NFTs

Ethereum NFT Market has increased by 77% in 2023, but still recovering from the crash in May 2022. We’ll analysis some data like Market Cap, Traders, Blue Chips trading volume, and introduce the trending project Sewer Pass

NFT Market was extremely volatile in 2022, Blue-chip NFT collections and Blue-chip index have a strong correlation to the overall sentiment of the NFT market.

Starting from 2021, the NFT market has achieved explosive growth. Opeasea, a major trading platform, holds a safe lead in terms of its trading volume. However, latecomers Lookrare and X2Y2 who entered the market by listing their transaction mining service have won high returns in the short term, which have seized a certain market share. At the end of 2022, Blur listed its more user-friendly trading interface and expected airdrops, which has drawn users’ attention. It seems that the competition in the NFT trading market has just opened a new chapter.

In 2022, the NFT market has witnessed many changes. Yuga Labs was still leading the market and issued a new land type NFT - Otherdeed for Otherside in May. This project was also playing a leading role in the market. Other projects such as Moonbirds and Clonex also cut a conspicuous figure in different periods.

CC0 refers to the copyright owner who releases the copyright, allowing others to copy, modify, and distribute the work without permission. Nouns, CrypToadz, mfers, and goblintown.wtf are NFT projects of this kind.

Hedera is a fully open-source public distributed ledger that utilizes the fast, fair, and secure hashgraph consensus.

Secret Network is an independent blockchain network built using the Cosmos SDK that improves upon traditional smart contracts while maintaining users' privacy.

Project Galaxy or Galxe is the largest web3 credential data network that is helping brands and developers to build robust decentralized products.

Flow Blockchain is a Web3 platform that is powering the development of popular Dapps, and blockchain games and hosts digital assets.

Decentraland is an Ethereum-based virtual world where users trade commodities such as LAND, collectibles, and in-game items using its native token MANA.

Chiliz combines blockchain technology and sports, using a proof of authority consensus mechanism to enable sports fans to engage with their favorite teams.

NFT Mystery Boxes are digital collectibles sold as unique NFTs on blockchain, containing random digital assets that are revealed after purchase.

Unstoppable Domains is a blockchain-based platform for managing decentralized websites that are resistant to censorship and control by centralized authorities.

Fractional NFTs are based on the premise of making fungible something non fungible. By fractionating an NFT, it is possible to create a shared ownership.

The BAYC NFT Collection is a compilation of 10,000 unique NFTs built and stored as ERC-721 tokens on the Ethereum blockchain with unique traits.