Now it is adding transactions on the Polygon platform, which enables transactions with no huge transactions fees related to computing usage. Per usual, I’d like to give a huge shout out to for providing the vast majority of data quoted in this blog. Guest Post: Andrew Steinwold, partner at Polynexus Capital & founder of Zima Red. □Sponsor: Aave-earn high yields on deposits & borrow at the best possible rate! Writer’s Corner If you want to understand the NFT market today to prepare yourself for the opportunities of tomorrow-this your article. There’s likely billion dollar opportunities in each of these categories. Today he’s sharing a breakdown of the first $100m NFTs. Originally devised as a framework for building and connecting Ethereum-compatible blockchain networks, the Polygon ecosystem has evolved into a nexus for development, allowing for scalability and interoperability between Ethereum-based projects.Īndrew is one of my favorite pioneers and investors to help us with this. The State of the NFT Market – June 2020Ībove: Polygon has a speedy and efficient Layer 2 chain for Ethereum.Polygon is also a member of the Blockchain Game Alliance, a consortium of blockchain and gaming firms, including Ubisoft, AMD, and Consensys. It has previous raised funds from billionaire serial entrepreneur, Mark Cuban. Projects:n0wear, Zora, Foundation, and moreĬulture tokens or “fashion tokens” are characterized as assets with little to no functionality but are used to display an owner’s personality. Also in the physical realm, collectors can’t always show off their pieces easily unless their work is in a museum, but with virtual worlds becoming a new form of social media they can easily display artworks of all forms. The above stats show just how early we are in a market that one day could be worth trillions of dollars.įor example, the art could be a GIF, video, or augmented reality piece that makes the viewing experience more intense and perhaps more favorable when compared to traditional mediums. Total Number of Wallets on OpenSea: 18,552 (April 27, 2020) (Source) They recently made a huge upgrade to their website and it’s amazing, so check it out. There are also numerous trading card style games, like Gods Unchained, where users acquire a deck of cards and battle against others. Each monster has its own stats that directly impact gameplay. For example, Axie Infinity ( RSA-see tactic #28) is a Pokemon-like game where users acquire cute monsters and battle them against each other. Games assets have specific traits, properties, and stats that have functional use within their environment. ![]() Projects: Gods Unchained, Axie Infinity, My Crypto Heroes, CryptoSpaceCommanders, and more
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