跨界不断 NFT迈新阶

During the depth of the crypto-asset market’s correction, NFT’s out-of-circle news continued to bombard.

On May 17, Chen Xiaochun’s related NFT works were released in a limited number on the iBox platform, and they were quickly sold out. The next day, Fox Entertainment Group of the United States announced the establishment of an NFT studio, combining film and television works with NFT, and fans can purchase NFTs for their specific characters.

The famous basketball commentator Su Qun also introduced NFT on his personal public account. He posted a video of NBA star LeBron James buckling Kings player Belica, saying that the video is of great value in the NBA Top Shot.

As a non-homogeneous token, NFT can be combined with everything in the real world and has natural cross-border attributes. On OpenSea, the world’s largest NFT trading platform, there are several transactions per second for NFT works.

Crypto asset exchanges are also eyeing this promising market. The iBox incubated by Huobi has been unveiled on the 17th, and Binance will launch an NFT trading platform in June. At that time, Binance users can directly log in to the platform to participate in NFT transactions. With the capital and traffic blessings of the top exchanges, the NFT market has entered a new stage of growth.

NFT out-of-circle effect intensified

跨界不断 NFT迈新阶

The violent season of Animal Coin has come to an end, and the crypto asset market has entered a deep correction stage under the influence of Musk’s remarks. The flames of the bull market seem to have dimmed a bit, and other trends continue to brew during this cooling-off period.

While crypto-asset investors panic or greedy in the ups and downs of the market, information about NFT continues to ferment inside and outside the circle. On May 17, the first NFT work related to the well-known movie star Chen Xiaochun was released on iBox in a limited amount. The work is a personal portrait of Chen Xiaochun, and the price is 199 USDT. Once the NFT went online, it attracted many players to participate in the panic buying.

跨界不断 NFT迈新阶

Chen Xiaochun related NFTs are sold on iBox

iBox is an NFT comprehensive service platform incubated by Huobi Exchange. In addition to the first NFT related to Chen Xiaochun, iBox also lists NFT works with various elements including the Rare Heavenly Palace series and the Water Margin series. On the first day of the sale on May 17, all the NFTs on the platform were sold out, which shows the enthusiasm of fans to chase NFTs.

As a non-homogeneous token, NFT naturally has cross-border attributes. Its combination with tangible industries such as the entertainment industry and art accelerates the process of NFT breaking out of the dimension wall of the encrypted world.

On May 18th, Fox Entertainment Group of the United States announced that it will establish an NFT studio called “Blockchain Creative Labs” to plan and sell digital products, including NFT, GIF, and Tokens that provide a social experience to attract and reward fans.

As a giant in the entertainment industry of the world, Fox Entertainment Group has created well-known film and television works such as “Prison Break”, “X-Men 3” and “Die Hard 4”. It announced its entry into the NFT field, which has the same extraordinary significance as Tesla’s purchase of Bitcoin.

It is reported that the debut of Fox NFT Studios will be synchronized with the premiere of “Krapoplis”. This is a new animated series directed by Dan Harmon, the creator of “Rick and Morty” and “Waste Wood Alliance”. “Krapopolis” will be the first animation to be curated entirely on the blockchain. Consumers can also purchase NFT assets based on roles and settings.

On the same day, the first NFT platform based on Nervos, “Golden Legend”, was also announced. The platform has reached cooperation with NetEase’s three-three studios and multiple personal IPs. It will focus on entertainment, art, cultural and creative, games and other scenes. Perform NFT creation and distribution.

Earlier, Japanese AV actress Hatano Yui also released a personal photo NFT on the BSC chain.

In the current NFT world, NBA star element NFT is also a major commercial section. On the NBA Top Shot, the wonderful moments of many stars have been made into NFTs, and they are often sold for hundreds of thousands of dollars. It is worth noting that on May 18th, well-known basketball commentator Su Qun also introduced NFT in his personal public account. He posted a star in the article “James Dunk, Would You Pay?” LeBron James made a slam dunk video against Kings player Belica defensively, and introduced that this video was made into a unique virtual star card and released on NBA Top Shot.

In the comment area, some fans asked, “Is there any prospect for speculating on NFT?” Su Qun gave a suggestion, “New things, neither directly deny nor stud.” The cross-border integration of NFT has already started outsiders. Revealing curiosity about the crypto world.

The exchange hears the wind and enters the market

跨界不断 NFT迈新阶

Offline, various encrypted art exhibitions with NFT as the core element are intensively held. Artists put their paintings on a broader market by creating NFT artworks. Under the wave of NFT, many works were sold at high prices. The most famous case is that the NFT of artist Beeple’s “Everyday: First 5000 Days” auctioned through Christie’s for a sky-high price of US$69 million, which is approximately RMB 4.5. 100 million yuan.

Under the surging wave, the crypto asset trading industry began to enter the game. Binance has announced that it will launch an NFT platform for global users in June. The platform will share the account system with Binance, and existing Binance users can directly enter the NFT platform to conduct transactions.

Currently, the world’s largest NFT trading platform is OpenSea. Every second, multiple NFT works are listed and sold on the platform. Users only need to connect to the Ethereum wallet to participate in the purchase of NFTs.

跨界不断 NFT迈新阶

Active NFT transactions on OpenSea

For crypto asset enthusiasts, Binance and Huobi are the main battlefields for trading. Today, the iBox incubated by Huobi has been launched, and Binance’s NFT trading platform is also in preparation. It is foreseeable that when these exchanges channel a huge amount of traffic into the NFT trading market, this field will be boosted.

Yuan Ruijuan, general manager of Huobi Labs, believes that NFT is not only a new way of carrying assets, but also a new technology application based on the blockchain, which is likely to empower both the blockchain industry and the physical industry. “NFT can penetrate every bit of life from issuance to daily use. It is a very new way of carrying assets.”

Indeed, NFT is currently one of the most direct connection and perception points between blockchain and valuable objects. In real life, game accounts, original music, videos, figures, and even real estate can be classified as non-homogeneous assets. Already, many innovative companies or individuals with big brains have begun to use blockchain technology to issue these tangible assets on the chain to achieve more convenient circulation.

Blockchain real estate company Propy is trying the first real estate-based NFT just recently. It sells the real estate as an NFT, and the ownership of the property will automatically be transferred to the NFT holder. This provides new ideas for real estate circulation.

“Everything can be NFT” provides sufficient imagination to this ascendant market, and when exchanges enter the market with capital and traffic, NFT works of various elements are created and issued, and its out-of-circle effect will be further expanded. Of course, the risk of hype may also follow. But the more realistic meaning is that NFT may bring new solutions to the circulation of the rights of physical assets.