According to statistics from rarity.tools, in the current entire image NFT market, the NFT collection ranked 643 has a market value of less than 100 ETH. Now the market is showing a speculative effect on the head, not a long-tail effect.

Due to the non-homogeneous nature of NFT, the liquidity of NFT is far lower than that of FT, so that its estimated market value cannot accurately reflect its real market value. For example, if there are 100 houses in a community, when one of the houses is sold at a very high value, whether the sale is for self-purchasing or other reasons, the estimated total value of the houses in this community is The market value which will be greatly increased, but this is not the real value.

To be honest, as a member of the industry, we feel very uneasy about this situation.

This is completely inconsistent with the huge potential that NFT technology and blockchain technology can show.

We have always believed that the value of the assets represented by NFT should far exceed the value shown by the existing market.

We can also do a comparison to illustrate some situations.

Opensea, the largest NFT trading market by transaction volume, was established at the end of 2017 and currently has a maximum monthly transaction value of US$5.1 billion.

The FT exchange ByBit, which was established in 2018, currently ranks third or fourth in terms of transaction volume among all exchanges. The most recent transaction volume has exceeded 6.5 billion US dollars a day.

The current NFT market is still far behind the FT market.

In the real world, the total market value of non-fungible assets greatly exceeds the total market value of homogeneous assets. Most of human assets are non-fungible assets and their derivatives.

If we study more data and facts, it is not difficult for us to draw the following conclusions:

1. The NFT market also has amazing potential, and the future transaction volume of the NFT-related market will exceed the FT market.

2. The currently prosperous NFT market is only a very small part of the NFT field, and does not represent the entire NFT field.

3. The real development of the NFT field lies in those assets other than image NFTs, such as land, real estate, insurance, tickets, equity certificates, virtual worlds and so on.

4. Only after the non-picture NFT market is prosperous, is the real prosperous period of NFT.

As a member of the NFT marketplace, we are in a way a competitor to many NFT marketplaces like opeasea today. Our investors and community partners are also very concerned about our development and future.

Here, we would like to mention some clarifications of our views and our plans.

1. We do not believe that it is neither possible nor meaningful for other competitors to surpass opensea in the pure image NFT market. For example mintbase, looksRare, etc. At present, there are still many similar image NFT markets being launched, which are intensifying competition in this direction.

2. We also do not believe that the current image NFT market is the main direction of the future NFT market.

3. We have always believed that NFT is the most important blockchain application in the next decade and a revolutionary industry.

4. We believe that whoever can innovate and create value in the NFTization of other assets can lead the NFT industry.

5. In 2022, we will develop important products in the direction of NFTization of land and real estate, NFTization of the lending market, and NFTization of the insurance market, and lead this market.

6. Our positioning is "the issuance and trading platform of NFT assets on the chain". We hope to promote the NFTization of all assets and greatly improve their transaction efficiency.

Of course, Rome wasn't built in a day. From historical experience and economic laws, all success comes from two factors.

1. The right direction.

2. Be patient enough.

Whether it is BTC or any successful project, it all comes from the above two items. Continue to move forward on a correct track, through the blessing of time, to obtain thousands of times the return. We believe that there are such opportunities in the NFT field, and Metaer will also be such a project.

We currently deploy seven advanced smart contracts that support the minting and trading of NFTs on ETH and BSC. Soon, we will officially launch the world's first large-scale real estate NFT market experiment. Of course, we are still advancing the development of our blockchain-based virtual asset platform and will release it at an appropriate time. (Longer than expected because we prioritized real-world asset class NFTs.)

Therefore, we also invite our community partners to jointly promote these exciting and innovative applications that can capture the progress of human society, make important contributions, and reap our wealth.

1. We have updated a more powerful trading contract system, which supports more bidding methods and supports the collection of permanent copyright fees.

2. We support WBNB, USDC, DAI, SET and other tokens for trading, and will support more tokens soon.

3. We have updated the user interface and data system, and now have more and more comprehensive on-chain data.

4. Our GAMEPAD section is under development and will support multiple models such as blind box and Farm.

5. In our real estate section, our team of lawyers has already completed the legal part of the work, and the support can be sold and transferred on the chain, and the next step is the work of the business model part. In the first batch there will be more than $20 million of assets listed for trading. This will be an unprecedented commercial experiment. Possibly changing the way entire real-world assets work.

6. We are discussing with more IPs to issue their NFT assets on Metaer.market.

These are some of our recent developments.

In addition, let me talk about some of our views on real-world NFTization.

The global real estate market exceeds US$217 trillion, of which the total market value of real estate invest trusts (REITs) entering the world exceeds US$2.5 trillion. In 2021, residential REITs are up 46%, office REITs are up 13%, and hotel REITs are up 6%.

There is no doubt that real estate, as one of the most important assets people hold, accounts for a large share of the world's investment. It is a great value ecology.

However, the proportion of high liquidity that can be highly circulated is very small.

Mainly because of the following reasons:

1. The complex transaction process in the real estate market.

2. Regional attributes of the real estate market. Except for some large investment companies such as Blackstone and Temasek, which are making global investments, ordinary investors are excluded from the global market and can only make regional investments.

3. The value of the real estate market is very different, resulting in a high cost of decision-making.

4. Real estate is a low-liquidity market, and it is not easy to sell quickly after purchase.

However, investments in land and real estate are at the same time the favorite investments of people all over the world, rich and poor alike.

So there is a huge conflict here, but also a huge opportunity.

NFT and DAPP can provide good solutions and will also leverage this huge market.

If we use NFT and smart contracts, we can make the purchase, holding, trading, mortgage and lending of assets very easy, and this market will break the boundaries of regions and investments.

"Everyone can buy and sell houses and land anywhere" will be easily realized in the near future.

So we will make bold attempts in this area, and if it is feasible, we will quickly become the leader in this multi-hundred trillion market.

At present, metaer.market has deployed multiple blockchain full nodes and developed an independent query system to solve the problem of slow and inaccurate reading of NFT data on the chain.

At the same time, the new trading contract of metaer.market has been developed and is in the final debugging stage.

The new trading contract will gradually launch the following functions:

• Support for casting NFT in batches by calling the interface. -Support multiple people to share a NFT copyright. -Support permanent royalty income. -Support more kinds of pricing methods and auction methods.

At the same time, metaer.market is working with a number of real estate companies to study the business process and contract logic of real estate ETFs, and will arrange them in the next development plan.

M-DAO.org has completed the deployment, and we have developed a delegate contract for M-dao, so that anyone can delegate voting rights to anyone, which is conducive to a more democratic governance relationship.

At the same time, M-DAO established the Ministry of Assets and Finance. Next, 60% of the revenue of the entire ecology will be transferred to the Ministry of Finance and handed over to the DAO.

M-DAO has also deployed a voting governance system through the most mature SNAPSHOT system in the industry.

In addition, Metaer.world, as the portal platform of Metaverse in the Metaer ecosystem, version 1.0 will soon enter the contract continuous adjustment phase.

We will use Metaer.world to create an ecosystem that can be connected to any chain game. It should be possible to meet with you in January 2022.

The above recent updates of the Metaer ecosystem, technology has changed the world, thank you all.

I will pass on some information from Metaer about the construction of M-DAO.

Metaer believes that a better world is a decentralized world where human beings have great freedom, and we are also working hard for it.

Early investors, developers, and community representatives of METAER all agreed to build METAER into a highly decentralized system.

METAER is completely handed over to M-DAO for governance and development.

M-DAO is the owner and governance institution of the METAER ecosystem.

The original SET contract will be handed over to the foundation, community, node construction, and DEFI SET tokens, and will also be handed over to M-DAO for management and control.

To this end, we have also established a treasury through Gnosis safe, depositing all the assets of M-DAO in the treasury. Without the DAO's resolution, no one can use the assets in the treasury.

At the same time, we have specifically opened a related agreement for voting delegation, hoping to encourage more community participation.

Every SET token in your hand is a voting right, which will have an impact on the development of M-DAO.

DAO is a revolution in social governance reform, which will affect the way the entire world operates in all aspects. We hope that M-DAO will become a model for operation.

Next, we will also carry out the construction branches of M-DAO around the world. The recruitment plan will begin in early January.

For more detailed information about M-DAO, you can get it through www.M-DAO.org.

In addition, list the CEX plan of M-DAO's governance token SET, more than 5 CEXs have agreed to conduct IEO at any time, but from the perspective of token price increase and stability, it is recommended to be active users in the M-DAO community IEO will be more beneficial to the interests of the community when it reaches a certain level. Therefore, regarding the CEX plan, M-DAO will promptly submit it to the community for voting and discussion.

The encryption world has made tremendous progress since 2009, and it will advance even more rapidly in 2022. Technology, community, and ideas form the foundation of the crypto world. M-DAO and Metaer ecology will continue to work hard in these three directions as always. Invest in technology, invest in the community, and invest in revolutionary ideas.

Hope you all have a wonderful 2022, thank you all.