and has already helped a dozen LGBTQ+ artists launch their NFTs.</p>



<p>Artist <a href="https://twitter.com/8sianmom?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="noreferrer noopener">Nicole Yap</a>, disheartened by the male-dominated NFT space and fueled by her desire to reconnect with her cultural roots and preserve it for generations to come, created <a href="https://www.8siannft.com/#keyinfo" target="_blank" rel="noreferrer noopener">8SIAN</a>, an NFT that celebrated Asian women as well as their art and culture.&nbsp;</p>



<p>In February 2021, <a href="https://www.linkedin.com/in/iris-nevins/" target="_blank" rel="noreferrer noopener">Iris Nevins</a> founded<a href="https://www.umbadaima.com/" target="_blank" rel="noreferrer noopener"> Umba Daima</a>, an NFT studio designed to strengthen and diversify the Web3 Ecosystem. Nevins believes that the NFT space will help her to “ensure Black artists can gain visibility and generate wealth”. You can read more about her work <a href="https://afrotech.com/iris-nevins-launches-nft-platform-for-black-artists-earning-140k?item=1" target="_blank" rel="noreferrer noopener">here</a>.&nbsp;</p>



<p>All of these projects launched in 2021, and though they hardly include all projects that launched during the year, they represent the influx of new faces joining the NFT community and working to transform it into something new, vibrant, and diverse.&nbsp;</p>



<h2>2022 and Beyond: Where Are We Heading?</h2>



<p>2021 showed stabilization in the markets and a more consistent level of growth within the industry, which is in stark contrast to the relatively unpredictable growth between 2018-2020.&nbsp; It may be reasonable to assume that the markets have moved out of the “Gold Rush” stage of its development. </p>



<p>This does not mean that the markets have completely stabilized. It is safe to assume that there will continue to be spikes and valleys as the relatively new industry works out remaining growing pains and continues to regulate. Though, we can assume that they will not be as dramatic as they have been in the past.&nbsp;</p>



<p>Growing pressures from <a href="https://www.nasdaq.com/articles/nft-regulation-looms-large-so-lets-start-with-the-proper-framework" target="_blank" rel="noreferrer noopener">world governments</a> to regulate the markets produce a lot of unknowns. New regulations and laws surrounding the industry will more likely than not lead to more measured sales and purchases. Such developments could slow the market, but will ultimately lend more credibility and security overall. </p>



<p>By implementing laws and fail-safes, there will be fewer opportunities for less scrupulous individuals to commit fraud utilizing the blockchain and will hopefully create a contingency if those incidents occur.</p>



<h2>The Changing Face of NFTs</h2>



<p>With NFTs being known as a mostly male-dominated industry, it is encouraging to see a broader range of artists, entrepreneurs, and developers enter the field. Seeing oneself represented in an industry is crucial to fostering creativity and growth in any sector. The public face of NFTs is one that is focused on social and environmental change rather than being a purely tech-based industry.&nbsp;</p>



<p>Recently, attention has been brought to previous practices that made NFTs environmentally unfriendly. With a high carbon footprint, NFTs were utilizing processes that created large amounts of carbon and did little to offset that damage. Recently, carbon-neutral processes have been developed that ensure that NFTs are more environmentally conscious.&nbsp;</p>



<p>With a new focus on <a href="https://www.goskagit.com/climate-nonprofits-and-blockchains-collaborate-with-seattle-nft-museum-to-exhibit-the-climate-conversation/article_2e00cf8b-4889-5ef0-9f5a-ffffb8659528.html" target="_blank" rel="noreferrer noopener">ensuring NFTs are environmentally friendly</a>, the future of NFTs could easily be a green one.&nbsp;</p>



<div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div>



<div class="wp-block-image academy-upsell"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/academy" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1024x1024.png" alt="Need help understanding the NFT ecosystem? Explore the NFT Academy" class="wp-image-66341" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


Pinpointing exactly what year NFTs were first developed is a subject that is up for debate. This article focuses on NFTs minted on Ethereum, so there are some early projects that will not be discussed in this article.  

The History of NFTs on Ethereum


<p>In this article we will look at the main NFT projects in the history of Bitcoin. We will start with the birth of Namecoin (Quantum and Monegraph) then Colored Coins in 2012 and finally the projects born on the Counterparty side-chain (OLGA, Rare Pepes etc).</p>



<ul><li><strong>2010 : Birth of BitDNS and Namecoin</strong></li><li><strong>2012 : Colored Bitcoin</strong></li><li><strong>2014: Counterparty&nbsp;</strong></li><li><strong>2014: Quantum</strong></li><li><strong>2014: Monegraph</strong></li><li><strong>2014: The Thing&nbsp;</strong></li><li><strong>2014 : OLGA</strong></li><li><strong>2014: NILICoin</strong></li><li><strong>2015: Spell of Genesis (FDCARD)</strong></li><li><strong>2016: Force of Will (FoW)</strong></li><li><strong>2016: Rare Pepes&nbsp;</strong></li><li><strong>2017: Age of Chains</strong></li></ul>



<h2>Namecoin</h2>



<h3><strong>Birth of Namecoin</strong></h3>



<p>In September 2010, a discussion was started on the BitcoinTalk forum about a project called BitDNS.&nbsp;</p>



<p>The project that started as BitDNS was born as the very first &#8220;alternative Bitcoin&#8221;: Namecoin. This means that Namecoin is a cryptocurrency originally forked from Bitcoin software and can store data within its own blockchain transaction database. Namecoin was also the first solution to implement decentralized DNS. This project, supported by Satoshi Nakamoto himself, allows the creation of a .bit domain name, still functional today.&nbsp;&nbsp;</p>



<h3><strong>Quantum</strong></h3>



<p>The original work &#8220;Quantum&#8221; (May 2014) by Kevin McCoy, <a href="https://medium.com/message/a-bitcoin-for-digital-art-8c7db719e495" target="_blank" rel="noreferrer noopener">was created on the NameCoin blockchain</a>, it is generally considered the first NFT in history.&nbsp;</p>



<p>The work was sold in June 2021 for $1.47 million at Sotheby&#8217;s &#8220;Natively Digital&#8221; auction. However, in a <a href="https://www.artnews.com/art-news/news/sothebys-kevin-mccoy-quantum-nft-sale-lawsuit-1234618249/" target="_blank" rel="noreferrer noopener">complaint</a> filed on 1 February 2022 in the Southern District Court of New York, a claimant asserts that he is the rightful owner of the Quantum work and that he obtained the rights to the work 7 years after its creation. Like the purchase of a domain name, NameCoins must be renewed approximately every 250 days. After creating the work in 2014, McCoy did not renew Quantum in 2015, meaning that the work could presumably be claimed by someone else.</p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">So happy to own the first ever NFT, Quantum, from <a href="https://twitter.com/mccoyspace?ref_src=twsrc%5Etfw">@mccoyspace</a><br><br>A piece of history. Let&#39;s see how we can continue its story. <a href="https://t.co/kCjke2CGkd">pic.twitter.com/kCjke2CGkd</a></p>&mdash; Sillytuna (am I an AI?) (@sillytuna) <a href="https://twitter.com/sillytuna/status/1403011184899629069?ref_src=twsrc%5Etfw">June 10, 2021</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h3><strong>Monegraph</strong></h3>



<p><a href="https://www.coindesk.com/markets/2014/05/15/how-monegraph-uses-the-block-chain-to-verify-digital-assets/" target="_blank" rel="noreferrer noopener">Monegraph is a collaborative</a> project between a New York University professor and a technologist. The project aimed to provide artists with a new way to secure digital property by registering it on the Namecoin blockchain.</p>



<p>To use the service, users had to connect to Monegraph via Twitter and then choose the URL of an artwork. A payment via Namecoin registered the Twitter account and the URL on the blockchain.</p>



<p>Thus, Monegraph became the first project to offer artists a tool to register digital works on the blockchain.</p>



<h3><strong>2012 Colored Coins (Bitcoin 2.X)</strong></h3>



<p>The first mention of the Colored Coins project seems to come from a blog post published in early 2012 by Yoni Assia, entitled <a href="https://yoniassia.com/coloredbitcoin/" target="_blank" rel="noreferrer noopener">&#8220;Bitcoin 2.X -(aka Colored Bitcoin)&#8221;</a>.&nbsp;</p>



<p>Colored Coins is a meta-protocol that allows users to associate real assets with Bitcoin addresses. Colored Coins encapsulates information on small amounts of Bitcoin.</p>



<p>The idea was to add metadata to Bitcoin transactions corresponding to a state for a token, using the blockchain as a registry. This idea of Colored Coins has been implemented by many protocols, such as OpenAssets, ChromaWay or Colu. However, the main projects have been Mastercoin and Counterparty, which have improved the basic protocol and made it easier to create tokens and track them through a dedicated explorer.</p>



<h2>Bitcoin / Counterparty</h2>



<h3><strong>Birth of Counterparty</strong></h3>



<p>The creation of Colored Coins allowed many people to realize the enormous potential of issuing assets on the blockchain. However, people also realized that Bitcoin itself, in its current iteration, was not intended to enable these additional features. In 2014, Robert Dermody, Adam Krellenstein and Evan Wagner founded <a href="https://counterparty.io/" target="_blank" rel="noreferrer noopener">Counterparty: a peer-to-peer platform built on top of the Bitcoin blockchain</a>. As such, Counterparty allows the creation of assets, has a decentralized exchange and even a token: XCP.</p>



<p><a href="https://counterparty.io/" target="_blank" rel="noreferrer noopener">Counterparty</a> was created in a decentralized way by a community and without an ICO. The way it was created had a great influence on the projects that were developed afterwards. Below we will look at the iconic projects developed on this Bitcoin side-chain: The Thing, OLGA, NILICoin, Spell of Genesis, Force of Will and Rare Pepes and Age of Chains.</p>



<h3><strong>April 2014 – The Thing&nbsp;</strong></h3>



<p><em>The creator of the project has been contacted but did not answer. </em></p>



<h3><strong>June 2014 – OLGA</strong></h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="934" height="418" src="http://nfcms1/app/uploads/2022/03/Bitcoin-NFT-NILIcoin.jpg" alt="Bitcoin NFT NILIcoin" class="wp-image-18597" srcset="http://nfcms1:80/app/uploads/2022/03/Bitcoin-NFT-NILIcoin.jpg 934w, http://nfcms1:80/app/uploads/2022/03/Bitcoin-NFT-NILIcoin-300x134.jpg 300w, http://nfcms1:80/app/uploads/2022/03/Bitcoin-NFT-NILIcoin-768x344.jpg 768w" sizes="(max-width: 934px) 100vw, 934px" /><figcaption><em>Source: <a href="https://xchain.io/search?query=NILICoin" target="_blank" rel="noreferrer noopener">Xchain.io</a></em></figcaption></figure></div>



<p><a href="https://jpjanssen.com/timeline-of-olga-nft/" target="_blank" rel="noreferrer noopener">The OLGA token was created</a> by 2 Bitcoin transactions. The first fixes the supply to an indivisible token with the description &#8220;Моя Вечная One &amp; Only&#8221;. The second transaction locks the supply, meaning that no more tokens with this name can ever be issued on Counterparty.</p>



<p>Thus, this token was minted as a gift to the creator&#8217;s girlfriend. &#8220;Моя Вечная One &amp; Only&#8221; translates as &#8220;My one and only eternity&#8221;. The symbolism is explicit. I imagined it as a &#8220;relationship token and it turned out to be a non-fungible token far ahead of its time&#8221;. It is indeed the first 1/1 token locked on <a href="https://counterparty.io/" target="_blank" rel="noreferrer noopener">Counterparty</a>.</p>



<p><strong>September 2014 &#8211; NILICoin</strong></p>



<p>NILICoin or art coin was launched on the Counterparty Bitcoin side-chain in September 2014. <a href="https://bitcointalk.org/index.php?topic=782161.0" target="_blank" rel="noreferrer noopener">It aimed to create a protocol</a> where assets could be issued against BTC.</p>



<p>This can be seen as the first form of tokenization as NILICoin was backed by the value of artworks. So buying NILICoins was in effect buying portions of one&#8217;s artwork in a proportional way. Approximately 100,000 NILICoins were issued and distributed according to the total value of the art collection. You can find their listing on the xchain.io Counterparty block explorer.</p>



<h3><strong>2015 &#8211; Spell of Genesis (FDCARD)</strong></h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1000" height="361" src="http://nfcms1/app/uploads/2022/03/bitcoin-nft-spell-of-genesis.jpg" alt="bitcoin nft spell of genesis" class="wp-image-18608" srcset="http://nfcms1:80/app/uploads/2022/03/bitcoin-nft-spell-of-genesis.jpg 1000w, http://nfcms1:80/app/uploads/2022/03/bitcoin-nft-spell-of-genesis-300x108.jpg 300w, http://nfcms1:80/app/uploads/2022/03/bitcoin-nft-spell-of-genesis-768x277.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /><figcaption><em>Spell of Genesis Cards</em></figcaption></figure></div>



<p><a href="https://spellsofgenesis.com/" target="_blank" rel="noreferrer noopener">Spells Of Genesis</a> was launched in May 2015 on the Counterparty side-chain. It was one of the first blockchain-based trading card games. An ancestor of play-to-earn (P2E).</p>



<p>Players must collect and combine cards to create the most powerful deck to fight their enemies. Collect, trade and match cards to build the strongest team and challenge multiple opponents as you explore the fantastic realm of Askian</p>



<p>Today, Spells of Genesis can be played on an iOS or Android device, as well as via a PC browser.</p>



<h3><strong>2016 – Force of Will (FoW)</strong></h3>



<p>In 2016, the creators of Spells of Genesis, launched a second project in partnership with the renowned Japanese trading card company Force of Will (FoW).&nbsp;</p>



<p>Force of Will Battle Simulator features assets on Counterparty as game elements. The game items were tokenized on the Bitcoin blockchain, just like Spells of Genesis. Some FoW items were also playable in Spell of Genesis. This synergy between the games demonstrates the utility of the blockchain in making assets interoperable, creating new opportunities for game developers.</p>



<p>FoW, EverdreamSoft and Indiesquare had also partnered to create a platform for mobile app developers to easily tokenize objects on the Counterparty side-chain.</p>



<h3><strong>2016 – Rare Pepes and the birth of CryptoArt</strong></h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1147" height="525" src="http://nfcms1/app/uploads/2022/03/bitcoin-nft-rarepepe.jpg" alt="bitcoin nft rarepepe" class="wp-image-18599" srcset="http://nfcms1:80/app/uploads/2022/03/bitcoin-nft-rarepepe.jpg 1147w, http://nfcms1:80/app/uploads/2022/03/bitcoin-nft-rarepepe-300x137.jpg 300w, http://nfcms1:80/app/uploads/2022/03/bitcoin-nft-rarepepe-1024x469.jpg 1024w, http://nfcms1:80/app/uploads/2022/03/bitcoin-nft-rarepepe-768x352.jpg 768w" sizes="(max-width: 1147px) 100vw, 1147px" /><figcaption><em>Source: <a href="http://rarepepedirectory.com/" target="_blank" rel="noreferrer noopener">Rarepepedirectory</a></em></figcaption></figure></div>



<p>As the creation of tokens on Counterparty was not limited, many experiments were performed on the protocol. It gave birth to the first social tokens (like Adam Levine&#8217;s) and the first real CryptoArt project with Rare Pepes.</p>



<p>In October 2016, people started issuing Rare Pepes on the Counterparty platform as assets. A Rare Pepes is a type of meme featuring this frog character. The Pepes collection consists of 36 different series.</p>



<p>In addition to being registered on the blockchain, the Rare Pepe Meme Directory has &#8220;experts&#8221; who certify the rarity of the works.</p>



<h3><strong>2017 – Age of Chains</strong></h3>



<p>Age of Chains is a game created in 2016 that takes place in an imaginary future. Players must build a deck of cards and defeat their opponent in 1-on-1 battles.</p>



<p>Cards are recorded on the Counternparty side-chain. Wood Coins guardian was the first card released from Age of Chains in November 2016. UG, a Berlin-based company started by Klilian Kunst and Enrico Paiardi are behind the project.</p>



<h2>Conclusion</h2>



<p>The history of non-fungible tokens is much longer than one might imagine. We have seen how, from a rather vague notion at the beginning, namely an inclusion of data in a blockchain, the concept has evolved and been refined. The first attempts at NFTs took place as early as 2012 with the Colored Coins project.</p>



<p>The story of NFTs is already 10 years old but its future is even more promising, because beyond the fields of art or games, NFTs can change many things in our daily life, by transforming what is common, digital data, into something rare.&nbsp;</p>



<p>History is still being made&#8230;</p>



<p>Sources&nbsp;: <a href="https://www.theartnewspaper.com/2022/02/04/sothebys-kevin-mccoy-lawsuit-quantum-nft" target="_blank" rel="noreferrer noopener">The Art Newspaper</a> &#8211; <a href="https://www.coindesk.com/markets/2014/05/15/how-monegraph-uses-the-block-chain-to-verify-digital-assets/" target="_blank" rel="noreferrer noopener">Coindesk</a></p>



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<div class="wp-block-image academy-upsell"><figure class="aligncenter size-large is-resized"><a href="https://nonfungible.com/academy" target="_blank" rel="noopener"><img loading="lazy" src="http://nfcms1/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1024x1024.png" alt="Need help understanding the NFT ecosystem? Explore the NFT Academy" class="wp-image-66341" width="512" height="512" srcset="http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1024x1024.png 1024w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-300x300.png 300w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-150x150.png 150w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-768x768.png 768w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1-1536x1536.png 1536w, http://nfcms1:80/app/uploads/2022/08/Nonfungible_NFT-Academy-1x15-1.png 1650w" sizes="(max-width: 512px) 100vw, 512px" /></a></figure></div>


The history of Non-Fungible Tokens (NFTs) begins long before the term existed. Even if NFTs were not referred to, projects such as Namecoin and Counterparty paved the way for the innovation of today. Indeed, the notion of uniqueness in tokenization appeared on the Bitcoin blockchain as early as 2010. 

The History of NFTs on Bitcoin


<p>Every week, we analyze the statistics and activity of the Non-Fungible Token (NFT) market from the previous week. This allows us to share the state of the market and offer you an independent on-chain reading of the data thanks to several indicators.</p>



<h2>The weekly stats of NonFungible.com&nbsp;</h2>



<p>We have separated the market analysis into two parts:</p>



<ul><li><strong>Dapp Activity</strong>: Includes all activity related to smart-contracts. Transfers, sales, purchases, transaction fees, sale price in USD, active addresses.</li><li><strong>Sales activity</strong>: Includes activity related only to sales. Unique sellers, unique buyers, active addresses, and sales price in USD</li></ul>



<p>Dapp activity can sometimes be misleading, which is why when we talk about USD sales, we will focus exclusively on sales activity.</p>



<p>Here are the definition of the terms we use in the Weekly stats:</p>



<ul><li><strong>Active Wallets</strong>: Number of unique crypto-wallets in a project. A single user may have several wallets.</li><li><strong>Buyers</strong>: Any user who purchases an NFT.</li><li><strong>Transaction</strong>: Action on a blockchain which sends crypto-currency or interacts with a smart contract to store or initiate different programs. For example: Transferring an NFT.</li><li><strong>Sales volume</strong>: Total volume/quantity/number of asset sales. 10 NFT sold in a single bundle is considered 10 sales.</li><li><strong>Sellers</strong>: Any wallet that sells an NFT.</li><li><strong>Transaction volume (dApp)</strong>: Total number of transactions of a dApp, including buys, sells and interaction of smart contracts such as: bids and withdraws, transfers, minting, configuration, etc.</li><li><strong>USD volume (dApp)</strong>: Total USD volume of a dApp, including buys, sells and interaction of smart contracts such as: bids and withdraws, transfers, minting, configuration, etc.</li><li><strong>USD volume (from sales)</strong>: Total USD volume from only NFT sales.</li></ul>



<h2>How to read the statistics?</h2>



<p>Having a visualization of the data makes reading easier, but may require some explanations to actually understand it. Indeed, some activities can be misleading and in order not to fall into FOMO, here are some explanations to better understand what is happening.</p>



<h3>Dapp Activity</h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="675" src="http://nfcms1/app/uploads/2022/01/Weekly-stats-dapp-activity.jpg" alt="Weekly stats dapp activity" class="wp-image-12970" srcset="http://nfcms1:80/app/uploads/2022/01/Weekly-stats-dapp-activity.jpg 1200w, http://nfcms1:80/app/uploads/2022/01/Weekly-stats-dapp-activity-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/01/Weekly-stats-dapp-activity-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/01/Weekly-stats-dapp-activity-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption><em>NonFungible.com &#8211; Weekly dapp activity</em></figcaption></figure></div>



<p>As explained above, the dapp activity concerns all the activity related to a project. Each week, we present 5 projects that stand out the most from the rest of the market&#8217;s activity according to two indicators: <strong>the number of transactions and the number of active addresses</strong>.</p>



<p>By crossing these two indicators, it makes it possible to know if the number of addresses is disproportionate to the number of transactions carried out.</p>



<p>In the example above, the Creepz project has 5 times more transactions than active addresses. That&#8217;s why we posted a sign indicating abnormal activity. This does not necessarily mean that this activity is entirely artificial. But this is unusual compared to what we can usually see. <strong>We encourage you to do further due diligence when you see this sign appear.</strong></p>



<h3>Buyers VS Sellers</h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="675" src="http://nfcms1/app/uploads/2022/01/Weekly-stats-buyers-vs-sellers.jpg" alt="Weekly stats buyers vs sellers" class="wp-image-12969" srcset="http://nfcms1:80/app/uploads/2022/01/Weekly-stats-buyers-vs-sellers.jpg 1200w, http://nfcms1:80/app/uploads/2022/01/Weekly-stats-buyers-vs-sellers-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/01/Weekly-stats-buyers-vs-sellers-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/01/Weekly-stats-buyers-vs-sellers-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption>NonFungible.com &#8211; Weekly number of buyers vs sellers</figcaption></figure></div>



<p>This indicator is based on the 20 projects that had the most buyers or sellers in the past week. This indicator can vary greatly from week to week. If 20 projects launch on week 1, then 10 on week 3, and 5 on week 4, the activity of weeks 3 or 4 may seem very low.</p>



<p>Knowing the number of buyers versus the number of sellers over the past week serves two purposes.</p>



<p>The first, to know if we are in a bullish or bearish phase. Indeed, as long as the number of buyers exceeds that of sellers, it can display good health of the market. Conversely, if the number of sellers were to exceed the number of buyers, it could mean that users want to leave the market.</p>



<p>The second thing is to have a global view of the history of the projects that brought together the most buyers and sellers in the past week. <strong>Is there strong hype on some projects? Are they overvalued? What was the number of buyers and sellers present in the previous week&#8217;s projects?</strong></p>



<p>The information of the number of buyers and sellers can be cross-checked with that of Dapp Activity. This helps to better understand whether this trend is consistent with the best performing projects.</p>



<h3>Top 5 USD Sales</h3>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="675" src="http://nfcms1/app/uploads/2022/01/Weekly-stats-5-usd-sales.jpg" alt="Weekly stats 5 usd sales" class="wp-image-12968" srcset="http://nfcms1:80/app/uploads/2022/01/Weekly-stats-5-usd-sales.jpg 1200w, http://nfcms1:80/app/uploads/2022/01/Weekly-stats-5-usd-sales-300x169.jpg 300w, http://nfcms1:80/app/uploads/2022/01/Weekly-stats-5-usd-sales-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2022/01/Weekly-stats-5-usd-sales-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption>NonFungible.com &#8211; Weekly Top 5 USD sales </figcaption></figure></div>



<p>Our most viewed indicator: the 5 projects that generated the largest USD volumes thanks to last week&#8217;s sales. This indicator takes into account only sales, transaction costs are not counted.</p>



<p>It is therefore interesting to note that some projects that appear in this weekly statistic are absent from the one on the Dapp Activity. For example, despite a very large volume of transactions for the Creepz project, it did not generate sufficient USD volume to arrive in front of Metroverse.</p>



<p>Conversely, the Azuki project was particularly successful despite an absence in our Dapp Activity indicator.</p>



<h2>Who is going to “make it”? Don’t Fear of Missing Out and Do Your Own Research.</h2>



<p>The NFT market can be particularly difficult to follow with the weekly appearance of new projects. Accompanied by often very aggressive communications and marketing of projects, the feeling of &#8220;missing the train&#8221; can be omnipresent.</p>



<p>Since the summer of 2021, we have seen many projects launch with very strong activity but this has not followed in time. If you&#8217;re thinking of investing in a long-term project, the launch hype doesn&#8217;t matter.</p>



<p>Doing your own research on the teams and their ability to carry a project to the end is the most decisive element for its success. <strong>Success, or Gonna Make It (GMI), is not calculated over a single week but over several years.</strong></p>



<p>The projects that were set up during the 2018 bear market are currently still in beta and each step of their roadmap takes longer than announced. This is normal, the use of NFTs is still very young. Many seem to forget that and that&#8217;s why we keep reminding ourselves: don&#8217;t give in to FOMO, do your own research before investing in a project.</p>



<p>Having only money as a driver is not sufficient for long term success. If you aspire to build the web of tomorrow, the infamous Web3 a personal investment of your time in projects is necessary. Without an exchange between project creators and their community, what is the real value of any NFT project?</p>



<p>Don’t forget to follow us on our different social networks!</p>



<p><a href="https://nonfungible.com/" target="_blank" rel="noreferrer noopener">NonFungible.com</a> &#8211;<a href="https://twitter.com/nonfungibles" target="_blank" rel="noreferrer noopener"> Twitter</a> &#8211;<a href="https://discord.gg/nonfungible" target="_blank" rel="noreferrer noopener"> Discord</a> &#8211; <a href="https://www.linkedin.com/company/nonfungible/" target="_blank" rel="noreferrer noopener">&nbsp;Linkedin</a> &#8211;<a href="https://www.instagram.com/nonfungiblecom/?utm_source=nonfungible" target="_blank" rel="noreferrer noopener"> Instagram</a></p>



<p>Want to benefit from our <a href="https://nonfungible.com/services" target="_blank" rel="noreferrer noopener">services, supporting you in your NFT projects?</a>&nbsp; If so, we can offer:</p>



<ul><li><a href="https://nonfungible.com/services#portfolio-valuation" target="_blank" rel="noreferrer noopener">Evaluation of your NFT portfolio</a></li><li><a href="https://nonfungible.com/services#consulting" target="_blank" rel="noreferrer noopener">Personalized advice for your NFT projects</a></li><li><a href="https://nonfungible.com/services#marketing" target="_blank" rel="noreferrer noopener">Targeted communication</a></li></ul>


Every week we offer several indicators to better understand the market. Have you noticed at times we report unusual activity?

How to read NonFungible.com’s weekly stats?


<p>More and more projects are being built in the metaverse, multiverse or web3. The different ideas that can be found behind these projects are exciting because they bring us a little closer to the goal of decentralizing the web. And so, create an open and decentralized meta-universe.</p>



<p>This idea is also supported by <a href="https://curionft.com/" target="_blank" rel="noreferrer noopener">CurioNFT</a> which recently set up Blocks. </p>



<h2><strong>About CurioNFT&#8217;s Blocks</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="308" src="http://nfcms1/app/uploads/2021/12/curioNFT-blocks-1024x308.jpg" alt="curioNFT blocks" class="wp-image-11778" srcset="http://nfcms1:80/app/uploads/2021/12/curioNFT-blocks-1024x308.jpg 1024w, http://nfcms1:80/app/uploads/2021/12/curioNFT-blocks-300x90.jpg 300w, http://nfcms1:80/app/uploads/2021/12/curioNFT-blocks-768x231.jpg 768w, http://nfcms1:80/app/uploads/2021/12/curioNFT-blocks.jpg 1317w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>CurioNFT&#8217;s Blocks</figcaption></figure></div>



<p>Blocks act like a gallery with a game engine which creates <strong>additional utility for your Non-Fungible Tokens (NFTs)</strong>:&nbsp; unique 3D environment and display mechanism for NFT collections. They are an exciting new way to showcase your NFTs in the metaverse, create storytelling opportunities, and interact with communities.</p>



<p>CurioNFT created Blocks to empower the utility to create, flex, share, and earn through the platform.</p>



<h2>Create, Flex, Share and Earn with Blocks</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img src="http://nfcms1/app/uploads/2021/12/blocks-graphic.jpg" alt="blocks graphic" class="wp-image-11777"/></figure></div>



<h3>CREATE </h3>



<p>Create custom spaces to experience and <strong>display your NFT collections</strong>. Blocks can be personalized by you and other users!&nbsp; Blocks allows a wide variety of new designs and fun features for their NFT collections to shape a full custom user experience. Choose unique environments, add your NFTs, and flex them to your friends.&nbsp;</p>



<h3>FLEX </h3>



<p>Who doesn’t like to “flex” an expression of ourselves? Your digital collections reflect your personality and Blocks is a great way to customize your NFT collection to show the world !&nbsp; Make static environments dynamic and <strong>craft new worlds to explore with Blocks.</strong> Show the latest projects you’ve appreciated and share them with others.</p>



<h3>SHARE </h3>



<p>One important thing in the NFT ecosystem is sharing. Blocks takes the collecting beyond acquisition and makes it more social, engaging, and fun. It’s important to invite others to check out your Block and visit theirs. Be inspired and <strong>share your creations and collaborate with others</strong>. The more connections, the more opportunities to engage and earn points.&nbsp;&nbsp;</p>



<h3>EARN&nbsp;</h3>



<p>Finally, it’s important to know that CurioNFT thought about giving back. The more you interact with Blocks, the more chances you have to get rewarded. As you create and share your Blocks, you earn points that will allow you to claim rewards. In the future, points can be converted to Tokens!&nbsp;</p>



<h2><strong>Build with CurioNFT</strong></h2>



<p>As the metaverse develops, CurioNFT believes this kind of growth, imagination, and innovation are essential to keep the NFT market from becoming stagnant and oversaturated. CurioNFT sees a commitment to storytelling and investment in value-added features like Blocks as part of our differentiation in a marketplace crowded with purveyors of simple, low-utility collectibles.</p>



<p>This is why CurioNFT invites those with vision and ambition to think beyond the collectible and join the journey with Blocks.&nbsp;Blocks’ next phase with new utility and new environments launches this month.</p>



<p>Do not hesitate to follow them on their social networks: <a href="https://curionft.com/" target="_blank" rel="noreferrer noopener">Website</a> </p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


After buying artistic NFTs, why not showing it off to the rest of the world? This is what CurioNFT offers with a new feature: Blocks.

CurioNFT’s ‘Blocks” Take NFTs To The Next Level


<p>During the 90s, a new means of communication began to spread all over the planet: the internet. With the democratization of computers, it was now possible to access a multitude of information from your home.</p>



<h2>From Web1 to Web2</h2>



<p>Called &#8220;Web1&#8221;, however, it was not possible to interact with the available sites, you could simply access it and read information. A growing number of actors took up this new means of communication and made it evolve.</p>



<p>This evolution is above all for the users, being able to write on the web thanks to blogs, comments, online media.. so online interactivity was born! Then came internet access on mobile devices, social networks, streaming and downloading. This universe is commonly called &#8220;Web2&#8221;.</p>



<p>Currently, we use Web2 in our everyday lives with the vast majority of sites hosted on Amazon servers and most of the services we use go through the Cloud, or servers located outside the walls of companies.</p>



<p>In summary, web2 is currently centralized and shared between a few huge companies. Our personal data belongs to them and is used for mercantile purposes at best, surveillance and influence at worst.</p>



<h2>Web3: Taking back internet ownership&nbsp;</h2>



<p>The historical idea behind Web3 is that of a<a href="https://en.wikipedia.org/wiki/Semantic_Web" target="_blank" rel="noreferrer noopener"> semantic web.</a> An internet capable of being read by all machines. But in the end, this idea did not have the desired adoption.</p>



<p>The term Web3 was taken up years later to promote a &#8220;decentralized web&#8221;. This has brought a lot of criticism, because the internet is already decentralized. It was therefore mainly a question of decentralizing not the internet, but rather the ownership of our digital identity. With Ethereum and its smart contracts, the use of blockchain seemed to be part of the solution to this problem. The goal is not to replace Web2, but to provide it with an additional layer.</p>



<p>The name &#8220;Web3&#8221; is therefore a little misleading because in the end, it is an update rather than an upgrade, but the need for this technology is very real.&nbsp;</p>



<h2>The main “utility” projects of Web3</h2>



<p>To address these issues, several projects have been created to cover these usecases:&nbsp;</p>



<ul><li>Decentralized domain name</li><li>Where to buy and sell NFTs?</li><li>Proving a presence to an online event</li><li>How to access to exclusives clubs?</li><li>Selling NFT ticket for concert?</li></ul>



<h3>Decentralized Domain Names</h3>



<p><a href="https://nonfungible.com/market-tracker/ethereumnameservice" target="_blank" rel="noreferrer noopener">Ethereum Name Service</a> (ENS) is a tool that allows you to have a decentralized domain name. Each domain name is an NFT that can redirect to other Ethereum, Bitcoin, Litecoin or Dogecoin addresses. Each registration is limited in time and must be renewed.</p>



<p>Ethereum Name Service makes it possible to simplify the sending of crypto-currencies from one wallet to another. Rather than typing or copying/pasting a very long string of characters as the recipient&#8217;s address, just type &#8220;example.eth&#8221;. It is also possible to register subdomains and associate websites with them.</p>



<p>In 2021, an airdrop of the $ENS token took place for all users who registered an ENS before November. This token will serve as a governance token to decide on the future policies of the project.</p>



<h3>Opensea, Rarible, Zora… Exchange your NFTs through marketplaces</h3>



<p>Open marketplaces are used to gather together nfts from other projects in one place. As soon as an NFT smart contract is deployed on the blockchain, it is possible to go through these platforms to find the smart-contract more easily.</p>



<p>The graphical interface facilitates the purchase of NFTs from other projects. Even if they are not NFTs strictly speaking, these platforms remain very useful for the ecosystem.</p>



<h3>Event Attendance Token</h3>



<p>What if you wanted to say &#8220;I was there&#8221; on the blockchain after attending an event? This is exactly what the<a href="https://poap.xyz/" target="_blank" rel="noreferrer noopener"> Proof of Attendance Protocol</a> (POAP) offers. This token can be claimed during an online event or not (concert, treasure hunt, presale..) Its usefulness simply serves to prove your presence in a place, at a given time.</p>



<h3>NFT key / pass</h3>



<p>Keys are NFTs that allow you to obtain exclusive access to certain events in the metaverses. For example, the<a href="https://themetakey.com/" target="_blank" rel="noreferrer noopener"> Metakey</a> allowed access to the VIP area during the first <a href="https://nonfungible.com/news/metaverse/first-metaverse-festival-decentraland" target="_blank" rel="noreferrer noopener">Metaverse Festival in Decentraland.</a></p>



<p>These keys have different uses depending on the project that delivers it. Generally, they are used to access exclusive drops, have airdrops, buy certain items or be transformed into avatars.</p>



<h3>NFT ticketing of concerts or other cultural events</h3>



<p>The use of NFTs as a ticket for concerts is not yet well known but still has enormous potential. <a href="https://nonfungible.com/news/utility/future-of-ticketing-get-protocol" target="_blank" rel="noreferrer noopener">GET Protocol</a> has already made good progress on the subject, their service having been used by several concerts around the world and also online.</p>



<p>Using an NFT for each ticket makes it possible to have tamper-proof traceability and therefore, radically reduce fraud and counterfeiting. In addition, it is possible to associate several bonuses with each ticket such as access to a VIP area or the possibility of buying exclusive goodies at the end of your concert.</p>



<h2>Utility NFTs will be indispensable in the future</h2>



<p>Technological developments are increasingly rapid and more and more present in our daily lives. Today the term NFT is still used because this technology is new.</p>



<p>But in the same way that it was common to say at one time &#8220;I downloaded an album in MP3&#8221;, tomorrow we will use “utility” NFTs without realizing it.</p>



<p>Having a tamper-proof traceability of a single asset should not, however, rhyme with a generalized surveillance of our actions and actions. The Web3 overlay is a great step forward, but the fight for our individual online freedoms related to Web2 must not be forgotten!</p>


Welcome to the 3rd version of the internet, the "Web3". Everyone uses this term, but what does it really mean?


“Web3”, Ownership and Decentralisation


<h2><strong>Presenting NuPay Technologies</strong></h2>



<p><a href="https://nupaytechnologies.com/" target="_blank" rel="noreferrer noopener">NuPay Technologies</a> was established in 2020 by Brad Wilson, headquartered in Waterville, Ohio. NuPay is developing innovative, eco-friendly projects on an exclusive blockchain that is adapted for them.</p>



<p>The team is fully doxxed and is very compliant with the legislation:</p>



<ul><li>CEO: <a href="https://www.linkedin.com/in/brad-wilson-climb/" target="_blank" rel="noreferrer noopener">Brad Wilson</a></li><li>CTO: <a href="https://www.linkedin.com/in/nathan-trudeau/" target="_blank" rel="noreferrer noopener">Nathan Trudeau</a></li><li>EVP Operations: <a href="https://www.linkedin.com/in/parker--wilson/" target="_blank" rel="noreferrer noopener">Parker Wilson</a></li><li>SVP Marketing: <a href="https://www.linkedin.com/in/joshua-bell-2ba8a3169/" target="_blank" rel="noreferrer noopener">Josh Bell</a></li><li>Managing Director: <a href="https://www.linkedin.com/in/mike-wilson-78529429/" target="_blank" rel="noreferrer noopener">Mike Wilson</a></li><li>SVP Operations: <a href="https://www.linkedin.com/in/sarah-paull/" target="_blank" rel="noreferrer noopener">Sarah Paull</a></li><li>EVP of Sales: <a href="https://www.linkedin.com/in/natechristian10/" target="_blank" rel="noreferrer noopener">Nate Christian</a></li><li>Chief Information Security Officer: <a href="https://www.linkedin.com/in/tony-hanson-nupay/" target="_blank" rel="noreferrer noopener">Tony Hanson</a></li></ul>



<p>The NuPay blockchain, powered by Proof of Randomness provides accessibility, security, speed and value to meet the ever changing demands of businesses, communities, and individuals. We seek to unlock the limitless potential of digital assets; all while having a minimal impact on the planet.&nbsp;</p>



<p>Today, the company wants to develop a new service for its users: an NFT Marketplace.</p>



<h2><strong>The PRISM Marketplace</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img src="http://nfcms1/app/uploads/2021/12/PRISM-marketplace.jpg" alt="PRISM marketplace" class="wp-image-10413"/></figure></div>



<p>This marketplace is above all user-friendly by offering a fluid experience for users with little or no experience in crypto or with using blockchain.</p>



<p>It will be possible to mint unique pieces of art ranging from music and 3D Sculptures, to digital art &amp; fashion items. The creation, sale and exhibition of NFTs and their respective collections is intuitive and straight-forward. </p>



<p>In the near future PRISM will offer USD/Credit Card payment options, boosting the accessibility for new markets and onboarding new collectors. Our current partnerships include <a href="https://www.quintgallery.com/artists/38-gary-lang/overview/" target="_blank" rel="noreferrer noopener">Gary Lang</a>, <a href="https://www.imdb.com/name/nm0091026/" target="_blank" rel="noreferrer noopener">Alan Bodner</a>, <a href="https://en.wikipedia.org/wiki/George_Benson" target="_blank" rel="noreferrer noopener">George Benson</a>, <a href="https://www.maxwellstevens.art/" target="_blank" rel="noreferrer noopener">Maxwell Stevens</a>, <a href="https://www.billwylandgalleries.com/" target="_blank" rel="noreferrer noopener">Bill Wyland Galleries</a>, the <a href="https://www.galeriebrunomassa.com/" target="_blank" rel="noreferrer noopener">Galerie Bruno Masa</a>, and many more. Once PRISM launches a cacophony of colour and creativity will be unleashed.&nbsp;</p>



<p>PRISM Marketplace wants to offer artists and users different ways to interact with each other:</p>



<ul><li>‘Like’ your favorite creations</li><li>Profile customisation&nbsp;</li><li>Patent protection options</li><li>Credibility score &amp; Reputation data</li><li>Exclusive drops &amp; 1/1 collectibles.</li></ul>



<h2><strong>Dealing with NFT theft: PRISM ProtectArt&nbsp;</strong></h2>



<p>Despite the popularity surge, there are many concerns about licensing and legal rights, true ownership, among other intellectual property debates.&nbsp;</p>



<p>The PRISM NFT Marketplace is excited to announce that they have exclusive rights to a patent-pending art protection mechanism. This will allowing NFT artists to protect their artworks, and for collectors to protect their valuable collectibles.&nbsp;</p>



<p>Not only does this technology protect digital artworks from the “right-click-save”, but also allows artists, using state-of-the-art file tracking techniques, to track down and protect themselves against buyers trying to resell the NFT unlawfully.&nbsp;</p>



<p>NuPay Technologies Incorporated, PRISM&#8217;s parent company, has been granted an exclusive license to use this patent-pending technology, ProtectArt.</p>



<h2><strong>The next steps for the PRISM Marketplace</strong></h2>



<p>The primary goal for the near future is to implement the NuPay blockchain directly into the PRISM Marketplace. This will make it possible to achieve the objective of an eco-friendly NFT marketplace, without transaction fees and to make accessing and using NFTs easier.</p>



<p>NuPay plans to create its own virtual world in order to enter the artificial reality space. In this way, people will be able to interact with one another in a more realistic manner.&nbsp;</p>



<p>Also, NuPay will have its own artificial reality NFT art exhibits and people will eventually be able to pay for their own virtual exhibit to display their art. Moreover, we are collaborating with galleries and museums to provide QR codes to accompany physical pieces. These NFTs can be sold via PRISM as memorabilia and collectibles, as the influence of the digital world grows there is infinite potential in such modern, metaverse style collecting.&nbsp;</p>



<p>PRISM launches very soon, be sure to register for exclusive early access: <a href="https://prismnfts.com" target="_blank" rel="noreferrer noopener">https://prismnfts.com</a></p>



<p>Be sure to stay up to date and join PRISM &amp; NuPay on social media: </p>



<ul><li>PRISM: <a href="https://t.me/PRISMNFT" target="_blank" rel="noreferrer noopener">Telegram</a> &#8211; <a href="https://twitter.com/PRISM_NFT" target="_blank" rel="noreferrer noopener">Twitter</a></li><li>NuPay : <a href="https://www.linkedin.com/company/nupay-technologies-inc/" target="_blank" rel="noreferrer noopener">Linkedin</a> &#8211; <a href="https://nupaytechnologies.com/" target="_blank" rel="noreferrer noopener">Website</a> &#8211; <a href="https://t.me/NuPayOfficial" target="_blank" rel="noreferrer noopener">Telegram</a></li></ul>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


A new easy-to-use and eco-friendly NFT marketplace will see the light of day on the PRISM NFT marketplace. Here is a presentation of the important elements to remember!


Discover PRISM, the NuPay NFT Marketplace


<p><a href="https://ens.domains/" target="_blank" rel="noreferrer noopener">Ethereum Name Service</a> (ENS) is a <strong>simplified</strong> Ethereum standard address, for example such as &#8220;nonfungible.eth&#8221;. The main purpose is to make use of the addresses on various Ethereum applications easier: MetaMask, MyEtherWallet (MEW) etc.</p>



<p>After the migration of the ENS.eth registry in May 2019, each domain became a <strong>non-fungible token</strong> (NFT), compliant with the ERC-721 standard, which means that any .eth records can be transferred in the same way as an NFT.&nbsp;</p>



<h2><strong>What is Ethereum Name Service?</strong></h2>



<p>ENS works by domains as well as the domain names of current websites, these domains are linked to an Ethereum smart-contract and the owner of the <strong>domain</strong> is also managing <strong>sub-domains</strong>.&nbsp;</p>



<p>We can find several important pieces of information in this register:</p>



<ul><li>The <strong>owner</strong> of the domain. It can be an Ethereum user, but also another smart-contracts that redistribute sub-domains.</li><li>The <strong>registration</strong> of the past and present states of the domain.</li></ul>



<p>To conclude, Ethereum Name Service aims to become the <strong>DNS</strong> (Domain Name Service) of Web 3.0.</p>



<h2><strong>The launch of the ENS Governance Token</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="512" src="http://nfcms1/app/uploads/2021/11/introducing-ens-1024x512.jpg" alt="introducing ens" class="wp-image-9770" srcset="http://nfcms1:80/app/uploads/2021/11/introducing-ens-1024x512.jpg 1024w, http://nfcms1:80/app/uploads/2021/11/introducing-ens-300x150.jpg 300w, http://nfcms1:80/app/uploads/2021/11/introducing-ens-768x384.jpg 768w, http://nfcms1:80/app/uploads/2021/11/introducing-ens-1536x768.jpg 1536w, http://nfcms1:80/app/uploads/2021/11/introducing-ens.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>Source : <a href="https://ens.mirror.xyz/5cGl-Y37aTxtokdWk21qlULmE1aSM_NuX9fstbOPoWU" target="_blank" rel="noreferrer noopener">ENS Mirror</a></figcaption></figure></div>



<p>Ethereum Name Service (ENS) has always been an open-source service that belongs to the community. The operation of ENS is already largely decentralised and self-managed, however some decisions are still taken by the team, which is why the project aims to take things a step further:</p>



<blockquote class="wp-block-quote"><p><em>We believe that both ENS and the DAO space have matured enough that now is the time to pass ENS Governance over to the community via the creation of a DAO and the $ENS Governance Token.</em></p></blockquote>



<p>More specifically, the team wishes to hand over control of the existing and future cash flow, from the registrar contract that is in charge of the registration mechanism for .eth domain.</p>



<p>What will governance look like? ENS wants to implement a delegate system, although everyone is invited to vote independently, the team encourages token holders to delegate to one of the community leaders.</p>



<blockquote class="wp-block-quote"><p><em>We expect ENS Governance will evolve over time. Learning from Gitcoin’s governance experience, we believe a delegate model is a good place to start. This helps the DAO represent the interests of members who can’t personally consider and vote on each proposal.</em></p></blockquote>



<p>So, if you are an active member of the ENS ecosystem and want to participate in the future of ENS, you can apply to become a delegate.</p>



<h2><strong>The Airdrop in numbers&nbsp;</strong></h2>



<p>After a <strong>snapshot</strong> was taken on Monday <strong>November 1st</strong>, the new ENS token started to be distributed on Monday, November 8th.&nbsp;</p>



<p>Those who have created an ENS domain in the past can claim ENS tokens on the site until May 4, 2022. Unclaimed tokens will be paid to the <strong>community treasury</strong>.</p>



<p>The total supply of ENS will be 100 million and 25% of the tokens will be distributed to early users. Each wallet received a <strong>variable amount</strong> of ENS depending on the duration of its domain, the expiration date, etc.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1035" height="495" src="http://nfcms1/app/uploads/2021/11/ENS-distribution.jpg" alt="ENS distribution" class="wp-image-9769" srcset="http://nfcms1:80/app/uploads/2021/11/ENS-distribution.jpg 1035w, http://nfcms1:80/app/uploads/2021/11/ENS-distribution-300x143.jpg 300w, http://nfcms1:80/app/uploads/2021/11/ENS-distribution-1024x490.jpg 1024w, http://nfcms1:80/app/uploads/2021/11/ENS-distribution-768x367.jpg 768w" sizes="(max-width: 1035px) 100vw, 1035px" /><figcaption>Source : <a href="https://ens.mirror.xyz/-eaqMv7XPikvXhvjbjzzPNLS4wzcQ8vdOgi9eNXeUuY" target="_blank" rel="noreferrer noopener">ENS Mirror</a></figcaption></figure></div>



<p>137,689 wallets are eligible for airdrop and 41,621 have already claimed their tokens, which is about 30%.</p>



<p>As a result, more than <strong>8 million ENS</strong> have been claimed, representing a haul worth around $320 million at the time this article is written. The fully diluted market cap is currently over $4 billion.</p>



<p>Some voices criticized the distribution model for not rewarding enough early users or meaningful domain names. However, it still seems to be beneficial for those who have registered their domain for a long time.</p>



<p>It should be noted that an airdrop for domain names is difficult, is jpeg.eth more valuable than random.eth?</p>


The ENS domains released an airdrop to their early adopters. How will it work and how will it be used for?

What is the $ENS governance token?


<p>The world of <strong>Generative Art</strong> has experienced a major boom during 2021. The principle of being able to generate artistic NFTs entirely created by an algorithm has become well known in the NFT space in particular thanks to the Art Blocks platform.</p>



<p>Other projects have also become known thanks to this generative method but due to high gas fees on Ethereum, it can sometimes be very expensive to create work of this type. To overcome this issue, Polygon’s scaling solution is being adopted as a major alternative to Ethereum by more and more projects.</p>



<p>This is exactly what <a href="https://mraki.io/" target="_blank" rel="noreferrer noopener">Meraki</a>, Polygon’s first generative art platform, intends to do!</p>



<h2>Presentation of the Meraki Marketplace</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="675" src="http://nfcms1/app/uploads/2021/11/meraki-marketplace-NFT.jpg" alt="meraki marketplace NFT" class="wp-image-9687" srcset="http://nfcms1:80/app/uploads/2021/11/meraki-marketplace-NFT.jpg 1200w, http://nfcms1:80/app/uploads/2021/11/meraki-marketplace-NFT-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/11/meraki-marketplace-NFT-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/11/meraki-marketplace-NFT-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure></div>



<p>Although <strong>Meraki</strong> recently came out of stealth mode, the idea germinated in the Spring of 2021 to offer artists and collectors a platform to easily mint and collect generative art.</p>



<p>With a well-thought out user interface, as an artist, you will be able to import your scripts on Meraki and then take advantage of <strong>random generation</strong> thanks to the use of Chainlink VRF. It is in this way that Meraki intends to create a platform entirely dedicated to generative art.</p>



<p>For the launch of the platform and especially its management, Meraki will make an <strong>Initial Dex Offering</strong> (IDO) where NFTs will be used among other things for governance.</p>



<h2>A DAO based on NFTs</h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="443" height="438" src="http://nfcms1/app/uploads/2021/11/meraki-DAO-Token.jpg" alt="meraki DAO Token" class="wp-image-9684" srcset="http://nfcms1:80/app/uploads/2021/11/meraki-DAO-Token.jpg 443w, http://nfcms1:80/app/uploads/2021/11/meraki-DAO-Token-300x297.jpg 300w" sizes="(max-width: 443px) 100vw, 443px" /><figcaption>Meraki DAO Token</figcaption></figure></div>



<p>To be able to participate in the governance of the project, 10,000 NFTs will be available for sale at $150 each. The Meraki token is an NFT that <strong>rewards the holder</strong> with a share in the platform profits. 100% of all profits earned by the Meraki Platform are shared between the token holders.</p>



<p><strong>The token holders consist of Treasury 40%, Team 30%, Advisors 20%, Public 10%.</strong></p>



<p>Although at first glance, the majority of tokens are reserved for the team or treasury, here is how the powers of each token will be distributed:</p>



<p>Each NFT has an ID. There will be 100,000 NFTs with sequential ID numbers. </p>



<ul><li>The Meraki Tokens sold in the IDO will have ID&#8217;s 0-9,999 and the team tokens will be 10,000-99,999.</li><li>NFTs with an ID between 0-9,999 will have a DAO Vote Weight of &#8220;1&#8221; NFTs with an ID between 10,000-99,999 will have a DAO Vote Weight of &#8220;0.1&#8221;.</li><li>The vote weights will be 10,000 Publicly held tokens : 9,000 Team held tokens.</li></ul>



<p>In this way, the 10% of NFTs reserved for the public sale will have more weight than the NFTs reserved for the team.</p>



<p>In addition to this, NFTs of the Team and Advisors are <strong>fully locked</strong> for 24 months after the IDO starts. After 24 months these tokens will be released at a rate of 5% per month, meaning a further 20 months to be fully unlocked.</p>



<h2>Conclusion</h2>



<p>One of the biggest blocks for code lovers who want to use an algorithm to create <strong>generative art NFTs</strong> is the cost of creating a smart contract on Ethereum. It is also a block for collectors who particularly appreciate when the code is <strong>stored</strong> on the blockchain.</p>



<p>With Meraki, as everything will take place on Polygon, the question of high gas fees will only be a distant memory.</p>



<p>Meraki’s IDO takes place on <strong>November 12th, 2021</strong> and the team has estimated a January 2022 launch date. The team behind Meraki has been working for months on the realization of its project and will communicate all the progress of the platform on their different social networks.</p>



<p>Don’t hesitate to ask them your questions on their different channels!</p>



<p><a href="https://mraki.io/" target="_blank" rel="noreferrer noopener">Website</a> &#8211; <a href="https://twitter.com/meraki_gen_art" target="_blank" rel="noreferrer noopener">Twitter</a> &#8211; <a href="https://discord.com/invite/mFbtsquJ2r" target="_blank" rel="noreferrer noopener">Discord</a></p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


Generative art is becoming more and more popular for both artists and collectors. Meraki is aiming to create a new platform on Polygon dedicated to this new kind of art.

Meraki brings generative art to Polygon!


<p>The NFT market is in its early stages of development, so it still has unresolved issues. For example, sometimes the media file from the NFT is stored on the servers of the company that issued the token. If it closes or goes bankrupt, then instead of valuable digital art, the user will own a token with a &#8220;404 Error&#8221;.</p>



<p>This article will tell you how to choose a safe NFT, as well as what to look for when buying. For NFT holders, we will show you step by step how to verify and secure your token.</p>



<p>We will give you 5 tips on how to choose a safe NFT before purchasing. As an example, we will use tokens from the <a href="https://opensea.io/" target="_blank" rel="noreferrer noopener">OpenSea</a> marketplace. It is the easiest way to find the information you need.</p>



<h2>Checking the trading history</h2>



<p>Some creators sell NFT’s to themselves in order to inflate their value. Using the addresses of past owners and purchase dates, you can determine that the price of the token is artificially high.</p>



<p>In the “Trading History” section, select the “Sales” filter to display only sales. There are 3 signs that an NFT is being artificially overpriced:</p>



<ol><li>Buyers have not made any transactions before. This information is visible in the &#8220;Activity&#8221; tab on the account page.</li><li>Transactions were made in a short period of time.</li><li>The same account bought the token several times.</li></ol>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="235" src="http://nfcms1/app/uploads/2021/10/how-to-choose-NFT-trading-sorare-1024x235.jpg" alt="" class="wp-image-9030" srcset="http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-trading-sorare-1024x235.jpg 1024w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-trading-sorare-300x69.jpg 300w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-trading-sorare-768x176.jpg 768w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-trading-sorare.jpg 1137w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>The user 6E0409 received a drop of the NFT card &#8220;<a href="https://opensea.io/assets/0x629a673a8242c2ac4b7b8c5d8735fbeac21a6205/6526054948144775250980003941988599135396391219332348374645338778388970630367" target="_blank" rel="noreferrer noopener">Jérémy Taravel</a>&#8221; from the Sorare game. All four transactions involve four different buyers. This trading history is not suspicious</figcaption></figure></div>



<h2>Authenticity check</h2>



<p>Not all sites for creating NFT’s require mandatory verification of identity. For example, on OpenSea, anyone can upload a token on behalf of Elon Musk. The account will be named &#8220;Elon Musk&#8221; and the link will lead to the official Twitter page. But if you follow this link, you won’t find the tweets in which Musk talks about the NFT release on OpenSea.</p>



<p>If the NFT is created by a well-known artist or a public person, then he can go through account verification. Then a verification checkmark will appear next to its name, as in Instagram or Twitter.&nbsp;</p>



<p>Another way to make sure that the NFT is original and not created by a scammer is to check the specified links. Even if they lead to verified social media pages, search them for NFT releases or links to marketplaces. If you do not find such information on the indicated pages, then most likely the creator is a scammer.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2021/10/how-to-choose-NFT-verified-collection-1024x576.jpg" alt="" class="wp-image-9031" srcset="http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-verified-collection-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-verified-collection-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-verified-collection-768x432.jpg 768w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-verified-collection.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>NFT by the popular artist <a href="https://opensea.io/collection/fewocious" target="_blank" rel="noreferrer noopener">FEWOCiOUS</a>. There is a verification checkmark next to the account name. There are also links to his website and social media</figcaption></figure></div>



<h2>Smart contract verification</h2>



<p>Smart contracts are responsible for <strong>issuing NFTs</strong>. These are programs that describe the rules for creating tokens and how to use them. You can find out which contract is responsible for the issuing of the NFT in the “Contract Address” line in the &#8220;Details&#8221; section.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="515" height="223" src="http://nfcms1/app/uploads/2021/10/how-to-choose-NFT-smart-contract.jpg" alt="" class="wp-image-9033" srcset="http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-smart-contract.jpg 515w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-smart-contract-300x130.jpg 300w" sizes="(max-width: 515px) 100vw, 515px" /><figcaption>The Contract Address and the Token ID are in the &#8220;Details&#8221; section</figcaption></figure></div>



<p>If you click on the Contract Address, the smart contract page will open in the <a href="https://etherscan.io/" target="_blank" rel="noreferrer noopener">Etherscan</a> blockchain explorer. It is impossible to assess the security of a contract without <strong>programming knowledge</strong>. </p>



<p>But if you go to the &#8220;Comments&#8221; tab, you can read the reviews of other users. Negative comments will be cause for concern. Perhaps the project is already closed or the developers are not fulfilling their obligations.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="377" src="http://nfcms1/app/uploads/2021/10/how-to-choose-NFT-opensea-comments-1024x377.jpg" alt="" class="wp-image-9034" srcset="http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-opensea-comments-1024x377.jpg 1024w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-opensea-comments-300x110.jpg 300w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-opensea-comments-768x282.jpg 768w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-opensea-comments.jpg 1387w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>Comments on the OpenSea smart contract</figcaption></figure></div>



<h2>Media file from NFT</h2>



<p>The Ethereum blockchain, on which most NFT’s are built, was not designed to <strong>upload files</strong> to the blockchain. Therefore, ERC-721 and ERC-1155 tokens contain only a <strong>link to the media file</strong>. And the images or videos you buy as NFT can be stored anywhere. We will show you how to check where the NFT media file is stored.</p>



<p>Some tokens on OpenSea have a &#8220;<strong>Metadata</strong>&#8221; line under the &#8220;Details&#8221; section. If it says &#8220;Centralized&#8221;, then the media file is stored in the <strong>centralized storage</strong>, but the creator of the NFT cannot change it. If it says &#8220;Editable&#8221;, then the creator can change it. But the problem is that not all NTF’s on OpenSea have such a line in the “Details” section.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="509" height="269" src="http://nfcms1/app/uploads/2021/10/how-to-choose-NFT-centralized.jpg" alt="" class="wp-image-9035" srcset="http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-centralized.jpg 509w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-centralized-300x159.jpg 300w" sizes="(max-width: 509px) 100vw, 509px" /><figcaption><em>“Details” section with the “Metadata” line</em></figcaption></figure></div>



<p>In order to find out information about NFT, you need a token ID. It is written below the “Contract Address” line in the &#8220;Details&#8221; section. This is the serial number of the NFT in the smart contract. Sometimes the Token ID is not displayed in full because it contains too many digits.</p>



<p>In this case, the easiest way to find the full Token ID is in the URL bar — these are the last digits in the link starting with the last &#8220;/&#8221; symbol.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="423" src="http://nfcms1/app/uploads/2021/10/how-to-choose-NFT-contract-address-1024x423.jpg" alt="" class="wp-image-9036" srcset="http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-contract-address-1024x423.jpg 1024w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-contract-address-300x124.jpg 300w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-contract-address-768x317.jpg 768w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-contract-address.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>The Contract Address and the Token ID will be needed to find out how securely the file from the NFT is stored.</p>



<p>To view information about NFT, use the <a href="https://checkmynft.com/" target="_blank" rel="noreferrer noopener">CheckMyNFT</a> website. The service only supports <strong>ERC-721</strong> tokens. This method is suitable even for those users who have never encountered program code before.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="700" src="http://nfcms1/app/uploads/2021/10/how-to-choose-NFT-check-my-nft-1024x700.jpg" alt="" class="wp-image-9037" srcset="http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-check-my-nft-1024x700.jpg 1024w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-check-my-nft-300x205.jpg 300w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-check-my-nft-768x525.jpg 768w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-NFT-check-my-nft.jpg 1054w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>CheckMyNFT <a href="https://checkmynft.com/" target="_blank" rel="noreferrer noopener">home page</a> with fields for entering the Contract Address and the Token ID</p>



<p>Enter the Contract Address and the Token ID in the appropriate fields and click &#8220;Check My NFT&#8221;. The service will find information about the token and will assess the security of file storage. There are 3 possible options:</p>



<ol><li><strong>«?Poor»</strong> — means that the file from the NFT is hosted centrally. The storage owner can change or delete it.</li><li><strong>«?Medium»</strong> — means that the file from the NFT is stored on the IPFS nodes. No one can change it, but there is a chance that it will be removed.</li><li><strong>«?Strong»</strong> — means the file from the NFT is stored on the blockchain. The likelihood that it will be changed or removed is minimal.</li></ol>



<h2>How to secure NFT</h2>



<p>There are blockchains that are designed for <strong>storing media files</strong>. For example, the <a href="https://www.arweave.org/" target="_blank" rel="noreferrer noopener">Arweave</a> blockchain stores files from the <strong>Hashmasks</strong>, <strong>Avastars</strong> and <strong>Autoglyphs</strong> NFT collections. These projects use 2 blockchains: <strong>Ethereum</strong> for the token and <strong>Arweave</strong> for the media from the NFT.</p>



<p>An <strong>alternative solution</strong> is blockchains created specifically for NFTs. For example, the creators of the <a href="https://foil.network/" target="_blank" rel="noreferrer noopener">Foil Network</a> blockchain have developed a new standard for a non-fungible token called Pure NFT. With it, both the token and the media file are stored in the blockchain. </p>



<p>This is possible thanks to the fees <strong>optimization</strong> and high block capacity. For example, uploading a file with a resolution of 7000&#215;7000 and a size of 15 MB to the <strong>Foil Network</strong> blockchain cost $1,500. By comparison, uploading a file of several kilobytes to the Ethereum blockchain will cost <strong>thousands</strong> <strong>of</strong> <strong>dollars</strong> in gas fees. And for a megabyte you will have to pay almost a million dollars.</p>



<p>After the creation of NFT, it is no longer possible to replace centralized file storage with <strong>decentralized</strong> one. However, if the media file from NFT is stored on IPFS, then the level of its security can be increased. The <a href="https://ipfs2arweave.com/" target="_blank" rel="noreferrer noopener">IPFS2Arweave</a> website allows you to upload data from IPFS to the <strong>Arweave</strong> blockchain for free. Thus, Arweave becomes an additional node on the IPFS network. The file will be simultaneously stored in both the IPFS network and the Arweave blockchain.</p>



<p>On the CheckMyNFT website, you can do it with one click. After checking the NFT, it is enough to click on the &#8220;Upload to Arweave (for free)&#8221; button. After a couple of seconds, the safety rating will increase from «?Medium» to «?Strong».</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="137" src="http://nfcms1/app/uploads/2021/10/how-to-choose-nft-improve-score-1024x137.jpg" alt="" class="wp-image-9038" srcset="http://nfcms1:80/app/uploads/2021/10/how-to-choose-nft-improve-score-1024x137.jpg 1024w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-nft-improve-score-300x40.jpg 300w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-nft-improve-score-768x102.jpg 768w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-nft-improve-score-1536x205.jpg 1536w, http://nfcms1:80/app/uploads/2021/10/how-to-choose-nft-improve-score.jpg 1560w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>CheckMyNFT site tab that offers increased security for NFT</p>



<p>If the NFT standard differs from ERC-721, the CheckMyNFT website will generate an error. Ask an acquaintance who knows a little about programming to help you. He will need to manually upload the link to the IPFS file from the NFT code to the <a href="https://ipfs2arweave.com/" target="_blank" rel="noreferrer noopener">IPFS2Arweave</a> website.</p>



<h2>3 key-points for the due diligence</h2>



<p>In this article, we examined the points to look out for when assessing the reliability and protection of NFT:</p>



<ul><li>trading history helps to identify artificial price cheating;</li><li>verification mark and external links give you the opportunity to verify the authenticity of the NFT;</li><li>using the Contract Address and the Token ID, it is possible to find out the file storage location from the NFT.</li></ul>



<p>For those who already have an NFT, we’ve shown how to increase the security of a token using the CheckMyNFT and the <a href="https://ipfs2arweave.com/" target="_blank" rel="noreferrer noopener">IPFS2Arweave</a> websites.</p>


This article will tell you how to choose a safe NFT, as well as what to look for when buying. For NFT holders, we will show you step by step how to verify and secure your token.

How to choose a safe NFT?


<p>When it comes to choosing which <strong>crypto-wallet</strong> to use so you can interact with the crypto ecosystem, it soon becomes easy to get lost. Indeed, each <strong>blockchain</strong> has one or more dedicated wallets to make transactions.</p>



<p>With NFTs, the choice is greatly reduced given the <strong>particularity</strong> of these tokens. The vast majority of users are accustomed to using Metamask for <strong>Ethereum</strong> but also the <strong>Binance Smart Chain</strong> and <strong>Polygon</strong>. Only here again, the user has to choose between several <strong>marketplaces</strong>, separated on several blockchains.</p>



<p>Fortunately, there are <strong>custodial solutions</strong> that allow you to centralize all these tools in one place. Introducing <a href="https://www.venly.io/" target="_blank" rel="noreferrer noopener">Venly</a>, formerly Arkane Network, who have decided to focus on three specific services.</p>



<h2>What is Venly ?</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2021/09/Venly_Press_Market-1024x576.jpg" alt="Venly Press Market" class="wp-image-7305" srcset="http://nfcms1:80/app/uploads/2021/09/Venly_Press_Market-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/09/Venly_Press_Market-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/09/Venly_Press_Market-768x432.jpg 768w, http://nfcms1:80/app/uploads/2021/09/Venly_Press_Market-1536x864.jpg 1536w, http://nfcms1:80/app/uploads/2021/09/Venly_Press_Market-2048x1152.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>Established in 2018, Venly was previously called <strong>Arkane Network</strong> and has always identified itself as an agnostic blockchain technology provider. They have helped several large projects such as <strong>Aavegotchi</strong>, <strong>The Sandbox</strong> and <strong>Neon District</strong> to facilitate the onboarding of new users and develop blockchain and NFT solutions. In April 2021, Venly raised $2 million to scale their services.</p>



<p>Their mission is to make blockchain, and the <strong>adoption of NFTs</strong> accessible to as many people as possible. The first tool making it possible to achieve this is the<a href="https://wallet.venly.io/" target="_blank" rel="noreferrer noopener"> Venly Wallet.</a> After creating your account, you are given the opportunity to create your first wallet for several blockchains or sidechains: <strong>Polygon</strong>,<strong> Ethereum</strong>,<strong> Bitcoin</strong>,<strong> Litecoin</strong> or <strong>Avalanche</strong> among others.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img src="http://nfcms1/app/uploads/2021/09/venly-wallet-screenshot-1024x573.jpg" alt="venly wallet screenshot" class="wp-image-7307"/></figure></div>



<p>Once your wallet is created, the first step before being able to use a <strong>decentralized application</strong> (dApp) is to authorize the wallet to interact with it. This feature not only allows you to find the dApps connected to the wallet at first glance but also lets you <strong>untie your wallet</strong> if necessary.</p>



<p>Although it’s possible to connect to <strong>Opensea</strong> with the Venly wallet, it is also possible to trade NFTs on the native<a href="https://venly.market/" target="_blank" rel="noreferrer noopener"> Venly Market.</a> The advantage of this marketplace is the possibility of finding collections from <strong>several blockchains</strong> and not only Ethereum or Polygon.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img src="http://nfcms1/app/uploads/2021/09/Venly-market-screenshot-1024x576.jpg" alt="Venly market screenshot" class="wp-image-7303"/></figure></div>



<p>Here again, a <strong>simple connection</strong> to your account allows you to directly use the wallets that have been created previously, according to the blockchain where the NFT lives.</p>



<p>Two types of collections are listed on this market, the first are verified and have a <strong>blue checkmark</strong>. The second are created by users who want to sell their <strong>digital works</strong> or more generally create their NFTs’ collections with the Venly Tools.</p>



<h2>Venly NFT Tools, from Unity Plugin to Sending Batch NFTs.</h2>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2021/09/Venly-Wallet-action-aavegotchi-1024x576.jpg" alt="Venly Wallet action aavegotchi" class="wp-image-7306" srcset="http://nfcms1:80/app/uploads/2021/09/Venly-Wallet-action-aavegotchi-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/09/Venly-Wallet-action-aavegotchi-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/09/Venly-Wallet-action-aavegotchi-768x432.jpg 768w, http://nfcms1:80/app/uploads/2021/09/Venly-Wallet-action-aavegotchi-1536x864.jpg 1536w, http://nfcms1:80/app/uploads/2021/09/Venly-Wallet-action-aavegotchi-2048x1153.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p><a href="https://www.venly.io/product-nft-tools" target="_blank" rel="noreferrer noopener">Venly Tools</a> is a suite of tools for <strong>builders</strong> wishing to create collections that cover several fields of action. These tools have been designed primarily to <strong>help developers</strong> without having to worry about the complexity of the blockchain.</p>



<p>The first of these is designated for the world of video games and takes the form of a <a href="https://github.com/heathen-engineering/BGSDK-Foundation" target="_blank" rel="noreferrer noopener">Unity plugin</a>. By integrating this plugin into its project, it becomes possible to transform the various game’s items into a <strong>blockchain asset</strong>.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="576" src="http://nfcms1/app/uploads/2021/09/Venly-NFT-Minting-1024x576.jpg" alt="Venly NFT Minting" class="wp-image-7304" srcset="http://nfcms1:80/app/uploads/2021/09/Venly-NFT-Minting-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/09/Venly-NFT-Minting-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/09/Venly-NFT-Minting-768x432.jpg 768w, http://nfcms1:80/app/uploads/2021/09/Venly-NFT-Minting-1536x864.jpg 1536w, http://nfcms1:80/app/uploads/2021/09/Venly-NFT-Minting.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>The tool that will probably interest artists the most is the<a href="https://docs.venly.io/api/api-products/nft-api" target="_blank" rel="noreferrer noopener"> NFT Minter.</a> As its name suggests, it allows an interaction with NFTs that will be shown on the Venly marketplace.</p>



<p>A graphic interface is being developed to make it <strong>accessible to a wider audience</strong> but the documentation already provides everything that this API is capable of doing.Venly marketplace</p>



<p>To know the statistics and trends of the different NFTs collections, it is the<a href="https://docs.venly.io/api/api-products/nft-analytics" target="_blank" rel="noreferrer noopener"> NFT Analytics</a> tool that will be essential. At the moment, the supported blockchains are Polygon, Binance Smart Chain and Avalanche.</p>



<p>There is also the possibility to <strong>send NFTs directly by email</strong> or to several addresses at once. To be able to take advantage of it, however, it will be necessary to contact the team<a href="https://get.venly.io/nft-to-email" target="_blank" rel="noreferrer noopener"> directly.</a></p>



<h2>Venly and Shopify, a perfect match?</h2>



<p>If there is one tool that would be a game changer for the NFT space, it would be the integration of Venly into<a href="https://venly.io/shopify" target="_blank" rel="noreferrer noopener"> Shopify</a>. In addition to the visibility provided by one of the leaders in e-commerce, Venly will bring the necessary simplicity to allow the purchase and sale of NFT directly on the platform!</p>



<p>Indeed, by creating NFTs directly from Venly, it will be possible to sell them like any other product on Shopify. If the buyer does not have a wallet, it will be created automatically during the purchase and it will be enough just to create an account on Venly with the same email address provided during checkout.</p>



<p>Since their creation, Venly has sought to make blockchain more accessible to the general public. With its <strong>alliance with Shopify</strong>, the least we can say is that the mission to make NFT adoption even broader is on the right track with their more than 500,000 users.</p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


There are many wallets in the crypto space but much less are focused on NFTs. However, Venly offers a custodial solution that integrates all the main blockchains and offers you additional features on your collected NFTs!

Making your NFT life easier with Venly


<p>One of the first things we hear about NFTs is their <strong>immutability </strong>and <strong>immortality</strong>. But as soon as we ask a specialist, they will answer &#8220;the tokens will live as long as the blockchain lives, but not necessarily the <strong>files they host</strong>&#8220;.</p>



<p>Critics have been quick to denounce what seemed to be the Achilles heel of this technology, but they were forgetting the strength of resolve the crypto community has. Indeed, in the case of <strong>IPFS technology</strong>, or more precisely the InterPlanetary File System, the decentralization of image hosting has created a solid network for the longevity of NFT Images.</p>



<p>But even so another problem has emerged, the <strong>copying of high-quality images</strong> by malicious actors to resell the image copy on their own. How can we overcome this problem without sacrificing the decentralization of data which is so dear to the NFT ecosystem?</p>



<h2>Pinata’s Presentation</h2>



<figure class="wp-block-image"><img src="https://lh4.googleusercontent.com/26lIF4jEqtffPgTcPrFVPjDyZQKButP0A3yIsVhAmZbETbIlVvSsAoOX_mj6Lulbzx9fvpwaWQkxhBIKUPFh17wY8iqXs29oeY1Kc2vY7HG56NQjbMAs_-L2I8V1lg=s0" alt=""/></figure>



<p><a href="https://www.pinata.cloud/" target="_blank" rel="noreferrer noopener">Pinata</a> has been present in the ecosystem since 2018, the project first appeared during the <strong>ETHBerlin’s Hackaton</strong>. Since then, the team has implemented various solutions to help all creators host their work directly on their Cloud solution&#8230; but especially within IPFS.</p>



<p>Today, the company is a global leader with over <strong>40,000 users</strong> and over <strong>12 million files pinned</strong> in our system to date. When you look at an image of an NFT on the web3, there is a high probability that this content will be hosted at Pinata!</p>



<p>Thanks to <strong>quality hosting</strong> and an excellent after-sales service, Pinata was able to collect the different information and needs of its customers, with one of the latest needs being image protection. To answer this, Pinata has developed a turnkey solution: <a href="https://www.pinata.cloud/blog/introducing-submarining-what-it-is-why-you-need-it" target="_blank" rel="noreferrer noopener">Submarining</a>.</p>



<h2>What is IPFS ?</h2>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Why NFTs shouldn&#039;t use URLs" width="500" height="375" src="https://www.youtube.com/embed/6b8OANmw2kM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



<p>Before explaining what Submarining is and why this solution is important, we must first understand <strong>how IPFS works</strong>.</p>



<p>Very simply put, to access a file online centrally, Pinata will call a URL. To take the example of <strong>CryptoKitties</strong>, the image is hosted on a server that belongs to<strong> Dapper Labs</strong>. If tomorrow the company closes down, the NFTs will no longer display any image even if the token itself still exists.</p>



<p>On the contrary, an NFT created on <strong>SuperRare</strong> has its image held in IPFS and so the image is dispersed across several computers. If tomorrow the company closes, the art work will still be accessible thanks to the <strong>decentralization of its data</strong> across these multiple computers. Instead of having a URL, it will rather give rise to a very long hash (like for example the one that hosts the <a href="https://ipfs.io/ipfs/QmRA3NWM82ZGynMbYzAgYTSXCVM14Wx1RZ8fKP42G6gjgj" target="_blank" rel="noreferrer noopener">Bitcoin Whitepaper</a>).</p>



<p>Pinata offers an IPFS hosting service to ensure a better durability of the image and prevent it from disappearing from the internet in case of glitches.</p>



<h2>What is Submarining ?</h2>



<figure class="wp-block-image"><img src="https://lh3.googleusercontent.com/TR5VbhsR7xXck0tvqFcdBd0HTGE2qshQ10JMopjeQiyiB8HF8aEzDNEe1-Bdrti9f27R8psW9Av88YIKo_Elid1fxhvxYt-HCwOMgX3DEnfNWYn_peqLHS-UUn1Nfg=s0" alt=""/></figure>



<p>Because files hosted on IPFS can be <strong>publicly accessible</strong> at any time, a problem has recently arisen for the various NFT artists. Even if it is possible to identify the address that created a work first in a tamper-proof way, &#8220;<strong>thefts</strong>&#8221; of digital work have occurred on several marketplaces.</p>



<p>By thefts, we mean the <strong>reuse of an original work</strong> on a marketplace which is then resold by a third-party account on another marketplace. Although the community is particularly attentive to this kind of theft, Pinata has gone even further and proposed a solution to prevent these kinds of practices.</p>



<p>This is why <strong>Submarining </strong>was created. While still using the IPFS solution to decentralize the media, files will no longer be publicly accessible on IPFS. Only the creator will have access to the “submarine” work and will be able to share the file at their discretion.</p>



<p>In this way, the public image will be of a low resolution and it will be necessary to purchase the NFT to access the high-quality content. If ever the high-quality image is put online privately, it will not be possible to pass it on publicly without putting it back online.</p>



<h2>Better Data Control for Builders</h2>



<p>The interest in such a solution is to allow the different creators and builders to have better control of their data online. Essential to enable better adoption and reduce the fraud related to the sale of NFTs, this kind of tool will become essential in the time to come.</p>



<p><strong>Blockchain transparency</strong> offers an extremely powerful means of verification to determine the authenticity of an NFT in a public way. Submarining is an innovative solution that allows <strong>better data protection</strong> for different artists.</p>



<p><strong>If you are an artist and you have questions about what is and isn&#8217;t possible to do with this new tool, don’t hesitate to reach out to Pinata directly for advice on their various social networks!</strong></p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


Ever wonder where the image of your NFT was hosted? Some are using centralized servers whilst others are using an IPFS solution such as Pinata!

Hosting and protecting your NFT’s file with Pinata


<p>When the ERC-721 standard arrived on Ethereum one of its first uses was within entertainment and most notably through <strong>CryptoKitties</strong>. Mixing collectivity and video games, these little virtual cats have since gone on to inspire many projects in the years that followed.</p>



<p>NFTs have since proliferated and found utility within games, the art industry and the sports industry which has begun to use NFTs to promote content to fans. In 2020 with <strong>the advent of decentralized finance (DeFi)</strong>, a new sector of projects and companies began to expand NFT use cases and merge them with DeFi concepts.</p>



<p><a href="https://www.nft.org/" target="_blank" rel="noreferrer noopener">NFT Protocol</a> is one such project seeded by <a href="https://blockparty.co/" target="_blank" rel="noreferrer noopener">Blockparty</a> which is building robust <strong>decentralized exchange (DEX)</strong> infrastructure for the non-fungible asset class and evolving into a full-fledged decentralized autonomous organization (DAO).</p>



<h2><strong>The NFT.org DEX for NFTs</strong></h2>



<p>Last week NFT Protocol deployed v1 of its DEX onto Ethereum mainnet for its <strong>private alpha testing phase</strong> with two primary features: ERC 721 to ERC 721 swaps and ERC 721 to ERC 20 swaps.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1392" height="1186" src="http://nfcms1/app/uploads/2021/05/nft-protocol-swap.png" alt="nft protocol swap" class="wp-image-4691" srcset="http://nfcms1:80/app/uploads/2021/05/nft-protocol-swap.png 1392w, http://nfcms1:80/app/uploads/2021/05/nft-protocol-swap-300x256.png 300w, http://nfcms1:80/app/uploads/2021/05/nft-protocol-swap-1024x872.png 1024w, http://nfcms1:80/app/uploads/2021/05/nft-protocol-swap-768x654.png 768w" sizes="(max-width: 1392px) 100vw, 1392px" /></figure></div>



<p>Using the DEX entails a “maker” creating a listing by placing an ERC 721 or a quantity of ERC 20 tokens into the DEX’s smart contract and specifying the parameters that need to be met by the “taker” in order for the exchange listing to execute. After a listing has been created it can be found on the DEX’s ‘browse’ page. </p>



<p>The “<strong>taker</strong>” selects the desired listing from the ‘browse’ page and, upon meeting the listing’s parameters for transfer by placing the NFT specified by the “<strong>maker</strong>” or the type and quantity of ERC 20 specified by the “maker” into the DEX’s smart contract, the exchange is executed.<br><br>The versatility of these swap contracts allows for a new level of liquidity to be brought into the NFT ecosystem. Whereas on existing platforms like OpenSea and Rarible buyers can make offers only for listed NFTs, on the NFT.org DEX buyers can create buy orders for any ERC 721 token that NFT sellers can sell into much like on any traditional crypto exchange!</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="NFT Protocol NFT.org DEX for NFTs - Alpha Version - ERC 721 to ERC 20 Swap Demo on Ethereum Mainnet" width="500" height="375" src="https://www.youtube.com/embed/FdLUlf51xpQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



<p>An additional feature for these swaps is the ability for a “maker” to “whitelist” a specific ETH address or set of ETH addresses when creating a listing such that the listing can only be fulfilled by the whitelisted ETH address(es). </p>



<p>This feature is useful for situations in which a NFT seller has found a buyer or group of potential buyers and simply needs a quick, easy and affordable way to execute the trade or sale in a trustless and decentralized fashion &#8211; much like an escrow service.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1830" height="1778" src="http://nfcms1/app/uploads/2021/05/nftorgdex2.png" alt="nftorgdex" class="wp-image-4687" srcset="http://nfcms1:80/app/uploads/2021/05/nftorgdex2.png 1830w, http://nfcms1:80/app/uploads/2021/05/nftorgdex2-300x291.png 300w, http://nfcms1:80/app/uploads/2021/05/nftorgdex2-1024x995.png 1024w, http://nfcms1:80/app/uploads/2021/05/nftorgdex2-768x746.png 768w, http://nfcms1:80/app/uploads/2021/05/nftorgdex2-1536x1492.png 1536w" sizes="(max-width: 1830px) 100vw, 1830px" /></figure></div>



<p>Even though crypto generally appeals primarily to an adult audience, this kind of NFT swap functionality appeals to the inner child who reminisces of trading Pokemon cards on the playground!<br><br>The NFT.org DEX in its v1 &amp; alpha phase charges a flat fee of .001 ETH to the “taker” for ERC 721 to ERC 721 swaps and a 1% fee denominated in ETH to the “taker” for ERC 721 to ERC 20 swaps. These fees are subject to change at any time through the NFT Protocol DAO’s governance process.<br><br>Future versions of the NFT.org DEX will support the ERC 1155 standard, facilitate NFT minting, and allow users to bundle NFTs together into a listing. This bundling functionality will add a whole new dimension to the NFT Protocol ecosystem by making complex transactions such as trading one CryptoKitty for several Gods Unchained cards much easier.</p>



<h2><strong>The NFT Protocol &amp; Immutable X Partnership</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1200" height="628" src="http://nfcms1/app/uploads/2021/05/nft-protocol-immutablex.jpg" alt="nft protocol immutablex" class="wp-image-4690" srcset="http://nfcms1:80/app/uploads/2021/05/nft-protocol-immutablex.jpg 1200w, http://nfcms1:80/app/uploads/2021/05/nft-protocol-immutablex-300x157.jpg 300w, http://nfcms1:80/app/uploads/2021/05/nft-protocol-immutablex-1024x536.jpg 1024w, http://nfcms1:80/app/uploads/2021/05/nft-protocol-immutablex-768x402.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure></div>



<p>NFT Protocol and Immutable X, Ethereum’s first ZK-rollup L2 for NFTs now powering the popular online trading card game Gods Unchained, recently <a href="https://twitter.com/Immutable/status/1387496930071224326" target="_blank" rel="noreferrer noopener">announced</a> a partnership wherein NFT Protocol will be among the first NFT projects to be given access to Immutable X’s revolutionary technology and developer grants program.</p>



<p>Immutable X will allow for gasless trading, selling and minting of NFTs through the NFT.org DEX. Once users deposit ETH or Ethereum tokens like ERC 721s or ERC 20s into Immutable X transactions can take place without gas and still be settled onto Ethereum mainnet.</p>



<h2><strong>The $NFT Token and the NFT Protocol DAO</strong></h2>



<p>Although NFT Protocol was seeded by its development partners at Blockparty, it is already well on its way to evolving into a DAO powered by its governance token <a href="https://www.coingecko.com/en/coins/nft-protocol" target="_blank" rel="noreferrer noopener">$NFT</a>. DAO governance currently happens through NFT Protocol’s <a href="http://snapshot.page/#/nft/all" target="_blank" rel="noreferrer noopener">Snapshot</a> page where token holders can submit proposals and cast votes on proposals weighted by their holdings. Establishing a Discourse forum, however, is on the project’s near-term agenda. A Discourse forum will allow NFT Protocol’s governance process to more closely resemble that of <strong>Uniswap </strong>and <strong>Yearn </strong>so that it can more effectively leverage its governance pool funds in order to attract contributors to the project, expand and expedite protocol development and grow its DAO.<br><br>The NFT Protocol team is working with an experienced DeFi lawyer to establish further token utility similar to what can be found elsewhere in the DeFi space that will come into play in the future as NFT Protocol continues to build out its protocol and grow its DAO.</p>



<p>DEX fee sharing among those staking $NFT and participating in the protocol’s governance is certainly on the table for the future as the <strong>NFT Protocol DAO</strong> grows and the project becomes more decentralized.<br><br>NFT Protocol’s development partner Blockparty will integrate the $NFT token as well as the NFT.org DEX into its platform. Although <strong>Blockparty </strong>is building its own secondary marketplace, it will be directing certain types of secondary market activity towards the DEX. Blockparty also has some lucrative membership- and access-based $NFT token integration ideas currently under review that will give the $NFT token additional utility once implemented.</p>



<h2><strong>The Future of NFT Protocol</strong></h2>



<p>After v1 of the NFT.org DEX beta launches on Ethereum, NFT Protocol will adapt and deploy its DEX onto <strong>Dapper Labs’ Flow</strong> blockchain (home of the uber-popular <a href="https://nbatopshot.com/" target="_blank" rel="noreferrer noopener">NBA Top Shots</a>). Blockparty has always had a <a href="https://twitter.com/Blockparty/status/1309552287950557197?s=20" target="_blank" rel="noreferrer noopener">close working relationship</a> with Dapper Labs who has been more than helpful in preparing the Blockparty and NFT Protocol team to build on Flow.</p>



<p>Further down the road the DEX will also be adapted for and deployed onto any other chain with significant NFT activity through the project’s DAO and governance process. The long-term vision for NFT Protocol is to have decentralized exchange infrastructure on all chains with NFT activity and to have that infrastructure become cross-chain compatible.<br><br>Aside from basic decentralized exchange functionality, NFT Protocol’s long-term vision also includes leveraging its protocol to bring more dimension and utility to the NFT space at large through an innovative means of collateralization of both physical and digital assets using NFTs.</p>



<h2><strong>Conclusion</strong></h2>



<p>Thanks to projects like NFT Protocol bringing new levels of liquidity, utility and dimension to the NFT ecosystem the future for the NFT space couldn’t be brighter!</p>



<p>Between Blockparty building the Shopify of NFTs and NFT Protocol bringing decentralization into the NFT space and enabling everyone to create, sell and trade NFTs &#8211; the two entities working together give rise to a really neat ecosystem!</p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


As the NFT space continues to grow and find new use cases, NFT Protocol is here to support the non-fungible asset class with decentralized exchange infrastructure!

NFT Protocol: A DAO & Decentralized Exchange for NFTs


<p>As illustrated in our 2020 Annual Report, i<strong>nternational brands have already begun to embark on the NFT adventure.</strong> This has taken the form of skins for connected watches, NFT certificates of authenticity for <strong>Breitling</strong> and even a tentative announcement from <strong>LVMH</strong> and <strong>Nike</strong> who have focused on pairs of NFTS sneakers.</p>



<p><strong>The current world of textiles and luxury have so far shown they have an eye on this new Blockchain distribution method</strong> but without throwing themselves into the deep end. Yet there are many worries surrounding the course of clothing creation in the world at present: for instance with the origin of materials, or a creator not always being the same as the manufacturer or the monopoly and elitism of major brands..</p>



<p>In order to make accessible not only the verification and authenticity of clothing, whatever the creator, <a href="https://www.uniqly.io/" target="_blank" rel="noreferrer noopener">Uniqly</a> aims to become a reference by <strong>creating a bridge between the real world of clothing manufacturing</strong> and the world of the blockchain by attaching a QR code label that will accompany the clothes products at home.</p>



<p>What are the possibilities offered by this service and what are the long-term objectives of the platform?</p>



<h2><strong>Presentation of Uniqly</strong></h2>



<p>Although very young in the NFT ecosystem, <strong>the Startup Uniqly has already passed the first three phases of its ICO with great success!</strong> UNIQ tokens have been thought of as mainly marketing based (we will come back to this in more detail later in the article) but the buyers positive enthusiasm for the project so far indicates a willingness from the public to want more products which connect real and virtual universes.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Introducing Uniqly.io" width="500" height="281" src="https://www.youtube.com/embed/xjogYlOwLN4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



<p>This is the entire added value of Uniqly: to offer the possibility of recording directly on the blockchain, with a real asset having value and virtual assets aimed at being created in real life!</p>



<p>Let&#8217;s take two very simple examples:</p>



<ul><li>If you want to put on a tee-shirt with the logo of your music group to sell it in concert, <strong>anyone will be able to check by scanning the QR code</strong> of the label that you are the creator of this t-shirt.</li><li>If you have clothing that has very low production because it belongs to a private collection, it is possible to ask Uniqly to check the origin of the garment in order to <strong>&#8220;engrave in stone&#8221; the authenticity of the clothing concerned</strong>.</li></ul>



<p>These are just two examples of what will be possible to do on the platform! Having this bridge could allow many other uses like the modeling of a 3D CryptoKitties or the painting on your favorite art work!</p>



<p><strong>That said beware, as a reminder it is important to always check the reuse rights of the NFT that you have purchased.</strong></p>



<h2><strong>A virtual NFT marketplace backed with real-life asset</strong>s</h2>



<p>We know establishing a link between reality and virtual is not an easy thing: both the codes between these two worlds may differ. <strong>The borderless nature of the Blockchain</strong> allows it to accept anyone wanting to create his own token but the international laws surrounding copyrights are also to be taken into account before considering the creation of an object using a known trademarked name.</p>



<p>Fortunately, <strong>Uniqly seeks first and foremost to bring everyone together</strong> so that everyone can find their place, from the greatest global brands to the creator who is simply wanting to promote their creations.</p>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/04/uniqly-ecosystem-NFT-creation.png" alt="uniqly ecosystem NFT creation" class="wp-image-4612" width="580" height="269" srcset="http://nfcms1:80/app/uploads/2021/04/uniqly-ecosystem-NFT-creation.png 1160w, http://nfcms1:80/app/uploads/2021/04/uniqly-ecosystem-NFT-creation-300x139.png 300w, http://nfcms1:80/app/uploads/2021/04/uniqly-ecosystem-NFT-creation-1024x476.png 1024w, http://nfcms1:80/app/uploads/2021/04/uniqly-ecosystem-NFT-creation-768x357.png 768w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<p>Thanks to the <a href="https://www.uniqly.io/#section-marketplace" target="_blank" rel="noreferrer noopener">Marketplace</a> that Uniqly has set up, any creator can have their own custom page to present an inventory. In this way, a buyer who goes on the site will have access to <strong>a whole realistic catalog which is available and verifiable in just a few clicks.</strong></p>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/04/uniqly-ecosystem-NFT-creation-part-2.png" alt="uniqly ecosystem NFT creation part 2" class="wp-image-4613" width="580" height="422" srcset="http://nfcms1:80/app/uploads/2021/04/uniqly-ecosystem-NFT-creation-part-2.png 794w, http://nfcms1:80/app/uploads/2021/04/uniqly-ecosystem-NFT-creation-part-2-300x218.png 300w, http://nfcms1:80/app/uploads/2021/04/uniqly-ecosystem-NFT-creation-part-2-768x559.png 768w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<p>It will be one of the only Marketplaces to specialize in the sale of NFTs which have a real asset behind each sale! In addition, thanks to an extremely <strong>easy-to-use tool</strong> you can list objects at the same time as the creation of the NFT and, in a few steps, <strong>the problem of the user’s interface with the blockchain seems to be put in the past.</strong></p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1294" height="580" src="http://nfcms1/app/uploads/2021/04/uniqly-generator.jpg" alt="uniqly generator" class="wp-image-4614" srcset="http://nfcms1:80/app/uploads/2021/04/uniqly-generator.jpg 1294w, http://nfcms1:80/app/uploads/2021/04/uniqly-generator-300x134.jpg 300w, http://nfcms1:80/app/uploads/2021/04/uniqly-generator-1024x459.jpg 1024w, http://nfcms1:80/app/uploads/2021/04/uniqly-generator-768x344.jpg 768w" sizes="(max-width: 1294px) 100vw, 1294px" /></figure></div>



<p>Uniqly sees their ambitions go even further, regarding their payment system in <a href="https://www.uniqly.io/#section-escrow" target="_blank" rel="noreferrer noopener">Escrow</a>. The concept is relatively simple: the garment (or indeed any object) will be deposited in a <strong>secure warehouse</strong> and the Uniqly teams identify it on the blockchain after ensuring its provenance can be verified. The idea is very interesting and as specified in their Whitepaper, <strong>Uniqly therefore places itself as a trusted third party</strong> to carry out this aspect of the work.</p>



<h2><strong>Tokenomics</strong></h2>



<p>Apart from the simplified method of creating NFTs, there is a whole <a href="https://www.uniqly.io/#section-tokenomics" target="_blank" rel="noreferrer noopener">tokenomics</a> aspect behind this project, in particular with the <strong>UNIQ token.</strong> This ERC-20 token is not meant to change the world or secure the network but is more marketing-oriented.&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1737" height="794" src="http://nfcms1/app/uploads/2021/04/uniqly-UNIQ-usecase.png" alt="uniqly UNIQ usecase" class="wp-image-4616" srcset="http://nfcms1:80/app/uploads/2021/04/uniqly-UNIQ-usecase.png 1737w, http://nfcms1:80/app/uploads/2021/04/uniqly-UNIQ-usecase-300x137.png 300w, http://nfcms1:80/app/uploads/2021/04/uniqly-UNIQ-usecase-1024x468.png 1024w, http://nfcms1:80/app/uploads/2021/04/uniqly-UNIQ-usecase-768x351.png 768w, http://nfcms1:80/app/uploads/2021/04/uniqly-UNIQ-usecase-1536x702.png 1536w" sizes="(max-width: 1737px) 100vw, 1737px" /></figure></div>



<p>The 8 use cases of the token aims to, above all, offer the user <strong>to take advantage of exclusive discounts, special NFT rewards for stakers and to even allow access to private collections.</strong> It is important to note that 63% of the total tokens will be issued during the presale of the project.</p>



<p>The public sale started on March 20,  with 6,660,000 UNIQ for the public to be unlocked for 20 weeks at 4% of supply per week and the entry price on Uniswap will be $ 0.4 on April 15. <strong>The remaining 20% will be distributed at the end of the presale.</strong></p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1114" height="630" src="http://nfcms1/app/uploads/2021/04/uniqly-tokenomics.png" alt="uniqly tokenomics" class="wp-image-4615" srcset="http://nfcms1:80/app/uploads/2021/04/uniqly-tokenomics.png 1114w, http://nfcms1:80/app/uploads/2021/04/uniqly-tokenomics-300x170.png 300w, http://nfcms1:80/app/uploads/2021/04/uniqly-tokenomics-1024x579.png 1024w, http://nfcms1:80/app/uploads/2021/04/uniqly-tokenomics-768x434.png 768w" sizes="(max-width: 1114px) 100vw, 1114px" /></figure></div>



<p>As you will have understood, the UNIQ is aimed more at users than at creators so depending on the intended use, an investment strategy will be necessary because <strong>15% of Uniqly&#8217;s profits will be used to burn the tokens in order to maintain an economic balance over the long term.</strong></p>



<p>In addition, Uniqly will soon offer a staking service where it will be possible to sequester its NFTs in order to have the chance to receive <strong>an exclusive Uniqly t-shirt!</strong></p>



<p>Regarding this exclusive collection, <strong>there will be only 10 000 t-shirts</strong>. The price of first ones are going to be the cheapest ones, and then closer to 10k then the price will be bigger.</p>



<h2><strong>Conclusion</strong></h2>



<p>Uniqly is a pioneer in the field of retail sales by wanting <strong>to ensure the traceability of sold goods</strong> while offering creators and brands the ability to offer their product on its platform.&nbsp;</p>



<p>By using a standard recognized by all open marketplaces like <a href="https://opensea.io/" target="_blank" rel="noreferrer noopener">Opensea</a> or <a href="https://rarible.com/" target="_blank" rel="noreferrer noopener">Rarible</a>, the audience goes well beyond Uniqly, and yet, the end result remains the same:<strong> to be able to obtain physical goods by having bought an NFT.</strong> By burning the NFT after the sale, it is the timestamping that will prove the purchase or sale of the garment and in this way, an NFT can only actually be sold once.</p>



<p>A question remains, however: Will the partner companies agree to play the blockchain traceability game for the verification of their clothing? If so, Uniqly could become an essential platform in terms of transparency and traceability of the products it offers!</p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


While more and more people are buying Non-Fungible Tokens to collect or encourage development of their projects, different use cases are beginning to appear. This is the case for Uniqly who is looking to authenticate the origin of clothing and more!

Uniqly: a new way to print your NFT!


<p>We have been listening to the comments and requests from the community and have heard you! Today we are releasing new Artist Features to the <a href="https://gamecredits.org/technology/" target="_blank" rel="noreferrer noopener">GAME Credits Foundry</a> based on your feedback!&nbsp; With these new features, <strong>Creators can craft and sell NFTs, completely gas-free, in just a matter of minutes.</strong></p>



<h2>Presentation of GAME Credits</h2>



<p>In 2020, GAME Credits released their <strong>beta version of the GAME Credits Foundry</strong>, one of the first platforms allowing Creators to make NFTs on the <strong>Polygon</strong> (ex-Matic) blockchain. Since the launch, they have been working closely with all types of creators to develop additional functionalities that will make the Foundry <strong>the perfect minting tool for everyone</strong>.</p>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/04/game-credits-featured-collection.jpg" alt="game credits featured collection" class="wp-image-4600" width="580" height="506" srcset="http://nfcms1:80/app/uploads/2021/04/game-credits-featured-collection.jpg 880w, http://nfcms1:80/app/uploads/2021/04/game-credits-featured-collection-300x262.jpg 300w, http://nfcms1:80/app/uploads/2021/04/game-credits-featured-collection-768x670.jpg 768w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<p>Whether you are a <strong>visual artist</strong>, <strong>musician</strong>, <strong>game developer</strong> or other <strong>creator</strong>, the Foundry now provides an easy-to-use option for you to mint and sell your creations as NFTs.&nbsp;</p>



<p>With the new features, creators can now:</p>



<ul><li>Sign up and create a <strong>customized creator page</strong> without incurring gas fees.</li><li><strong>Create and sell</strong> NFTs without paying gas.</li><li>Mint NFTs in a variety of aspect ratios and file formats including: <strong>JPEGs</strong>, <strong>PNGs</strong>, <strong>GIFs</strong>, and <strong>MP4s</strong>.</li><li>Upload files <strong>up to 50 MB</strong> in size.</li><li>Include content with their NFTs that can only be <strong>unlocked after purchase</strong>.</li></ul>



<h2><strong>Sidechain Creators</strong></h2>



<p>Creators now have two options when creating their accounts on the GAME Credits Platform.</p>



<ol><li><strong>Low Cost Option for Creators: </strong>If you want to design and sell NFT&#8217;s on the platform with an eco-friendly solution, and zero gas fees, then this is the option for you.</li><li><strong>DeFi Rewards Option for Creators: </strong>GAME Credits offers extensive weekly rewards to both creators and creator supporters through our rewards portal. The rewards portal is run through smart contracts on Ethereum, so while the gas costs may be high, if user support is also high, the weekly payout can be very good. Creators can offer incentives through contests and loyalty points for buying NFT&#8217;s to help drive additional users to stake their GAME on them and show support for the Creator. <strong><em>Example:</em></strong> Since June 2020, Nova Blitz has earned over one million GAME Credits in rewards.</li></ol>



<h2><strong>All New NFT Minting Options</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/04/game-credits-marketplaces.jpg" alt="game credits marketplaces" class="wp-image-4601" width="580" height="386" srcset="http://nfcms1:80/app/uploads/2021/04/game-credits-marketplaces.jpg 884w, http://nfcms1:80/app/uploads/2021/04/game-credits-marketplaces-300x200.jpg 300w, http://nfcms1:80/app/uploads/2021/04/game-credits-marketplaces-768x512.jpg 768w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<p>With this new features, <strong>the sky is the limit</strong> on the types of NFTs a creator can craft and sell in just a matter of minutes without incurring any gas fees.</p>



<p>Whether it’s a still image or an animated piece with sound, you can now mint it on the GAME Credits Foundry!&nbsp;</p>



<p>The Foundry now supports files up to 50 MB in a wide variety of file types including: JPEGs, PNGs, GIFs, and MP4s. Best of all, the entire process of minting an NFT on the Foundry <strong>takes only a few minutes</strong>.</p>



<h2><strong>Unlockable Content and many features</strong></h2>



<p>Want to give the purchaser of your NFT access to a <strong>3D model</strong> they can use in a blockchain metaverse?&nbsp;How about the ability to <strong>download the audio file</strong> used to make your NFT? Or maybe it&#8217;s a <strong>high-resolution version of the image</strong> you want to make available to the purchaser for printing.&nbsp;</p>



<p>Whatever it is, it&#8217;s now achievable with <strong>unlockable content</strong>. Unlockable content gives the creator the ability to attach a file of any format to their NFT that can only be downloaded once the NFT is purchased.</p>



<p>With unlockable content, there are almost <strong>limitless possibilities</strong> to how NFTs can be used as a means of providing purchasers with all kinds of digital content tailored for virtually any use case.&nbsp;This is just the beginning.&nbsp;GAME Credit will constantly be adding new features and updates to make this the most convenient way to design and sell your own custom NFTs.</p>



<p class="has-vivid-red-color has-text-color"> Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.   </p>


Game Credits expands its possibilities by offering the possibility for cryptoartists to take advantage of a way to create their works thanks to Game Credits Foundry! By going through Polygon, it will respond to a growing need to pay less costs to mine its NFTs.

Game Credits joins the Cryptoart movement


<p>Since all <strong>cultural</strong> and <strong>festive events</strong> have been canceled or postponed due to the various planetary confinements, the world of concerts seems to be only a distant memory. <strong>Yet who said culture was dead?</strong></p>



<p>You only have to browse the web to realize that there are still a lot of virtual events and also some even in the real world!</p>



<p>But then how do you attend or organize the sale of tickets? A good old PDF with a QR code is ok but risks being exchanged or duplicated very quickly, everyone is aware of the power of the internet to <strong>distribute content</strong> that is supposed to be confidential! In addition, if the event is eagerly awaited and all seats have been sold out quickly, it is difficult to know if the ticket on the second-hand market is truly authentic and valid..</p>



<p>‘Blockchain fixes this’ &#8211; <a href="https://get-protocol.io/" target="_blank" rel="noreferrer noopener">GET Protocol</a> solves the lack of transparency and trust in the ticketing world, using a variety of <strong>innovative technology</strong>, including NFTs.</p>



<h2><strong>Presentation</strong> of GET Protocol</h2>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/03/GET-Protocol-ticket-concert.jpg" alt="GET Protocol ticket concert" class="wp-image-3663" width="579" height="554" srcset="http://nfcms1:80/app/uploads/2021/03/GET-Protocol-ticket-concert.jpg 1176w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-ticket-concert-300x288.jpg 300w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-ticket-concert-1024x981.jpg 1024w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-ticket-concert-768x736.jpg 768w" sizes="(max-width: 579px) 100vw, 579px" /></figure></div>



<p>The history of GET Protocol dates back to well before the 2020 global lockdown! Indeed, already in 2016 the idea of distributing tickets whose origin could be traced on the blockchain was alive and kicking in the team’s mind. Not long after the idea was conceived, they received their first funding to develop a <strong>smart ticketing solution</strong>.</p>



<p>After some local testing and a proof of concept, a new kind of ticketing company was born: <a href="https://guts.tickets/" target="_blank" rel="noreferrer noopener">GUTS Tickets</a>! The purpose behind this new type of ticketing was clear and announced in their Whitepaper &#8211; to prevent scalping and fraud and to make ticketing honest.</p>



<p>Since 2017 the application has picked up steam and GUTS Tickets has been used by more and more artists and events. To quote a few <a href="https://medium.com/get-protocol/a-continuous-list-of-artists-event-organizers-who-have-used-guts-tickets-e11881c3bc85" target="_blank" rel="noreferrer noopener">at random</a>: <strong>Dead Can Dance</strong>, <strong>Kensington, Jochem Myjer</strong>, <strong>ZAZ, Dutch Blockchain Week</strong>, <strong>Oerrock Festival</strong>, <strong>Woodkid</strong>…the list is long and is only expected to grow in time to come!&nbsp;</p>



<p>In 2020, the year that marked a sudden halt in the event industry, GET Protocol focussed on international adoption. It managed to find suitable integrators for its whitelabel solution, resulting in the fact that the protocol is currently being used by ticketing companies in Germany, Italy, South Korea as well as Holland.&nbsp;</p>



<p>According to the team there are advanced talks with other whitelabeling parties.</p>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/03/GET-Protocol-concert-1024x724.jpg" alt="GET Protocol concert" class="wp-image-3659" width="580" height="410" srcset="http://nfcms1:80/app/uploads/2021/03/GET-Protocol-concert-1024x724.jpg 1024w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-concert-300x212.jpg 300w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-concert-768x543.jpg 768w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-concert-1536x1086.jpg 1536w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-concert.jpg 1600w" sizes="(max-width: 580px) 100vw, 580px" /><figcaption><em>Skalar &#8211; one of the events ticketed using GET Protocol.</em></figcaption></figure></div>



<p>Since their beginning, tickets issued by GET Protocol are registered on-chain (ETH). Over the years this registration approach has been optimized in order to provide a competitive service to their thousands of users. You can track along with all ticket activity of GET Protocol on this handy, community-made datasite. </p>



<p>GET Protocol is what you might call &#8220;<strong>blockchain agnostic</strong>&#8221; but be aware: it is not a stop gap between several blockchains, but rather a user-focussed solution that evolves its approach as the blockchain industry grows.<br><br>As such, recently GET Protocol launched NFT ticketing &#8211; every ticket issued by the protocol is an NFT, unlocking countless new possibilities.</p>



<h2><strong>Next level ticketing</strong></h2>



<p>In the team’s own words:</p>



<p>‘<em>If an event is created by an event organizer the details about this event will be stored/pushed to the blockchain as soon as the event is published.</em></p>



<p><em>This means that if a lot of events are registered on a single day, the community will be able to infer what events these are and what can be expected of the subsequent future sales!</em></p>



<p><em>The fact that each ticket is an NFT opens many doors for new innovative features. For example, after scanning tickets of events can become collectibles, lottery tickets or playing cards.’</em></p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1776" height="1176" src="http://nfcms1/app/uploads/2021/03/GET-Protocol-smart-tickets.png" alt="GET Protocol smart tickets" class="wp-image-3660" srcset="http://nfcms1:80/app/uploads/2021/03/GET-Protocol-smart-tickets.png 1776w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-smart-tickets-300x199.png 300w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-smart-tickets-1024x678.png 1024w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-smart-tickets-768x509.png 768w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-smart-tickets-1536x1017.png 1536w" sizes="(max-width: 1776px) 100vw, 1776px" /></figure></div>



<p>On top of this, the team is planning to use NFT tech <a href="https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5" target="_blank" rel="noreferrer noopener">in a DeFi feature</a> that will allow artists to pre-finance their own events, later this year.</p>



<p>As mentioned earlier in the introduction, there are many issues with current ticketing systems today, whether for concerts or sporting events:</p>



<ul><li>Ticket traceability and validity</li><li>Visibility and price control of the secondary market</li><li>Fraud management</li><li>Fair price of tickets</li><li>Ticket security against hacks</li><li>Guarantee of data confidentiality</li></ul>



<p>Fortunately, thanks to the use of one (or more) blockchains, it is possible to overcome all these problems! These <strong>issues</strong> are encountered by any organizer and <a href="https://medium.com/get-protocol/the-desert-of-the-real-introducing-getnft-tickets-99a14e0b6951" target="_blank" rel="noreferrer noopener">where GET Protocol innovates</a> is precisely by <strong>guaranteeing a transparent system</strong> for the end user who will not realize they are using NFTs.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="2259" height="1587" src="http://nfcms1/app/uploads/2021/03/GET-Protocol-static-vs-blockchain.png" alt="GET Protocol static vs blockchain" class="wp-image-3661" srcset="http://nfcms1:80/app/uploads/2021/03/GET-Protocol-static-vs-blockchain.png 2259w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-static-vs-blockchain-300x211.png 300w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-static-vs-blockchain-1024x719.png 1024w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-static-vs-blockchain-768x540.png 768w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-static-vs-blockchain-1536x1079.png 1536w, http://nfcms1:80/app/uploads/2021/03/GET-Protocol-static-vs-blockchain-2048x1439.png 2048w" sizes="(max-width: 2259px) 100vw, 2259px" /></figure></div>



<p>On the other hand, from the <strong>organizers point of view</strong>, it is possible to track all their tickets in real-time, assign certain limits such as resale prices, and ensure the <strong>best possible management</strong> of their ticket allround.</p>



<p>It is in a way the “<strong>magic</strong>” of the blockchain. No one will be able to say it is easy to set up but that is why <strong>GET Protocol</strong> has strived all these years, to make the process as easy as possible for all parties involved.</p>



<p>Everything has been thought through to strike a balance between the economy behind the tickets, the functionality offered by the protocol and the ease of use for users and ticket resellers.</p>



<h2><strong>Tokenomics</strong></h2>



<p>Now that we&#8217;ve seen the different features of tickets, it&#8217;s time to understand how the economy of GET Protocol works. Indeed, this is the cornerstone for the distribution of tickets and while it is easy to understand that <strong>a ticket = NFT</strong>, let&#8217;s see how the <a href="https://get-protocol.io/token/#tokenomics" target="_blank" rel="noreferrer noopener">tokenomics of the project&#8217;s fungible token</a> works.</p>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/03/GET-Protocols-tokenomics-easy.jpg" alt="GET Protocols tokenomics easy" class="wp-image-3662" width="580" height="327" srcset="http://nfcms1:80/app/uploads/2021/03/GET-Protocols-tokenomics-easy.jpg 1190w, http://nfcms1:80/app/uploads/2021/03/GET-Protocols-tokenomics-easy-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/03/GET-Protocols-tokenomics-easy-1024x577.jpg 1024w, http://nfcms1:80/app/uploads/2021/03/GET-Protocols-tokenomics-easy-768x433.jpg 768w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<p>First of all, be aware that<strong> each ticket</strong> is “fueled” by GET tokens in order to function. The more complex a ticket is (with reselling or added features), the more GET is required. Today the team manages the loading aspect on behalf of the organizers, but in the near future it will be up to event organizers themselves to buy the GET token from the open market to fuel their tickets.</p>



<p>After a ticket is scanned at an event, a portion of the used GET is burned and taken out of circulation forever.&nbsp;</p>



<p>You can see the <a href="https://get-protocol.io/buyback/" target="_blank" rel="noreferrer noopener">past buyback-and-burn data compiled here.</a></p>



<p>Important to note that the team has announced an update to the tokenomics, to include new token utility, such as NFT and DeFi.</p>



<h2><strong>Conclusion</strong></h2>



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/03/DI-RECT-concert.jpeg" alt="DI-RECT concert" class="wp-image-3656" width="560" height="790" srcset="http://nfcms1:80/app/uploads/2021/03/DI-RECT-concert.jpeg 560w, http://nfcms1:80/app/uploads/2021/03/DI-RECT-concert-213x300.jpeg 213w" sizes="(max-width: 560px) 100vw, 560px" /></figure></div>



<p><strong>GET Protocol</strong> has continued to develop its product despite the lockdowns, in particular to allow artists to sell digital access to their virtual concerts but are already ready to anticipate the return of concerts in a <a href="https://medium.com/get-protocol/get-update-january-21-new-years-revolution-f07da32ff75a" target="_blank" rel="noreferrer noopener">transparent and open manner</a>.</p>



<p>It is undeniable that ticket distribution systems using NFTs will become more widely spread and several renowned artists have been interested in them since the beginning of the year. (<a href="https://decrypt.co/59760/mark-cuban-dallas-mavericks-blockchain-for-ticketing" target="_blank" rel="noreferrer noopener">Mark Cuban</a> for the Dallas Maverick show, King of Leon <a href="https://www.cnbc.com/2021/03/03/kings-of-leon-to-release-album-as-nft-.html" target="_blank" rel="noreferrer noopener">distribute an album</a> in the form of an NFT, <a href="https://twitter.com/panzer/status/1366791505013133317?s=20" target="_blank" rel="noreferrer noopener">Matthew Panzarino tweets</a> about the interest of NFT ticketing and so on)</p>



<p>GET Protocol have a transparent system that:</p>



<ul><li>For the end user who will not realize they are using the blockchain</li><li>Ensures data security and confidentiality</li><li>Greatly limits fraud</li><li>Works in a circular and decentralized economy</li></ul>



<p>is very clearly a use case with a very bright future ahead! For lovers of physical concert tickets who like to remember the various events in which they participated, they can be reassured at least on one point: NFTs will be on the blockchain forever!</p>



<p class="has-vivid-red-color has-text-color">Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.</p>


When it comes to NFT use cases we may think of art in particular today. However, there are other concrete use cases in real life such as ticketing for real or virtual events!

The future of ticketing with GET Protocol


<p>In the face of successive lockdowns during 2020, the world was forced to adopt a digital lifestyle, this shift impacted the cultural sector who were no longer able to operate in the real world. This physical limitation has led a large number of Artists to take an interest in NFTs and their potential use. Thanks to an enthusiastic and friendly community who were happy to see all these new Artists arrive, <strong>many have had a great first NFT experience</strong>.</p>



<p>Now that intermediate solutions have been found for Covid 19, parts of the World have been allowed to move somewhat more freely again. And cultural life is attempting <strong>to resume its course with new initiatives that mix the virtual and the real world beginning to emerge</strong>.&nbsp;</p>



<p>The ability that the Blockchain has to be used for ‘timestamping’ and NFTs as certificates of authenticity, have given new ideas to creators.&nbsp; Collectors and Artists can now operate in a <strong>Peer to Peer environment</strong>, the Blockchain also radically <strong>reduces the risk of counterfeiting</strong>, monitoring of works and collections is easier and even to simply be able to offer a new experience is of value, the advantages provided by this decentralized Universe are immense.&nbsp;</p>



<p>Suppose a Photographer wants to exhibit and sell a set of 3 photos, 10 prints of each. In the NFT space several solutions are available to them, ranging from releasing in a <strong>100% virtual environment</strong> all the way through to being able to conceal the use of Blockchain as much as possible.</p>



<h2><strong>Scenario 1: Full Blockchain!</strong></h2>



<p>In this scenario, everything is <strong>organized in a digital space and as decentralised much as possible</strong>. We will not be talking about dedicated Art Marketplaces here because their entry process can sometimes be long and very selective. It is quite possible <strong>to organize your Digital Exhibition independently,</strong> but this will require several levels of preparation, both for the Photographer and for the public.&nbsp;</p>



<h3><strong>Step 1: Preparation</strong></h3>



<p>First, you need to create a Cryptocurrency wallet that will <strong>interact with the Ethereum Blockchain</strong>. To do this, simply install <a href="https://metamask.io/" target="_blank" rel="noreferrer noopener">Metamask</a> (following the step-by-step tutorial) and drop some Ether into it. This can be thanks to a friend who has agreed to exchange Fiat for Eth or via an exchange platform (like <a href="https://www.coinbase.com/" target="_blank" rel="noreferrer noopener">Coinbase</a>, <a href="https://www.binance.com/en" target="_blank" rel="noreferrer noopener">Binance</a> or Wyre which is implemented in Metamask).</p>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/02/wyre.png" alt="wyre" class="wp-image-3346" width="351" height="371" srcset="http://nfcms1:80/app/uploads/2021/02/wyre.png 351w, http://nfcms1:80/app/uploads/2021/02/wyre-284x300.png 284w" sizes="(max-width: 351px) 100vw, 351px" /></figure></div>



<p>Next comes the question of the sale as well as the certification of the photos on the Blockchain. Although the photos will be sent by post, buyers still need <strong>to be able to view them online and verify</strong> from home that the author is who they say they are.</p>



<h3><strong>Step 2: Creation</strong></h3>



<p>To ensure the greatest possible <strong>decentralization and interoperability</strong>, it is advisable to use a reference platform such as <a href="https://opensea.io/" target="_blank" rel="noreferrer noopener">Opensea</a>. This marketplace offers the <a href="https://opensea.io/blog/announcements/introducing-the-collection-manager/" target="_blank" rel="noreferrer noopener">creation of collections as well as the “mint”</a> of NFTs for free!</p>



<p>There are of course others like Rarible or Mintbase which have other tools and features, but at the moment the price of transaction fees is high.</p>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/02/create-item-opensea.png" alt="create item opensea" class="wp-image-3345" width="580" height="295" srcset="http://nfcms1:80/app/uploads/2021/02/create-item-opensea.png 769w, http://nfcms1:80/app/uploads/2021/02/create-item-opensea-300x153.png 300w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<p>Once the collection (which represents a smart contract) is created, the creation or ‘mint’ of the new object will require you to enter certain information:</p>



<ul><li>The content (image, video, audio, etc.)</li><li>The name of the work</li><li>An external link (for example to offer a hard copy)</li><li>A description</li><li>The number of editions</li></ul>



<p>For three different photos, there will therefore be three NFTs to create.</p>



<p>Generally, the creation of a smart-contract as well as the mint of each edition normally <strong>costs transaction fees which can be quite high</strong>!<br><br>Opensea has set up a system so that only the metadata is visible at first and it will be the transaction fees paid by the buyer that will ‘really’ allow the appearance on the NFT Blockchain. Once this transaction has been completed, <strong>it will no longer be possible to change or delete the collection</strong>!</p>



<p>Once this information is entered on Ethereum, <strong>anyone can publicly verify the provenance of the transaction to its origin</strong>. This means that even if the NFT is sold 100 times on the Secondary Market, it will still be possible to <strong>identify its original author</strong>.</p>



<h3><strong>Step 3: The Exhibition</strong></h3>



<p>Now that NFTs are accessible to everyone, we will have to give them more visibility. As part of a Virtual Exhibition, there are now two projects that can host it: <a href="https://decentraland.org/" target="_blank" rel="noreferrer noopener">Decentraland</a> and <a href="https://www.cryptovoxels.com/" target="_blank" rel="noreferrer noopener">Voxels</a>.</p>



<p>These two virtual worlds share in common the <strong>decentralized aspect of the land</strong> found there but each have <a href="https://nonfungible.com/news/metaverse/art-metaverses-perfect-fit" target="_blank" rel="noreferrer noopener">their own identity</a>.</p>



<p>Ideally, if the Photographer wishes to have his own personalized gallery, he will have to first purchase a piece of land in the form of an NFT attached to the project. But as the LAND market on <a href="https://nonfungible.com/market-tracker/decentraland" target="_blank" rel="noreferrer noopener">Decentraland</a> or <a href="https://nonfungible.com/market-tracker/cryptovoxels" target="_blank" rel="noreferrer noopener">Voxel</a><a href="https://www.cryptovoxels.com/">s</a> has become quite expensive, Fortunately there are <strong>more affordable solutions </strong>such as the possibility of renting land for a defined period.</p>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/02/dcl-galeries-1024x550.jpg" alt="dcl galeries" class="wp-image-3323" width="580" height="311" srcset="http://nfcms1:80/app/uploads/2021/02/dcl-galeries-1024x550.jpg 1024w, http://nfcms1:80/app/uploads/2021/02/dcl-galeries-300x161.jpg 300w, http://nfcms1:80/app/uploads/2021/02/dcl-galeries-768x413.jpg 768w, http://nfcms1:80/app/uploads/2021/02/dcl-galeries.jpg 1400w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<p>For Decentraland, before looking for a lease, it is necessary <strong>to build your own gallery</strong> using the project&#8217;s <a href="https://builder.decentraland.org/" target="_blank" rel="noreferrer noopener">Builder tool</a> or SDK. NFTs appear at the bottom of the list of ‘Asset Packs’ and can therefore be displayed in the space according to their creators preference.</p>



<p>For CryptoVoxels, it is necessary <strong>to have a LAND before you can build on it</strong>. It will be necessary to establish a contract of trust beforehand with a land owner so that he can exhibit your work in his Gallery. <strong>As this Metaverse has been very invested and dedicated towards Crypto Artists</strong>, projects like <a href="https://twitter.com/museumcryptoart?lang=en" target="_blank" rel="noreferrer noopener">MoCA</a> are aware of the question of art and can best help prepare for the Exhibition.</p>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/02/CV-galeries.jpg" alt="CryptoVoxels galeries" class="wp-image-3322" width="580" height="445" srcset="http://nfcms1:80/app/uploads/2021/02/CV-galeries.jpg 993w, http://nfcms1:80/app/uploads/2021/02/CV-galeries-300x231.jpg 300w, http://nfcms1:80/app/uploads/2021/02/CV-galeries-768x590.jpg 768w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<p>In both cases, it will be possible to purchase the exhibited works directly from a web browser. All that remains is to share the link to the community when the event is launched for the Exhibition to begin!</p>



<h2><strong>Scenario 2: Minimal use of the blockchain</strong></h2>



<p>In this scenario, the exposure must take place in the real world and the public has no technical knowledge of Crypto. The Photographer wants to <strong>minimize the use of the Blockchain</strong> for this first experience.</p>



<p>To ensure that this exhibition runs as smoothly as possible and that anyone can buy photos from it, only the signature will be registered on the Blockchain.</p>



<h3><strong>Step 1: Sensitization</strong></h3>



<p>Since people with an awareness of the artistic world are used to trying new experiences that take them out of their comfort zone, there is a good chance <strong>they will willingly visit a Virtual World Exhibition</strong>.</p>



<p>However, <strong>some investors will still need to be reassured</strong> and the announcement of the technical innovation of the exhibition should contain several important pieces of information:</p>



<ul><li>The author&#8217;s signature will not be on the photos</li><li>It can be verified in a tamper-proof manner before purchasing the photo by anyone</li></ul>



<p>There are many resources that surround Cryptocurrencies, but to make sure everyone understands what it is, the Bitcoin Blockchain will be used.</p>



<p>It is important to focus on the problems that Blockchain solves <strong>(trustless, no third party control and transparency of information in a database)</strong> rather than speaking of financial investment.</p>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img loading="lazy" src="http://nfcms1/app/uploads/2021/02/finger-2081169_1280-1024x576.jpg" alt="digital fingerprint" class="wp-image-3344" width="580" height="326" srcset="http://nfcms1:80/app/uploads/2021/02/finger-2081169_1280-1024x576.jpg 1024w, http://nfcms1:80/app/uploads/2021/02/finger-2081169_1280-300x169.jpg 300w, http://nfcms1:80/app/uploads/2021/02/finger-2081169_1280-768x432.jpg 768w, http://nfcms1:80/app/uploads/2021/02/finger-2081169_1280.jpg 1280w" sizes="(max-width: 580px) 100vw, 580px" /></figure></div>



<h3><strong>Step 2: Sign and Certificate</strong></h3>



<p>Once the public realizes that they have an opportunity to verify the provenance of the photo, they will definitely want to give it a try!</p>



<p>This operation is very simple, just go to bitcoin.com for example to find a <a href="https://tools.bitcoin.com/verify-message/" target="_blank" rel="noreferrer noopener">free tool</a>. With just a few clicks, anyone can verify the signature of a transaction message on this Blockchain thanks to three elements:</p>



<ul><li>The public address of the author&#8217;s portfolio</li><li>The exact message contained in the transaction</li><li>The signing of the transaction</li></ul>



<p>To provide this information, the photographer will have the choice between two options: <strong>do the procedure himself or go through a trusted third </strong>party.</p>



<h4><strong>Perform the operation yourself</strong></h4>



<p>You will first need to <strong>host your photo file on a decentralized server system</strong> (IFPS). Then, create a dedicated Bitcoin wallet and communicate the public address to as many people as possible so that officially everyone knows that the author has the private keys and therefore the possibility to sign.</p>



<p>The URL link to access the photo will be the message signed during the transaction on the Blockchain.</p>



<p>While managing the private keys of a Bitcoin wallet is something the photographer doesn&#8217;t feel confident about, t<strong>hey can delegate this task to someone else</strong> as well.</p>



<h4><strong>Carry out the operation by a trusted third party</strong></h4>



<p>There are several companies that offer tools to perform this operation, we will mention two of them here.</p>



<ul><li><a href="https://www.woleet.io/" target="_blank" rel="noreferrer noopener">Woleet</a> : startup allowing above all to <strong>sign official documents in companies</strong>. Running on a subscription system, the first week serves as a trial version to discover the different features offered Timestamping, <a href="https://www.woleet.io/electronic-signature/" target="_blank" rel="noreferrer noopener">E-signature</a>, etc. The advantage is that <strong>the company manages all the technical aspects</strong> but the disadvantages will be found in the possession of its private keys and the limitation to be able to verify the information only from their site.</li><li><a href="https://verisart.com/" target="_blank" rel="noreferrer noopener">Verisart</a> : The site is dedicated to creators wishing to sign their works on the Blockchain. Free registration allows you to create certificates, share them via social network, print PDF certificates and transfer them to new owners. The first level of subscription ($10/month) and offers other advantages such as <strong>personalization or control of the confidentiality</strong> of the certificate.</li></ul>



<p>For our scenario, it will be the free Verisart solution that we will use.</p>



<h3><strong>Step 3: The Exhibition</strong></h3>



<p>Now that everything is in place, the Exhibition can begin! If the experience concerns only the exhibition, the verification and distribution of the certificates of the photos can be done directly on site using all the elements given above.</p>



<p>But with a longer-term vision, it will be necessary to remember to keep the possibility of <strong>verifying artworks</strong> for the Secondary Market. The best compromise is to put the QR code provided by Verisart at the back of the photos so that <strong>anyone can find out who the author is just by scanning it!</strong></p>



<p>Even if the Photographer can be sure that the certificate was given to the buyer during the first sale, <strong>it cannot guarantee that a potential secondary reseller will be forgotten</strong> regardless of the method used.</p>



<h2><strong>Both solutions need preparation</strong></h2>



<p>The two scenarios presented above are of course not set in stone and have been entirely imagined. There are still very few such initiatives in the real world that have made concrete use of Blockchain possible at Exhibitions.</p>



<p>In both scenarios <strong>there are advantages and disadvantages</strong>, here is a non-exhaustive list.</p>



<ul><li><strong>Pros of the first scenario:</strong> Public already aware of Crypto, very long-term conservation of works, security, transparency, interoperability between platforms of the same Blockchain.</li><li><strong>Cons:</strong> Access for non-crypto-aware public, LANDS prices, Crypto volatility, definitive errors.</li><li><strong>Pros of the second scenario</strong>: Access for non-crypto-aware public, ease of use, modification in case of error.</li><li><strong>Cons:</strong> Non-visible secondary market, dependence (if using a third party for the signature), centralization, degradation of the artwork.</li></ul>



<p>The growing NFT auction market has reached the world of Gallery owners who have heard about this new creative avenue and are starting to take an interest in it. In anticipation of possible future confinement due to the Pandemic, <strong>Artists will not be able to continue to depend on government opinions t</strong>o continue to make a living from their works.</p>



<p><strong>So there are still a lot of experiments to be carried out to find the right balance between real and virtual even if ultimately it depends on the artistic direction the author wants to give to his Exhibition.</strong></p>


NFTs are democratizing, great news! But the problems of use between the virtual and real world are still numerous, precisely how do you use it on a daily basis? In this new series of articles we’ll take a closer look at the use cases that mix real and virtual worlds.

How to prepare an NFT Photography Exhibition?


<p>Assessing NFTs is not an easy task. We had the occasion to face the complexity of this when we performed valuation the assets of one of the most important wallets of the ecosystem: WhaleShark&#8217;s VAULT, on the occasion of the launch of the <a href="https://whale.me/" target="_blank" rel="noreferrer noopener">social currency $WHALE</a>.</p>



<p><em>Discover the $WHALE NFT vault valuation report now:</em></p>



<div class="wp-block-image"><figure class="aligncenter size-full"><a href="https://nonfungible.com/static/may-2020-whale-vault-audit.pdf"><img loading="lazy" width="1315" height="748" src="http://nfcms1/app/uploads/2020/06/image.png" alt="" class="wp-image-2127" srcset="http://nfcms1:80/app/uploads/2020/06/image.png 1315w, http://nfcms1:80/app/uploads/2020/06/image-300x171.png 300w, http://nfcms1:80/app/uploads/2020/06/image-1024x582.png 1024w, http://nfcms1:80/app/uploads/2020/06/image-768x437.png 768w" sizes="(max-width: 1315px) 100vw, 1315px" /></a><figcaption><em>Click to access to the first $Whale Wallet Valuation Audit</em></figcaption></figure></div>



<p>This article has 3 objectives:</p>



<ul><li>Highlight the hurdles in NFT valuation assessment</li><li>Provide first inputs about the valuation approaches that appear to be relevant to date</li><li>Detail the position of NonFungible.com towards NFT Valuation</li></ul>



<h2>Why is NFT valuation complex?</h2>



<p>Basically, an NFT is nothing more than an asset like any other, with metadata that defines it, buyers, sellers, name, color&#8230;, and ultimately: a market. So what makes the task of evaluating an NFT so complex?</p>



<h3><strong>1. A market still highly speculative</strong></h3>



<p>We have often been asked if we take into account the price of comparable currently for sale assets to define the value of an NFT.</p>



<p>No, current list-price of NFTs are not taken into account and must, in no case, be taken into account. Although the ecosystem is becoming more and more mature every day, it remains highly speculative to this day. Thus, many buyers (more or less aware of real market trends) buy assets to try to resell them 10 times more expensive. It is for this reason that there are less desirable $LAND listed for more than 10 million MANA on Decentraland marketplace.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><a href="https://market.decentraland.org/browse?page=28&amp;section=parcels&amp;sortBy=cheapest&amp;onlyOnSale=true"><img loading="lazy" width="1252" height="580" src="http://nfcms1/app/uploads/2020/06/image-1.png" alt="" class="wp-image-2128" srcset="http://nfcms1:80/app/uploads/2020/06/image-1.png 1252w, http://nfcms1:80/app/uploads/2020/06/image-1-300x139.png 300w, http://nfcms1:80/app/uploads/2020/06/image-1-1024x474.png 1024w, http://nfcms1:80/app/uploads/2020/06/image-1-768x356.png 768w" sizes="(max-width: 1252px) 100vw, 1252px" /></a><figcaption><em>Click to access to Decentraland $LAND Marketplace</em></figcaption></figure></div>



<h3><strong>2. Lack of liquidity</strong></h3>



<p>The lack of liquidity in a market represents the first major difficulty in the valuation of an asset. If no comparable asset has ever been sold or if the last sale was more than 6 months ago, the estimate of the current market price for this asset will likely be less precise.</p>



<p>Note that the more rare the asset (ie: Gods Unchained Mythic Cards) or even unique (work of art published in 1 copy, which is not part of a series), the more difficult it will be to find a point of relevant comparison to estimate its market value.</p>



<p>Suffice to say that the NFT art segment is extremely difficult to assess.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="1152" height="768" src="http://nfcms1/app/uploads/2020/06/m-b-m-ZzOa5G8hSPI-unsplash-Medium.jpg" alt="" class="wp-image-2154" srcset="http://nfcms1:80/app/uploads/2020/06/m-b-m-ZzOa5G8hSPI-unsplash-Medium.jpg 1152w, http://nfcms1:80/app/uploads/2020/06/m-b-m-ZzOa5G8hSPI-unsplash-Medium-300x200.jpg 300w, http://nfcms1:80/app/uploads/2020/06/m-b-m-ZzOa5G8hSPI-unsplash-Medium-1024x683.jpg 1024w, http://nfcms1:80/app/uploads/2020/06/m-b-m-ZzOa5G8hSPI-unsplash-Medium-768x512.jpg 768w" sizes="(max-width: 1152px) 100vw, 1152px" /></figure></div>



<h3><strong>3. NFT diversity</strong></h3>



<p>There is not one type of NFT, but several hundred. Each project publishes its NFT(s), each composed of its own metadata, which define its characteristics in the context of the project and therefore its value, based on sometimes objective criteria and sometimes on the appreciation of the community.</p>



<p>Evaluating an NFT correctly would therefore require identifying for EACH type of NFT which metadata are involved in defining its value.</p>



<p>Some examples of criteria defining  the asset value:</p>



<ul><li><strong>Decentraland &#8211; $LAND</strong><ul><li>Being close to the center, roadside, close to a promising district, close to already developed or promising estates, …</li></ul></li><li><strong>Gods Unchained &#8211; $CARD</strong><ul><li>The name of the card, its Rarity and its Quality …</li></ul></li><li><strong>CryptoVoxels &#8211; $CVPA</strong><ul><li>The location of the plot, the suburb of which it is a part, the volume of the plot, …</li></ul></li></ul>



<p>Of course, as projects and markets evolve rapidly, these criteria are to be considered and weighted over time!</p>



<h3><strong>4. Whales &amp; Market Makers</strong></h3>



<p>Certain players in the NFT market do not have the same means as others. Those we call Market Makers are able to buy any asset at the price it is currently listed for, even if the asset is likely to be above market price compared to previous sales.</p>



<p>These sales create precedents / exceptions which cannot be ignored in the assessment of assets, but which should not be viewed as the norm either.</p>



<p>If tomorrow Elon Musk decides to buy a Nintendo Switch listed on eBay for $500,000 (let&#8217;s say there is one), does that mean that all Nintendo Switch are worth this price instantly? Or maybe only the one bought by Elon Musk now worth this price? Has he overpaid? Or has he defined a new era regarding the price of this object?</p>



<p>If the global market follows, he will have defined a new trend, otherwise he will just have overpaid. This type of scenario is more frequent than it appears in the NFT ecosystem.</p>



<h3><strong>5. Market size and consistency</strong> </h3>



<p>Finally, the last point which makes the evaluation of NFTs a sometimes complex exercise: the NFT ecosystem and the market associated with it remain very small.</p>



<p>This is all the more true, and problematic, when we look at one of the sub-segments of the industry: art, trading card games, wearables, …</p>



<p>Thus, extreme, suspicious, or in any case non-standard sales which are normally masked by the volume of &#8220;classic&#8221; sales find themselves weighing heavily in the balance.</p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="909" height="664" src="http://nfcms1/app/uploads/2020/06/image-2.png" alt="" class="wp-image-2130" srcset="http://nfcms1:80/app/uploads/2020/06/image-2.png 909w, http://nfcms1:80/app/uploads/2020/06/image-2-300x219.png 300w, http://nfcms1:80/app/uploads/2020/06/image-2-768x561.png 768w" sizes="(max-width: 909px) 100vw, 909px" /></figure></div>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" width="895" height="663" src="http://nfcms1/app/uploads/2020/06/image-4.png" alt="" class="wp-image-2132" srcset="http://nfcms1:80/app/uploads/2020/06/image-4.png 895w, http://nfcms1:80/app/uploads/2020/06/image-4-300x222.png 300w, http://nfcms1:80/app/uploads/2020/06/image-4-768x569.png 768w" sizes="(max-width: 895px) 100vw, 895px" /></figure></div>



<h2>How to correctly assess NFTs?</h2>



<p>Our experience in the NFT markets, and in the valuation of these assets has led us to consider several principles that reliably define assets:</p>



<ul><li>Base the valuation on previous sales, not assets currently for sale</li><li>Identify the metadata that define the value of the asset, and distinguish it from the &#8220;noise&#8221; (additional characteristics uncorrelated from the market value)</li><li>Weight sales based on their date from the latest to the oldest</li><li>Identify on a case-by-case basis the criteria, comparable sales or methodologies which make it possible to value very rare or unique assets.</li><li>Accept that the criteria for the assessment of each asset by the market evolve, and that the criteria that were relevant two months ago may not be as relevant tomorrow.</li></ul>



<h2>NonFungible.com &amp; NFT Valuation</h2>



<p>Our role has always been to bring the most transparency to the ecosystem and to the NFT markets.</p>



<p>Evaluating assets based on neutral, objective and reliable criteria is obviously part of our mission. Our team is currently working on developing systems to automatically and reliably assess any NFT, regardless of origin and market history.</p>



<p>You will have understood that the principles described above must be thought for the future. They must be engineered to be just as effective when the NFT ecosystem no longer has only a few hundred but, thousands or tens of thousands of projects &#8211; we need to scale.</p>



<p>We have heard the strong need to valuate NFTs and we will soon be offering you solutions for professionals, gamers and collectors. We will tell you more as soon as possible… 😉</p>


When assessing the value of non-fungible tokens, what metrics play a role? We explore how we began our valuation of the $WHALE NFT vault and how to proceed into the future. What are the challenges? What are the next steps? How can we improve in the future?

How to assess NFT valuation?


<p>It has been more than two years since the concept of Non-Fungible Tokens really started to emerge and become more democratic within the Crypto community. Its use by developers was first adopted for collectible projects, then collectible-games, and now a much greater focus on real video games (Trading Card Game, equipment, terrains&#8230;).</p>



<p>Today these two fields are well anchored in the landscape and tools have been created to explain technical terms to the general public (<a href="https://nonfungible.com/academy" target="_blank" rel="noreferrer noopener">Our NFT Academy</a>) as well as the values (<a href="https://nonfungible.com/market-tracker" target="_blank" rel="noreferrer noopener">Market tracker</a> by <a href="https://nonfungible.com" target="_blank" rel="noreferrer noopener">nonfungible.com</a>).</p>



<p>However, we quickly realize that without coding skills, it can become quite hard to participate in this ecosystem other than by investing money in existing projects. Do you want to participate in the construction of this universe? If so, here are some very powerful tools if you want to develop your project using non-fungible tokens!</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="359" height="470" src="http://nfcms1/app/uploads/2020/05/marblecard-making-digital-art.png" alt="" class="wp-image-1800" srcset="http://nfcms1:80/app/uploads/2020/05/marblecard-making-digital-art.png 359w, http://nfcms1:80/app/uploads/2020/05/marblecard-making-digital-art-229x300.png 229w" sizes="(max-width: 359px) 100vw, 359px" /><figcaption>Marble.cards &#8211; 3 Ways to make Digital Art</figcaption></figure></div>



<h2>Art</h2>



<p>Do you feel the soul of a creator? This chapter is for you! You should know that there are already several platforms for putting artistic works online. We talked about it briefly in our article “<a href="https://nonfungible.com/news/art/art-of-nfts">The art of NFTs</a>” but let&#8217;s go into a little more detail:</p>



<h3>The incubator: <a href="https://superrare.co/" target="_blank" rel="noreferrer noopener">SuperRare</a></h3>



<p>Launched in 2018, this platform allows you to register as an artist via the form available directly from their site. Once your application has been accepted, you can then certify your work on the blockchain to prove at any time that you are the author. All you have to do is decide whether you want to set your price or let someone else estimate the value of your work for you!</p>



<p>Characteristic of the platform: As an author, if your works continue to sell on the site, you will receive 3% of the amount of each sale made!</p>



<p>Fees: 10%</p>



<h3>The community-based: <a href="https://knownorigin.io/" target="_blank" rel="noreferrer noopener">KnownOrigin</a></h3>



<p>Very similar to SuperRare, you can also register as an artist via the form on their website. You also put your work online and certify it on the Ethereum blockchain then set your price or let someone make a bid.</p>



<p>Characteristic of the platform: Their interest in participating in the Decentralised Autonomous Organisation (DAO) as well as the possibility to buy the works directly with a credit card.</p>



<p>Fees: 3%</p>



<h3>The multiplicator: <a href="https://makersplace.com/" target="_blank" rel="noreferrer noopener">Makersplace</a></h3>



<p>Unlike KnownOrigin and SuperRare, if you want to become a creator on this platform you will have to contact the admins through their <a href="https://discord.gg/ExHv2gz" target="_blank" rel="noreferrer noopener">Discord server</a> so that they can grant you the status of creator and allow you to sell your works. Otherwise, the system remains the same.</p>



<p>Characteristic of the platform: There is a possibility of &#8220;batch minting&#8221;! By putting a work online, you can sell several copies that will all have a unique identification.</p>



<p>Fees: 15%</p>



<h2>Blockchain Art platform sum-up</h2>



<p>These are the three best-known platforms of &#8220;mint&#8221; (creation of the Non-Fungible Token), but there are others such as <a href="https://www.blockchainartexchange.co.uk/" target="_blank" rel="noreferrer noopener">Blockchain Art Exchange</a>!</p>



<p>If you are already selling works physically but you have a certification service on the blockchain, we advise you to check out <a href="https://codexprotocol.com/" target="_blank" rel="noreferrer noopener">Codex Protocol</a>. We had written an <a href="https://nonfungible.com/news/utility/codex-protocol-art-certificate" target="_blank" rel="noreferrer noopener">article on the subject</a> when we listed them on the site, feel free to have a look at it!</p>



<h3><strong>Some tips</strong></h3>



<ul><li>The scarcity of an artwork is one of its value&#8217;s criteria. Multiplying the same work on different platforms will therefore not work in your favor&#8230;</li><li>The identity of an artist is another criteria&#8230; the choice of the platform is to be defined according to your policy.</li></ul>



<h3><strong>And after?</strong></h3>



<p>Once your artwork is transformed into a Non-Fungible Token, it&#8217;s time to expose it to the world!</p>



<p>Although the different platforms already offer visibility to your work, be aware that the doors of Metaverses such as Decentraland or Cryptovoxel are open to build your own art gallery, even if it requires the investment of a piece of land it has proven to be a great introduction to the blockchain art space.</p>



<p>We welcome you to advertise with NonFungible.com, please <a href="https://nonfungible.com/services/businesses" target="_blank" rel="noreferrer noopener">contact us</a> and let us know your requirements and budget!</p>



<div class="wp-block-image"><figure class="aligncenter size-medium"><img loading="lazy" width="256" height="300" src="http://nfcms1/app/uploads/2020/05/lego-tux-256x300.png" alt="" class="wp-image-1801" srcset="http://nfcms1:80/app/uploads/2020/05/lego-tux-256x300.png 256w, http://nfcms1:80/app/uploads/2020/05/lego-tux-768x900.png 768w, http://nfcms1:80/app/uploads/2020/05/lego-tux.png 837w" sizes="(max-width: 256px) 100vw, 256px" /></figure></div>



<h2>Building blockchain games Games</h2>



<p>When we think of games, we inevitably think of video games when we think of Non-Fungible Token. But in the introduction we talked about the possibility of participating in the ecosystem without any knowledge of code.</p>



<p>There are many possibilities, from learning the code if you want to develop your own video game to creating board games!</p>



<h3>Learning: Basechain / Loom Network</h3>



<p>If you want to learn the languages used to create smart-contracts on Ethereum or Libra, one of the best ways is to go through the project <a href="https://cryptozombies.io/" target="_blank" rel="noreferrer noopener">CryptoZombies</a>! They now offer many courses online and totally free of charge!</p>



<p>That said, this solution will only be useful if you decide to implement blockchain elements in an existing video game. And so, if you already have some knowledge of code… Keep reading!</p>



<h2>Build the web3 and the metaverse</h2>



<p>If the code is not your cup of tea, know that it is possible to create a lot of things with DIY builder tools. They are used to create decors, objects or other elements that can later become NFTs.</p>



<h3><strong>Decentraland</strong></h3>



<p>If you want to practice understanding the logic of actions in a game, <a href="https://builder.decentraland.org/" target="_blank" rel="noreferrer noopener">Decentraland</a> already offers a whole library of objects that you simply have to place on a variable size field.</p>



<p>Recently you can configure some actions that make the scenery interactive! We were telling you about it during a <a href="https://nonfungible.com/news/metaverse/interactive-scene-contest-decentraland" target="_blank" rel="noreferrer noopener">past event</a>. If you already own a LAND, you will then be able to put it online on it.</p>



<p>All you have to do is come up with a gameplay so that anyone visiting your field can try it out!</p>



<h3><strong>CryptoVoxels</strong></h3>



<p>With a &#8220;Minecraft&#8221; graphic style, <a href="https://www.cryptovoxels.com/" target="_blank" rel="noreferrer noopener">Voxels</a> offers the possibility to build your own universe on your own virtual land. You can already go and <a href="https://www.cryptovoxels.com/play?coords=" target="_blank" rel="noreferrer noopener">take a look</a> at everything that has already been built without requiring an account or signup.</p>



<h3><strong>The Sandbox</strong></h3>



<p>Last born of the Metaverse, <a href="https://www.sandbox.game/" target="_blank" rel="noreferrer noopener">The Sandbox</a> offers software (unlike CryptoVoxel and Decentraland which are on a web browser) that allows you to create almost any element. You can freely create the elements you like with a simple registration. This Builder is very game-oriented but can allow you to take a first step in 3D creation without the need to code!</p>



<p>You should know that there is a <a href="https://fund.sandbox.game/" target="_blank" rel="noreferrer noopener">$2 million fund</a> for the creators who have been selected by the team.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="799" height="533" src="http://nfcms1/app/uploads/2020/05/nanoblock.jpg" alt="" class="wp-image-1802" srcset="http://nfcms1:80/app/uploads/2020/05/nanoblock.jpg 799w, http://nfcms1:80/app/uploads/2020/05/nanoblock-300x200.jpg 300w, http://nfcms1:80/app/uploads/2020/05/nanoblock-768x512.jpg 768w" sizes="(max-width: 799px) 100vw, 799px" /></figure></div>



<h2>What about the others?</h2>



<p>What all these platforms have in common is that they all have a well-defined theme. But what if you don&#8217;t recognize yourself in these themes and want to do something more personalized?</p>



<p>Let&#8217;s say you decide to create your own game (card or other) or sell tickets for a show in advance. There are already two serious tools that guide you step by step in the creation of your own smart contract leading to the creation of your NFT.</p>



<h3><strong>Mintable</strong></h3>



<p><a href="http://mintable.app/" target="_blank" rel="noreferrer noopener">Mintable</a> is free, accompanies you every step of the way and explains everything you&#8217;ll see on the screen. In case of a specific need without any knowledge of code, it can be very useful!</p>



<p>Let&#8217;s take an example that doesn&#8217;t exist (yet?):</p>



<ul><li>I created an escape game. There are 6 rooms with one player in each room.&nbsp;</li><li>I want players to finish the game by scanning a QR code from their wallet to receive the exit key.</li><li>The first one to solve the puzzles will be rewarded with a rare or expensive asset!</li></ul>



<p>If, on the contrary, I want collaborative, the key will contain a QR code to be scanned on the door that will only open it once. It&#8217;s up to the players to find a way to transfer the NFT so that everyone can get out!</p>



<p>If you want to see what has already been done, feel free to take a look at their <a href="http://mintable.app/browse" target="_blank" rel="noreferrer noopener">gallery</a>.</p>



<h3><strong>Mintbase</strong></h3>



<p><a href="https://mintbase.io/" target="_blank" rel="noreferrer noopener">Mintbase</a> stands out because it is on this platform that tickets for the <a href="https://www.nft.nyc/" target="_blank" rel="noreferrer noopener">NFT NYC</a> conference are sold or tickets for the <a href="https://www.metacartel.org/demoday-2019" target="_blank" rel="noreferrer noopener">MetaCartel Demo Day</a> are sold. If you are looking for a way to certify your theatre, concert or cinema tickets, Mintbase guides you through the process of creating your Smart Contract.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="433" height="379" src="http://nfcms1/app/uploads/2020/05/forge.png" alt="" class="wp-image-1803" srcset="http://nfcms1:80/app/uploads/2020/05/forge.png 433w, http://nfcms1:80/app/uploads/2020/05/forge-300x263.png 300w" sizes="(max-width: 433px) 100vw, 433px" /></figure></div>



<h2>Let&#8217;s demystify NFTs</h2>



<p>This article aims to raise awareness and demystify a technical term that can be very blocking to explain the usefulness of Non-Fungible Token.</p>



<p>The concrete use-cases of NFTs are already a reality and this list (non-exhaustive of course) proves the possibilities offered by this technology.</p>



<p>The use cases around NFTs will multiply and going off the beaten track is one of the best ways for this technology to benefit as many people as possible. So we encourage you to develop your ideas, try, create and don&#8217;t hesitate to share your questions with the community!</p>



<p>Image Sources:</p>



<ul><li><a href="https://commons.wikimedia.org/wiki/File:Tux,_Mega_Bloks_05.jpg" target="_blank" rel="noreferrer noopener">Tux</a></li><li><a href="https://www.flickr.com/photos/56093900@N03/15446165131" target="_blank" rel="noreferrer noopener">Nano Blocks</a></li><li><a href="https://torange.biz/fr/blacksmith-forges-metal-42433" target="_blank" rel="noreferrer noopener">Forge</a></li></ul>


We know that Non-Fungible Tokens are mainly used in video games or art. But is it possible to use them for other projects? Is it necessary to know how to code to use or enjoy non-fungible tokens?

How to create your first NFT?


<p>When going to a festival, a concert, or a theater, you&#8217;ll need a ticket to enter. But there&#8217;s common problems with old school methods with this kind of ticketing. NFT can solve that and Carolin Wend from Mintbase is explaining how.</p>



<h2>The problems with traditional event ticketing</h2>



<p>Interoperability, scarcity and ownership don’t exist on the internet, nor in traditional ticketing. Non-fungible tokens will shake up the ticketing industry and rival traditional companies like eventbrite and co.</p>



<h3>Costs</h3>



<p>Event organizers don&#8217;t have it easy nowadays. They face high upfront costs as well as high risks such as terrorist threats, natural disasters or counterfeiting tickets. On top of that, promoters have to wait until ticketing companies payout ticket sales after the event has finished. Companies like eventbrite take a high percentage of every ticket sold, which is usually between 2 and 3.5% on every sale, in addition to a set fee. What ticketing companies give in return is a digital ticket sales solution, marketing and sometimes &#8211; hardware scanners.&nbsp;</p>



<h3>Scalpers and Authenticity</h3>



<p>Another major issue is that tickets are sold on secondary markets for a much higher price and it is difficult to control who is buying, selling, or redeeming a ticket. On average, 12% of people buying concert tickets get scammed (<a href="https://www.cnbc.com/2018/09/13/about-12-percent-of-people-buying-concert-ticketsget-scammed-.html" target="_blank" rel="noreferrer noopener">Source)</a>. In short, the whole ticket sales cycle is a mess.</p>



<h2>Where do NFTs come in?</h2>



<p>NFTs can add great value to ticketing companies and change conventional ticketing to <strong>smart ticketing</strong>. With NFTs, smart tickets are verifiable, interoperable and have clear ownership. A ticket does not die after being redeemed at an event but, lives on in digital wallets of the user’s choice.</p>



<h3>Costs</h3>



<p>The costs associated with building and minting non-fungible tokens is negligible, especially compared to traditional ticketing infrastructure. Structured correctly, hundreds or even thousands of NFTs (smart tickets) could be created for less than a couple of dollars. Take a look at <a href="https://blog.godsunchained.com/2019/04/28/1-million-nfts-isnt-cool/" target="_blank" rel="noreferrer noopener">Gods Unchained minting process</a> where this is strongly proven and in-production. Not only do tickets cost less to produce, but they are also unforgeable &#8211; the event organizers can easily, quickly, and without a question validate the authenticity and history of ownership.</p>



<h3>Scalpers and Authenticity</h3>



<p>This is where the blockchain truly shines. Where re-sale is acceptable, using non-fungible tokens built on top of blockchain technology enables an end-user to verify and validate the authenticity of the ticket with absolute certainty.</p>



<p>Where scalping/resale of an event’s ticket is strictly forbidden, and the event organizers can enforce this without error. NFTs can be made non-transferrable in computer code and prevent the transfer of tickets.</p>



<h2>Non-fungible tokens as event tickets in the wild</h2>



<p>The first-ever NFT-exclusive ticketing event hosted by MetaCartel during Berlin Blockchain Week in 2019 recently announced that the tickets will <a href="https://twitter.com/meta_cartel" target="_blank" rel="noreferrer noopener">unlock features</a> for other events in the future. MetaCartel made over $6000 and all transactions can be seen on <a href="https://etherscan.io/token/0x8d7dd7b604b4e0a8dd3cc343522caa2aa426e6e7" target="_blank" rel="noreferrer noopener">Etherscan</a>.</p>



<p>The leading non-fungible token event called <a href="https://www.nft.nyc/" target="_blank" rel="noreferrer noopener">NFT.NYC</a> has a live Web3.0 embedded script that can live on any website (Hubspot, WordPress, you name it). To see it, just go to this <a href="https://www.nft.nyc/" target="_blank" rel="noreferrer noopener">website</a> and click register and buy with ETH.</p>



<p>There is still a long way to go, but NFT ticketing is clearly a very exciting path for the future. <a href="https://mintbase.io/" target="_blank" rel="noreferrer noopener">Mintbase</a> is a platform where anyone can mint digital assets OR tickets as non-fungible tokens (NFT) on the Ethereum Virtual Machine by deploying and managing their own <a href="https://www.coindesk.com/information/ethereum-smart-contracts-work" target="_blank" rel="noreferrer noopener">smart contracts</a>.&nbsp;&nbsp;</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="691" height="151" src="http://nfcms1/app/uploads/2020/05/mintbase-logo.png" alt="" class="wp-image-1753" srcset="http://nfcms1:80/app/uploads/2020/05/mintbase-logo.png 691w, http://nfcms1:80/app/uploads/2020/05/mintbase-logo-300x66.png 300w" sizes="(max-width: 691px) 100vw, 691px" /><figcaption><em>Visit <a href="https://mintbase.io/" target="_blank" rel="noreferrer noopener">Mintbase</a></em></figcaption></figure></div>



<h2>Some words from the Author</h2>



<p>Users can embed their own Web3.0 shops and tickets on any websites or virtual worlds, like CryptoVoxels, where Mintbase has it’s <a href="https://www.cryptovoxels.com/parcels/1297" target="_blank" rel="noreferrer noopener">virtual headquarters.</a> Mintbase has teamed up with friends such as <a href="https://gnosis.io/" target="_blank" rel="noreferrer noopener">Gnosis</a>, <a href="https://nonce.community/" target="_blank" rel="noreferrer noopener">nonce</a>, <a href="https://www.metacartel.org/" target="_blank" rel="noreferrer noopener">MetaCartel</a>, <a href="https://opensea.io/?ref=0x841f3a12D45651C21EcfA26546C9E77F5Ff4Fe80" target="_blank" rel="noreferrer noopener">OpenSea</a>, <a href="https://kickback.events/" target="_blank" rel="noreferrer noopener">Kickback</a>, <a href="https://polygon.technology/" target="_blank" rel="noreferrer noopener">Matic</a>, <a href="https://www.portis.io/" target="_blank" rel="noreferrer noopener">Portis</a>, <a href="https://gitcoin.co/" target="_blank" rel="noreferrer noopener">Gitcoin</a> and many more to create an <a href="https://medium.com/mintbase/first-ever-nft-advent-calendar-bfe5732734c7" target="_blank" rel="noreferrer noopener">NFT Advent Calendar</a>. They want to prove that NFT interoperability is real and that the NFT ecosystem works well together. Our biggest threat is not other NFT projects, but the slow mainstream adoption of non-crypto users. Check the calendar out in Mintbase’s <a href="https://www.cryptovoxels.com/play?coords=N@334W,101N" target="_blank" rel="noreferrer noopener">HQ @Cryptovoxels</a>. Every day starting from December 1st until the 24th at exactly 5PM CET ⏱,  go to the virtual <a href="https://www.cryptovoxels.com/play?coords=N@334W,101N" target="_blank" rel="noreferrer noopener">headquarters</a> or keep an eye on our <a href="https://twitter.com/mintbase" target="_blank" rel="noreferrer noopener">twitter.</a></p>



<p><strong>Make sure to check it out, NonFungible.com will also have some special surprises during the event!</strong></p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1013" height="700" src="http://nfcms1/app/uploads/2020/05/mintbase-in-cryptovoxels.png" alt="" class="wp-image-1754" srcset="http://nfcms1:80/app/uploads/2020/05/mintbase-in-cryptovoxels.png 1013w, http://nfcms1:80/app/uploads/2020/05/mintbase-in-cryptovoxels-300x207.png 300w, http://nfcms1:80/app/uploads/2020/05/mintbase-in-cryptovoxels-768x531.png 768w" sizes="(max-width: 1013px) 100vw, 1013px" /></figure></div>


Mintbase covers the common woes with traditional event ticketing and how non-fungible tokens can solve or alleviate the biggest issues.

How can NFTs solve common problems with event ticketing

Do you know how to make the most of NonFungible.com? You may use the tool on a daily basis to keep up with changing markets, or read our blog, but do you know everything you can do with the tool? Here’s a small guided tour ...

Tips and Tricks about NonFungible.com


<p>In the artistic NFT universe, the first problem to be solved was that of authenticity. How to prove, being an artist, that you are the creator of the work? How do you validate and authenticate that you’re not buying a counterfeit?</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="314" height="444" src="http://nfcms1/app/uploads/2020/05/mona-lisa-marblecard.png" alt="" class="wp-image-1685" srcset="http://nfcms1:80/app/uploads/2020/05/mona-lisa-marblecard.png 314w, http://nfcms1:80/app/uploads/2020/05/mona-lisa-marblecard-212x300.png 212w" sizes="(max-width: 314px) 100vw, 314px" /></figure></div>



<h2>Presentation of Codex Protocol</h2>



<p>Since 2018, the <a href="https://codexprotocol.com/" target="_blank" rel="noreferrer noopener">Codex Protocol</a> project focused on these two features. Whether you are an artist, a salesman, a buyer, or simply curious, it is possible to create and search their certificates for work recorded on their platform.<br><br>On the one hand, we have the creation of the certificate (the Codex Record) which will be used to authenticate the physical or digital work. Once your work is certified, it will be possible to verify who owned the property &#8211; provenance.</p>



<p>On the other hand, we have the <a href="https://codex-viewer.com/" target="_blank" rel="noreferrer noopener">Codex Viewer</a> which allows us to check all the necessary info thanks to the certificate search.</p>



<p>In concrete terms, Codex Protocol solves several problems and bring few value-added services:</p>



<ul><li>Allow the artist to &#8220;stay in touch&#8221; with the work and see the piece change ownership over time</li><li>Immutable recordings deter fake creation</li><li>Catalogs prevent the manipulation of the artists&#8217; market</li><li>Applications built with non-fungible tokens (NFTs) could track resale royalty payments</li><li>The sale of works of art with blockchain recordings allows the owner of the work to access a multitude of services, such as insurance, assessments, etc.</li></ul>



<p>As you can see, Codex Protocol has targeted the auction world as public!</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="512" height="317" src="http://nfcms1/app/uploads/2020/05/oeuvre-rembrandt-vente-aux-encheres-londres-christies.jpg" alt="" class="wp-image-1686" srcset="http://nfcms1:80/app/uploads/2020/05/oeuvre-rembrandt-vente-aux-encheres-londres-christies.jpg 512w, http://nfcms1:80/app/uploads/2020/05/oeuvre-rembrandt-vente-aux-encheres-londres-christies-300x186.jpg 300w" sizes="(max-width: 512px) 100vw, 512px" /></figure></div>



<h2>Create your Codex Record</h2>



<p>So, how do you put your art on the blockchain? Codex Protocol has made the operation very simple by following 9 steps :</p>



<ol><li>If you haven’t installed MetaMask, you will need to start with that. Here is the link: <a href="https://metamask.io/" target="_blank" rel="noreferrer noopener">https://metamask.io/</a>. MetaMask brings the Ethereum blockchain to your browser.</li><li>You’ll need some ETH to pay transaction fees. This ranges from pennies to less than a dollar.</li><li>Go to <a href="https://codex-viewer.com/#/" target="_blank" rel="noreferrer noopener">https://codex-viewer.com/#/</a> and sign in.</li><li>Select “Add New Asset”</li><li>Upload a photo, name it, and describe the artwork in the window that pops up</li><li>Create the Codex Record</li><li>Pay the associated gas fee</li><li>Wait for the transaction to be mined.</li><li>You’re done! You’ve now created your first tokenized artwork, and you can now manage and transfer ownership of the artwork as you please.</li></ol>



<p>In your wallet, you will receive the NFT proving that you are the owner of the work.</p>



<h2>Selling your art</h2>



<p>If you bought artwork at an auction, you will have received the certificate during your purchase. You will be able to upload (privately or not) it when creating the Codex Record to prove the source of your purchase.</p>



<p>If you have doubts about the value of your work, you can also ask some <a href="https://www.valuemystuff.com/us/home" target="_blank" rel="noreferrer noopener">experts</a>, which will help you, for a fee, to determine the price of your work according to its origin, rarity, and quality. You can add their evaluation in the additional files of your work.</p>



<p>Finally, it is possible to obtain a certificate of origin from Codex Protocol to add a new value of authenticity. This is only possible if all the additional files listed above are present.</p>



<p>If you want to change the description of your work because you have knowledge of additional information about the artist, provenance, techniques used or other, it is also possible! Each change will be saved and anyone will be able to see the changes you have made.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="885" height="500" src="http://nfcms1/app/uploads/2020/05/code-auciton.jpg" alt="" class="wp-image-1687" srcset="http://nfcms1:80/app/uploads/2020/05/code-auciton.jpg 885w, http://nfcms1:80/app/uploads/2020/05/code-auciton-300x169.jpg 300w, http://nfcms1:80/app/uploads/2020/05/code-auciton-768x434.jpg 768w" sizes="(max-width: 885px) 100vw, 885px" /></figure></div>



<p>When your work is sold physically at an auction, you will need to send the Codex Record in a very simple way: press the &#8220;Transfer&#8221; button and enter the email address of the new buyer. He will receive an email to claim his NFT.</p>



<p>When your artwork is sold on OpenSea, everything is saved automatically. Once the sale is completed, all information and documents are transferred to the new owner&#8217;s portfolio.</p>



<h2>Identifying physical artworks </h2>



<p>Although the blockchain already offers the ability to publicly monitor the source of transactions and goods, Codex Protocol has specialized in auctioning art and collectibles.</p>



<p>The protocols of identification and provenance of artworks have been in the status quo for many years. Indeed, counterfeiters have continuously improved their technique and it is increasingly difficult to ensure that the work is not a counterfeit.</p>



<p>Although the Codex Protocol will not prevent the creation of false documents before being put on the blockchain, it still makes the verification work after-the-fact much simpler.</p>



<p>Sources :</p>



<ul><li><a href="https://medium.com/codexprotocol/how-to-create-a-codex-record-a2f1329948c1" target="_blank" rel="noreferrer noopener">How to create a Codex Record ?</a></li><li><a href="https://medium.com/codexprotocol/using-codex-a-step-by-step-guide-from-start-to-finish-9d4b349b3265" target="_blank" rel="noreferrer noopener">Use the Codex step by step</a></li></ul>


Have you ever wanted to certify your art or collectibles on the blockchain with a trusted service? This is what the Codex Protocol proposes!

Codex Protocol : Art and Collectible Certification


<p>Today almost all Zombie stories put these green creatures to the ranks of villains. And what if today, I told you that a certain family of zombies allowed you to have fun and to learn how to develop your own smart contract on Ethereum?</p>



<p>This is what the team of the <a href="https://loomx.io/" target="_blank" rel="noreferrer noopener">Loom Network</a> proposed since early 2018 and we wanted to retrace a little history of this actor who managed to facilitate the adoption of games using NFT!</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="683" src="http://nfcms1/app/uploads/2020/05/weaving-mill-3778834_1920-1024x683.jpg" alt="" class="wp-image-1681" srcset="http://nfcms1:80/app/uploads/2020/05/weaving-mill-3778834_1920-1024x683.jpg 1024w, http://nfcms1:80/app/uploads/2020/05/weaving-mill-3778834_1920-300x200.jpg 300w, http://nfcms1:80/app/uploads/2020/05/weaving-mill-3778834_1920-768x512.jpg 768w, http://nfcms1:80/app/uploads/2020/05/weaving-mill-3778834_1920-1536x1024.jpg 1536w, http://nfcms1:80/app/uploads/2020/05/weaving-mill-3778834_1920.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<h2>Presentation of Basechain</h2>



<p>So, what is the Loom Network exactly?</p>



<p>According to the <a href="https://www.collinsdictionary.com/dictionary/english/loom" target="_blank" rel="noreferrer noopener">Collins dictionary</a>, Loom = “A loom is a machine that is used for weaving thread into cloth.” There are others, but you will understand this choice later.</p>



<p>More technically, we can talk about an overlay of the Ethereum blockchain. Imagine a network of <strong>multiple dependent blockchains</strong>, set up to create decentralized applications (Dapp) <strong>without impacting the flow of the main network</strong>.</p>



<p>In order to avoid the scalability problems caused by excessive requests from the applications, Loom refers to software called DappChain Generator. This generator has a very simple function: create a &#8220;sidechain&#8221; for each project.</p>



<p>To secure the network, the team chose to use a <strong>DPoS </strong>system. this means that you’ll have to stake and vote for delegates to secure the Loom Network blockchain. And you are rewarded for that.</p>



<p>Do not hesitate to take a look at the sources if you are looking for more detailed explanations of the technical terms used.</p>



<p>Sources:</p>



<ul><li><a href="https://medium.com/loom-network/plasmachain-validator-staking-economics-part-1-e816d5825849" target="_blank" rel="noreferrer noopener">Scalability of Loom</a></li></ul>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="714" src="http://nfcms1/app/uploads/2020/05/loom-dpos-1024x714.png" alt="" class="wp-image-1682" srcset="http://nfcms1:80/app/uploads/2020/05/loom-dpos-1024x714.png 1024w, http://nfcms1:80/app/uploads/2020/05/loom-dpos-300x209.png 300w, http://nfcms1:80/app/uploads/2020/05/loom-dpos-768x536.png 768w, http://nfcms1:80/app/uploads/2020/05/loom-dpos-1536x1071.png 1536w, http://nfcms1:80/app/uploads/2020/05/loom-dpos.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<h2>The projects from the team</h2>



<p>At the very beginning, this project started with an educational project to facilitate the writing of DApp on Ethereum using Solidity: <a href="https://cryptozombies.io/" target="_blank" rel="noreferrer noopener">Cryptozombies</a>. The goal is very simple, build an army of zombies! Each course guides you step by step and it will eventually become possible to face the zombies of other players. If you are a developer or have the feeling to be one of them, do not hesitate to give it a try on their site!</p>



<p>At the same time, a Kickstarter was launched in order to develop Zombies Battleground, a Trading Card Game that is now available on mobile and PC. The cards you earn in the game can be sold on the Marketplace!</p>



<p>This game, entirely created by the team, runs at 100% on the Loom blockchain!</p>



<p>Finally, the project Delegate Call is a social network where anyone interacting with the community is rewarded. The goal was to demonstrate that it was possible to create something other than games with this blockchain.</p>



<p>But the team was not going to stop in such a good way! The next step in their journey was to use the DeFI (Decentralized FInance) and implement the Loom on other blockchains: <a href="https://medium.com/loom-network/loom-plasmachain-is-now-interoperable-with-tron-plus-exclusive-relentless-tcg-card-packs-c2d0c3668768" target="_blank" rel="noreferrer noopener">Tron</a>, <a href="https://medium.com/loom-network/connecting-ethereum-eos-and-tron-making-blockchain-interoperability-a-reality-e5ef6c67716" target="_blank" rel="noreferrer noopener">EOS</a>, <a href="https://medium.com/loom-network/making-a-multichain-dai-maker-and-loom-network-to-build-dai-gateways-to-tron-binance-and-other-39ca20bd2a1d" target="_blank" rel="noreferrer noopener">Maker</a>, <a href="https://medium.com/loom-network/loom-plasmachain-loom-wallet-are-now-interoperable-with-binance-chain-bringing-an-erc20-bep2-bridge-509e6b202b91" target="_blank" rel="noreferrer noopener">Binance Chain</a>, <a href="https://medium.com/loom-network/libra-is-the-future-of-money-4705364b81d0" target="_blank" rel="noreferrer noopener">Libra</a> and even… <a href="https://medium.com/loom-network/who-needs-lightning-network-when-you-have-loom-basechain-e21b1f7c107c" target="_blank" rel="noreferrer noopener">Bitcoin</a>.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="1024" height="766" src="http://nfcms1/app/uploads/2020/05/loom-mainnet-1024x766.png" alt="" class="wp-image-1683" srcset="http://nfcms1:80/app/uploads/2020/05/loom-mainnet-1024x766.png 1024w, http://nfcms1:80/app/uploads/2020/05/loom-mainnet-300x224.png 300w, http://nfcms1:80/app/uploads/2020/05/loom-mainnet-768x575.png 768w, http://nfcms1:80/app/uploads/2020/05/loom-mainnet-1536x1149.png 1536w, http://nfcms1:80/app/uploads/2020/05/loom-mainnet.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>



<p>The goal is to develop a solution to create a link between each of these blockchains: this can be used for example to exchange an ERC-20 token in BNB, a TRC-20 in BTC &#8230;</p>



<h2>The other projects</h2>



<p>Of course, there are external projects that have chosen this solution for the many actions that can clog the main blockchain :&nbsp;</p>



<ul><li>Plasma Bear: A &#8220;Collectible&#8221; game, the goal is to improve his bears to send them on an adventure</li><li><a href="https://nonfungible.com/market-tracker/neondistrict" target="_blank" rel="noreferrer noopener">Neon District</a>: An adventure game / RPG with stunning graphics </li><li>Battle Racers : A racing game deployed in Decentraland</li><li><a href="https://nonfungible.com/market/history/axieinfinity" target="_blank" rel="noreferrer noopener">Axie Infinity</a> : A &#8220;Collectible&#8221; game, the goal is to send his monsters in an arena to make them gain level. A whole Land system is under construction</li><li><a href="https://cryptowars.jp/" target="_blank" rel="noreferrer noopener">Cryptowars</a> : A management/strategy game, the goal is to create an army and improve its base quickly to win the tournament</li><li>Coin &amp; Steel : An action / RPG game, the goal is to evolve on areas according to your level. The project is currently stopped due to a lack of funding.</li><li><a href="https://sorare.com/" target="_blank" rel="noreferrer noopener">Sorare</a> : a football simulation game</li><li><a href="https://shipchain.io/" target="_blank" rel="noreferrer noopener">Shipchain:</a> a supply chain monitoring service</li><li>Hey: a social network based on the blockchain</li></ul>



<p>You will notice that there are mostly games in this list, and they all have one thing in common: all actions are stored on the Loom Network. Once you are identified with your wallet, the Ethereum blockchain is no longer used when you send your troops or retrieve a weapon in the game.</p>



<h2>Inconvenience of the Loom Network</h2>



<p>The ambitions of the Loom Network have attracted a growing number of serious projects but to be sure that it works, it was necessary to carry out some crash tests… and it&#8217;s the project of Experimental that took care of it. Since the beginning of 2019, many tournaments have been organized by the Experimental team, for fun or with prices of up to $3750 in DAI and other cryptocurrencies!</p>



<p>It was not without trouble: the first tournaments were so chaotic because of the number of units created at the same time that it was impossible to perform actions unless you constantly refresh the page. It was such a terrible inconvenience so that the team even preferred to laugh!</p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">We just announced we&#39;re giving an NFT badge to all users playing the &quot;it&#39;s definitely gonna break&quot; <a href="https://twitter.com/hashtag/CryptoWars?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoWars</a> tournament. Everyone will know you helped us balance and fix this awesome strategy game! More info via email after tourney ends. <a href="https://twitter.com/hashtag/BlockchainGaming?src=hash&amp;ref_src=twsrc%5Etfw">#BlockchainGaming</a></p>&mdash; Experimental (@e11io) <a href="https://twitter.com/e11io/status/1083095263881908224?ref_src=twsrc%5Etfw">January 9, 2019</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Hundreds of players creating hundreds or even thousands of units at the same time blocking the network, it remind us of what happened with CryptoKitties! Except that the difference is that the Ethereum blockchain has not been impacted by this massive activity.</p>



<p>One of the big drawbacks for us today is not being able to know the number of transactions performed for this project. Indeed, we are always curious about the raw data of NFT projects based on the blockchain but a 100% transparent way to explore the Loom Network does not exist (yet).</p>



<h2>What is the role of the Loom Network?</h2>



<p>As its name suggests, the role of the Loom Network is to create links between all the actors of the sector. By offering the necessary tools to develop Dapps on sidechains, they bring complementary elements to any project wanting to use the blockchain.</p>



<p>Their ambition to create a decentralized network continues using its course and we must salute the originality of the projects that develop on it. The example of Cryptowars showed us one of the limits of the Loom Network but stress tests are essential during technological innovations.</p>



<p>We believe that the use of overlay in projects using Non-Fungible Token will continue to evolve and although there are other projects offering solutions“Layer 2”, we can say that Loom has managed to position itself as a pioneer and leader of the field!</p>



<p>Sources:</p>



<ul><li><a href="https://medium.com/loom-network/loom-sdk-projects-battle-racers-collect-parts-customize-cars-trade-with-others-and-race-in-7f1b588285e2" target="_blank" rel="noreferrer noopener">Loom and Battle Racer</a></li><li><a href="https://medium.com/loom-network/loom-network-is-live-scalable-ethereum-dapps-coming-soon-to-a-dappchain-near-you-29d26da00880" target="_blank" rel="noreferrer noopener">Loom arrival’s announcement</a></li><li><a href="https://www.blockchaingamer.biz/news/9089/loom-opens-plasmachain-token-staking/" target="_blank" rel="noreferrer noopener">Staking of Loom : Plasmachain</a></li></ul>


Have you heard about Loom Network? Their ambition is to generate links between different blockchains to bypass the scalability problems. Courses, DeFI and video games are their main target, let's see what they propose...

What does Loom bring to Blockchain gaming?


<p>When we talk about NFTs today, we think about the Ethereum blockchain. But we are in a bigger “cryptoland” and there’s a lot of competition… It didn’t take long before other teams started betting on this technology too. We’re going to talk about one of them: EOS. Of course, their dapp catalog doesn’t count thousands like on Ethereum but, some projects are worth a look.</p>



<p>Keep in mind, this article won’t talk about the infinite question: “What is the best Blockchain?” but will try to answer to:</p>



<p class="has-text-align-center"><strong><em>“What are the actual uses and the potential of NFTs on the EOS blockchain?”</em></strong></p>



<h2>Technical introduction to EOS</h2>



<p>Let’s go through a quick introduction about this blockchain which already has a sulphurous history.</p>



<p>We are in June 2017, <a href="https://eos.io/" target="_blank" rel="noreferrer noopener">EOS.IO</a> launches their ICO (initial coin offering) which will last for one year. Few days before the snapshot (ERC-20 token evolving to EOS cryptocurrency), a warning alarm about critical security breaches is pulled by an audit and everything is delayed by two weeks.</p>



<p>Finally, everything goes back to normal: The snapshot happened, users got their EOS tokens, block producers were elected through the Delegated Proof of Stake (DPoS) voting system, the network is safe and at least <a href="https://en.wikipedia.org/wiki/Daniel_Larimer" target="_blank" rel="noreferrer noopener">Daniel Larimer</a> (Bitshares and Steem dad) is happy.</p>



<p>When you’re used to Ethereum, the differences start with the creation of your wallet. Say goodbye to the random words as a private key and 0x&#8230; and say welcome to the double key pair and 12 characters name!</p>



<p>Double key pair? What does it mean? Don’t panic, here is a recap outlining the authorization levels according to importance:</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="800" height="450" src="http://nfcms1/app/uploads/2020/05/eos-private-public-keys.png" alt="" class="wp-image-1462" srcset="http://nfcms1:80/app/uploads/2020/05/eos-private-public-keys.png 800w, http://nfcms1:80/app/uploads/2020/05/eos-private-public-keys-300x169.png 300w, http://nfcms1:80/app/uploads/2020/05/eos-private-public-keys-768x432.png 768w" sizes="(max-width: 800px) 100vw, 800px" /><figcaption>EOS <em>Key-pair mechanics</em></figcaption></figure></div>



<p>Your owner private key is above all other and may be useful to recover your active key so it is highly recommended to keep it in a safe place…</p>



<p>The second biggest difference is the transaction system.</p>



<p>Let’s make it simple: Where you need ether as gas to send your Ethereum transaction, EOS will need the CPU, RAM or NET account resources to complete the transaction.</p>



<p>These resources are available to use when you finish creating your account. You will need to remember that these three resources are used through your Dapp interaction but “regenerate” with time.</p>



<p>If you’re in a rush to execute something, you can stake more EOS on your resources to allow more actions. I warned you, things are different on EOS!</p>



<p>Now that we understand the basics of this technology, let’s take a closer look at the NFT’s standard on EOS.</p>



<p>Sources:</p>



<ul><li><a href="https://hackernoon.com/eos-101-getting-started-with-eos-part-1-ab0324c233e0" target="_blank" rel="noreferrer noopener">What is EOS ?</a></li><li><a href="https://hackernoon.com/eos-101-getting-started-with-eos-part-2-2afbce4a8a05" target="_blank" rel="noreferrer noopener">The keys mechanics</a></li></ul>



<h2>The NFT Standard on EOS</h2>



<p>This technical intro was vital to understand how the blockchain handles the different transactions (NFT or not) on EOS.</p>



<p>You think the game of the 7 differences was over?</p>



<p>The Ethereum community has had a much larger following and has had quite a head start compared to EOS, and thus, the standards are well documented, battle-tested, and mature (ERC721 and ERC1155 for example). On EOS, the Mythical Games team works hand-in-hand with many important actors such as Greymass, Cypherglass, Meet.One, Scatter and Blocks.io amongst others since February 2019 to develop the first NFT standard on EOS :<a href="https://dgoods.org/" target="_blank" rel="noreferrer noopener"> dGoods</a>.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="300" height="423" src="http://nfcms1/app/uploads/2020/05/marblecards-dgoods.png" alt="" class="wp-image-1463" srcset="http://nfcms1:80/app/uploads/2020/05/marblecards-dgoods.png 300w, http://nfcms1:80/app/uploads/2020/05/marblecards-dgoods-213x300.png 213w" sizes="(max-width: 300px) 100vw, 300px" /></figure></div>



<p>So, concretely, what is the standard proposition from this beautiful team?</p>



<ul><li><strong>Metadata Templates for 3d and 2d assets &#8211; </strong><em>A must-have to see what we bought in our wallet!</em></li><li><strong>Fungible and non-fungible in one contract &#8211; </strong><em>Multi Atomic Swap</em></li><li><strong>Multiple categorized tokens in one token contract &#8211; </strong><em>Even if the symbol doesn’t change, the same Smart Contract will have the function to generate “sub-tokens”</em></li><li><strong>Certificate of Authenticity &#8211; </strong><em>The proof of ownership through the Certificate of Authenticity</em></li><li><strong>Token Localisation &#8211; </strong><em>To have your local language displayed</em></li><li><strong>DEX in a token &#8211; </strong><em>Standard trading</em></li><li><strong>Open Source on</strong><a href="https://github.com/MythicalGames/dgoods" target="_blank" rel="noreferrer noopener"><strong> Github</strong></a><strong> and free-to-use &#8211; </strong><em>If you want to have a look at the code or integrate this standard in another blockchain</em></li></ul>



<p>This is where the mechanics of the contract changes compared to the ERC Standard. The idea of “dGoods” is to have in a single contract a functional mix between <strong>Fungible</strong> and <strong>Non-Fungible</strong> token in order to create a “<strong>Semi-Fungible”</strong> standard.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="800" height="352" src="http://nfcms1/app/uploads/2020/05/admit-one.png" alt="" class="wp-image-1464" srcset="http://nfcms1:80/app/uploads/2020/05/admit-one.png 800w, http://nfcms1:80/app/uploads/2020/05/admit-one-300x132.png 300w, http://nfcms1:80/app/uploads/2020/05/admit-one-768x338.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></figure></div>



<p>For the end-user, it doesn’t change much, except if he’s curious to better understand these mechanics.</p>



<p>If we take a ticket seat example, it’s like an ERC-721 but created from another ERC-721 in the same contract, like a chain of cinemas with tickets at all locations managed from one central source.</p>



<p>The objective of the Semi-Fungible standard: Have multiple layered “states” where each one of them can generate a certain amount of unique tokens in a unique contract.</p>



<p>Sources :</p>



<ul><li><a href="https://medium.com/dgoods/dgoods-v1-0-public-beta-release-72f896ad7aed" target="_blank" rel="noreferrer noopener">The V1.0 of dGoods standard is released</a></li><li><a href="https://medium.com/dgoods/introducing-dgoods-7204a90193f4" target="_blank" rel="noreferrer noopener">dGood Objectives</a></li></ul>



<h2>EOS Knights: The Pioneer</h2>



<p>Now that we technically know where we just landed, let’s focus on one popular game:<a href="https://eosknights.io/" target="_blank" rel="noreferrer noopener"> EOS Knights</a>, an Idle/RPG game.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="600" height="603" src="http://nfcms1/app/uploads/2020/05/eos-knights.png" alt="" class="wp-image-1465" srcset="http://nfcms1:80/app/uploads/2020/05/eos-knights.png 600w, http://nfcms1:80/app/uploads/2020/05/eos-knights-150x150.png 150w" sizes="(max-width: 600px) 100vw, 600px" /></figure></div>



<p>It was published shortly after the EOS mainnet snapshot, didn’t have any competitors for a long time, managed to stay at the top Dapp position without much advertisement and was even in advance of the EOS agenda! The game was ready to be pushed on mobile but Scatter, an EOS Wallet, wasn’t stable and the mobile release was delayed. Some time later, a new version of Scatter is launched and at last, the option to play on mobile is possible — which is way more adapted to these kinds of games.</p>



<p>You have to know that you will have to pay to have a full team, but after this introduction, the gameplay itself is pretty nice: you will have to kill goblins until your heroes are exhausted to earn materials when you resurrect them. These materials are needed to forge more powerful weapons and armour for your heroes.</p>



<p>Of course, it’s possible to buy or sell them in the game market.</p>



<p>And to make everything possible, you’ll guess it, every one of these assets are full part NFT!</p>



<p>We say to ourself: “Spending 1 EOS to earn EOS in return and having fun by doing so is pretty nice” and this is where the dream turns into a nightmare.</p>



<h2>The limit of the EOS ecosystem</h2>



<p>I said earlier that it was possible to stake some resources… but not every one of them. We can delegate EOS tokens for NET and CPU but, RAM must be bought separately.</p>



<p>Did you know that if a whale buys a lot of RAM and starts to spam the network with a 3 words message “WE LOVE BM”, the whole blockchain is affected and every action takes hours or even days to execute? Well, that whale really existed and is called “<a href="https://eosflare.io/account/blocktwitter" target="_blank" rel="noreferrer noopener">blocktwitter</a>”. BM means ByteMaster, the pseudonym of Daniel Larrimer.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" width="800" height="304" src="http://nfcms1/app/uploads/2020/05/blocktwitter-spam.png" alt="" class="wp-image-1466" srcset="http://nfcms1:80/app/uploads/2020/05/blocktwitter-spam.png 800w, http://nfcms1:80/app/uploads/2020/05/blocktwitter-spam-300x114.png 300w, http://nfcms1:80/app/uploads/2020/05/blocktwitter-spam-768x292.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></figure></div>



<p>We sweat a little, but in the end, the block producers and EOS team found a way to bypass this ordeal (loan and lend of RAM, unlocking “emergency” RAM, forcing down the prices…) to keep the boat floating and allow everyone to keep using dapps.</p>



<p>Even if it’s only a bypass solution, better that this storm happens in the beginning to consolidate the blockchain than in a few years when it will become less forgiving.</p>



<p>This stress-test wasn’t very pleasant to live but was vital to provide better security and fluidity to newcomers and games such as EOS Knights.</p>



<p>Sources :</p>



<ul><li><a href="https://www.coindesk.com/markets/2018/09/04/ram-it-all-rising-costs-are-turning-eos-into-a-crypto-coders-nightmare/" target="_blank" rel="noreferrer noopener">RAM’s Nightmare</a></li></ul>



<h2>A new blockchain game generation</h2>



<p>If you’re not afraid of the change and you feel ready to make the leap, keep in mind that the EOS technology is evolving every day and new projects are coming out of stealth to expand the number of games in the EOS catalog.</p>



<p>Without coming back on EOS Knights, who has plenty of time to update and propose more stable content, there are other games who deserved to be experimented with:</p>



<ul><li><a href="https://itam.store/" target="_blank" rel="noreferrer noopener"><strong>Itam Store</strong></a> (free): Available on Android only, the in-game assets you win or earn are NFT and can be exchanged for EOS.</li><li><a href="https://www.cryptoswordandmagic.com/" target="_blank" rel="noreferrer noopener"><strong>Crypto Sword &amp; Magic</strong></a> (not released yet): A turn-based RPG! I let you guess what the NFT will be.</li><li><a href="https://eossanguo.one/#/" target="_blank" rel="noreferrer noopener"><strong>EOS Dynasty</strong></a> (free): Available on mobile, this is the same gameplay as EOS Knights but you will be able to stake the in-game token to earn EOS dividends.</li><li><a href="https://www.crossworlds.gg/" target="_blank" rel="noreferrer noopener"><strong>CrossWorlds</strong></a> (Alpha, not free): Do you like Tower Defense? The NFT in this game will be the type of unit you’ll use to protect your HQ or attack the enemy. They plan to make their own multiverse to use their NFT in multiple games.</li><li><strong>Asteroid Rush</strong> (not released yet): A strategy/management game, the objectives are to send miners on an asteroid to extract resources. The NFTs will be the miners and their equipment, and they plan to use an EOS Fork (yes, already…) to not use the RAM, CPU or NET.</li></ul>



<p>At the time I’m writing, some of these games are at a very early stage of development or even at the pre-sale state. You’re free to participate if the project looks legit to you after doing your own research.</p>



<p>If you’re wondering where to sell all your EOS NFTs, the Scatter team is actually working on a Marketplace which will be the equivalent of<a href="https://opensea.io/" target="_blank" rel="noreferrer noopener"> Opensea</a> for ERC-721 on Ethereum.</p>



<h2>Developing blockchain games takes time</h2>



<p>Yes, starting a new EOS game will require two investments: time and money. Time to understand the mechanics of the keys if you’re only used to Ethereum, and money because you have to pay to finalize your wallet.</p>



<p>This investment is one of the main hurdles to mass-adoption but once it’s made, you finally have access to a whole new ecosystem.</p>



<p>I hope this article helped you to familiarize and have a better understanding of the EOS blockchain! And I hope you enjoy new games and experiences in this very young universe.</p>


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