Why CyberMiles Public Blockchain is Perfect for NFT
This is the 6th article in CyberMiles NFT Research Series.
Three years after the CryptoKitties NFT craze, the NFT collectible game NBA TOP Shot developed by the same team, Dapper Labs, once again became the project got the spotlight. If it was a random attempt 3 years ago and got accidental success, then this time, Dapper Labs is taking over the the NFT market playground.
According to CryptoSlam, since its launch, the total sales of NBA TOP Shot have been close to 29.476 million U.S. dollars, which has surpassed CryptoKitties and ranks first among various NFT collections. There are currently 13991 buyers and 18,816 collectors.
Flow was oblivious among all the new public blockchains during its private sale, but now it is wildly seeked after. On January 28, Flow’s native token was listed on Kraken, with an opening price of $0.38, which rose to a maximum of $12, with an 30x increase; compared with the private sale price at $0.1, the increase has exceeded a hundred times.
People who missed out on Flow “rushed” to buy the NFT trading market project Rarible (RARI), making its price to skyrocket by 153% within 24 hours.
Take the investment experience of NFT collector, WhaleShark, as an example. On January 23, WhaleShark announced the total valuation of its NBA Top Shot account assets on Twitter. The total valuation at that time was US$10.9 million. Two days later, guess how much money he has made from this trade? 5 million U.S. dollars. Within 48 hours. With the market hype, WhaleShark’s total account value has increased by 45%. These seemingly astonishing gains are just a small appetizer on the way forward for NFT. In the future, there will be more possibilities.
According to data from the CryptoArt.io, as of March 2021, the total transaction volume of NFT-based works reached US$$374 million, a record high. The current NFT field that has begun to take shape also includes virtual art, virtual land and space, domain names, and many other collectibles. It is also extending its tentacles to art trading and trendy play markets.
Below are some of the latest or upcoming products from four aspects: the NFT trading market, NFT games, the NFTization of star DeFi assets, and the ERC20 tokenization trend of NFT. The current trading volume of NFT is still in its early stage. Do not miss out on these chances!
https://mp.weixin.qq.com/s/TXrBg6HIaeqZkD-zkgMz4g
VIV3
it is based on the NFT exclusive public blockchain Flow. Flow is designed for NFT creation and trading, and is for large-scale users. Compared with Ethereum, slow with high fee, Flow has the advantages of low cost, low latency, high throughput, and friendly development environment & user experience.
Specifically, VIV3 will create an independent smart contract for each token mint, thereby supporting any application in the Flow ecosystem to easily integrate the work, achieving more composability and liquidity.
In addition, the VIV3 trading platform will also bear the cost of smart contract deployment, NFT casting and transaction costs, and the revenue will come from the transaction share, with a share ratio of 12.5% (collected from the seller). In addition, as the original author, each time his work is resold, he will receive 10% of royalties.
VIV3 was officially released On January 27. So far, 115 works of art have been cast and listed, of which 29 have been auctioned and bought.
Vacation Sunset (from the VIV3 early adopters, Anne Spalter)
From the official website, the current online VIV3 is mainly graphic design works (including image, video, gif, 3d) and so on.
Officials stated that VIV3 has collaborated with Ben Mauro, a well-known American conceptual designer who has participated in the design of “Spider-Man 2” and “The Hobbit”, and will soon launch the card game EVOLUTION.
VIV3 has not yet mentioned the token issuance plan.
SuperFarm (https://superfarm.io, token: SUPER)
SuperFarm is a cross-chain DeFi protocol that focuses on the minting and trading of NFT tokens and support for liquidity mining.
As mentioned above, OpenSea is one of the largest NFT trading markets, but it only supports transactions, does not support NFT minting or more features.
Rarible supports both transaction and creation, but if players want to add some special features, such as liquidity mining, there is no way.
Therefore, products such as SuperFarm that are positioned at one-stop creation, trading tokens and even providing them with added liquidity mining functions are quite in demand.
Product function comparison of the four major NFT platforms, source: SuperFarm
The founder of SuperFarm is a serial entrepreneur and YouTube influencer, and will soon issue a governance token SUPER.
According to the official introduction, if NFT developers want to set up a liquid mining pool, they need to mortgage 100,000 SUPER. After NFT developers issue tokens, they can create their own NFT store (which can be understood as a contract) to facilitate players to buy and sell.
SuperFarm launched crowdfunding in the community on January 27th, and the response was very enthusiastic, with more than 30,000 people in the community. The development of the agreement is stepping up, and Odaily Planet Daily will continue to monitor the progress of the project.
- MoonSwap NFT Trading Market
On January 6, MoonSwap tweeted that the MoonSwap NFT market auction system will be launched soon, and the ConDragon SSS-level NFT will open its first auction.
It is understood that MoonSwap is the next-generation decentralized transaction protocol, based on the Conflux underlying network to build Ethereum’s two-layer network solution, using AMM automatic market maker algorithm, peak TPS of 6000, zero gas fees.
According to statistics from dappbirds.com, MoonSwap has 200 users, 1,200 transactions, and a transaction value of US$160,000 within 24 hours.
In addition, MoonSwap’s upcoming ConDragon is an RPG role-playing game. https://condragon.com
- SWAPPABLE
On January 3, the decentralized trading protocol TrustSwap announced the launch of the NFT trading platform SWAPPABLE in January, which will support the minting, purchase and sale of ERC-721 and ERC-1155 NFTs. It is reported that TrustSwap is an agreement that integrates token sales, custody, lock-up & liquidity lock-up, and NFT transactions. The governance token SWAP can be used for commission discounts, mortgage dividends, etc.
According to DeBank data, TrustSwap’s current lock-up volume is 23.5 million US dollars.
- CyberMiles NFT tokens
CyberMiles has been supporting NFT, CRC-721 as early as 2018, and successfully integrated artworks by oil painting artists (introduction to offline art auctions + links). After nearly three years of accumulation and precipitation, we are very pleased to see that NFT is gradually being applied to a large number of projects and products in fields such as games, art, and DeFi.
In the past few years, the Foundations has also discovered many painpoints regarding NFT, including liquidity, the transfer of value from physical asset to digital world, the collection of conscious values and the lack of resonance, etc., which are all obstacles to the development of NFT.
CyberMiles aims to provide a truly comprehensive platform linking the blockchain world and the physical world. We are also confident that the above-mentioned pain points can be solved, and it will become a self-driving growth agreement with continuous optimization and iteration for the development of NFT.
In order to better help the development of the CyberMiles NFT protocol and ecology, in addition to the innovation and continuous optimization of NFT products, the team is also actively investigating and analyzing the current mainstream NFT ecology in terms of ecological value sharing and user acquisition and other activities and mechanisms. To determine the most suitable value sharing plan for CyberMiles NFT products.
