Crypto.FanaticsALTAVA In-depth Study
ALTAVA GROUP Digital service provider for luxury brandsBasic information of the projectBasic information1.Projects ALTAVA aims to digitize real-world physical luxury items, casting them as NFTs and allowing their holders to use them in various virtual worlds in the Metaverse. The NFT "Second Skin : Metamorphosis" is a PFP-type item with a total of 6,765 pieces released, signifying a second layer of avatars in the Metaverse, 3D and high simulation style, allowing you to create and match differ...
Crypto.FanaticsAn overview of the SocialFi competition ecosystem and trends
SocialFi combines social tokens with DeFi to provide a new way for social capital to be realized, and will be one of the important interfaces of Web3.0. What ecology is included in this track? What are the development trends?the rise of SocialFi trackA large number of SocialFi projects emerged and exploded In the second half of 2021, social tokens such as Whale, Chiliz and Rally once saw a large increase, and several projects such as BBS network, Showme and Mirror.xyz exploded in popularity. ...
Crypto.FanaticsDecentralized Order Flow Marketplace - DFlow
On March 31st, DFlow, a decentralized order flow marketplace, closed a $2 million seed funding round co-led by Multicoin Capital and Framework Ventures, with participation from Cumberland (DRW), Parataxis Capital and PetRock Capital. The funding round will be used to recruit institutional market makers, build partnerships and more.Order flow marketOrder flow is the liquidity generated by market participants, i.e. the outstanding bid and ask prices. They are a useful asset that can be sold bas...
Crypto.FanaticsALTAVA In-depth Study
ALTAVA GROUP Digital service provider for luxury brandsBasic information of the projectBasic information1.Projects ALTAVA aims to digitize real-world physical luxury items, casting them as NFTs and allowing their holders to use them in various virtual worlds in the Metaverse. The NFT "Second Skin : Metamorphosis" is a PFP-type item with a total of 6,765 pieces released, signifying a second layer of avatars in the Metaverse, 3D and high simulation style, allowing you to create and match differ...
Crypto.FanaticsAn overview of the SocialFi competition ecosystem and trends
SocialFi combines social tokens with DeFi to provide a new way for social capital to be realized, and will be one of the important interfaces of Web3.0. What ecology is included in this track? What are the development trends?the rise of SocialFi trackA large number of SocialFi projects emerged and exploded In the second half of 2021, social tokens such as Whale, Chiliz and Rally once saw a large increase, and several projects such as BBS network, Showme and Mirror.xyz exploded in popularity. ...
Crypto.FanaticsDecentralized Order Flow Marketplace - DFlow
On March 31st, DFlow, a decentralized order flow marketplace, closed a $2 million seed funding round co-led by Multicoin Capital and Framework Ventures, with participation from Cumberland (DRW), Parataxis Capital and PetRock Capital. The funding round will be used to recruit institutional market makers, build partnerships and more.Order flow marketOrder flow is the liquidity generated by market participants, i.e. the outstanding bid and ask prices. They are a useful asset that can be sold bas...
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According to Nansen's incomplete statistics, the number of NFT projects grew 2,000-fold from the beginning of 2021 to February 2022, and with new PFPs appearing every day, the market is not performing in a healthy way.
1 in 3 programs have almost no deal activity and 1/3 have a bust. homogenization of NFT is a serious problem. Every launch has a whitelist process, and Twitter is flooded with WL sweepstakes. Most NFTs have the same usage scenarios and no new ideas.
Focusing on the development of NFT can't just be about the momentary fireworks of the project. This article will analyze how PFP-like NFTs have been applied to virtual galleries, meta-universe avatars and gear, NFT-Fi, clubs and Web3 social interests from usage scenarios, and give concrete examples.
ONCYBER is an NFT 3D and VR showcase platform. Here, users can enter any virtual pavilion, enjoy NFT images and see NFT 3D models up close. users can also create rooms to showcase their own NFTs.
ONCYBER represents the function is more pure of NFT galleries, they are mostly 3D/VR/virtual pavilions. Users can get an immersive experience. Curators, on the other hand, can communicate their technological and artistic aesthetics to the audience.
Such an NFT gallery also extends social functions. Taking isotile as an example, besides supporting users to create their own rooms to showcase NFT, this project will also develop into a meta-universe where users can hang out and chat with each other, thus making like-minded friends in the world of NFT.
There are also some function not so pure NFT galleries that double as NFT trading auctions, or are themselves NFT trading platforms. These platforms generally showcase selected series, artist series and other sections, and also provide users with NFT archives.
Gallery is the image class NFT the most direct use scenario. In real life, there are galleries in every city and exhibitions are held from time to time. Galleries can be said to be a universal way for humans to express their aesthetic views and thoughts.
Decentraland is very typical of the NFT Metaverse, and through keyboard and mouse operations, users can run through a vast virtual space, enjoy the landscape from all viewpoints, and visit buildings with different appearances and functions.
NFT is mainly used in Decentraland to carry land, wearable equipment, items, etc. Here you can deeply appreciate the combinability of NFT as an on-chain asset.
Axie Infinity pavilion in front of more than a dozen small monsters bouncing in front of you, instead of being limited to the characters in the 2D chain game, making you feel very close.
BAYC, World of Women, and others exhibiting in The Sandbox's NFT Institute; Larva Lads and others hosting parties in Worldwide Webb, etc. are all good examples of NFT composability.
Based on this combinability, more and more PFP-type projects have entered into cooperation with Metaverse. They acquire land and properties in the Metaverse and hold all kinds of activities.
NFT is also no longer a static asset in the Metaverse. Players, brands and project parties have made UGC creations based on NFT, giving new ways to play NFT and the Metaverse.
Another feature of the NFT meta-universe is the integration of GameFi and DeFi elements.
Take Aavegotchi for example. The Gotchiverse, the flagship game, is a P2E NFT role-playing game. Users Have fun in the meta-universe, harvest Alchemica, build equipment, and fight with liquidators, which is typical of GameFi gameplay.
Meanwhile, Aavegotchi ecology supports token Staking, NFT leasing, and in the future, a DEX called GAX will be launched to trade game tokens. All these reflect DeFi attributes.
It follows that NFT Metaverse provides the venue for GameFi and supports more complex interactions between players. And DeFi can facilitate the circulation and appreciation of NFT assets in the Metaverse.
In addition, most NFT Metaverse are "hybrids", combining NFT trading, GameFi, and DeFi functions. The auction and lease of land has become the start-up solution for many projects.
NFT-Fi is by far the most actionable PFP application scenario. nft-fi has four main categories of segmented functionality：
**1.**Leasing of NFT assets, including leasing of Metaverse landed estates, Equipment, NFT avatar rights of use, etc.
Double is the representative of NFT leasing project, APP has supported leasing Decentraland Plots of land and landed estate. users can filter the virtual land and estate they need by choosing the lease period, price, category, location and size.
**2.**Trading, pledging, farming of NFT or NFT fragments.
Fractional, NFT20 is representative of NFT fragmentation attempts. For example, a user pledging 22 Cyberkongz NFTs on NFT20 minted 2,200 KONGZG20 tokens, each KONGZ20 represents ownership of 1/2200 of NFT, and these KONGZ20s can also be traded, farming on Uniswap.
In order to solve the problem that NFT fragments are lost or cannot be bought back, Fractional has also proposed the Buyout Auction model.
**3.**Get a loan through pledging NFT.
Representative projects are Arcade, Strip Finance. take Loan Bundle 19 on Arcade as an example. User A pledging BAYC #4743, posts a loan request for 180 WETH and offers an APR of 18.25% for a loan length of 90 days.
Assume User B is satisfied with this offer and provides User A with a loan. Then at the end of the 90 days, if A can return the principal amount of 180 WETH and pay the interest of 8.1 WETH as scheduled, he will get back BAYC #4743. Otherwise, BAYC #4743 will be assigned to User B's name.
Due to price fluctuations, the NFT loan market often sees the underlying assets being liquidated. Platforms like X Carnival have also set up special trading markets for liquidated NFTs, making it easy for users to pick up the slack.
**4.**Crowdfunding for the purchase of NFT and provide loans for the purchase of NFT.
Bridgesprit supports users to form small groups to bid on NFTs. The PINE program supports loans for users to gather funds to purchase NFTs, and then releases the NFTs to their wallets after the user has paid off the loan.
In the crypto world, there is no perfect solution to the problems of NFT pricing, price volatility, and liquidity fragmentation, leading to a delay in finding an outlet for the financialization of NFT to explode. However, we have seen numerous attempts. In the future, these difficulties may be solved by a few hundred, or even a few dozen lines of code.
In the real world, physical assets (non-homogenized assets) are no less involved in financial markets than cash and stocks (homogenized assets). In the crypto world, we should also believe in the potential of NFT-Fi.
In the world of encryption, project that makes full use of NFT as a club pass is the Bored Ape Yacht Club.
By airdropping mutant ape serum, BAKC, and APE to BAYC holders, and offering BAYC holders such things as Bored Ape T-shirt purchase rights, Apefest, and real yacht party participation rights, BAYC has built a vibrant community and become the most reputable program in the NFT marketplace.
And in the Web3 social scene, projects such as POAP only issue NFT badges to specific chain activity users, so NFTs become good tags for user classification.
For example, the RabbitHole adventure badge tags the skills and knowledge acquired by the user. Project Galaxy's airdrop for GAL, on the other hand, can be refined to users who hold specific NFTs.
The development of NFT will not be sustainable if it relies solely on storytelling and hopes for resonance with a certain type of social group.
NFT as exhibits in the virtual gallery, NFT as avatars, equipment, and objects in the Metaverse, NFT as elements embedded in DeFi, and NFT as proof of interest may be four important paths for further development of the PFP project.
NFT as exhibits in the virtual gallery, NFT as Incarnation, equipment, and objects in the Metaverse, NFT as elements embedded in DeFi, and NFT as proof of interest may be four important paths for further development of the PFP project.
Welcome to join #NowhereDAO, a free information and token information sharing platform:
According to Nansen's incomplete statistics, the number of NFT projects grew 2,000-fold from the beginning of 2021 to February 2022, and with new PFPs appearing every day, the market is not performing in a healthy way.
1 in 3 programs have almost no deal activity and 1/3 have a bust. homogenization of NFT is a serious problem. Every launch has a whitelist process, and Twitter is flooded with WL sweepstakes. Most NFTs have the same usage scenarios and no new ideas.
Focusing on the development of NFT can't just be about the momentary fireworks of the project. This article will analyze how PFP-like NFTs have been applied to virtual galleries, meta-universe avatars and gear, NFT-Fi, clubs and Web3 social interests from usage scenarios, and give concrete examples.
ONCYBER is an NFT 3D and VR showcase platform. Here, users can enter any virtual pavilion, enjoy NFT images and see NFT 3D models up close. users can also create rooms to showcase their own NFTs.
ONCYBER represents the function is more pure of NFT galleries, they are mostly 3D/VR/virtual pavilions. Users can get an immersive experience. Curators, on the other hand, can communicate their technological and artistic aesthetics to the audience.
Such an NFT gallery also extends social functions. Taking isotile as an example, besides supporting users to create their own rooms to showcase NFT, this project will also develop into a meta-universe where users can hang out and chat with each other, thus making like-minded friends in the world of NFT.
There are also some function not so pure NFT galleries that double as NFT trading auctions, or are themselves NFT trading platforms. These platforms generally showcase selected series, artist series and other sections, and also provide users with NFT archives.
Gallery is the image class NFT the most direct use scenario. In real life, there are galleries in every city and exhibitions are held from time to time. Galleries can be said to be a universal way for humans to express their aesthetic views and thoughts.
Decentraland is very typical of the NFT Metaverse, and through keyboard and mouse operations, users can run through a vast virtual space, enjoy the landscape from all viewpoints, and visit buildings with different appearances and functions.
NFT is mainly used in Decentraland to carry land, wearable equipment, items, etc. Here you can deeply appreciate the combinability of NFT as an on-chain asset.
Axie Infinity pavilion in front of more than a dozen small monsters bouncing in front of you, instead of being limited to the characters in the 2D chain game, making you feel very close.
BAYC, World of Women, and others exhibiting in The Sandbox's NFT Institute; Larva Lads and others hosting parties in Worldwide Webb, etc. are all good examples of NFT composability.
Based on this combinability, more and more PFP-type projects have entered into cooperation with Metaverse. They acquire land and properties in the Metaverse and hold all kinds of activities.
NFT is also no longer a static asset in the Metaverse. Players, brands and project parties have made UGC creations based on NFT, giving new ways to play NFT and the Metaverse.
Another feature of the NFT meta-universe is the integration of GameFi and DeFi elements.
Take Aavegotchi for example. The Gotchiverse, the flagship game, is a P2E NFT role-playing game. Users Have fun in the meta-universe, harvest Alchemica, build equipment, and fight with liquidators, which is typical of GameFi gameplay.
Meanwhile, Aavegotchi ecology supports token Staking, NFT leasing, and in the future, a DEX called GAX will be launched to trade game tokens. All these reflect DeFi attributes.
It follows that NFT Metaverse provides the venue for GameFi and supports more complex interactions between players. And DeFi can facilitate the circulation and appreciation of NFT assets in the Metaverse.
In addition, most NFT Metaverse are "hybrids", combining NFT trading, GameFi, and DeFi functions. The auction and lease of land has become the start-up solution for many projects.
NFT-Fi is by far the most actionable PFP application scenario. nft-fi has four main categories of segmented functionality：
**1.**Leasing of NFT assets, including leasing of Metaverse landed estates, Equipment, NFT avatar rights of use, etc.
Double is the representative of NFT leasing project, APP has supported leasing Decentraland Plots of land and landed estate. users can filter the virtual land and estate they need by choosing the lease period, price, category, location and size.
**2.**Trading, pledging, farming of NFT or NFT fragments.
Fractional, NFT20 is representative of NFT fragmentation attempts. For example, a user pledging 22 Cyberkongz NFTs on NFT20 minted 2,200 KONGZG20 tokens, each KONGZ20 represents ownership of 1/2200 of NFT, and these KONGZ20s can also be traded, farming on Uniswap.
In order to solve the problem that NFT fragments are lost or cannot be bought back, Fractional has also proposed the Buyout Auction model.
**3.**Get a loan through pledging NFT.
Representative projects are Arcade, Strip Finance. take Loan Bundle 19 on Arcade as an example. User A pledging BAYC #4743, posts a loan request for 180 WETH and offers an APR of 18.25% for a loan length of 90 days.
Assume User B is satisfied with this offer and provides User A with a loan. Then at the end of the 90 days, if A can return the principal amount of 180 WETH and pay the interest of 8.1 WETH as scheduled, he will get back BAYC #4743. Otherwise, BAYC #4743 will be assigned to User B's name.
Due to price fluctuations, the NFT loan market often sees the underlying assets being liquidated. Platforms like X Carnival have also set up special trading markets for liquidated NFTs, making it easy for users to pick up the slack.
**4.**Crowdfunding for the purchase of NFT and provide loans for the purchase of NFT.
Bridgesprit supports users to form small groups to bid on NFTs. The PINE program supports loans for users to gather funds to purchase NFTs, and then releases the NFTs to their wallets after the user has paid off the loan.
In the crypto world, there is no perfect solution to the problems of NFT pricing, price volatility, and liquidity fragmentation, leading to a delay in finding an outlet for the financialization of NFT to explode. However, we have seen numerous attempts. In the future, these difficulties may be solved by a few hundred, or even a few dozen lines of code.
In the real world, physical assets (non-homogenized assets) are no less involved in financial markets than cash and stocks (homogenized assets). In the crypto world, we should also believe in the potential of NFT-Fi.
In the world of encryption, project that makes full use of NFT as a club pass is the Bored Ape Yacht Club.
By airdropping mutant ape serum, BAKC, and APE to BAYC holders, and offering BAYC holders such things as Bored Ape T-shirt purchase rights, Apefest, and real yacht party participation rights, BAYC has built a vibrant community and become the most reputable program in the NFT marketplace.
And in the Web3 social scene, projects such as POAP only issue NFT badges to specific chain activity users, so NFTs become good tags for user classification.
For example, the RabbitHole adventure badge tags the skills and knowledge acquired by the user. Project Galaxy's airdrop for GAL, on the other hand, can be refined to users who hold specific NFTs.
The development of NFT will not be sustainable if it relies solely on storytelling and hopes for resonance with a certain type of social group.
NFT as exhibits in the virtual gallery, NFT as avatars, equipment, and objects in the Metaverse, NFT as elements embedded in DeFi, and NFT as proof of interest may be four important paths for further development of the PFP project.
NFT as exhibits in the virtual gallery, NFT as Incarnation, equipment, and objects in the Metaverse, NFT as elements embedded in DeFi, and NFT as proof of interest may be four important paths for further development of the PFP project.
Welcome to join #NowhereDAO, a free information and token information sharing platform:
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